FRP Bridge Market Industry Leaders & New Revenue Pockets

Agreements, partnerships, and expansions are the key developmental strategies adopted by leading players in the FRP bridge market

The report concentrates on the utilization of various FRP materials used in the manufacturing of bridges. The FRP bridge market is expected to reach USD 72.5 million by 2021, at a CAGR of 6.40% from 2016 to 2021. The FRP materials when used in the manufacturing of structural parts of bridges offer several useful properties, such as high corrosion resistance, stiffness, and high strength. These properties are expected to foster the growth of the FRP bridge market globally.

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Growth strategies adopted by key players in the FRP bridge market include agreements/partnerships, expansions, and new product launches. Agreements/partnerships and expansions were the most widely adopted strategies between 2011 and 2016, having accounted for a share of 55.2% and 34.5% respectively of all the strategies adopted during the period. These strategies have helped major players to increase their production capabilities and market shares and to cater to the increasing demand for FRP bridges in the emerging markets.

The major players in the FRP bridge market include FiberCore Europe (Netherlands), Fiberline Composites A/S (Denmark), Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), and Bedford Reinforced Plastics (U.S.), among others. These players adopted various organic and inorganic growth strategies to increase their market share and global presence in the FRP bridge market.

Creative Pultrusions and Strongwell are the prominent players in the FRP bridge market. These players accounted for the maximum share of the overall growth strategies adopted between 2011 and 2016. Creative Pultrusions is predominantly engaged in the manufacturing of fiber reinforced polymer (FRP) products, which include beams and planks, among others, for application in FRP bridges. These products have helped the company to cater to the increasing demand for FRP materials from the FRP bridge market. The company also acquired a prominent bridge manufacturer named E.T. Techtonics (U.S.) in early 2016 to fortify its FRP bridge installation business.

Strongwell, another prominent player in the FRP bridge market, is amongst the largest pultruders of FRP structural components. The company is a major player specializing in the manufacturing and marketing of pultruded fiberglass structures and shapes for the FRP bridge market. The company majorly focuses on the expansion strategy to fortify its FRP bridge business. For instance, in October 2014, the company expanded its FRP bridge business by opening a new bridge between Oakland (U.S.) and San Francisco (U.S.). The bridge constituted FRP panels that provided the bridge with lightweight and low maintenance properties. This development strategy has helped the company increase its market share in the North American FRP bridge market.

Excellent resistance to corrosion and easy installation are the major properties bolstering the FRP bridge market

The report concentrates on the utilization of various FRP materials used in the manufacturing of bridge. The demand for FRP bridge is mainly attributed to the superior properties offered by FRP materials. FRP materials are being readily accepted by bridge engineers globally. FRP bridge provide high resistance to corrosion against deicing salts and are thus, largely used in colder climatic regions, such as North America and Europe. FRP bridge also offer high strength to weight ratio, effortless installations, and ease of maintenance of the bridge structure. The FRP bridge market is projected to witness the highest growth in the North American region during the forecast period. The region has a presence of several key players from the FRP bridge market, such as Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), and Bedford Reinforced Plastics (U.S.), among others. The projected growth of the FRP bridge market in the North American region is attributed to the presence of these prominent players.

U.S. was the major market for FRP bridge in the North American region. The support of the government coupled with the aid provided by the construction agencies, especially the Federal Highway Administration (FHWA), have significantly contributed to the growth of the FRP bridge market in the U.S.

 

The FRP bridge market is segmented by bridge type into pedestrian bridge and vehicular bridge. FRP materials are used to manufacture these two types of bridge across the world. The vehicular type of bridge dominates the FRP bridge market globally. The ease of installation and ease of maintenance provided by the utilization of FRP materials have supported the growth of the vehicular bridge segment globally.

The applications of FRP materials in bridge include decks, rebars, girders, and others. The decks demand the highest consumption of FRP materials as the use of FRP composite materials in them offer high resistance to corrosion and high strength to weight ratio. Thus, by application, the deck segment is projected to dominate the FRP bridge market globally during the forecast period.

Based on fiber type, the FRP bridge market is segmented as glass fiber, carbon fiber, and other fibers. The other fibers used in this market include basalt fiber, aramid fiber, and natural fiber. The glass fiber segment of the market is projected to grow at the highest rate during the forecast period as glass fibers are cheaper and readily available compared to carbon fibers.

Thermoset resins are predominantly used in the FRP bridge market. By resin type, the FRP bridge market is segmented into polyester, vinylester, and other resins, which include epoxy and phenolic resins. The global market for resin-based FRP bridge was dominated by vinylester due to its high strength-to-weight ratio, high dimensional stability, and better corrosion resistance properties. The vinylester segment of the market is expected to register the highest CAGR during the forecast period.

The pultrusion process is the most widely used process to manufacture the various structural parts of FRP bridge, such as decks, rebars, and girders, among others. The other processes used in the FRP bridge market include hand lay-up process and the resin transfer molding process. The pultrusion process is also considered as the most reliable manufacturing process for FRP bridge as it ensures a sufficiently consistent quality of the bridge.

Major players in the FRP bridge market include Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), Bedford Reinforced Plastics (U.S.), Fiberline Composites A/S (Denmark), and others. These key market players have adopted agreements/partnerships, new product launches, and expansions to strengthen their geographical presence.

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