According to the recent study the composites in the global construction market is projected to reach an estimated $38 billion by 2030 from $28 billion in 2023 at a CAGR of 4% 2023 to 2030. Growth in this market is primarily driven by the increasing residential and commercial construction and growth in remolding activities.
Browse 136 figures/charts and 106 tables in this 242-page report
to understand trends, opportunities and forecast in composites in the global
construction market by application (FRP panels and sheets, FRP grating and
decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtubs, and
others), resin (polyester based composites, vinyl ester based composites, epoxy
based composites, phenolic based and others), fiber (glass fiber composites,
and carbon fiber composites and others), manufacturing process (hand layup,
spray up, resin infusion, filament winding, pultrusion, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
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 the global
composites in construction market will remain the largest manufacturing process
over the forecast period due to its wide variety of applications in different
end use industries.
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composites in the global
construction market
Lucintel forecasts that
glass fiber in the global composites in
construction market will remain the largest fiber segment over the forecast
period due to its excellent strength to weight ratio, environmental advantages,
and cost-effectiveness.
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.
Strongwell Corporation,
Bedford Reinforced Plastics, Crane Composites Inc., Lamilux Heinrich Strunz
Holding GmbH & Co. KG, Fibrosan, Petrofisa do Brasil Ltda., Creative
Pultrusions, Inc., Valmont Industries, Geotek, Andersen, FiReP International
AG, Exel Composites, Pultron Composites, Jeld-Wen, Leisure Pools, and Werner
Co. are the major suppliers in the composites in the global construction market.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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