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Global Construction Composites market is expected to reach USD 8.86 billion in 2025 at a CAGR of 6.14% from 2018 to 2025. Increasing adoption of composites in the construction industry and properties of having low maintenance cost and long life are forecasted to propel the demand. Also, rapid urbanization and ongoing infrastructure boom in emerging economies around the world is driving the construction composites market globally.
Market Overview:
An engineered combination of materials that results in a finished material with better overall properties than the starting constituents is known as composite material. Due to their properties of being extremely durable, low eight, impact resistant, high strength to weight ratio, corrosion resistant, heat resistant construction composites have found wider acceptability in the construction industry. Due to these superior construction composites are also increasingly replacing traditional construction materials like wood, aluminum resulting in increased demand.
Report Description:
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Construction Composites Market Key Findings:
The Construction Composites Market is segmented on the basis of Fiber type, Resin type and applications.
Fiber type segment is further subcategorized into Carbon Fiber, Glass Fiber and other. Revenue wise, the carbon fiber segment is expected to achieve a market share of about 42% by 2025 on account of its properties of high tensile strength, high chemical resistance, low thermal expansion ratio, high temperature tolerance, high chemical resistance and lightweight being utilized for product manufacturing. Glass fibers are increasingly replacing the carbon fibers and are expected to grow at a CAGR of nearly 7.47% during forecast period. Glass fibers are increasingly replacing the carbon fibers and are expected to grow at a CAGR of nearly 7.47% during forecast period due to being cheaper and less brittle than carbon fiber.
Resin type is further segmented as Thermoset and thermoplastic type. The thermoplastic segment is expected to growth at nearly 7.15% CAGR owing to its properties of being less expensive, weldable, non-toxic, recyclable, improved toughness. On the other hand thermoset segment is projected to grow at sluggish 5.89% CAGR forecast period due to it being expensive and non-recyclable.
Application segment is divided into residential, commercial, industrial and others. The industrial application accounted for the largest share of the Construction composites with nearly 39% of total revenues in 2017. The reason for this dominant share is the anti-corrosion and moisture-proof properties of construction composites making them suitable for application areas such as stairways, walkways, trash gates, gratings. The residential application was the second-largest segment. This can be attributed to the increasing residential construction and infrastructure development activities in emerging economies.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region dominated the demand for global construction composites with 34.29% of total market by revenue in 2017 followed by North America and Europe.
Global Construction Composites Market Competitive Analysis:
The key players in Construction Composites Market are Advanced Environmental Recycling Technologies, Inc. (U.S.), Bedford Reinforced Plastics (U.S.), Diversified Structural Composites (U.S.), Exel Composites Oyj (Finland), Hughes Brothers, Inc. (U.S.), Jamco Corporation (Japan), Schoeck International (Germany), Strongwell Corporation (U.S.), Trex Company, Inc. (U.S.) and UPM Biocomposites (Finland) and others. Composite construction materials are finding innovative applications in various fields on account of their superior properties. For instance Edotco Group based in Malaysia installed the first carbon fibre telecommunications tower in the region. The tower which has been installed in Taman Tasik Prima, Puchong is 70% lighter than a conventional steel tower whilst being 10 times stronger. In addition the company also said it was up to 50% faster to install and the anti-corrosive will contribute towards lower maintenance costs over the lifespan of the structure. These features result in lower total cost of ownership of 20%. As the company gains more experience in the deployment of carbon fibre towers, customisation requirements will lessen, bringing the company closer to its target of 40% in TCO reduction.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Billion) {Market Size} Volume (Kilotons) |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2016 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the Global Construction Composites Market on the basis of below mentioned segments:
Global Construction Composites Market by Fiber Type:
Global Construction Composites Market by Resin type:
Global Construction Composites Market by Applications:
Global Construction Composites Market by Region:
List of Table
List of Figures
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance
Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
Thank you very much for your assitance and I will be looking forward to another opportunity for cooperation.
Dear Siddhartha, The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us. Thanks for all your help!
Hi Siddhartha-san, Many thanks for sending trade map with final report. Best regards,
Hello Sapna,
Thanks for the report. We've been going through it and see some good data on the market and players.
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