Global Construction Composites Market Overview:
Composite construction is building materials of dissimilar kinds and often used in building construction, aircraft and other architectural structures. These materials are used owing to their ability such as increased strength, aesthetics, and environmental sustainability. Some of the widely used composites are fiberglass, ceramic matrix composite and other advance materials. Despite several innovations in composite technology, high recurring cost still poses a challenge in its market growth. As per latest AMA study, the Global Construction Composites market is expected to see growth rate of 5.8% and may see market size of USD7.83 Billion by 2027.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Advanced Environmental Recycling Technologies [United States], CPG International [United States], Fiberon [United States], Trex Company [United States], UPM [Finland], Bedford Reinforced Plastics [United States], Diversified Structural Composites [United States], Exel Composites [Finland], faigle Kunststoffe [Austria], Fibergrate Composite Structures [United States], FIBROLUX [Germany], Jiangsu Jiuding New Material [China], Pultron Composites [New Zealand], Schoeck International [Germany] and STRONGWELL CORPORATION [United States] |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Use of Composite Materials in Construction Industry
- Durable and Low Maintenance Cost
Roadblocks
- High Processing and Manufacturing Cost
- Chances of Failure in Composite to Metal Joining
Opportunities
- Growing Industrialization and Urbanization In Emerging Countries
- Ability to Produce Composite at Mass Level in Construction Industry
Challenges
- Complex and Labor Intensive Fabrication
- Difficulty in Identifying Internal Failure
Competitive Landscape:
8.22 Billion by 2023, at a CAGR of over 6%,
Some of the key players profiled in the report are Advanced Environmental Recycling Technologies [United States], CPG International [United States], Fiberon [United States], Trex Company [United States], UPM [Finland], Bedford Reinforced Plastics [United States], Diversified Structural Composites [United States], Exel Composites [Finland], faigle Kunststoffe [Austria], Fibergrate Composite Structures [United States], FIBROLUX [Germany], Jiangsu Jiuding New Material [China], Pultron Composites [New Zealand], Schoeck International [Germany] and STRONGWELL CORPORATION [United States]. Additionally, following companies can also be profiled that are part of our coverage like Advanced Composites [United States], ADVANCED Fiberglass Industry LLC [United Arab Emirates], Composite Engineering & Design [United Kingdom], KCC CORPORATION [South Korea], PPG Industries [United States], Saint-Gobain [France], China Beihai Fiberglass [China] and Braj Binani Group [india]. Analyst at AMA Research see United States Vendors to retain maximum share of Global Construction Composites market by 2027. Considering Market by Resin Type, the sub-segment i.e. Polyester Resin will boost the Construction Composites market.
Latest Market Insights:
April 2018 - : Exel Composites established its presence in North America through the acquisition of diversified structural composites (DSC) Inc. in Erlanger, Ky. DSC mostly used to make carbon and glass fiber reinforced thermoset products.
What Can be Explored with the Construction Composites Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Construction Composites Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Construction Composites
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Construction Composites market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Construction Composites market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Construction Composites Manufacturers, Traders, Distributors, and Suppliers, Raw Material Suppliers, Industry Associations and Experts, Research Organizations and Consulting Companies, Research Institutes, Industry Associations and Market Research and Consulting Firm.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.