Selbyville, Delaware, Aug. 03, 2021 (GLOBE NEWSWIRE) -- According to expert analysts and seasoned forecasters, global construction repair composites market size was worth USD 301 million in 2020 and is slated to register a CAGR of 10% over 2021-2027, subsequently attaining a valuation of USD 586.56 million by the forecast period end.
Furthermore, the research fragments the market into several segments based on product type, resin type, fiber type, application ambit, and regional landscape to pinpoint lucrative investment opportunities available during the assessment period. Moreover, it elaborates on the competitive arena by explicating business profiles, strategies, financials, and recent developments pertaining to the major players in this domain.
Accelerating number of construction repair projects across emerging nations such as India and China along with rapid urbanization and expanding population are driving the market growth. Moreover, frequent product launches and innovations by leading industry players are stimulating the market outlook.
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Further, development of low-cost basalt, carbon, and glass fibers will help to bring down the cost of composites in the coming years, giving rise to new opportunities for businesses functioning in worldwide construction repair composites business sphere.
For the record, construction repair composites are extensively used for repairs in offices, schools, hospitals, and other non-residential establishments. These materials are highly preferred due to advantages such as strength, durability, corrosion resistance, and cost-effectiveness.
Elaborating on the negatives, volatile fiber prices and issues faced with recyclability are likely to impede market development during the forecast timeframe.
Market segmentation summary:
Based on fiber type, the market is fragmented into glass, carbon, and other segments. By resin type, the industry fragmentation comprises epoxy, vinyl ester, and other resins. Moving to product type, the business vertical is split into textile, rebar, plate, adhesive, and mesh. With respect to the application spectrum, the industry is arrayed into bridge, residential, water structure, commercial and others.
Regional scope:
Key regional contributors to the global construction repair composites industry growth are North America, Asia Pacific, Europe, and Latin America. Among these, Europe currently accounts for a major portion of the industry share on the back of expanding construction industry and rapid urbanization across the region.
Meanwhile, North America is also expected to emerge as a lucrative during the forecast period owing to surging demand of construction composites in water and industrial structures throughout the region.
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Global Construction Repair Composites Market, By Fiber Type (Revenue, USD Billion, 2018-2027)
- Glass
- Carbon
- Others
Global Construction Repair Composites Market, By Resin Type (Revenue, USD Billion, 2018-2027)
- Epoxy
- Vinyl Ester
- Others
Global Construction Repair Composites Market, By Product Type (Revenue, USD Billion, 2018-2027)
- Textile
- Rebar
- Plate
- Adhesive
- Mesh
Global Construction Repair Composites Market, By Application Ambit (Revenue, USD Billion, 2018-2027)
- Bridge
- Residential
- Water Structure
- Commercial
- Others
Global Construction Repair Composites Market, By Geographical Scope (Revenue, USD Billion, 2018-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Germany
- Italy
- Spain
- ROE
Asia Pacific
- India
- Japan
- China
- Australia
- South Korea
- RoAPAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Construction Repair Composites Market Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- Fibrolux GmbH
- Hughes Brothers Inc.
- Fiberon LLC
- Schöck Bauteile GmbH
- Strongwell Corp.
- Advanced Environmental Recycling Technologies (AERT) Inc.
- Trex Company Inc.
- Exel Composites Oyj
- Diversified Structural Composites (Exel Composites Group)
- Jamco Corp.
- Bedford Reinforced Plastics
- UPM Biocomposites (UPM-Kymmene Oyj)
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Construction Repair Composites Market, by region, 2019-2027 (USD Billion)
1.2.2. Construction Repair Composites Market, by Fiber Type, 2019-2027 (USD Billion)
1.2.3. Construction Repair Composites Market, by Resin Type, 2019-2027 (USD Billion)
1.2.4. Construction Repair Composites Market, by Product Type, 2019-2027 (USD Billion)
1.2.5. Construction Repair Composites Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Construction Repair Composites Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Construction Repair Composites Market Dynamics
3.1. Construction Repair Composites Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Rapid growth of construction sector
3.1.1.2. Increasing urbanization
3.1.2. Market Restraint
3.1.2.1. Recyclability issues
3.1.2.2. Fluctuating fiber prices
3.1.3. Market Opportunities
3.1.3.1. Development of low-cost glass, carbon and basalt fibers
Chapter 4. Global Construction Repair Composites Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Construction Repair Composites Market, by Fiber Type
5.1. Market Snapshot
5.2. Global Construction Repair Composites Market by Fiber Type, Performance - Potential Analysis
5.3. Global Construction Repair Composites Market Estimates & Forecasts by Fiber Type 2018-2027 (USD Billion)
5.4. Construction Repair Composites Market, Sub Segment Analysis
5.4.1. Glass
5.4.2. Carbon
5.4.3. Other
Chapter 6. Global Construction Repair Composites Market, by Resin Type
6.1. Market Snapshot
6.2. Global Construction Repair Composites Market by Resin Type, Performance - Potential Analysis
6.3. Global Construction Repair Composites Market Estimates & Forecasts by Resin Type 2018-2027 (USD Billion)
6.4. Construction Repair Composites Market, Sub Segment Analysis
6.4.1. Vinyl Ester
6.4.2. Epoxy
6.4.3. Others
Chapter 7. Global Construction Repair Composites Market, by Product Type
7.1. Market Snapshot
7.2. Global Construction Repair Composites Market by product Type, Performance - Potential Analysis
7.3. Global Construction Repair Composites Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
7.4. Construction Repair Composites Market, Sub Segment Analysis
7.4.1. Textile
7.4.2. Plate
7.4.3. Rebar
7.4.4. Mesh
7.4.5. Adhesive
Chapter 8. Global Construction Repair Composites Market, by Application
8.1. Market Snapshot
8.2. Global Construction Repair Composites Market by Application, Performance - Potential Analysis
8.3. Global Construction Repair Composites Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
8.4. Construction Repair Composites Market, Sub Segment Analysis
8.4.1. Residential
8.4.2. Commercial
8.4.3. Bridge
8.4.4. Water Structure
8.4.5. Others
Chapter 9. Global Construction Repair Composites Market, Regional Analysis
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