The global construction composites market size reached US$ 5.5 billion in 2023. The market is projected to reach US$ 8.1 billion by 2032, exhibiting a growth rate (CAGR) of 4.25% during 2023-2032. Increasing usage of composites in construction applications, rehabilitation of old concrete structures, and high installation costs of composites represent some of the key factors driving the market.
Construction composites refer to a class of materials made of two or more constituent materials, which when combined, exhibit superior properties to the individual components. These materials are generally used in the construction due to their strength, durability, and resistance to harsh environmental conditions. The composites can be made up of various materials, including fibers, resins, and fillers, which are mixed in precise ratios to produce the desired properties. Some common types of construction composites include fiberglass, carbon fiber-reinforced polymer, and polymer concrete. These materials can be used in a variety of applications, including bridges, buildings, and pipelines, to improve the performance and durability of the structures. In recent years, construction composites have gained momentum as they offer lightweight, high-strength, and durable solutions for construction projects that require high-performance materials.
2. What is the expected growth rate of the global construction composites market during 2024-2032?
3. What are the key factors driving the global construction composites market?
4. What has been the impact of COVID-19 on the global construction composites market?
5. What is the breakup of the global construction composites market based on the fiber type?
6. What is the breakup of the global construction composites market based on the resin type?
7. What is the breakup of the global construction composites market based on the end use?
8. What are the key regions in the global construction composites market?
9. Who are the key players/companies in the global construction composites market?
Construction composites refer to a class of materials made of two or more constituent materials, which when combined, exhibit superior properties to the individual components. These materials are generally used in the construction due to their strength, durability, and resistance to harsh environmental conditions. The composites can be made up of various materials, including fibers, resins, and fillers, which are mixed in precise ratios to produce the desired properties. Some common types of construction composites include fiberglass, carbon fiber-reinforced polymer, and polymer concrete. These materials can be used in a variety of applications, including bridges, buildings, and pipelines, to improve the performance and durability of the structures. In recent years, construction composites have gained momentum as they offer lightweight, high-strength, and durable solutions for construction projects that require high-performance materials.
Construction Composites Market Trends
One of the primary factors driving the market is the augmenting demand for lightweight and high-strength materials in the construction industry. Additionally, due to the high strength-to-weight ratio construction composites are widely used for applications, where weight reduction is critical, such as automotive, aerospace, and wind energy industries, thus creating a positive market outlook. Other than this, the increasing environmental awareness and concerns for sustainability and eco-friendliness have encouraged individuals to opt for green and sustainable construction Composites, which are made from recycled materials and reduce waste and energy consumption. Additionally, composites are lightweight and more energy-efficient than traditional materials, resulting in reduced carbon emissions during the construction process. Besides this, the rising demand for corrosion-resistant materials in harsh environments, such as chemical and marine processing, is positively influencing the market growth. Apart from this, there has been a rise in civil construction which comprises of roads, airports, bridges, buildings, and related structures. As a result, construction composites are widely used for the rehabilitation of old concrete structures as they have better acoustic and thermal insulation properties. Furthermore, key players are extensively investing in research and development (R&D) activities in order to expand their consumer base. Moreover, technological advancements in the construction composites industry, such as better manufacturing procedures, development of new materials, and the introduction of new applications, are anticipated to create a positive market outlook in the coming years.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global construction composites market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on fiber type, resin type, and end use.Fiber Type Insights:
- Carbon Fiber
- Glass Fiber
- Others
Resin Type Insights:
- Thermoplastic
- Thermoset
End Use Insights:
- Industrial
- Commercial
- Residential
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global construction composites market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aegion Corporation, Bedford Reinforced Plastics, Exel Composites Oyj, Fibergrate Composite Structures Incorporated (RPM International Inc.), Gurit Holding AG, Jiangsu Jiuding New Material Company Ltd., Owens Corning, Schock Bauteile GmbH, SGL Carbon SE, Strongwell Corporation, UPM Biocomposites, etc.Key Questions Answered in This Report
1. How big is the global construction composites market?2. What is the expected growth rate of the global construction composites market during 2024-2032?
3. What are the key factors driving the global construction composites market?
4. What has been the impact of COVID-19 on the global construction composites market?
5. What is the breakup of the global construction composites market based on the fiber type?
6. What is the breakup of the global construction composites market based on the resin type?
7. What is the breakup of the global construction composites market based on the end use?
8. What are the key regions in the global construction composites market?
9. Who are the key players/companies in the global construction composites market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Construction Composites Market
6 Market Breakup by Fiber Type
7 Market Breakup by Resin Type
8 Market Breakup by End Use
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aegion Corporation
- Bedford Reinforced Plastics
- Exel Composites Oyj
- Fibergrate Composite Structures Incorporated (RPM International Inc.)
- Gurit Holding AG
- Jiangsu Jiuding New Material Company Ltd.
- Owens Corning
- Schock Bauteile GmbH
- SGL Carbon SE
- Strongwell Corporation
- UPM Biocomposites
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 5.5 Billion |
| Forecasted Market Value ( USD | $ 8.1 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
