#basalt fiber market share

[mi-researchreports]

The Basalt Fiber Market is growing at a CAGR of >11.13% over the next 5 years. Basaltex , MAFIC, Kamenny Vek, Sudaglass Fiber Technology, BASTECH are the major companies operating in Basalt Fiber Market.

[marketingreportz]

Wind Turbine Composite Materials Market - Forecast(2024 - 2030)

Wind Turbine Composite Materials Market Overview

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The government across the globe is also investing huge amounts in alternative energy sources such as solar and wind which is further supporting the market growth for composite materials. The increasing focus of governments on offshore wind energy installations is driving the market growth between 2021–2026. However, the high cost of carbon fiber and epoxy resin and recyclability issue of composites will likely hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic has impacted the composite materials industry which has further impacted the wind turbine market. Due to the Covid-19, the manufacturing industry is impacted very badly that further impacted the wind turbine composite materials market. The slowdown in wind turbine installations and lack of raw material supplies, and workforce are impacting the market negatively. The covid-19 impacted every operation such as supply chain, production, sales, and others. However, the companies resumed their operation in 2021, which may positively impact the market.

Report Coverage

The report: “Wind Turbine Composite Materials Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wind Turbine Composite Materials industry. By Fiber Type: Glass Fiber, Carbon Fiber, Aramid Fiber, and Basalt fiber By Resin Type: Thermoplastic [Polyethylene, Polystyrene, Polyamides, Nylon, Polypropylene, Others], and Thermoset [Epoxy, Polyester, Phenolic Polyamide, and Others] By Technology: Injection Molding, Compression Molding, Pultrusion, Filament Winding, and Layup By Application: Blades, Wind turbine Hub, Rotor, Tower, Nacelle, Cables, Blade Pitch Controller, Propellers, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)

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Key Takeaways

The Asia Pacific region is expected to dominate the market and register the highest CAGR of 12.8% during the forecast period (2021–2026). The presence of leading chemical companies along with rapid growth in the personal care industry is propelling regional growth.

Epoxy resin is one of the widely used resins in wind turbine manufacturing. The segment is expected to register a high growth rate during the forecast period.

The growing installation of wind turbines in developing countries such as Brazil, Mexico, India, and China is creating a positive impact on the usage of wind turbine composite materials.

Figure: Asia Wind Turbine Composite Materials Market Revenue, 2020–2026 (US$ Billion)

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Wind Turbine Composite Materials Market Segment Analysis: By Fiber Type

The glass fiber reinforced plastics segment accounted for the largest share of more than 55% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Glass fiber offers various properties including high strength, high durability, weather-resistant, and lightweight have boosted its demand in numerous end-use industries. The easy availability and cost-effectiveness of glass fiber reinforced plastics are the key factors propelling the demand for glass fiber composites in wind turbine manufacturing. The carbon fiber segment will register a significant growth rate during the forecast period. Carbon fibers offer various properties such as low thermal expansion, high stiffness, high-temperature tolerance, and high chemical resistance among others.

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Wind Turbine Composite Materials Market Segment Analysis: By Resin Type

The thermoset segment accounted for the largest share of more than 70% in the Wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Thermoset composite is usually based on carbon, glass, and aramid fibers. Epoxy resin is the widely used thermoset type in wind turbine composite materials. Approximately 50% of European wind blades are manufactured from epoxy resin. These resins offer lightweight, and good adhesion compared to other resin types. Generally, they are combined with glass fibers and carbon fibers to manufacture wind blades. The thermoplastic segment is expected to register a significant growth rate during the forecast period. Thermoplastics are less expensive compared to thermoset resin types. They are easily weld-able, non-toxic in nature, and recyclable. These are some of the driving factors supporting the market growth between 2021–2026.

Wind Turbine Composite Materials Market Segment Analysis: By Technology

The Layup segment accounted for the largest share of more than 33% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Layup is the most common method used for the production of composites. The method is involved in placing layers of composite fiber in a structured order by using a matrix of resin and hardener. This method is widely used for the production of wind blades.

Wind Turbine Composite Materials Market Segment Analysis: By Application

The blades segment accounted for the largest market share of more than 55% of the market in 2020 and is estimated to grow significantly during the forecast period. Turbine blades serve as the most important composite-based part of wind turbines. The growing demand for wind energy is driving manufacturers to develop large wind blades for the high production of wind energy. For the development of large blades, a huge quantity of composite materials is used. Glass fibers and carbon fibers are used for the manufacturing of wind blades.

Wind Turbine Composite Materials Market Segment Analysis — By Geography

The Asia Pacific region held the largest share of more than 45% in the Wind Turbine Composite Materials market in 2020, owing to the rapid growth in the installation of wind turbines. The presence of developing nations such as China and India is driving the market growth. The presence of leading wind turbine manufacturers including Suzlon Energy Limited, and AVIC Huiteng Windpower Equipment Co., Ltd are supporting the region’s growth during the forecast period. The increasing investments by key developers for manufacturing efficient wind turbines are also boosting the market growth during the forecast period. According to the data published by Global Wind Energy Council (GWEC), China installed about 52 gigawatts of new wind power capacity in 2020.

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Wind Turbine Composite Materials Market Drivers

Rising Demand for Renewable Energy Sources

Wind energy is one of the fastest-growing renewable energies globally. Wind power is a clean energy source, and its usage is on the rise worldwide. The U.S. wind energy occupies approximately 38% of total renewable energy produced in 2019. According to the IRENA’s data, wind energy generation is increased from 7.5GW in 1997 to 564GW by 2018. Some ongoing and under-construction wind projects in the U.S. include Traverse Wind Energy Center, Aviator Wind Project, Goodnight Wind Energy Project, Alle-Catt Wind Farm, and Vineyard Wind I among others. According to the Ministry of New and Renewable Energy (MNRE), India has the fourth-highest wind installed capacity in the world with a total installed capacity of 39.25 GW (as of 31st March 2021) and has generated around 60.149 billion Units during 2020–2021. According to the European Commission, the total installed wind energy capacity in Europe reached 210GW and is estimated to reach 350GW, supplying up to 24% of electricity demand

Wind Turbine Composite Materials Market Challenges

Recyclability Issue of Composites

Composite materials are preferred for wind applications because of their durability and superior strength. Proper waste disposal and recycling at the end of the useful life of composite materials are necessary. Many current and future waste management and environmental legislation are making strict regulations on engineering materials to be properly recovered and recycled. The complex material compositions and the cross-linked nature of thermoset resins are making it difficult for recyclability. However, the use of polymers that can be recycled when used with carbon and other niche fibers reduces the composite non-recyclable. This has become a major issue as the landfills are filling up at a faster pace along with the need for going green due to global warming. Biological attack on composite materials may consist of fungal growth or marine fouling

Wind Turbine Composite Materials Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wind Turbine Composite Materials market. Major players include:

TPI Composites, Inc.

MFG Wind

LM Wind Power

Gamesa Corporation Technology

Vestas Wind Systems A/S

Suzlon Energy Limited

Siemens AG

AVIC Huiteng Windpower Equipment Co., Ltd.

AREVA and others.

Acquisitions/Technology Launches

In May 2021, Hexcel launched a range of HexPly® surface finishing prepregs and semi- prepregs for wind turbine blades and automotive and marine applications.

Relevant Reports

Composite Materials Market — Forecast(2021–2026) Report Code: CMR 0010

High-Temperature Composite Materials Market — Forecast(2021–2026) Report Code: CMR 10087

For more Chemicals and Materials Market reports, please click here

[marketsndata]

Fiber Reinforced Polymer Rebars Market Size and Share Report 2031

Global fiber reinforced polymer rebars market is projected to witness a CAGR of 10.1% during the forecast period 2024-2031, growing from USD 111 million in 2023 to USD 239.67 million in 2031. The building and construction industry held the leading share in the global fiber reinforced polymer rebars market. According to the latest forecast period published by the Construction Products Association, the construction industry at the global level registered a significant annual growth rate of 2.8% in 2022.

The increasing regulatory standards for the superior quality of fiber reinforced polymer (FRP) rebars will accelerate product adoption, thereby driving the market growth. For illustration, in May 2023, ASTM International, an international standard organization, approved the D8505 standard to integrate FRP rebar into infrastructure applications.

The growth of the building and construction activities is attributed to determinants such as the rising development of high-rise buildings, increasing emphasis on replacing aging infrastructure, technological innovations, and surging investments in commercial construction projects. Thus, the booming construction activities are boosting the adoption of fiber reinforced polymer rebars, such as glass (GFRP) rebar and carbon (CRFP) rebar, to ensure chemical resistance, thereby accelerating the market growth. Moreover, the rise in international trade has increased demand for various commercial vessels, such as bulk carriers, tankers, and container ships. Therefore, shipbuilding activities are increasing at the global level, which, in turn, is fueling the demand for fiber reinforced polymer rebars to increase the life span of marine structures, thereby propelling the market growth.

Furthermore, the strict regulatory norms associated with the treatment of wastewater and the growing awareness about the need for water conservation and reuse, along the development of new plants for water treatment, are creating a lucrative opportunity for the fiber reinforced polymer rebars market growth. For exemplifier, the wastewater treatment plant located in Waitsfield, Vermont, the United States is under the design phase and the plan is to begin construction in 2024. Nevertheless, the high manufacturing cost related to fiber reinforced polymer rebars is posing a major roadblock for the market’s growth.

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Rising Adoption of Fiber Reinforced Polymer Rebars in Construction Activities

FRP rebars are deployed in building and construction activities as a non-corrosive alternative to traditional steel rebars. They ensure superior benefits, such as corrosion-resistance, lightweight, non-conductive, and a long service lifespan, since FRP rebars are made of a polymer matrix reinforced with fibers such as glass, basalt, carbon, or aramid. As a result, FRP rebars are ideal for various structural and architectural applications such as bridges, highways, and dams. The increasing investment in road construction projects in developing economies, rising public-private partnerships in dam construction projects, and ongoing upgradations of tunnels are driving the growth of the building and construction industry, thereby positively impacting the global fiber reinforced polymer rebars market.

For example, various road projects are under the construction phase, including the Garden City Road improvement project in the United States (completion year 2025), 23 projects in India (completion year 2025) undertaken by the National Highways Authority of India (NHAI), and VINCI Highways in Germany (completion year 2025). Hence, the rise in construction activities is fostering the utilization of fiber reinforced polymer rebars to ensure long-term cost savings and contribute to environmental sustainability due to their non-corrosive nature and reduced carbon dioxide (CO2) emissions during production and transport. This, in turn, is proliferating the market growth.    

Increasing Application of Glass (GFRP) Rebar is Supplementing the Market Growth

Glass fiber reinforced polymer (GFRP) rebars are highly resistant to corrosion, making then ideal for use in corrosive environments such as seawalls, dams, and power plants. They are also more durable and cost-effective than steel as they extend the lifespan of concrete structures and reduces maintenance and rehabilitation costs. Apart from this, GFRP rebars are comparatively a lighter material, making them easier to handle and transport. Thus, due to the above benefits, GFRP rebar manufacturers are expanding their manufacturing basis to increase their market share in the global market.

For instance, in September 2020, Saudi Aramco, a materials manufacturer in Saudi Arabia launched a new GFRP rebar manufacturing facility in Saudi Arabia. Hence, the increasing expansion of GFRP rebar production facilities due to the rising product deployment in various applications is fostering the market growth. 

The Dominance of the North America in the Global Fiber Reinforced Polymer Rebars Market

The demand for FRP rebars in various applications, such as bridges, buildings, marine structures, waterfronts, and water treatment plants, has been increasing in North America, which is accelerating the market growth in the region. In addition, the leading players having a presence in the North American region dealing in the production of FRP rebar are deploying strategies, such as acquisitions, partnerships, and collaborations, to build their business portfolios.

For illustration, as of December 2023, construction projects such as Southeast Connector, USD 1.6 billion Dallas-Fort Worth Area in the United States (project completion year 2027), USD 4.5 Gordie Howe International Bridge, Detroit, MI in North America (project completion year 2026), USD 1 billion American Legion Bridge Replacement, Bethesda, MD in the United States (project completion year 2029), and USD 3.8 billion Hudson Tunnel Project, New York City, NY, in the United States (project completion year 2035) are under the development phase. As a result, the rise in the key building & construction projects in the North American region is boosting the demand for fiber reinforced polymer rebars, thereby supplementing the market growth in the region.              

Impact of COVID-19

The COVID-19 pandemic in 2020 disrupted global supply chains, affecting the availability of materials and delaying construction, thereby slowing FRP rebar adoption. For illustration, according to the European Construction Industry Federation, the European Union building and construction investment registered a decline of 3.0% in 2020. Thus, the diminished growth rate of building and construction activities at the global level led to a decline in the revenue growth of FRP rebars market in 2020.

However, the COVID-19 pandemic also highlighted the advantages of FRP rebars, such as their resistance to corrosion. This, in turn, enhanced their application, especially in healthcare infrastructure and other critical facilities, in response to the growing need for rapid construction and reduced maintenance, thereby augmenting the growth of the market.

Impact of Russia Ukraine War

The war between Russia and Ukraine resulted in record prices of oil, which significantly heightened transportation costs and ensued supply chain limitations and the closure of manufacturing units. The countries such as Russia, Ukraine, Poland, and several other European nations were impacted by the Russia-Ukraine war, thereby limiting the growth of the fiber reinforced polymer rebars industry.

For instance, in March 2022, Composite Group Chelyabinsk, a Russia-based manufacturer of FRP rebars, faced sanctions from the European countries. However, the increased sourcing of raw materials from local suppliers, along with positive trajectory shown in developing countries such as India and China, accelerated the growth of the fiber reinforced polymer rebars market.

Report Scope

“Fiber Reinforced Polymer Rebars Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global fiber reinforced polymer rebars market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/fiber-reinforced-polymer-rebars-market

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Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: info@marketsandata.com Website: https://www.marketsandata.com

[theinsightweb]

Basalt Fibers market Competitive Landscape with Regional Forecast to 2031

The Insight Partners is excited to announce the release of groundbreaking findings in its latest market research report, "Overview of Basalt Fibers Market Share, Size, and Forecast | 2028". The panoramic research, conducted by our team of seasoned experts, provides valuable insights on the Basalt Fibers market forecast, key trends, drivers, challenges, and opportunities within the Basalt Fibers market.

The report unveils a detailed Basalt Fibers market analysis of the current Basalt Fibers market size and projects future growth trends based on historical data and market dynamics. At our research firm, we aim to help investors by providing both qualitative and quantitative data through this study. This global Basalt Fibers market report, competitive landscape, risks and barriers to entry for market players, sales channels, distributors, and Porter's Five Forces Analysis.

Businesses must have a firm understanding of the market, before making significant investments. It makes financial sense to allocate a modest portion of your company's expenditure to reliable market research. With a team of well-versed experts, we deliver actionable insights and strategic intelligence to help businesses navigate the complexities of the market landscape. Our commitment to excellence and innovation sets us apart as a trusted partner for organizations seeking a competitive edge.

Why Opt for Our Basalt Fibers Market Research Report?

Our researchers employ a multi-faceted approach to data collection, utilizing primary and secondary sources to ensure the breadth and depth of information.

Our researchers analyze consumer behavior, market trends, and brand positioning methods. Every piece of data undergoes a rigorous validation process to ensure accuracy and reliability.

We prioritize clarity and conciseness in our reporting, presenting findings in a format that is easily digestible for our clients.

We develop customized analytical models tailored to the specific nuances of the Basalt Fibers market, allowing us to uncover hidden patterns and trends.

The report answers the following questions:

What are the primary factors driving the Basalt Fibers market growth during the projected period?

What region is likely to witness the most substantial growth?

Which Basalt Fibers market trend will take center stage in the coming years?

What are the key challenges hindering the Basalt Fibers market expansion?

Emerging Trends: Our report uncovers emerging trends that are poised to reshape the Basalt Fibers market equipping businesses with the foresight to stay ahead of the competition.

Competitive Landscape: The Insight Partners explores the competitive landscape, offering insights into key Basalt Fibers market players, their strategies, and potential areas for differentiation. The key companies in the Basalt Fibers market are Kamenny Vek Company, Fiberbas Construction and Building Technologies, Hydro Design Management Co. Pvt. Ltd., Hg Gbf Basalt Fiber Co., Ltd, Bastech, Mafic SA, Shanxi Basalt Fiber Technology Co. Ltd, Technobasalt-Invest LLC, Deutsche Basalt Faser Gmbh, Basalt Engineering LLC .

Consumer Insights: Understanding consumer behavior is pivotal. The report includes a comprehensive analysis of consumer trends, preferences, and purchasing patterns.

Market Segmentation- The report breaks down the Basalt Fibers market into key segments, providing a detailed examination of each segment's market size, Basalt Fibers market growth potential, and strategic considerations.On the Basis of Type this market is categorized further into-

Composites

Non-composites

On the Basis of End-Use Industry this market is categorized further into-

Construction and infrastructure

Automotive and transportation

Electrical and electronics

Wind energy

Marines

Others

Key regions Basalt Fibers Market Research Report:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us: : www.theinsightpartners.com

[naveendsw]

Basalt Fiber Market Size, Analysis, Forecast, 2030

The latest report by Precision Business Insights, titled “Basalt Fiber Market” covers complete information on market size, share, growth, trends, segment analysis, key players, drivers, and restraints.

[nil191]

Basalt Fibers Market Share, Trends, Business Strategy and Forecast to 2028

Basalt Fibers Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

The report segments the global Basalt Fibers Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Basalt Fibers Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Get Exclusive Sample Pages of Basalt Fibers Market - https://www.theinsightpartners.com/sample/TIPRE00006086/

The report provides the current market size for Basalt Fibers, defines trends and presents growth forecasts for nine years from 2019 to 2028. 2020 is considered as the base year, and 2021 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Basalt Fibers Market for all the regions globally.

The scope of the Basalt Fibers Market Report:

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Basalt Fibers in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Basalt Fibers, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

The global Basalt Fibers Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

Major highlights of the report:

All-inclusive evaluation of the parent market

Evolution of significant market aspects

Industry-wide investigation of market segments

Assessment of market value and volume in past, present, and forecast years

Evaluation of market share

Tactical approaches of market leaders

Lucrative strategies to help companies strengthen their position in the market

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Procurement as-a-Service Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Basalt Fibers Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Basalt Fibers Market.

Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

The key findings and recommendations highlight crucial progressive industry trends in the Basalt Fibers Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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[wahid007posts]

"Growing Awareness of the Environmental Benefits of FRP Rebar Drives Market Expansion"

The report "FRP Rebar Market by Fiber Type (Glass, Carbon and Basalt), Resin Type (Vinyl Easter, Epoxy), Application (Highways, Bridges & Buildings; Marine Structurers & Waterfronts Water Treatment Plants) and Region - Global Forecast to 2027" is expected to grow from USD 211 million in 2022 to USD 389 million by 2027, at a CAGR of 13.0% during the forecast period. The growing demand from the construction industry is driving the demand for FRP rebars and thereby growth of the market.

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Browse 250 market data Tables and 34 Figures spread through 199 Pages and in-depth TOC on "FRP Rebar Market”

GFRP rebars fibers account for the largest share in terms of value and volume.

GFRP rebars have the largest market share in the overall FRP rebar market globally. It is mostly used for reinforcement and strengthening various structures. The applications of GRFP include construction of bridges, highways, roads, & buildings, marine structures and waterfronts, and water treatment plants. The other applications include the construction of MRI rooms, parking structures, decks, and swimming pools. The high usage and growth can be attributed to its superior properties such as high tensile strength, durability, extreme lightweight, stability, flexibility, and high resistance to corrosion, acid and alkaline attacks, heat, temperature, and moisture.

Vinyl Ester Resins account for the largest market share in the global FRP rebar market in terms of value and volume

Vinyl ester resin-based FRP rebars are most commonly used worldwide due to their higher physical performance over polyester resins and cost benefits over epoxies. The major advantage of that vinyl ester over epoxies is that they do not need complex processing or special fabricating processes. Though polyester resins are cheaper, they are preferred less over vinyl ester and epoxy as they do not provide the same strength.

The highways, bridges & buildings application segment accounts for the largest share in the global FRP rebar market in terms of value and volume

The construction industry has traditionally seen very high usage of steel rebar-reinforced concrete structures as it was the accepted norm for many years on account of availability, cost incurred, and expertise of personnel working with steel rebars. Although the installation cost of these structures is low, the maintenance cost increases over the years owing to corrosion and subsequent weakening of the structure. The average life span of steel rebars is 20-25 years. However, the average lifespan of an FRP rebar-reinforced concrete structure is nearly 50–60 years, providing low maintenance cost during its operational life because of high resistance to corrosion. FRP rebars also increase the average lifespan of a project and, though the initial cost of installation can be high, the final cost is lowered as no additional cost on repairs and maintenance is incurred.

https://www.prnewswire.com/news-releases/frp-rebar-market-worth-344-million-by-2026--exclusive-report-by-marketsandmarkets-301296794.html

North America to lead the FRP rebar market during the forecast period

North America is the largest market for FRP rebar, by value, in the world. The market in this region is dominated by the US and Canada. The major players in the FRP rebar market in North America give each other tough competition and constantly innovate and develop new technology to produce high quality, high strength, and lightweight FRP rebars. These players adopt various growth strategies like expansion, new contracts & agreements to increase their market share and cater to the increase in demand. The usage of FRP rebars is high in the North American region as government agencies have identified the advantage of FRP rebars over traditional alternatives like steel rebars.

Schöck Bauteile GmbH (Germany), Dextra Group (Thailand), Pultron Composites (New Zealand), Pultrall Inc. (Canada), Composite Group Chelyabinsk (Russia), Owens Corning (US), FiReP Group (Switzerland), and Sireg Geotech S.r.l. (Italy) are the key players in the FRP rebar market. These players have taken different organic and inorganic developmental strategies over the past few years.

Early buyers will receive 10% free customization on this report.

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[marketwatchpune]

Canada `Calcitonin Gene-Related Peptide Type 1 Receptor Market` Size Growth Set to Surge Significantly during 2023-2030 | Teva Pharmaceutical IndCanadatries Ltd, Biohaven Pharmaceutical Holding Company Ltd, Fortress Biotech Inc, Allergan Plc, Amgen Inc

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Basalt Fibre Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032

The global basalt fibre market is anticipated to reach a value of US$ 661.3 Million by the end of 2032. There is a significant rise in demand for basalt fibre from the construction industry as a non-corrosive material and growing awareness about the various advantages of basalt fibre, such as enhanced mechanical, physical, and chemical properties.

The adoption of basalt fibre as a sustainable replacement for plastic fibre among various end-use industries is considerably boosting its sales.

The market for basalt fibres has been significantly influenced by certain demographic factors, macro-economic factors, and certain innovation factors, including urbanization, development in the building and construction industry, increasing vehicle production, rising demand for environmentally friendly products, and technological advancements in the automobile and aircraft industry.

The construction sector is expected to hold a prominent share of the global basalt fibre market. Due to new stringent government rules and regulations, the demand for environmentally friendly and easily recyclable fibre and composite products is increasing drastically.

Competitive Landscape

The market for basalt fibre is estimated to be a consolidated market, where key players are expected to account for a significant share of the market.

ASA.TEC GmbH, Basaltex, Technobasalt-Invest, LLC, Sudaglass Fiber Technolog, Galen LLC, Kamenny Vek Basfiber, MAFIC SA, Zhejiang GBF Basalt Fiber Co. Ltd., Sichuan Aerospace, Tuoxin Basalt Industrial Co. Ltd., Togliattiazot, Shanxi Basalt Fiber Technology Co. Ltd., HG GBF Basalt Fiber Co. Ltd., and many others are some of the manufacturers of basalt fibre profiled in the full version of the report.

Key players are focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. In order to secure long-term demand, top players are also entering into long-term supply agreements with key end-use industries.

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-968

Basalt Fibre Market Segmentation

By Product Type:

Continuous Basalt Fibers

Super Thin Basalt Fibers

Staple Thin Basalt Fibers

Basalt Scale & Materials

By Application:

Composite

Non Composite

By End-Use Industry:

Construction

Mining

Automotive

Aerospace

Shipbuilding

Power Generation

Electric & Electronics

Wind Turbines

Others

More Insights into the Basalt fibre Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global basalt fibre market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, end use industry, and region.

Browse the latest Market Reports@  https://www.futuremarketinsights.com/category/chemicals-and-materials