US Glass Fiber Reinforced Plastic Composites (GFRP) for Bridge Construction Market Size and Forecasts (2020-2030)
US Glass Fiber Reinforced Plastic Composites (GFRP) for Bridge Construction Market Size and Forecasts (2020 – 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type (Epoxy, Vinyl Ester, Polyester, and Others), Technology (Injection Molding, Filament Winding, Spray-up, Pultrusion, Compression Molding, Resin Infusion, and Others), Bridge Type (Vehicular Bridge, Railway Bridge, and Pedestrian Bridge), and Application (Deck and Decking Components, Bridge Railings, Approach Slabs, and Others)
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Description
Glass fiber reinforced plastic composites are made from materials, including glass fiber; resins such as epoxy, vinyl ester, polyester, and others; additives; modifiers; and others. Glass fiber reinforced plastic composites are used to construct different types of bridges, such as vehicular bridges, railway bridges, and pedestrian bridges. The composites have advantages such as mechanical strength, lightweight, high durability, high resistance, and others. The high strength and low weight of composites make them an attractive material for the construction industry.
Based on application, the US glass fiber reinforced plastic composite (GFRP) for bridge construction market is segmented into deck and decking components, bridge railings, approach slabs, and others. The deck and decking components segment accounted for the largest the US glass fiber reinforced plastic composite (GFRP) for bridge construction market share in 2022. Deck is a crucial component of bridge infrastructure, as it provides a road surface for vehicles, pedestrians, and cyclists. It supports the weight of vehicles, pedestrians, and other loads. Bridge decks are constructed from various materials, such as steel, concrete, and composite materials. Construction of a bridge involves consideration of bridge span length, type of traffic, and environmental conditions, which further influence the choice of construction material. Decking components include stringers, beams, girders, and utilities. Girders and beams are structural components supporting the deck, as these components transfer load from the deck to the substructure of the bridge.
Bridge construction companies, and engineers utilize GFRP composites to enhance or add capacity to existing bridge structures as well as for new construction. GFRP installation in bridge construction is achieved by adhering to guidelines published by the US Department of Transportation Federal Highway Administration. The organizations recognize GFRP composite bridge decks, rebars and other structures as lightweight and corrosion resistant solutions for new construction projects. The government of the US is highly focused on the development of infrastructure for easy commute, safety of residents and reducing traffic congestion. In April 2023, the US Department of Transportation’s Federal Highway Administration declared US$ 300 million investment for 9 bridge projects for rural and urban areas in several states of the country. The investment includes repair, replacement and rehabilitation of bridges across the country.
Dextra Asia Co Ltd, Enduro Composites Inc, Ensinger GmbH, Exel Composites Oyj, Jiangsu Chemlead New Material Co Ltd, Krempel GmbH, Owens Corning, Rochling SE & Co KG, Tencom Ltd, and Strongwell Corp are among the players operating in the US glass fiber reinforced plastic composite (GFRP) for bridge construction market. Players operating in the US glass fiber reinforced plastic composite (GFRP) for bridge construction market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, partnerships, and collaborations to stay competitive in the market.
The overall US glass fiber reinforced plastic composite (GFRP) for bridge construction market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the US glass fiber reinforced plastic composite (GFRP) for bridge construction market.
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According to our latest market study titled “The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Forecast to 2030 – Country Analysis – by Resin Type, Technology, Bridge Type, and Application” the US glass fiber reinforced plastic (GFRP) composites for bridge construction market size is expected to grow from US$ 86.64 million in 2022 to US$ 134.40 million by 2030; it is expected to register a CAGR of 5.6% from 2022 to 2030.
GFRP composites are widely used for bridge construction due to several properties such as high durability, high corrosion resistance, low maintenance, design flexibility, and competitive life cycle cost. The composites are used to strengthen bridge structures, repair deteriorated components, and fabricate deck components and cables. Short-span footbridges or pedestrian bridges are generally fabricated using GFRP composites. GFRP slabs for deck application include pultruded profiles, sandwich panels, and hybrid decks.
In the US, the construction industry is one of the major industries. Increasing investments and government initiatives for developing public infrastructure drive the growth of the US construction industry. In the US, the construction of new bridges and repair, rehabilitation, and replacement of old bridges are increasing. In the country, the Department of Transportation (DOT) launched the new Bridge Formula Program in January 2022. The program has offered funding to repair bridges for states, tribes, and territories over five years. Using the funding of US$ 5.5 billion provided by the program in 2022, the states, tribes, and territories began to repair, rehabilitate, or replace 2,400 bridge projects across the country over the year. This includes a few critical bridges for communities such as the I-270 Bridge over the Mississippi River, the Dare Country Bridge in North Carolina, and the I-65 Bridge over the Sepulga River in Alabama. In 2022, the DOT announced another US$ 5.53 billion in funding for fiscal year 2023 through the Bridge Formula Program for states, tribes, and territories to continue the task of rebuilding the nation’s bridges.
Further, the DOT announced funding of US$ 1.6 billion in September 2022 to improve transportation systems and strengthen the supply chains. As part of this announcement, the DOT announced funds for several important bridges in need of repair. This includes funds to replace the existing I-39/90/94 Wisconsin River Bridge with two new bridge spans, rehabilitate the 100-year-old Rockport Railroad Bridge in Kentucky, and rehabilitate the Newport Pell Bridge. The growing construction of new bridges and repair, rehabilitation, and/or replacement of old bridges propel the demand for different construction materials, including glass fiber reinforced plastic composites. The composites find application in deck, bridge railings, approach slabs, etc. Thus, the growing new bridge construction and old bridge repair, rehabilitation, and/or replacement activities across the US fuel the glass fiber reinforced plastic composites for bridge construction market growth in the country.
Dextra Group, Enduro Composites, Ensinger Inc, Exel Composites Plc, Krempel GmbH, Owens Corning, and Tencom Limited are among the key players operating in the US glass fiber reinforced plastic composite (GFRP) for bridge construction market.
The “US Glass Fiber Reinforced Plastic Composite (GFRP) for Bridge Construction Market Analysis to 2030” is a specialized and in-depth study of the chemicals & materials industry, focusing on the US glass fiber reinforced plastic composite (GFRP) for bridge construction market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The US glass fiber reinforced plastic composite (GFRP) for bridge construction market is segmented on the basis of resin type, technology, bridge type, and application. Based on resin type, the market is segmented into epoxy, polyester, vinyl ester, and others. In terms of technology, the market is segmented into injection molding, spray-up, filament winding, compression molding, pultrusion, resin infusion, and others. Based on bridge type, the market is segmented into vehicular bridge, railway bridge, and pedestrian bridge. Based on application, the US glass fiber reinforced plastic (GFRP) composites market is divided into deck and decking components, bridge railings, approach slabs, and others. In 2022, based on resin type, the polyester segment dominated the market, whereas the market for the epoxy segment is expected to grow at the highest rate during the forecast period. Polyester resin is widely used as matrix material in glass fiber reinforced plastic composites. It is available at a low cost and offers ease of handling; good mechanical, electrical, and chemical properties; and dimensional stability.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the US glass fiber reinforced plastic composite (GFRP) for bridge construction market, thereby allowing players to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights: The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Intensity of Competitive Rivalry
4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
4.2.1 Raw Material Suppliers
4.2.2 Manufacturers
4.2.3 Distributors/Suppliers
4.2.4 End User
4.2.5 List of Vendors in Value Chain
5. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Infrastructural Developments
5.1.2 Various Advantages of Glass Fiber Reinforced Plastic Composites
5.2 Market Restraints
5.2.1 Availability of Substitute Products
5.3 Market Opportunities
5.3.1 Recycling of Composite Materials
5.4 Future Trends
5.4.1 Growing Focus on Using Sustainable Solutions
5.5 Impact Analysis
6. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market – US Market Analysis
6.1 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction – US Market Overview
6.2 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Volume (Tons), 2020 – 2030
6.3 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Revenue (US$ Mn), 2020 – 2030
6.4 The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Forecast and Analysis
7. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Resin Type
7.1 Resin Type Market Forecasts and Analysis
7.2 Epoxy
7.2.1 Overview
7.2.2 Epoxy Market Volume and Forecast to 2030 (Tons)
7.2.3 Epoxy Market Revenue and Forecast to 2030 (US$ Million)
7.3 Vinyl Ester
7.3.1 Overview
7.3.2 Vinyl Ester Market Volume and Forecast to 2030 (Tons)
7.3.3 Vinyl Ester Market Revenue and Forecast to 2030 (US$ Million)
7.4 Polyester
7.4.1 Overview
7.4.2 Polyester Market Volume and Forecast to 2030 (Tons)
7.4.3 Polyester Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Volume and Forecast to 2030 (Tons)
7.5.3 Others Market Revenue and Forecast to 2030 (US$ Million)
8. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Technology
8.1 Technology Market Forecasts and Analysis
8.2 Injection Molding
8.2.1 Overview
8.2.2 Injection Molding Market Revenue and Forecast to 2030 (US$ Million)
8.3 Spray-Up
8.3.1 Overview
8.3.2 Spray-Up Market Revenue and Forecast to 2030 (US$ Million)
8.4 Filament Winding
8.4.1 Overview
8.4.2 Filament Winding Market Revenue and Forecast to 2030 (US$ Million)
8.5 Compression Molding
8.5.1 Overview
8.5.2 Compression Molding Market Revenue and Forecast to 2030 (US$ Million)
8.6 Pultrusion
8.6.1 Overview
8.6.2 Pultrusion Market Revenue and Forecast to 2030 (US$ Million)
8.7 Resin Infusion
8.7.1 Overview
8.7.2 Resin Infusion Market Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Bridge Type
9.1 Bridge Type Market Forecasts and Analysis
9.2 Vehicular Bridge
9.2.1 Overview
9.2.2 Vehicular Bridge Market Revenue and Forecast to 2030 (US$ Million)
9.3 Railway Bridge
9.3.1 Overview
9.3.2 Railway Bridge Market Revenue and Forecast to 2030 (US$ Million)
9.4 Pedestrian Bridge
9.4.1 Overview
9.4.2 Pedestrian Bridge Market Revenue and Forecast to 2030 (US$ Million)
10. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Analysis – Application
10.1 Application Market Forecasts and Analysis
10.2 Deck and Decking Components
10.2.1 Overview
10.2.2 Deck and Decking Components Market Revenue and Forecast to 2030 (US$ Million)
10.3 Bridge Railings
10.3.1 Overview
10.3.2 Bridge Railings Market Revenue and Forecast to 2030 (US$ Million)
10.4 Approach Slabs
10.4.1 Overview
10.4.2 Approach Slabs Market Revenue and Forecast to 2030 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
11. Pre and Post Covid-19 Impact
11.1 Pre & Post Covid-19 Impact
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Competitive Landscape
13.1 Heat Map Analysis By Key Players
13.2 Company Positioning & Concentration
14. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market – Key Company Profiles
14.1 Dextra Asia Co Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Enduro Composites Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Ensinger GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Exel Composites Oyj
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Jiangsu Chemlead New Material Co Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Krempel GmbH
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Owens Corning
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rochling SE & Co KG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Tencom Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Strongwell Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Financial Overview
14.10.4 SWOT Analysis
14.10.5 Key Developments
15. Appendix
15.1 About Us
15.2 Glossary of Terms
LIST OF TABLES
Table 1. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Segmentation
Table 2. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Volume and Forecasts To 2030 (Tons)
Table 3. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Glossary of Terms, The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market
LIST OF FIGURES
Figure 1. Porter’s Five Forces Analysis
Figure 2. Ecosystem: The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market
Figure 3. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Impact Analysis of Drivers and Restraints
Figure 4. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Volume (Tons), 2020 – 2030
Figure 5. The US Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Revenue (US$ Million), 2020 – 2030
Figure 6. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Resin Type, 2022 and 2030
Figure 7. Epoxy Market Volume and Forecasts To 2030 (Tons)
Figure 8. Epoxy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Vinyl Ester Market Volume and Forecasts To 2030 (Tons)
Figure 10. Vinyl Ester Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Polyester Market Volume and Forecasts To 2030 (Tons)
Figure 12. Polyester Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Others Market Volume and Forecasts To 2030 (Tons)
Figure 14. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Technology, 2022 and 2030
Figure 16. Injection Molding Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Spray-Up Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Filament Winding Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Compression Molding Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Pultrusion Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Resin Infusion Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Bridge Type, 2022 and 2030
Figure 24. Vehicular Bridge Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Railway Bridge Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Pedestrian Bridge Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Glass Fiber Reinforced Plastic (GFRP) Composites for Bridge Construction Market Share (%) – Application, 2022 and 2030
Figure 28. Deck and Decking Components Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Bridge Railings Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Approach Slabs Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Company Positioning & Concentration
Figure 33. Heat Map Analysis by Key Players
The List of Companies – US Glass Fiber Reinforced Plastic Composite (GFRP) for Bridge Construction Market
o Dextra Asia Co Ltd
o Enduro Composites Inc
o Ensinger GmbH
o Exel Composites Oyj
o Jiangsu Chemlead New Material Co Ltd
o Krempel GmbH
o Owens Corning
o Rochling SE & Co KG
o Tencom Ltd
o Strongwell Corp
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