The FRP bridge market is valued at US$ 573.3 million in 2024 and is projected to reach US$ 1 billion by 2034, exhibiting a CAGR of 6.10% during the forecast period.
Key Market Drivers:
The FRP bridge market generated an estimated revenue of US$ 390 million in 2019. In the span of four years, the market grew at a pace of 8.10% CAGR and added revenue of US$ 142.80 million. Several reasons can be attributed to this growth:
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | US$ 573.3 million |
Anticipated Forecast Value (2034) | US$ 1 billion |
Estimated Growth (2024 to 2034) | 6.10% CAGR |
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The FRP bridge market is anticipated to surpass a global valuation of US$ US$ 1 billion by the year 2034, with a growth rate of 6.10% CAGR. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:
Attributes | Details |
---|---|
Type | Glass Fiber |
CAGR | 5.80% |
Depending on the type, the FRP bridge market is bifurcated into glass and carbon fiber. The glass fiber segment is anticipated to grow at a CAGR of 5.80% till 2034
Attributes | Details |
---|---|
Resin Type | Vinyl Ester |
CAGR | 5.70% |
The FRP bridge market is categorized by applications into vinyl ester and polyester. The vinyl ester segment dominates the market and is anticipated to grow at a CAGR of 5.70% till 2034
The section provides an analysis of the FRP bridge market by country, including India, China, China, Germany and the United States. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.
Countries | CAGR |
---|---|
Japan | 7.50% |
South Korea | 7.10% |
The United Kingdom | 6.90% |
China | 6.40% |
The United States | 6.30% |
Japan dominates the global FRP bridge market. The Japanese market for FRP bridges is anticipated to grow at a CAGR of 7.50%.
South Korea is also one of the leading countries in the FRP bridge market. The Korean market for FRP bridges is anticipated to grow at a CAGR of 7.10%.
The United Kingdom also leads the global FRP bridge market. Over the next ten years, the United Kingdom demand for FRP bridges is projected to rise at a 6.90% CAGR.
China is also one of the leading countries in this market. The Chinese FRP bridge market is anticipated to retain its dominance by progressing at a growth rate of 6.40% till 2034.
The United States also dominates the FRP bridge market. The United States FRP bridge market is anticipated to retain its dominance by progressing at a growth rate of 6.30% till 2034.
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The global market for FRP bridges is filled with a plethora of companies that have a worldwide reach. Some of the most prominent companies in this market are B&B FRP Manufacturing Inc., Bedford Reinforced Plastics, Composite Advantage, LLC., Creative Pultrusions, Inc., CTS Bridges Ltd, etc. These companies often collaborate with government bodies and defense entities to develop innovative FRP bridge solutions that meet specific infrastructure and defense requirements.
Recent Developments:
The global FRP bridge market is expected to be worth US$ 573.30 million by 2024.
The market for FRP bridges is expected to reach US$ 1 billion by 2034.
The FRP bridge market is growing at a CAGR of 6.10% from 2024 to 2034.
B&B FRP Manufacturing Inc., Bedford Reinforced Plastics, Composite Advantage, LLC., Creative Pultrusions, Inc., and CTS Bridges Ltd are some of the major players in the market for FRP bridges.
The global valuation for the FRP bridge market in 2023 was US$ 532.80 million.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Meter) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Glass Fiber
5.3.2. Carbon Fiber
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Resin Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Resin Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Resin Type, 2024 to 2034
6.3.1. Vinyl Ester
6.3.2. Polyester
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Resin Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Resin Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Manufacturing Process
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Manufacturing Process, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Manufacturing Process, 2024 to 2034
7.3.1. Pultrusion
7.3.2. Hand Lay-Up
7.4. Y-o-Y Growth Trend Analysis By Manufacturing Process, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Manufacturing Process, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Meter) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Meter) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Resin Type
9.2.4. By Manufacturing Process
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Resin Type
9.3.4. By Manufacturing Process
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Resin Type
10.2.4. By Manufacturing Process
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Resin Type
10.3.4. By Manufacturing Process
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Type
11.2.3. By Resin Type
11.2.4. By Manufacturing Process
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Resin Type
11.3.4. By Manufacturing Process
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Type
12.2.3. By Resin Type
12.2.4. By Manufacturing Process
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Resin Type
12.3.4. By Manufacturing Process
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Type
13.2.3. By Resin Type
13.2.4. By Manufacturing Process
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Resin Type
13.3.4. By Manufacturing Process
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Type
14.2.3. By Resin Type
14.2.4. By Manufacturing Process
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Resin Type
14.3.4. By Manufacturing Process
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Meter) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Meter) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Type
15.2.3. By Resin Type
15.2.4. By Manufacturing Process
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type
15.3.3. By Resin Type
15.3.4. By Manufacturing Process
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Type
16.1.2.2. By Resin Type
16.1.2.3. By Manufacturing Process
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Type
16.2.2.2. By Resin Type
16.2.2.3. By Manufacturing Process
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Type
16.3.2.2. By Resin Type
16.3.2.3. By Manufacturing Process
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Type
16.4.2.2. By Resin Type
16.4.2.3. By Manufacturing Process
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Type
16.5.2.2. By Resin Type
16.5.2.3. By Manufacturing Process
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Type
16.6.2.2. By Resin Type
16.6.2.3. By Manufacturing Process
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Type
16.7.2.2. By Resin Type
16.7.2.3. By Manufacturing Process
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Type
16.8.2.2. By Resin Type
16.8.2.3. By Manufacturing Process
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Type
16.9.2.2. By Resin Type
16.9.2.3. By Manufacturing Process
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Type
16.10.2.2. By Resin Type
16.10.2.3. By Manufacturing Process
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Type
16.11.2.2. By Resin Type
16.11.2.3. By Manufacturing Process
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Type
16.12.2.2. By Resin Type
16.12.2.3. By Manufacturing Process
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Type
16.13.2.2. By Resin Type
16.13.2.3. By Manufacturing Process
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Type
16.14.2.2. By Resin Type
16.14.2.3. By Manufacturing Process
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Type
16.15.2.2. By Resin Type
16.15.2.3. By Manufacturing Process
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Type
16.16.2.2. By Resin Type
16.16.2.3. By Manufacturing Process
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Type
16.17.2.2. By Resin Type
16.17.2.3. By Manufacturing Process
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Type
16.18.2.2. By Resin Type
16.18.2.3. By Manufacturing Process
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Type
16.19.2.2. By Resin Type
16.19.2.3. By Manufacturing Process
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Type
16.20.2.2. By Resin Type
16.20.2.3. By Manufacturing Process
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Type
16.21.2.2. By Resin Type
16.21.2.3. By Manufacturing Process
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Type
16.22.2.2. By Resin Type
16.22.2.3. By Manufacturing Process
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Type
16.23.2.2. By Resin Type
16.23.2.3. By Manufacturing Process
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Type
17.3.3. By Resin Type
17.3.4. By Manufacturing Process
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. B&B FRP Manufacturing Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Bedford Reinforced Plastics
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Composite Advantage, LLC
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Creative Pultrusions, Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. CTS Bridges Ltd
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. FiberCore Europe
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Fiberline Composites A/S
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Guardian Bridge Rapid Construction II Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Lifespan Structures Ltd.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Strongwell Corporation
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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