E-Glass Fiber Composites In Construction Trends and Forecast
The future of the global E-glass fiber composites in construction market looks promising with opportunities in the deck, swimming pool, utility pole, bridge component, grating, railing, structural frame markets. The global E-glass fiber composites in construction market is expected to grow with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are high demand for lightweight, durable materials and growing emphasis on energy efficiency and sustainability.
• Lucintel forecasts that, within the resin type category, vinyl ester is expected to witness the highest growth over the forecast period.
• Within the application category, swimming pool will remain the largest segment.
• In terms of regions, APAC is expected to witness highest growth over the forecast period.
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Emerging Trends in the E-Glass Fiber Composites In Construction Market
The E-Glass fiber composites market in construction is influenced by several trends, some of which respond to the growing demand within the industry for higher performance, increased focus, and further innovations. These trends can be considered as the factors that will create new opportunities and progressive advancements in the development of the sector.
• Sustainable Construction Practices: This trend is promoting the utilization of E-Glass composites processed from renewable sources as more attention is given to eco-friendly materials and construction processes.
• Integration of Smart Technologies: The embedding of smart materials, such as sensors, into composite structures has improved usage-based monitoring and performance assessment in the construction field.
• Advancements in Resin Systems: New resin systems have improved the properties of E-Glass composites for internal use, expanding their use in extreme conditions.
• Regulatory Push for High-Performance Materials: Stringent regulations pertaining to building codes and standards have compelled the use of next-generation E-Glass composites with improved performance and safety measures.
• Growth in Prefabricated Construction: The increasing adoption of prefabrication and modular techniques has spurred the demand for E-Glass composites, which are suited for use in lightweight and portable structures.
Therefore, these trends are expected to transform the E-Glass fiber composites market in construction by fostering competitiveness and environmental sustainability while meeting the growing expectations of the industry regarding the performance of materials applied.
Recent Developments in the E-Glass Fiber Composites In Construction Market
The E-Glass fiber composites market for construction has witnessed developments that improve the performance of the materials and their applications in several respects. The E-Glass composites market for construction has been growing considerably with new developments that enhance the performance and application features of the materials.
• E-Glass Composites for Structural Applications: The adoption of E-Glass composites in construction has been advancing by providing elongation with modular core thermal properties, solving issues related to composite elasticity and reducing frame weight.
• E-Glass Composites in Construction Sustainability: The E-Glass composites market is consolidating as efforts focus on the use of recycled E-Glass and E-Glass composites reinforced with geopolymers for building projects.
• E-Glass Composites in Construction Cost: There is a growing trend towards the mass manufacture of E-Glass reinforced plastics, which involves outsourcing components and utilizing non-native data analysis for efficient processing of E-Glass composites.
• E-Glass Composites in Construction Integration with Smart Technology: One of the latest trends is the integration of E-Glass composites with structural health monitoring systems through sensors embedded in the structure.
• Industry Collaboration: Industrial collaboration with academia has led to progress in E-Glass fiber technology, meeting the requirements for advanced composite solutions.
These developments are bringing significant changes to the E-Glass fiber composites market in construction, enhancing performance, sustainability, and the ability to address dynamic market requirements.
Strategic Growth Opportunities for E-Glass Fiber Composites In Construction Market
The market for E-Glass fiber composites has varied applications within the construction industry, providing strategic growth opportunities in all sectors. Taking advantage of these opportunities can lead to both innovation and market growth.
• Infrastructure Projects: The enhanced demand for investment in infrastructure development increases the need for stronger and lighter E-Glass composites in applications such as bridges and roadways.
• Residential Construction: There is a demand for E-Glass composites in energy-efficient homes and lightweight structural elements as the housing market expands.
• Renovation and Retrofitting: There is a growing need for E-Glass composites in renovation projects as there is a demand to retrofit current buildings to be more energy-efficient and safe.
• Disaster-Resilient Buildings: There is a growing trend in the construction of buildings that can withstand earthquakes in places prone to seismic activity, creating a market for E-Glass composites that aid in structural strengthening.
• Green Building Certifications: The pursuit of LEED certification and other green building initiatives encourages the use of E-Glass composites in construction, as they are environmentally friendly building materials.
E-Glass fiber composites market firms strengthen their market position and offer innovative responses to challenges in the building industry by utilizing these strategic growth areas.
E-Glass Fiber Composites In Construction Market Driver and Challenges
The E-Glass fiber composites market in construction comprises several drivers and challenges that affect the way the market grows. It is important for stakeholders to comprehend these factors.
The factors driving the E-Glass fiber composites market in construction include:
• Increase in the Use of Lightweight and Strong Materials: Rising demand for E-Glass composite materials, which improve structural efficiency by providing lightweight and high-strength materials, is supported by the growing trend of E-Glass composites adoption.
• Green and Bio-Based Engineered Materials: The increasing focus on green building is boosting the application of E-Glass composites derived from green and recyclable materials.
• Research and Development: New manufacturing and composite technologies introduce improvements in the performance characteristics of E-Glass composites, broadening their scope of use.
• Market Dynamics: Growing building standards and safety requirements have increased the demand for alternative robust materials, including E-Glass composites.
• Globalization and Urban Growth: The increasing level of urbanization and construction worldwide has resulted in high demand for functional and long-lasting building materials.
Challenges in the E-Glass fiber composites market in construction are:
• High Initial Costs: The costs involved in producing advanced E-Glass composites prevent rapid adoption in many areas, as markets are cost-sensitive.
• Competition from Alternative Materials: E-Glass composites face competition from other materials, such as carbon fiber and other construction materials, which poses a threat, requiring continuous improvement.
• Limited Awareness and Acceptance: There seems to be a lack of awareness regarding the advantages of E-Glass composites, limiting their penetration into the builders and constructors market.
Positive driving forces for the construction of E-Glass fiber composites do not negate the need to resolve existing obstacles and issues to guarantee survival and competitiveness in the changing market.
List of E-Glass Fiber Composites In Construction Companies
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. Through these strategies E-glass fiber composites in construction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the E-glass fiber composites in construction companies profiled in this report include-
• Owens Corning
• Jushi
• Chongqing Polycomp International
• Taishan Fiberglass
• Taiwan Glass
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass
• Johns Manville
• Nitto Boseki
E-Glass Fiber Composites In Construction by Segment
The study includes a forecast for the global E-glass fiber composites in construction by resin type, manufacturing process, application, and region.
E-Glass Fiber Composites In Construction Market by Resin Type [Analysis by Value from 2018 to 2030]:
• UPR
• Vinyl Ester
• Epoxy
• PA Resin
• PP Resin
• Phenolic Resin
• Others
E-Glass Fiber Composites In Construction Market by Manufacturing Process [Analysis by Value from 2018 to 2030]:
• Hand Lay-Up
• Spray-Up
• Resin Infusion
• Filament Winding
• Pultrusion
• Injection Molding
• Compression Molding
• Prepreg Lay Up
• Others
E-Glass Fiber Composites In Construction Market by Application [Analysis by Value from 2018 to 2030]:
• Deck
• Swimming Pool
• Utility Pole
• Bridge Component
• Grating
• Railing
• Others
E-Glass Fiber Composites In Construction Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the E-Glass Fiber Composites In Construction Market
The E-Glass fiber composites market in construction is dynamic, with an increasing need for lightweight, high-performance, and rust-free materials. These composites are being adopted in more applications, such as reinforcement, façade systems, and prefab structures. Developments in material science, processing technology, and sustainability are changing the scenario in key markets such as the U.S., China, Germany, India, and Japan. Below are the recent developments in these countries concerning the E-Glass fiber composites market.
• The United States: The market for E-Glass composites in the U.S. is evolving, with ongoing changes aimed at improving the structural properties and sustainability of the products. New additions include the use of E-Glass in construction facades and reinforcing concrete. Manufacturers are also developing advanced resin systems to improve durability and environmental properties. Furthermore, companies are focusing on corporate social responsibility and exploring bio-composite materials that are expected to replace E-Glass in the future due to their alignment with green building regulations.
• China: China is witnessing the trend of E-Glass fiber composites in construction due to the increasing benefits derived from their lightweight and strong properties. Recent developments include the introduction of additional composite formulations to increase resistance to external factors such as moisture and high temperatures. Chinese producers are also embracing automation to increase production levels and efficiency. Government initiatives encouraging eco-friendly construction methods, such as green building materials, continue to create demand for E-Glass composites in civic construction projects, boosting market growth and improving the quality of building materials.
• Germany: Germany continues to dominate the E-Glass fiber composites market in the construction sector, offering innovative solutions. Recent developments include manufacturable solutions compatible with complex geometries, saving production time. German companies also advocate the use of E-Glass composites in green building activities such as energy-efficient construction and retrofitting existing buildings. Additionally, promoting recycling and circular economy trends has favored the development of new E-Glass composites, ensuring materials produced are reused rather than wasted.
• India: India is experiencing rapid urbanization and infrastructural development, leading to an increasing demand for E-Glass fiber composites in construction. Recent developments include local and international collaborations aimed at improving production processes and developing region-appropriate composite materials. Manufacturers are targeting budget-friendly solutions without compromising quality, making E-Glass composites more applicable in construction. Government projects aimed at enhancing infrastructure and housing are stimulating the adoption of E-Glass composites in the construction industry.
• Japan: E-Glass fiber composites are gaining popularity in Japan’s construction market for their quick-to-market qualities, low weight, and seismic resistance. New product developments include effective composite use to ensure that the resultant structure is light, which is critical when building earthquake-proof structures. Japanese manufacturers are also using advanced composites that enhance the green building aspects of construction while utilizing recyclable E-Glass fibers.
Features of the Global E-Glass Fiber Composites In Construction Market
Market Size Estimates: E-glass fiber composites in construction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: E-glass fiber composites in construction market size by resin type, manufacturing process, application, and region in terms of value ($B).
Regional Analysis: E-glass fiber composites in construction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin type, manufacturing process, application, and regions for the E-glass fiber composites in construction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the E-glass fiber composites in construction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the growth forecast for E-glass fiber composites in construction market?
Answer: The global E-glass fiber composites in construction market is expected to grow with a CAGR of 3.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the E-glass fiber composites in construction market?
Answer: The major drivers for this market are high demand for lightweight, durable materials and growing emphasis on energy efficiency and sustainability.
Q3. What are the major segments for E-glass fiber composites in construction market?
Answer: The future of the E-glass fiber composites in construction market looks promising with opportunities in the deck, swimming pool, utility pole, bridge component, grating, railing, structural frame markets.
Q4. Who are the key E-glass fiber composites in construction market companies?
Answer: Some of the key E-glass fiber composites in construction companies are as follows:
• Owens Corning
• Jushi
• Chongqing Polycomp International
• Taishan Fiberglass
• Taiwan Glass
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass
• Johns Manville
• Nitto Boseki
Q5. Which E-glass fiber composites in construction market segment will be the largest in future?
Answer: Lucintel forecasts that vinyl ester is expected to witness the highest growth over the forecast period.
Q6. In E-glass fiber composites in construction market, which region is expected to be the largest in next 6 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.7 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, high-growth opportunities for the E-glass fiber composites in construction market by resin type (UPR, vinyl ester, epoxy, PA resin, PP resin, phenolic resin, and others), manufacturing process (hand lay-up, spray-up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay up, and others), application (deck, swimming pool, utility pole, bridge component, grating, railing, structural frame, 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to E-Glass Fiber Composites In Construction Market, E-Glass Fiber Composites In Construction Market Size, E-Glass Fiber Composites In Construction Market Growth, E-Glass Fiber Composites In Construction Market Analysis, E-Glass Fiber Composites In Construction Market Report, E-Glass Fiber Composites In Construction Market Share, E-Glass Fiber Composites In Construction Market Trends, E-Glass Fiber Composites In Construction Market Forecast, E-Glass Fiber Composites In Construction Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.