According to IMARC Group’s latest research report, titled “Construction Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the construction composites market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global construction composites market size reached US$ 5.27 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.07 Billion by 2028, exhibiting a growth rate (CAGR) of 4.72% during 2023-2028.
Construction Composites Market Outlook:
Construction composites are types of material that are widely utilized in the construction industry to build and reinforce structures. They are typically manufactured of two or more combined components to create a stronger, lighter, and more durable material. Additionally, they are usually designed to provide specific properties that are beneficial to the construction process and the end product. For instance, some construction composites are designed to be waterproof and resistant to ultraviolet light, while others are designed to be lightweight and impact resistant. They are cost-effective and environmentally friendly solutions than traditional building materials and can be used to create custom shapes and sizes.
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Construction Composites Market Trends:
The growing prevalence of infectious diseases majorly drives the global market. Along with this, the increasing understanding among individuals about the importance of hand hygiene, especially in healthcare settings, is another major growth-inducing factor. In addition, numerous governments and regulatory bodies are initiating campaigns to encourage the uptake of effective hygiene measures is contributing to the market of hand hygiene solutions in hospitals. Moreover, the introduction of fresh and innovative hand hygiene solutions, including contactless hand sanitizer dispensers, which are more effective and convenient than traditional hand hygiene methods, is creating a positive market outlook.
Key Market Segmentation:
Competitive Landscape with Key Players:
- 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
Fiber Type Insights:
- Carbon Fiber
- Glass Fiber
Resin Type Insights:
End Use Insights:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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