Market Overview:
The global fibre reinforced plastic (FRP) bridge market was worth USD 60.46 million in 2020 and is estimated to reach USD 82.72 million with a compound annual growth rate of 6.47%. The global reinforced plastic (FRP) bridge market is expected to show moderate expansion during the forecast period. North America is estimated to grow the quickest according to the estimated period.

Market drivers and restraints:
Some of the significant drivers are the lower weight, low life cycle price, higher specific strength and stiffness, high corrosion and fatigue resistance, more economical maintenance price, and the escalating requirement for faster installation of bridges. Technological developments have resulted in an escalation in the employment of Fibre-reinforced plastic materials in the construction, automobile and aerospace. The noteworthy features of fibre reinforced plastic (FRP) materials like resistance to corrosion, lightweight, and high strength are some of the significant factors that have resulted in the fast expansion of the market in recent times.

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Report segmented as:

By fibre:
• Glass fibre
• Carbon fibre

By resin:
• Vinyl ester
• Polyester

By manufacturing process:
• Pultrusion
• Hand lay-up

By application:
• Deck
• Girders
• Rebars

By bridge type:
• Vehicular
• Pedestrian

Geographical analysis:
On the basis of geographical region, the global fibre reinforced plastic (FRP) bridge market is segregated into regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Among them, North America is the quickest growing market due to the rise in demand from rising construction, automobile, aerospace and defense industries. The United States of America is one of the biggest players in this region.

Important market players:
Some of the major key players operating in the fibre reinforced plastic (FRP) bridge market are Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), Toray Industries (Japan), Teijin Limited (Japan), and Owens Corning (U.S.), among others. Key players in the FRP bridge market include Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), and Bedford Reinforced Plastics (U.S.), among others.

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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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