Fiber Reinforced Polymer Bridge Market - Forecast(2024 - 2030)
Fiber Reinforced Polymer Bridge Market Overview
The Fiber Reinforced Polymer Bridge Market size is estimated to reach US$90.2 million by 2027 after growing at a CAGR of 5.4% during the forecast period 2022-2027. Fiber Reinforced Polymer or Fiber Reinforced Polymer Bridge is a bridge made from composite materials which are a mixture of polymers such as polyester & vinyl ester and fibers namely carbon fiber and glass fiber. The rich properties of Fiber Reinforced Polymers such as good fatigue, low weight, high tensile & bending strength and good compression properties are driving their demand in advanced engineerings such as bridges and architectural structures. Furthermore, the high strength-to-weight ratio and better corrosion resistance provided by fiber-reinforced polymers in comparison with steel, are influencing the market growth of the Fiber Reinforced Polymer Bridge industry. Factors such as government initiatives for bridge renovation and fuelling investments in bridge construction have provided growth opportunities to the Fiber Reinforced Polymer Bridge industry. However, the expensive nature of fiber-reinforced polymers compared to other materials such as wood and unpainted low-carbon steel can negatively influence the growth of the Fiber Reinforced Polymer Bridge industry. The COVID-19 pandemic negatively impacted the Fiber Reinforced Polymer Bridge industry outlook, due to lockdown restrictions the gap in the completion of bridge construction projects and also there were budget cuts in infrastructure construction to increase healthcare spending.
Report Coverage
The “Fiber Reinforced Polymer Bridge Market Report – Forecast
(2022 – 2027)” by IndustryARC, covers an in-depth analysis of the following
segments in the Fiber Reinforced Polymer Bridge Industry.
Key Takeaways
- North America dominates the Fiber Reinforced Polymer Bridge industry owning to fuelling construction activities of new bridges which is significantly influencing the market growth in the region.
- Superior properties of fiber-reinforced polymers such as high strength-to-weight ratio and high corrosion resistance against de-icing salt are significantly influencing the Fiber Reinforced Polymer Bridge industry outlook.
- However, the expensive nature of fiber-reinforced polymers coupled with the lack of their performance history is creating a challenge in the growth of the Fiber Reinforced Polymer Bridge industry, thereby affecting the Fiber Reinforced Polymer Bridge Market size.
Figure: North-America Fiber Reinforced Polymer Bridge Market Revenue, 2021-2027 (US$ Million)
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Fiber Reinforced Polymer Bridge Market Segment Analysis – by Fiber
Glass fiber held the largest share in
the Fiber Reinforced Polymer Bridge Market in 2021 and is forecasted to grow at a CAGR of 5.6%
during the forecast period. Glass Fiber Reinforced Polymers in comparison with
steel, offer certain benefits such as life-cycle cost benefits and the ability to withstand
harsh climatic environment where steel is prone to corrosion. The bridge deck
made from glass fiber in comparison with the deck made from concrete and steel
is lightweight, has high durability and can undergo upgrade without changing
the sub-structure. Furthermore, the easy availability and cost-effectiveness of
glass fibre is another factor contributing to its high demand and preferability
over other fibers such as carbon fiber and aramid. Thus, the advantageous
features provided by glass fiber are significantly influencing its demand in
bridge construction, thereby contributing to its segment growth in the coming
years.
Fiber Reinforced Polymer Bridge Market Segment Analysis – by Bridge Type
The vehicular bridge held the largest
share in the Fiber Reinforced Polymer Bridge Market in 2021 and is forecasted to grow at a CAGR of 5.8%
during the forecast period 2022-2027. A vehicular bridge in comparison with a pedestrian
bridge accommodates more loading weight, due to which it requires a strong
foundation and durable construction. Fibre-reinforced polymers which are made
by reinforcing polymers such as polyester or vinyl ester can meet such
requirements. Due to its rich mechanical & chemical properties such as high
tensile strength & corrosion resistance, fiber-reinforced polymers have
high applicability in vehicular bridges, where it is used in decks, girders,
beams and others. Furthermore, factors such as an increase in traffic density
on account of the growing number of vehicles on road are creating demand for the
construction of more vehicular bridges, which is further driving the demand for
fiber-reinforced polymers in the vehicular bridge segment.
Fiber Reinforced Polymer Bridge Market Segment Analysis – by Geography
North America held the largest share in the Fiber Reinforced Polymer Bridge Market in 2021 up to 39%. Demand for fiber-reinforced polymers for bridge construction in the North American region is significantly growing, owing to its flourishing application in deck and girders manufacturing. The number of bridges in major economies namely the US and Canada has shown a rapid increase on account of the undertaking of bridge construction projects and the development of transportation infrastructure. According to the United States Bureau of Transportation Statistics, in 2020, the total number of bridges in the US stood at 6,18,456 in comparison to 6,16,096 in 2018. Furthermore, the Transportation Investment Corporation of British Columbia, in June 2021, undertook the Pattullo Bridge replacement project on the Fraser river which had an estimated investment of US$1.12 billion. The growing number of bridges has boosted the demand for fiber-reinforced polymers for deck and girder applications, which has resulted in the positive market growth of the Fiber Reinforced Polymer Bridge Market in the North American region.
Fiber Reinforced Polymer Bridge Market Drivers
Government Initiatives for Bridge Renovation:
Bridges made of steel though have
high strength but are susceptible to corrosion which reduces the mechanical
performance and structural integrity of the bridge, due to which they require proper
maintenance and renovation. Various schemes and acts have been implemented by
governments for improving the condition of bridges. For instance, the US
Department of Transportation, in January 2022, launched the Bridge Replacement, Rehabilitation, Preservation, Protection and Construction Program which included investments worth US$26.5 billion for
the replacement and repairing of bridges all across the US. Furthermore, the German
Government’s road firm Autobahn, 2021, issued a budget of US$626 million to
improve the country’s bridges that fall under the Autobahn network. Fiber-reinforced polymers such as
polyester and vinyl ester have high flexural strength and low wear & tear
impact, can fully replace the traditional steel and be majorly used during
repair work. With growing bridge renovation, the demand for high performance
materials such as fiber-reinforced polymers to replace will also increase,
resulting in a positive market during the forecast period.
Fuelling investments in Bridge Construction:
Bridges besides playing an integral
role in connecting places and easing vehicle traffic are also considered one of
the recognizing symbols of the nation’s infrastructure. The rapid growth in
transportation infrastructure spending has boosted the construction activities
of bridges. For instance, the Government of India, in April 2022, announced the
construction of 64 strategic roads and 103 bridges in Indo-China,
Indo-Pakistan and Indo-Myanmar areas with total evaluation of US$393.6
million. Furthermore, UK’s Department for Transport, in June 2020, announced
US$197.78 million worth of investments for four major construction of bridges
in England. Such an increase in investments in bridge construction has
accelerated the demand for fiber-reinforced polymers for deck, girder and tower
columns applications, thereby significantly influencing the growth of the Fiber Reinforced Polymer Bridge industry.
Fiber Reinforced Polymer Bridge Market Challenge
High Cost Associated with Fibre Reinforced Polymers:
Fiber-reinforced polymers in
comparison with materials such as low carbon steel have a higher cost as the
polymers demand the use of expensive carbon fiber and various types of saw
blades and drills for cutting purposes. Manufacturing carbon fibre is a highly
specialization process and the raw materials such as machineries required for
manufacturing of such fibre are highly advanced and cost thousands of dollars. Usage
of expensive machineries increases the manufacturing cost of carbon fiber which
increases the overall cost of making fiber-reinforced polymers since carbon
fibre forms an important ingredient. The expensive nature of fiber-reinforced
polymers in comparison to low-carbon steel can negatively impact their demand in
bridge construction activities, thereby reducing Fiber Reinforced Polymer Bridge Market size during
the forecast period.
Fiber Reinforced Polymer Bridge Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Fiber Reinforced Polymer Bridge Market. The top 10 companies in the Fiber Reinforced Polymer Bridge Market are:
- B&B
FRP Manufacturing Inc.
- Bedford
Reinforced Plastics
- Composite
Advantage LLC
- Creative
Pultrusions Inc.
- CTS
Bridges Ltd.
- FiberCore
Europe
- Fiberline
Composites A/S
- Guardian Bridge
Rapid Construction II Inc.
- Lifespan
Structures Ltd.
- Strongwell Corporation
Recent Developments
- In April 2021, Bedford Reinforced Plastics a leading producer and supplier of fiber-glass reinforced plastics introduced ReadySpan, which is a pre-engineered, ready-to- install, modular pedestrian bridging system.
- In February 2021, Advanced Infrastructure Technologies which is a provider of innovative fibre reinforced polymer composite solutions introduced the AIT Manufacturing division which will provide Fiber Reinforced Polymer composite solutions for infrastructures such as bridges.
- In February 2021, Creative Pultrusions Inc. formed Creative Composites Group which would provide enhanced Fiber Reinforced Polymer solution offerings for infrastructure applications such as bridge decking.
Relevant Reports
Report
Code – CMR 1386
Report
Code – CMR 0388
Report Code – CMR 0224
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LIST OF TABLES
1.Global FRP Bridge Market By Fiber Type Market 2023-2030 ($M)1.1 Glass Fiber Market 2023-2030 ($M) - Global Industry Research
1.2 Carbon Fiber Market 2023-2030 ($M) - Global Industry Research
2.Global FRP Bridge Market By Resin Type Market 2023-2030 ($M)
2.1 Vinylester Resin Market 2023-2030 ($M) - Global Industry Research
2.2 Polyester Resin Market 2023-2030 ($M) - Global Industry Research
3.Global FRP Bridge Market By Manufacturing Process Market 2023-2030 ($M)
3.1 Pultrusion Market 2023-2030 ($M) - Global Industry Research
3.2 Hand Lay-Up Market 2023-2030 ($M) - Global Industry Research
4.Global FRP Bridge Market By Bridge Type Market 2023-2030 ($M)
4.1 Vehicular Bridge Market 2023-2030 ($M) - Global Industry Research
4.2 Pedestrian Bridge Market 2023-2030 ($M) - Global Industry Research
5.Global FRP Bridge Market By Fiber Type Market 2023-2030 (Volume/Units)
5.1 Glass Fiber Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Carbon Fiber Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global FRP Bridge Market By Resin Type Market 2023-2030 (Volume/Units)
6.1 Vinylester Resin Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Polyester Resin Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global FRP Bridge Market By Manufacturing Process Market 2023-2030 (Volume/Units)
7.1 Pultrusion Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Hand Lay-Up Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global FRP Bridge Market By Bridge Type Market 2023-2030 (Volume/Units)
8.1 Vehicular Bridge Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Pedestrian Bridge Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America FRP Bridge Market By Fiber Type Market 2023-2030 ($M)
9.1 Glass Fiber Market 2023-2030 ($M) - Regional Industry Research
9.2 Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
10.North America FRP Bridge Market By Resin Type Market 2023-2030 ($M)
10.1 Vinylester Resin Market 2023-2030 ($M) - Regional Industry Research
10.2 Polyester Resin Market 2023-2030 ($M) - Regional Industry Research
11.North America FRP Bridge Market By Manufacturing Process Market 2023-2030 ($M)
11.1 Pultrusion Market 2023-2030 ($M) - Regional Industry Research
11.2 Hand Lay-Up Market 2023-2030 ($M) - Regional Industry Research
12.North America FRP Bridge Market By Bridge Type Market 2023-2030 ($M)
12.1 Vehicular Bridge Market 2023-2030 ($M) - Regional Industry Research
12.2 Pedestrian Bridge Market 2023-2030 ($M) - Regional Industry Research
13.South America FRP Bridge Market By Fiber Type Market 2023-2030 ($M)
13.1 Glass Fiber Market 2023-2030 ($M) - Regional Industry Research
13.2 Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
14.South America FRP Bridge Market By Resin Type Market 2023-2030 ($M)
14.1 Vinylester Resin Market 2023-2030 ($M) - Regional Industry Research
14.2 Polyester Resin Market 2023-2030 ($M) - Regional Industry Research
15.South America FRP Bridge Market By Manufacturing Process Market 2023-2030 ($M)
15.1 Pultrusion Market 2023-2030 ($M) - Regional Industry Research
15.2 Hand Lay-Up Market 2023-2030 ($M) - Regional Industry Research
16.South America FRP Bridge Market By Bridge Type Market 2023-2030 ($M)
16.1 Vehicular Bridge Market 2023-2030 ($M) - Regional Industry Research
16.2 Pedestrian Bridge Market 2023-2030 ($M) - Regional Industry Research
17.Europe FRP Bridge Market By Fiber Type Market 2023-2030 ($M)
17.1 Glass Fiber Market 2023-2030 ($M) - Regional Industry Research
17.2 Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
18.Europe FRP Bridge Market By Resin Type Market 2023-2030 ($M)
18.1 Vinylester Resin Market 2023-2030 ($M) - Regional Industry Research
18.2 Polyester Resin Market 2023-2030 ($M) - Regional Industry Research
19.Europe FRP Bridge Market By Manufacturing Process Market 2023-2030 ($M)
19.1 Pultrusion Market 2023-2030 ($M) - Regional Industry Research
19.2 Hand Lay-Up Market 2023-2030 ($M) - Regional Industry Research
20.Europe FRP Bridge Market By Bridge Type Market 2023-2030 ($M)
20.1 Vehicular Bridge Market 2023-2030 ($M) - Regional Industry Research
20.2 Pedestrian Bridge Market 2023-2030 ($M) - Regional Industry Research
21.APAC FRP Bridge Market By Fiber Type Market 2023-2030 ($M)
21.1 Glass Fiber Market 2023-2030 ($M) - Regional Industry Research
21.2 Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
22.APAC FRP Bridge Market By Resin Type Market 2023-2030 ($M)
22.1 Vinylester Resin Market 2023-2030 ($M) - Regional Industry Research
22.2 Polyester Resin Market 2023-2030 ($M) - Regional Industry Research
23.APAC FRP Bridge Market By Manufacturing Process Market 2023-2030 ($M)
23.1 Pultrusion Market 2023-2030 ($M) - Regional Industry Research
23.2 Hand Lay-Up Market 2023-2030 ($M) - Regional Industry Research
24.APAC FRP Bridge Market By Bridge Type Market 2023-2030 ($M)
24.1 Vehicular Bridge Market 2023-2030 ($M) - Regional Industry Research
24.2 Pedestrian Bridge Market 2023-2030 ($M) - Regional Industry Research
25.MENA FRP Bridge Market By Fiber Type Market 2023-2030 ($M)
25.1 Glass Fiber Market 2023-2030 ($M) - Regional Industry Research
25.2 Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
26.MENA FRP Bridge Market By Resin Type Market 2023-2030 ($M)
26.1 Vinylester Resin Market 2023-2030 ($M) - Regional Industry Research
26.2 Polyester Resin Market 2023-2030 ($M) - Regional Industry Research
27.MENA FRP Bridge Market By Manufacturing Process Market 2023-2030 ($M)
27.1 Pultrusion Market 2023-2030 ($M) - Regional Industry Research
27.2 Hand Lay-Up Market 2023-2030 ($M) - Regional Industry Research
28.MENA FRP Bridge Market By Bridge Type Market 2023-2030 ($M)
28.1 Vehicular Bridge Market 2023-2030 ($M) - Regional Industry Research
28.2 Pedestrian Bridge Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Frp Bridge Market Revenue, 2023-2030 ($M)2.Canada Frp Bridge Market Revenue, 2023-2030 ($M)
3.Mexico Frp Bridge Market Revenue, 2023-2030 ($M)
4.Brazil Frp Bridge Market Revenue, 2023-2030 ($M)
5.Argentina Frp Bridge Market Revenue, 2023-2030 ($M)
6.Peru Frp Bridge Market Revenue, 2023-2030 ($M)
7.Colombia Frp Bridge Market Revenue, 2023-2030 ($M)
8.Chile Frp Bridge Market Revenue, 2023-2030 ($M)
9.Rest of South America Frp Bridge Market Revenue, 2023-2030 ($M)
10.UK Frp Bridge Market Revenue, 2023-2030 ($M)
11.Germany Frp Bridge Market Revenue, 2023-2030 ($M)
12.France Frp Bridge Market Revenue, 2023-2030 ($M)
13.Italy Frp Bridge Market Revenue, 2023-2030 ($M)
14.Spain Frp Bridge Market Revenue, 2023-2030 ($M)
15.Rest of Europe Frp Bridge Market Revenue, 2023-2030 ($M)
16.China Frp Bridge Market Revenue, 2023-2030 ($M)
17.India Frp Bridge Market Revenue, 2023-2030 ($M)
18.Japan Frp Bridge Market Revenue, 2023-2030 ($M)
19.South Korea Frp Bridge Market Revenue, 2023-2030 ($M)
20.South Africa Frp Bridge Market Revenue, 2023-2030 ($M)
21.North America Frp Bridge By Application
22.South America Frp Bridge By Application
23.Europe Frp Bridge By Application
24.APAC Frp Bridge By Application
25.MENA Frp Bridge By Application
26.Strongwell Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cts Bridges Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Bedford Reinforced Plastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Fiberline Composites A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Composites Advantage, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Lifespan Structures, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Kenway Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Zellcomp Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.B FRP Manufacturing Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Guardian Bridge Rapid Construction Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)