Global Construction Composites Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
MarketResearch.biz delivers in-depth insights on the global construction composites market in its upcoming report titled, “Global Construction Composites Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global construction composites market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The construction composites market report has been segmented on the basis of resin type, fiber type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Composite materials are combination of two or more materials that results in material with better and advanced properties. Composite materials are widely used in various industries such as automotive, construction, aerospace, marine, and energy owing to properties such as heat resistance, durability, low weight, strength, corrosion resistance, design flexibility, impact resistance, and insulation properties.
On the basis of resin type, thermoset resin segment is estimated to be largest resin type segment in the global construction composites market. Thermoset resin includes vinyl ester resin, polyester resin, and epoxy resin. These type of resins are in liquid state at room temperature which allows easier production of fibers such as glass and carbon fibers.
On the basis of fiber type, carbon fiber segment is estimated to hold major revenue share in the global construction composites market and is expected to maintain its dominance over the forecast period. The properties of carbon fibers such as high stiffness, high-temperature tolerance, low thermal expansion, high chemical resistance, high tensile strength, and lightweight have led to wide use of this material for product manufacturing.
On the basis of application, industrial application segment is estimated to hold major revenue share in global construction composites market over the forecast period. Construction composites are used in walkways, stairways, gratings, trash gates, and ladders in the industrial application segment. Properties of construction composites such as moisture-proof and anti-corrosion are expected to be major factors driving market growth.
Asia Pacific market is estimated to hold significant revenue share in the global construction composites market, in 2017 and is expected to maintain its dominance over the forecast period. Increasing demand for construction composites in countries such as China and India owing to growing construction industry is anticipated to fuel market growth over the forecast period. Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Industrial growth in countries in the region is expected to drive market growth over next ten years.
Market segmentation and key players operating in the global construction composites market:
By resin type:
By fiber type:
- Carbon fiber
- Glass fiber
- Others (Basalt fiber and Natural Fiber)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Advanced Environmental Recycling Technologies, Inc.
- Strongwell Corporation
- Trex Company, Inc.
- Fibergrate Composite Structures, Inc.
- Diversified Structural Composites, Inc.
- Jiangsu Jiuding New Material Co., Ltd.
- UPM-Kymmene, Inc.
- Tamko Building Products, Inc.
- Fiberon LLC
- Bedford Reinforced Plastics
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