Construction composite materials are made from plastic polymer resins and strong fibers. The materials have high specific strength and are lightweight. These qualities contribute to their low cost and reduced construction time. They can be molded into any shape, including curved shapes. Some are even waterproof. Construction composite materials are ideal for outdoor and marine applications. Building with construction composite materials is an excellent way to reduce the impact of construction on the environment. This material can be easily molded into any shape and can be used in different construction processes. It can replace wood, concrete, and metals, which have their limitations. It is also more environmentally friendly, since it can be recycled or made from bio-based materials.
Market Dynamics:
Rise in use of composites in construction applications, increasing urbanization as well as economic growth of developing countries, long lifecycle and low cost of maintenance, and increasing development of new products are the factors that are fueling growth of the global construction composite market during the forecast period. Furthermore, growing demand for pultruded profiles is expected to offer growth opportunities in the market.
However, high initial production cost and installation cost of composites, and availability of low-cost alternatives are likely to impede growth of the global construction composite market during the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global construction composite market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global construction composite market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Aegion Corporation, Exel composites, Gurit, Hexcel Corporation, Kordsa Teknik Tekstil AŞ, TORAY INDUSTRIES INC., Mitsubishi Chemical Corporation, Nippon Electric Glass Co. Ltd., Owens Corning, SGL Carbon, and Teijin Limited.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global construction composite market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global construction composite market
Detailed Segmentation:
- Global Construction Composite Market Resin Type:
- Polyester Resin
- Vinyl Ester
- Polyethylene
- Polypropylene
- Epoxy Resin
- Other Resin Types
- Global Construction Composite Market Fiber Type:
- Carbon Fibers
- Glass Fibers
- Natural Fibers
- Other Fiber Types
- Global Construction Composite Market End-Use Sector:
- Industrial
- Commercial
- Housing
- Civil
- Global Construction Composite Market Geography:
- Asia-Pacific
- North America
- Europe
- South America
- Middle East & Africa
- Company Profiles:
-
- Aegion Corporation
- Exel composites
- Gurit
- Hexcel Corporation
- Kordsa Teknik Tekstil AŞ
- TORAY INDUSTRIES INC.
- Mitsubishi Chemical Corporation
- Nippon Electric Glass Co. Ltd
- Owens Corning
- SGL Carbon
- Teijin Limited