According to the recent study the composites in the global construction market is projected to reach an estimated $38.0 billion by 2030from $28.0 billion in 2023, at a CAGR of 4.0% 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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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 [email protected]
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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