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Pulished Date February, 2020
ID: 8427
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Construction Composites Market by Fiber Type (Carbon, and Natural Fiber), Resin Type (Polyester, Vinyl Ester, Polyethylene and Polypropylene), Application (Industrial, Commercial, Housing and Civil) - Global Forecast to 2025

Pulished: February, 2020
ID: 8427
Pages: 170

Construction Composites Market Size, Share & Forecast (2020 - 2025)

The global Construction Composites Market is predicted to reach USD 8.51 billion in 2025, with a CAGR of 6.11%, from 2020 to 2025. \

Composites also have properties such as better insulation and better weather control Water. water, thermal resistance and reuse. These make it a preferred option for use in the construction industry. Composites can maintain the integrity of the construction in which they are employed even under difficult conditions. Composite materials employed in construction come in many forms like fiber composites and resin composites. The main application segments of the construction composites market include commercial, residential and civil and industrial building structures. The products are specially designed for environments exposed to corrosion, heat and pressure. Composites offer a longer life than other materials. For example, in factories, railings employed on walkways were previously made of steel or other metals. Due to constant exposure to heat and other environmental conditions, they corrode easily and need to be repainted and polished from time to time. Since the products are resistant to heat and humidity, they do not corrode and last longer without requiring regular maintenance.

Building composites are made from a combination of two materials and the final materials produced have better properties compared to the combined materials. These compounds are employed in the construction and repair of a wide variety of infrastructure applications, from bridges and buildings to roads and railways. An increase in call for better building materials with more durability, corrosion resistance, heat resistance, etc. ensured strong market expansion during the foreseen period. And the development of new products and their use for better results has also escalated the call in the global construction composites market.

Construction Composites Market Trends:

The global construction composites market is predicted to grow over the foreseen period (2020-2025) due to its high strength-to-weight ratio, heat resistance and light weight, which would increase the fuel efficiency of vehicles and provide stability structural of aircraft, which would lead to high call from the aerospace and defense sectors. Additionally, the building composites market is predicted to grow during the foreseen period due to the escalating penetration of composites in the construction industry, their longevity, and low maintenance costs.

Recent Developments 

  • BEL introduces latest compounding making and testing facility in the city of Mumbai.

  • Composites UK will launch its Construction Sector Group (CSG) to provide a discussion forum on Fiber Reinforced Polymer Composites (FRP) in construction. The CSG will operate similarly to the Network Group for Composites in Construction (NGCC), which was dissolved into its AGM in April this year, but with a renewed focus and as part of Composite UK, giving access to members. a wider range of benefits of having a Composites UK membership

Construction Composites Market Drivers

The worldwide market for construction composites is driven primarily by heavy infrastructure investments in developing countries such as China and India. The long service life, low maintenance, corrosion resistance, heat resistance, light weight and other advantages of the building compound have also attracted attention for its use in the construction industry. Composite materials play an essential role in the production and design of complex components in industrial and civil applications. The possibilities of using composite building materials in industries provide many opportunities for the market to prosper regionally. Composites have the property of resisting highly corrosive fluids and extreme environmental conditions such as pressure, soil conditions, temperature and inclement weather.

Opportunities in the Construction Composites Market

The global construction composites market is predicted to experience steady expansion over the foreseen period, due to the superior qualities and performance they offer, and the changing trends involved in the construction-related business.

Challenges in the Construction Composites Market

However, the availability of low-cost substitutes on the market and the high R&D cost for the development of these construction composites have slowed the expansion of construction composites.

Construction Composites Market Segmentation as per the research report until 2025.

Construction Composites Market - By Fiber Type

  • Carbon
  • Natural fiber
  • Glass fiber

Glass fiber is the primary type of fiber employed for a variety of composite construction applications, such as industrial, commercial, residential, and civil applications.

Construction Composites Market - By Resin Type

  • Polyester
  • Vinyl ester
  • Polyethylene
  • Polypropylene

Construction Composites Market - By Application

  • Industrial
  • Commercial
  • Housing
  • Civil

Industrial Composites utilize glass fiber reinforced polymers and offer complete solutions.

Construction Composites Market - By Region

  • North America.

  • Europe 

  • Asia Pacific

  • Latin America 

  • Middle East & Africa 

North America is predicted to be the fastest growing market for construction composites during the foreseen period. Factors such as escalating urbanization and industrialization, along with long service life and low need for maintenance, are predicted to drive call for composites in existing applications such as civil, commercial and industrial applications in this region. Asia-Pacific is predicted to be the largest consumer of construction composites during the foreseen period due to escalating expansion in various end-use sectors such as energy and electronics, construction and infrastructure. and improvement of transportation facilities in the region. China, India, Sweden, the UK, the US, Brazil and Malaysia are important markets for construction composites due to rapid industrialization. APAC has the largest market share of the construction composites market due to economic expansion and escalated activity in infrastructure and industrial development in developing countries such as China and India. Another important region for market expansion is the increase in urbanization in the region. Urbanization in India began to accelerate due to the country's adoption of a mixed economy, which resulted in the development of the private sector. However, North America lags behind APAC in terms of market share in the construction composites due to large investments for infrastructure development and also due to the increase in urban population which increases call in the area of residential construction.

Competitive Landscape:

The worldwide market for construction composites is fragmented with the presence of several worldwide and regional players in the market. The growing call for custom components in the construction industry has led industry participants to integrate their portfolios with downstream production technologies. The use of composite building materials is approved by various governing bodies and can be employed within the required restrictions and regulations. Manufacturers must strictly adhere to regulations related to the Toxic Substances Control Act and the Air Quality Act, which specify the chemical and physical hazards of formaldehyde, which is emitted during the production of compounds.

Some of the key players prevailing in the global 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. These players have adopted various organic and inorganic developmental strategies during the past five years.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Fiber Type                   

                                5.1.1 Introduction           

                                5.1.2 Carbon      

                                5.1.3 Natural Fiber          

                                5.1.4 Y-o-Y Growth Analysis, By Fiber Type          

                                5.1.5 Market Attractiveness Analysis, By Fiber Type        

                                5.1.6 Market Share Analysis, By Fiber Type          

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Industrial 

                                5.2.3 Commercial            

                                5.2.4  Housing   

                                5.2.5 Civil            

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

                5.3 Resin Type                  

                                5.3.1 Introduction           

                                5.3.2 Polyester 

                                5.3.3 Vinyl Ester               

                                5.3.4 Polyethylene         

                                5.3.5 Polypropylene       

                                5.3.6 Y-o-Y Growth Analysis, By Resin Type         

                                5.3.7 Market Attractiveness Analysis, By Resin Type       

                                5.3.8 Market Share Analysis, By Resin Type         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Fiber Type

                                                6.1.3.3 By Application

                                                6.1.3.4 By Resin Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Fiber Type

                                                6.1.4.3 By Application

                                                6.1.4.4 By Resin Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Fiber Type

                                                6.1.5.3 By Application

                                                6.1.5.4 By Resin Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Bedford Reinforced Plastics                                

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Advanced Environmental Recycling Technologies, Inc.                            

                8.3 Diversified Structural Composites                     

                8.4 Hughes Brothers, Inc.                            

                8.5 Exel Composites Oyj                               

                8.6 Jamco Corporation                  

                8.7 Strongwell Corporation                         

                8.8 Schoeck International                            

                8.9 UPM Biocomposites                               

                8.10 Trex Company, Inc.                               

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by fiber type,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Construction Composites Market By Region, From 2018-2023 ( USD Billion )

  2. Global Construction Composites Market By Fiber Type , From 2018-2023 ( USD Billion )

  3. Global Carbon Market By Region, From 2018-2023 ( USD Billion )

  4. Global Natural Fiber Market By Region, From 2018-2023 ( USD Billion )

  5. Global  Market By Region, From 2018-2023 ( USD Billion )

  6. Global  Market By Region, From 2018-2023 ( USD Billion )

  7. Global  Market By Region, From 2018-2023 ( USD Billion )

  8. Global  Market By Region, From 2018-2023 ( USD Billion )

  9. Global  Market By Region, From 2018-2023 ( USD Billion )

  10. Global  Market By Region, From 2018-2023 ( USD Billion )

  11. Global Construction Composites Market By Application , From 2018-2023 ( USD Billion )

  12. Global Industrial Market By Region, From 2018-2023 ( USD Billion )

  13. Global Commercial Market By Region, From 2018-2023 ( USD Billion )

  14. Global  Housing Market By Region, From 2018-2023 ( USD Billion )

  15. Global Civil Market By Region, From 2018-2023 ( USD Billion )

  16. Global  Market By Region, From 2018-2023 ( USD Billion )

  17. Global  Market By Region, From 2018-2023 ( USD Billion )

  18. Global  Market By Region, From 2018-2023 ( USD Billion )

  19. Global Construction Composites Market By Resin Type , From 2018-2023 ( USD Billion )

  20. Global Polyester Market By Region, From 2018-2023 ( USD Billion )

  21. Global Vinyl Ester Market By Region, From 2018-2023 ( USD Billion )

  22. Global Polyethylene Market By Region, From 2018-2023 ( USD Billion )

  23. Global Polypropylene Market By Region, From 2018-2023 ( USD Billion )

  24. Global  Market By Region, From 2018-2023 ( USD Billion )

  25. Global  Market By Region, From 2018-2023 ( USD Billion )

  26. Global Construction Composites Market By , From 2018-2023 ( USD Billion )

  27. Global  Market By Region, From 2018-2023 ( USD Billion )

  28. Global  Market By Region, From 2018-2023 ( USD Billion )

  29. Global  Market By Region, From 2018-2023 ( USD Billion )

  30. Global  Market By Region, From 2018-2023 ( USD Billion )

  31. Global  Market By Region, From 2018-2023 ( USD Billion )

  32. Global  Market By Region, From 2018-2023 ( USD Billion )

  33. Global  Market By Region, From 2018-2023 ( USD Billion )

  34. Global  Market By Region, From 2018-2023 ( USD Billion )

  35. Global Construction Composites Market By , From 2018-2023 ( USD Billion )

  36. Global  Market By Region, From 2018-2023 ( USD Billion )

  37. Global  Market By Region, From 2018-2023 ( USD Billion )

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  39. Global  Market By Region, From 2018-2023 ( USD Billion )

  40. Global Construction Composites Market By , From 2018-2023 ( USD Billion )

  41. Global  Market By Region, From 2018-2023 ( USD Billion )

  42. Global  Market By Region, From 2018-2023 ( USD Billion )

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