Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the composite repair and rehab in the global construction industry market looks promising with opportunities in civil infrastructure, existing and historic buildings, and parking structures applications. The composite repair and rehab in the global construction industry market is expected to reach an estimated $255.0 million by 2027 with a CAGR of 4.5% from 2021 to 2027.

The major driver for this market is with the increase in seismic activities in North America and Japan regions resulting in major structural damages like old and obsolete buildings, bridges, highways, tunnels, parking structure etc.

In this market, carbon fiber composite, and glass fiber composites are the major fibers utilize to manufacture composites system for repair and rehab for construction industry. Lucintel forecasts that carbon fiber composites is expected to remain the largest fiber type by value and volume due to low cost, high resistance properties and chemical stability. It is also expected to witness the highest growth in the forecast period due to low cost, high resistance properties and chemical stability.

Within the composites repair and rehab in the global construction industry, civil infrastructure will remain the largest application by value and value due to high performance of FRP materials than conventional concrete and steel repair material in bridges, highways and tunnels resulting in increase in service life, reduction in maintenance costs, faster construction, and can allow increased vehicular load on equivalent sized structures because of weight reduction. Civil infrastructure is also expected to witness the highest growth during the forecast period, ongoing construction and rehabilitation of old or obsolete bridges, tunnels and highways.

North America is expected to remain the largest market for composites repair and rehab in the global construction industry because of growth in infrastructural repair and rehab, especially in California which is the most affected state of natural calamities. APAC is expected to witness the highest growth over the forecast period because of frequently occurring earthquake and seismic activity and therefore, the need for lighter construction materials, and more seismic resistant structures.

Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing bio & recycled content in repair and rehab of civil infrastructures, and development of new fire-resistant polymers to improve fire performance of composites for civil infrastructural applications. Aegion, Sika, Mapei, Simpson, and Master Builders Solutions are among the major system manufacturers for the composites repair and rehab in the global construction industry.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the composite repair and rehab in the global construction industry market by application, fiber type, end use, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Composite Repair and Rehab in the Global Construction Industry 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the composite repair and rehab in the global construction industry market by application, fiber type, end use, and region as follows:

















 

This 239-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/repair-and-rehab-in-the-global-construction-industry.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

 

Q.1 What are some of the most promising potential, high growth opportunities for the composite repair and rehab in the global construction industry market by application (civil infrastructure, existing and historic buildings, parking structures and others), fiber type (carbon fiber composite, glass fiber composites and others), end use (civil, and residential) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?