Construction of bridges, buildings, and social architecture frequently uses reinforced concrete with steel as the foundation. Given the cost of construction and the potential consequences of structural failures during accidents, the continuation of such structures is unquestionably necessary. There are interesting stories about buildings, bridges, and other constructions failing all around the world. Generally, the long-term decline of concrete caused by steel rebar degradation is the cause of this failure. FRP is used in a variety of civil engineering operations because it is a strong and excellent non-corrosive material. Examples include repairing ancient Masonry, using FRP plates as external reinforcements on structures, creating structural shapes, and using FRP rebar as concrete reinforcement.
Visit this Page for More Information: Start a Business in Construction Industry
The addition of FRP rebar is supported by its durability in corrosive terrain. Countries including Japan, Canada, the United States, and the United Kingdom created national standards for architects to use FRP rebar in the building. These standards have made it easier for the designers to feel confident in their work and eventually encourage the adoption of FRP rebar.
What is FRP Rebar?
Fibre Reinforced Polymer is referred to as FRP. The two basic components of FRP rebar –
- A fibre (often made of carbon, glass, aramid, or basalt)
- A matrix resin (polyester, epoxy resin, or vinyl ester). The matrix resin’s function is to transport, hold together, and cover the cargo between the filaments.
Related Business Plan: Construction & Building Materials
When comparing the two side by side, there are two significant differences that a person can observe.
- FRP is up to 7 times crucially lighter than steel.
- FRP rebar is considerably less rigid, or more precisely, FRP has a modulus of elasticity that is 5 times lower than that of steel.
The distinction goes beyond the fact that FRP rebar is resistant to corrosion; in contrast, steel will eventually rust and shatter the concrete it is intended to support. When FRP rebar is utilised, this results in a structural life that is more than twice as long.
- FRP’s tensile strength is lower than steel.
- FRP rebar is electrically as well as thermally non-conductive.
Read Similar Articles: CONSTRUCTION & BUILDING MATERIALS PROJECTS
Global Market Size
The market for Fibre Reinforced Polymer (FRP) Rebars is anticipated to increase at a CAGR of 10.2% from 2022 to 2028, from an estimated value of US$215.88 million in 2021 to US$421.02 million.
North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM) make up the five primary regions that create the market for fibre-reinforced polymer (FRP) rebars. North America dominated the global market demand in 2021. The demand for fibre-reinforced polymer (FRP) rebars has increased due to improved construction conditions and the increasing abandonment of anti-corrosion tools in the construction industry.
Based on use, the demand for fibre-reinforced polymer (FRP) rebars is divided into four categories:
- Water treatment facilities
- Marine constructions and riverfronts
- Ground and building work.
The market’s largest portion belonged to the construction and highway bridge component in 2021. Construction material sales have increased globally because of adding trace systems, and this has given rise to a demand for fibre-reinforced polymer (FRP) rebars. Many more developed nations consider using green construction methods to conserve resources and provide structures with a long useful life. Fibre-reinforced polymer rebars are thus becoming less and less common when building large and commercially viable constructions.
Related Feasibility Study Reports: Construction & Building Materials Projects
Indian Market
In India, the demand for FRP is increasing quickly and is expected to do so in the near future. The key drivers of its increase are the country’s increasing building infrastructure and the expanding structure development conditions. Consequently, there is an increase in demand for compound building materials. Compound materials are not only lighter and simpler to use, but they also last much longer and are resistant to corrosion. Because of this, more and more architects, engineers, and builders are specifying FRP rebar for their systems. Manufacturers of FRP rebar product outfits now have a fantastic opportunity to grow their companies or kick-start their activities in India.
Read our Books Here: Cement, Asbestos, Ceramics, Bricks, Limestone And Construction Materials Manufacturing Technology
The Indian Brand Equity Foundation (IBEF) predicts that India’s construction industry will expand at a CAGR of 20%. This is due to increased expenditures in infrastructure development systems, such as smart cities, highways and roads, airports, and trains, made by both public and private parties.
Government’s Efforts and Schemes to Promote FRP Rebars
To improve the pace and quality of work under PMAY(U), the Hon. Prime Minister emphasized and encouraged the States to accelerate the relinquishment of new construction technologies at the PRAGATI meeting on July 12th, 2017. This was done to address the challenges of rapid urban growth and its accompanying conditions. By 2022, over 11.2 million homes are expected to be built as part of this plan.
Read our Book Here: The Complete Book on Cement & Concrete Products Manufacturing
The Pradhan Mantri Awas Yojana (Urban) – Housing for All Mission, launched by the Indian government to address the challenges of rapid urban growth and its associated conditions, has further emphasised the need to accelerate the abandonment of new construction technologies to improve track and construction quality. Recently, the Ministry of Housing and Urban Affairs (MoHUA), Government of India, successfully carried out the Global Housing Technology Challenge- India (GHTC- India) to identify and mainstream innovative housing and other public construction technologies from around the world that are more affordable, quicker, durable, and disaster-resistant and ensure a high standard of house construction, meeting various geo-climatic conditions and functional requirements.
It advances the Hon. Prime Minister’s revolutionary agenda and his faith in technical advancements to quickly offer low-cost housing that complies with stringent environmental, sociological, quality, and financial standards.
FRP rebars have received the government of India’s clearance for use in building in the country. In mild seismic zones, similar structures can be built up to ten storeys (and to lower heights in high seismic zones). However, a competent architect must properly design such construction.
Visit the page Select and Choose the Right Business Startup for You for sorting out the questions arising in your mind before starting any business and know which start-up you can plan.
We, at NPCS, endeavor to make business selection a simple and convenient step for any entrepreneur/startup. Our expert team, by capitalizing on its dexterity and decade’s long experience in the field, has created a list of profitable ventures for entrepreneurs who wish to diversify or venture. The list so mentioned is updated regularly to give you a regular dose of new emerging opportunities.
Click here to send your queries/Contact Us
We at NPCS think that the future of wide composite rebar application is quickly approaching. Construction businesses across the world have historically shown considerable demand for the product since its benefits vastly outweigh any drawbacks that steel rebar may have. The demand is expected to rise due to the variety of applications available.
Reasons for Buying NIIR Report:
- Our research report helps you get a detailed picture of the industry by providing an overview of the industry along with the market structure and classification.
- Our report provides market analysis covering major growth driving factors for the industry, the latest market trends and the regulatory framework of the industry.
- Our Report provides an analysis and in-depth financial comparison of major Players / Competitors.
- Our Report provides indispensable buyers' data with their company financials as well as the contact details, which can be an important tool in identifying the target customers.
- Our report provides forecasts of key parameters which help to anticipate the industry performance.
- We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.
See More Links:
- Start a Business in Asia
- Start a Business in Potential Countries for Doing Business
- Best Industry for Doing Business
- Business Ideas with Low, Medium & High Investment
- Looking for Most Demandable Business Ideas for Startups
- Startup Consulting Services
- Start a Business in Africa
- Start a Business in India
- Start a Business in Middle East
- Related Videos
- Related Books
- Related Projects
- Related Market Research Reports
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬
NIIR PROJECT CONSULTANCY SERVICES, DELHI
An ISO 9001:2015 Company
ENTREPRENEUR INDIA
106-E, Kamla Nagar, Opp. Mall ST,
New Delhi-110007, India.
Email: npcs.ei@gmail.com
Tel: +91-11-23843955, 23845654, 23845886
Mobile: +91-9097075054, 8800733955
Website: https://www.entrepreneurindia.co
DPP_20Art23