PUBLISHER: IMARC | PRODUCT CODE: 1422877
PUBLISHER: IMARC | PRODUCT CODE: 1422877
Construction Composites Market by Fiber Type (Carbon Fiber, Glass Fiber, and Others), Resin Type (Thermoplastic, Thermoset), End Use (Industrial, Commercial, Residential), and Region 2024-2032
Abstract
The global construction composites market size reached US$ 5.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.12% during 2024-2032. 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.
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:
IMARC Group 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 2024-2032. Our report has categorized the market based on fiber type, resin type, and end use.
Fiber Type Insights:
Carbon Fiber
Glass Fiber
Others
The report has provided a detailed breakup and analysis of the construction composites market based on the fiber type. This includes carbon fiber, glass fiber, and others. According to the report, carbon fiber represented the largest segment.
Resin Type Insights:
Thermoplastic
Thermoset
A detailed breakup and analysis of the construction composites market based on the resin type has also been provided in the report. This includes thermoplastic and thermoset. According to the report, thermoset accounted for the largest market share.
End Use Insights:
Industrial
Commercial
Residential
The report has provided a detailed breakup and analysis of the construction composites market based on the end use. This includes industrial, commercial, and residential. According to the report, industrial sector held the majority of the overall market share.
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for construction composites. Some of the factors driving the Asia Pacific construction composites market included significant growth in the construction industry, increasing infrastructure projects, including bridges and roads, several initiatives undertaken by government promoting green construction, etc.
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 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Construction Composites Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fiber Type
- 6.1 Carbon Fiber
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Glass Fiber
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Resin Type
- 7.1 Thermoplastic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Thermoset
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Industrial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Residential
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aegion Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 SWOT Analysis
- 14.3.2 Bedford Reinforced Plastics
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Exel Composites Oyj
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Fibergrate Composite Structures Incorporated (RPM International Inc.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Gurit Holding AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Jiangsu Jiuding New Material Company Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Owens Corning
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Schock Bauteile GmbH
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 SGL Carbon SE
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Strongwell Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 UPM Biocomposites
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Aegion Corporation
List of Figures
- Figure 1: Global: Construction Composites Market: Major Drivers and Challenges
- Figure 2: Global: Construction Composites Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Construction Composites Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Construction Composites Market: Breakup by Fiber Type (in %), 2023
- Figure 5: Global: Construction Composites Market: Breakup by Resin Type (in %), 2023
- Figure 6: Global: Construction Composites Market: Breakup by End Use (in %), 2023
- Figure 7: Global: Construction Composites Market: Breakup by Region (in %), 2023
- Figure 8: Global: Construction Composites (Carbon Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Construction Composites (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Construction Composites (Glass Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Construction Composites (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Construction Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Construction Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Construction Composites (Thermoplastic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Construction Composites (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Construction Composites (Thermoset) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Construction Composites (Thermoset) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Construction Composites (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Construction Composites (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Construction Composites (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Construction Composites (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Construction Composites (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Construction Composites (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: United States: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: United States: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Canada: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Canada: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia-Pacific: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia-Pacific: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: China: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: China: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Japan: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Japan: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: India: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: India: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: South Korea: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: South Korea: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Australia: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Australia: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Indonesia: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Indonesia: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Others: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Others: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Germany: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Germany: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: France: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: France: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: United Kingdom: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: United Kingdom: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Italy: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Italy: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Spain: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Spain: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Russia: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Russia: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Latin America: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Latin America: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Brazil: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Brazil: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Mexico: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Mexico: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Others: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Others: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Middle East and Africa: Construction Composites Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Middle East and Africa: Construction Composites Market: Breakup by Country (in %), 2023
- Figure 72: Middle East and Africa: Construction Composites Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Global: Construction Composites Industry: Drivers, Restraints, and Opportunities
- Figure 74: Global: Construction Composites Industry: Value Chain Analysis
- Figure 75: Global: Construction Composites Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Construction Composites Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Construction Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2024-2032
- Table 3: Global: Construction Composites Market Forecast: Breakup by Resin Type (in Million US$), 2024-2032
- Table 4: Global: Construction Composites Market Forecast: Breakup by End Use (in Million US$), 2024-2032
- Table 5: Global: Construction Composites Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Construction Composites Market: Competitive Structure
- Table 7: Global: Construction Composites Market: Key Players
