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Composites in the Global Construction Market Trends and Forecast

The future of the composites material in composites in the global construction market looks promising with opportunities in in FRP panels and sheets, FRP grating and decking, FRP doors and windows, FRP bathtubs, FRP rebar, FRP utility poles, FRP cooling towers, FRP ladders and ladder rails, FRP swimming pools, FRP structural shapes applications. Composites in the global construction market is expected to reach an estimated $34 billion by 2030 with a CAGR of 3% 2023 to 2030. The major growth drivers for this market are the increasing residential and commercial construction and growth in remolding activities.

Composites in the Global Construction Market

Composites in global construction are made from key raw materials: resin matrices like polyester, vinyl ester, and epoxy, which provide the binding agent; reinforcing fibers such as glass, carbon, and aramid for enhanced strength; fillers like calcium carbonate and silica to improve properties and reduce costs; additives including UV stabilizers and fire retardants for performance and durability; and core materials like foam and honeycomb structures for lightweight, strong sandwich panels. The price of composites in global construction is generally higher than traditional materials like concrete and steel. However, their superior durability, lightweight properties, and reduced maintenance costs can lead to long-term savings, making them increasingly competitive and appealing for high-performance and sustainable construction applications.
  • Lucintel forecasts that FRP bathtubs will remain the largest application segment over the forecast period due to the increase in the housing construction increase in the demand for luxury plumbing fixtures, and rise in household income.
  • Spray-Up in composites in the global construction market will remain the largest manufacturing process over the forecast period due to its wide variety of applications in different end use industries.
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to rapid industrialization, increasing urbanization, and growing per capita income in the emerging countries is giving rise to residential and commercial construction.

Country wise Outlook for the Composites in the Global Construction Market

Composites in the global construction market is witnessing substantial growth globally, driven by increased demand from various industries such as FRP panel, FRP bathtub, FRP doors and windows, and FRP cooling towers, etc. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major composites in the global construction producers in key regions: the USA, Germany, China, and Japan.

Composites in the Global Construction Market by Country

Emerging Trends in Composites in the Global Construction Market

Emerging trends in composites in the global construction market shaping its future applications and market dynamics:
  • Increasing in Bio-Based Composites: A growing number of people are becoming interested in bio-composites made from natural fibers such as flax, hemp or jute. They offer a sustainable alternative to traditional composites that helps in reducing damage caused on the environment. Non-structural applications are where bio-based composites have found more use like cladding, insulation and interior design components.
  • Advanced Manufacturing Techniques: The production process for composite materials is being revolutionized by techniques such as 3D printing, automated fiber placement (AFP), and robotic assembly. These advanced manufacturing techniques allow for more intricate and bespoke designs reduce material wastage and improve productivity rate. The expected increase in use of these technologies in the construction industry can be attributed to their increasing accessibility.
  • Lightweight Construction: The demand for lightweight materials in construction has grown mainly due to reduced transport costs, ease of handling as well as faster installation time frames. Applications that require lowering weight without compromising the strength of structures find it ideal to use composites which have a high strength-to-weight ratio.
  • Enhanced Fire-Resistant Composites: Fire safety is one of the major concerns within construction industry. Recent improvements in fire resistant composites make them more feasible for application as part of buildings’ elements such as panels, facades or structural members. In order to pass strict fire resistance regulations without losing mechanical properties these improved compounds are manufactured. 


Composites in the Global Construction Market Emerging Trend

A total of 166 figures / charts and 107 tables are provided in this 307-page report to help in your business decisions. A sample figure with insights is shown below.
Composites in the Global Construction Market by Segments

Recent Developments in Composites in the Global Construction Market

Recent developments in composites in the global construction market which highlights ongoing innovations and advancements across different sectors:
  • Smart Composite Materials: Development of smart composites through the incorporation of sensor network for smart home and real-time data acquisition.
  • Eco-Friendly Composites: Innovations in bio-based resins and recycled fiber composites to encourage sustainability.
  • Modular Construction: Use of composites for prefabricated modular building elements has increased, promoting faster and more efficient construction processes.
  • Improved Manufacturing Techniques: Automation like 3D printing and pultrusion are leading to high precision, less costly composite manufacturing.

Strategic Growth Opportunities for Composites in the Global Construction Market

Composites in the global construction market is very dynamic due to its unique properties of being lightweight, strong and thermally stable. Some key strategic growth opportunities for this market include:
  • Emerging Markets Expansion: Urbanization and infrastructural development are rapidly taking place in emerging markets in Asia, Africa and Latin America. New demand for advanced building materials can be tapped into by targeting these regions. Thus, developing inexpensive composite offerings that match such market’s needs can drive their acceptance taking into account the regulatory environment. These actions would help other people to familiarize themselves with composite constructions.
  • Green Building Initiatives: Composites offer energy efficiency and have a low carbon footprint and they are recyclable hence an opportunity for them as global construction moves towards sustainability. This is one way of ensuring composites are considered as preferred sustainable material through conformity with green building certification programs like the LEED or BREEAM. These ecological merits can make developers interested in constructing green buildings go for it.
  • Infrastructure Rehabilitation and Upgrading: The majority of regions require long lasting materials for rehabilitation purposes due to old age of infrastructure. For instance, composites are suitable for bridge rehabilitation as well as corrosion resistant piping because they do not get affected by environmental factors easily. It is expected that where there are comprehensive case studies, illustrated real life examples showing how durable composite materials save money will serve this purpose best
  • Innovative Design and Customization: Composite materials have great design flexibility, which allows the creation of intricate forms and individual solutions. That could attract architects who need new substances to realize their own architectural ideas. Finally, investment in modern manufacturing techniques like 3D printing could enable production of personalized components made from composite. All these factors may lead to increased application of composites in construction.
  • Partnerships with Technology Firms: By combining smart technologies with composites; more value can be added to this material group. A situation whereby technology firms partner with each other to put sensors within composite structures would provide data on the healthiness of those later on alongside other issues such as maintenance operations done on them. This is what would make these from traditional materials different and appeal to higher technology construction projects.

Composites in the Global Construction Market Driver and Challenges

The changing market dynamics are being driven by the demand for high demand for lightweight materials, durability and resistance to corrosion, and design flexibility. However, challenges like high initial cost and material availability and supply chain issues.
 
The factors responsible for driving composites in the global construction market include:
  1. High Demand for Lightweight Materials: Composites offer better strength-to-weight ratio than conventional materials such as steel and concrete. This feature makes them perfect for applications where weight reduction is highly essential without compromising the structural integrity.
  2. Durability and Resistance to Corrosion: Composites are strongly resistant to environmental factors like corrosion, chemical action, and UV exposure. This increases the lifespan of construction parts made from composites while reducing their maintenance costs.
  3. Design Flexibility: The molding of composites into difficult forms allows architects and engineers greater freedom in design. New architectural designs can be developed with this type of material that permit functional elements incorporated into the structure itself.
Challenges in the composites in the global construction market are:
  1. High Initial Costs: Composite materials production and installation can exceed traditional material expenses. This higher initial expenditure might dissuade many people from using such a material, particularly in cost conscious ventures.
  2. Material Availability and Supply Chain Issues: Sometimes availability of raw material for composites is limited while at other times supply chain disruptions can interrupt the flow of these materials into production. It can be really hard to get enough composite materials when large scale projects are required
The global construction market can take advantage of composites due to their several benefits such as stronger strength-to-weight ratios, better durability and flexibility in designs. For these reasons, the use of composite materials is very relevant in modern sustainable building projects to achieve efficiency. However, there are obstacles that must be overcome for this material type to become more prevalent i.e. high start up costs, scanty knowledge on same and policy bottlenecks. As the industry continues changing with long-term performance information becoming available, integration of composites into construction processes will increase promoting innovation and moving towards more resilient sustainable buildings.

Composites in the Global Construction Suppliers and their Market Shares

In this globally competitive market, several key players such as Strongwell, Bedford Reinforced Plastics, Lamilux Heinrich Strunz Group, and Fibrosan etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composites in the global construction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites in the global construction companies profiled in this report include.
These companies have established themselves as leaders in composites in the global construction market, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations. 

The market share dynamics within composites in the global construction market are evolving, with the entry of new players and the emergence of innovative in composites in the global construction. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities

Composites in the Global Construction Market by Segment

Major segments of carbon fiber experiencing growth include aerospace for lightweight aircraft components, automotive for reducing vehicle weight and enhancing fuel efficiency, wind energy for durable turbine blades, sports equipment for performance enhancements, and industrial applications for infrastructure and marine uses due to its strength and corrosion resistance. These segments reflect increasing demand driven by technological advancements and sustainability goals across diverse industries.
Composites in the global construction market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including application, manufacturing process, resin and fiber. The report offers insights into regional dynamics, highlighting the major markets for carbon fiber and their growth potentials.
The study includes trends and forecast for composites in the global construction market by application, manufacturing process, resin, fiber, and region as follows:

Composites in the Global Composites in Construction Market by Application [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:

Composites in the Global Composites in Construction Market by Manufacturing Process [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:

  • Hand Lay- Up
  • Spray- UP
  • Resin Infusion
  • Filament Winding
  • Pultrusion
  • Injection Molding
  • Compression Molding
  • Prepreg Lay- Up
  • Others

Composites in the Global Composites in Construction Market by Resin [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:

Composites in the Global Composites in Construction Market by Fiber [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:

Composites in the Global Composites in Construction Market by Region [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Others
  • Rest of the World (ROW)
    • Saudi Arabia
    • Brazil
    • Iran
    • UAE
    • Others
Lucintel Analytics Dashboard

Features of Composites in the Global Construction Market

  • Market Size Estimates: Composites in the global construction market size estimation in terms of value ($M) and volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Market size by application, manufacturing process, resin, fiber, and region.
  • Regional Analysis: Composites in the global construction market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different application, manufacturing process, resin, fiber, and regions for composites in the global construction market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for composites in the global construction market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in composites in the global construction or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

Lucintel Consulting Services

Frequently Asked Questions (FAQ)

Q1. What is the composite in the global construction market size?
Answer: Composites in the global construction market is expected to reach an estimated $34 billion by 2030.     
Q2. What is the growth forecast for composites in the global construction market?
Answer: Composite in the global construction market is expected to grow at a CAGR of 3% from 2023 to 2030.     
Q3. What are the major drivers influencing the growth of composites in the global construction market?
Answer: The major growth drivers for this market are the high demand for lightweight materials, durability and resistance to corrosion, and design flexibility. 
Q4. What are the major applications or end use industries for composites in the global construction?
Answer: : FRP bathtub, FRP cooling towers, FRP doors and windows, and FRP structural shapes are the major applications for composites in the global construction market.  
Q5. What are the emerging trends in composites in the global construction market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing in bio-based composites, advanced manufacturing techniques, lightweight construction, and enhanced fire resistance composites.
Q6. Who are the key composites in the global construction companies?
Answer: Some of the key composites in the global construction companies are Strongwell Corporation, Bedford Reinforced Plastics, Lamilux Heinrich Strunz Holding GmbH & Co. KG, Fibrosan, Petrofisa do Brasil Ltda., Creative Composites Group, Valmont Industries, Geotek, Andersen, FiReP International AG, Exel Composites, Pultron Composites, Jeld-Wen, Leisure Pools etc.
Q7. Which composites in the global construction product segment will be the largest in future?
Answer: Lucintel forecasts that spray up will be the largest segment in composites in the global construction market over the forecast period due to its wide variety of used in different applications.
Q8. In composites in the global construction market, which region is expected to be the largest in next 7 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 7 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.


This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for composites in the global construction market by application (FRP panels and sheets, FRP grating and decking, FRP doors and windows, FRP bathtubs, FRP rebar, FRP utility poles, FRP cooling towers, FRP ladders and ladder rails, FRP swimming pools, FRP structural shapes, and others), resin (polyester based composites, vinyl ester based composites, epoxy based composites, phenolic based composites, polyurethane based composites and others), fiber (glass fiber composites, and carbon fiber composites and others), manufacturing process (hand layup, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay-up, and others), 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?

 
Table of Contents
1. Executive Summary

2. Composites in the Global Construction Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecasts
3.2: Composites in the Global Construction Market Trends and Forecast
3.3: Composites in the Global Construction Market by Application
3.3.1: FRP Panel
3.3.1.1: Exterior
3.3.1.2: Interior
3.3.2: FRP Gratings and Deckings
3.3.3: FRP Doors and Windows
3.3.4: FRP Rebars
3.3.5: FRP Utility Poles
3.3.6: FRP Bathtub
3.3.7: FRP Cooling Towers
3.3.8: FRP Swimming Pools
3.3.9: FRP Ladders and Ladder Rails
3.3.10: FRP Structural Shapes
3.3.11: Others
3.4: Composites in the Global Construction Market by Manufacturing Process
3.5: Composites Material in the Global Construction Market
3.5.1: Fiber
3.5.2: Resins
3.6: Flame Retardant Composites in Global Construction Market
3.6.1: Flame Retardant Composites Application in Global Construction Market

4. Market Trends and Forecast Analysis by Region
4.1: Composites in the Global Construction Market by Region
4.2: North American Composites in the Global Construction Market
4.2.1: Composites in the North American Construction Market by Application
4.2.2: Composites in US Construction Market
4.2.3: Composites in the Canadian Construction Market
4.2.4: Composites in the Mexican Construction Market
4.3: European Composites in the Global Construction Market
4.3.1: Composites in the European Construction Market by Application
4.3.2: Composites in the German Construction Market
4.3.3: Composites in the UK Construction Market
4.3.4: Composites in the Italian Construction Market
4.3.5: Composites in the French Construction Market
4.3.6: Composites in the Spanish Construction Market
4.3.7: Composites in the Other European Countries’ Construction Market
4.4: APAC Composites in the Global Construction Market
4.4.1: Composites in the APAC Construction Market by Application
4.4.2: Composites in the Chinese Construction Market
4.4.3: Composites in the Indian Construction Market
4.4.4: Composites in the Japanese Construction Market
4.4.5: Composites in the South Korean Construction Market
4.4.6: Composites in the Other APAC Countries’ Construction Market
4.5: ROW Composites in the Global Construction Market
4.5.1: Composites in the ROW Construction Market by Application
4.5.2: Composites in the Saudi Arabian Construction Market
4.5.3: Composites in the Iranian Construction Market
4.5.4: Composites in the UAE Construction Market
4.5.5: Composites in Brazilian Construction Market
4.5.6: Composites in Other ROW Countries’ Construction Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Composites in the Global Construction Market by Application
6.1.2: Growth Opportunities for Composites in the Global Construction Market by Manufacturing Process
6.1.3: Growth Opportunities for Composites in the Global Construction Market by Resin
6.1.4: Growth Opportunities for Composites in the Global Construction Market by Fiber Type
6.1.5: Growth Opportunities for Composites in the Global Construction Market by Region
6.2: Emerging Trends in the Composites in the Global Construction Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansions
6.3.3: Mergers and Acquisitions

7. Company Profiles of Leading Players
7.1: Strongwell Corporation
7.2: Bedford Reinforced Plastics
7.3: Crane Composites Inc.
7.4: Lamilux Heinrich Strunz Holding GmbH & Co. KG
7.5: Fibrosan
7.6: Petrofisa do Brasil Ltda.
7.7: Creative Pultrusions, Inc.
7.8: Valmont Industries
7.9: Geotek
7.10: Andersen
7.11: FiReP International AG
7.12: Exel Composites
7.13: Pultron Composites
7.14: Jeld-Wen
7.15: Leisure Pools
7.16: Werner Co.
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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