GLOBAL CONSTRUCTION COMPOSITES MARKET FORECAST 2017-2026

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GLOBAL CONSTRUCTION COMPOSITES MARKET FORECAST 2017-2026

Global Construction composites market is estimated to grow by approx.5.74% CAGR during the year 2017 – 2026. The base year considered for the study is 2016 and the forecast period is 2017-2026. The following factors primarily drive the global construction composites market: Growth in housing and construction sector. Superior composites properties

GLOBAL CONSTRUCTION COMPOSITES MARKET FORECAST 2017-2026

Global Construction Composites Market Is Segmented by Fiber Type (Glass Fiber, Natural Fiber, Others) Market Resin Type (Thermoplastic, Thermoset) Market by End-users (Industrial, Commercial, Housing, Civil) by Geography

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Global Construction composites market is estimated to grow by approx.5.74% CAGR during the year 2017 – 2026. The base year considered for the study is 2016 and the forecast period is 2017-2026. The following factors primarily drive the global construction composites market:

  • Growth in housing and construction sector
  • Superior composites properties
  • High demand for composites in construction sector

A significant factor that is responsible for the progress in the global construction composites market is the strong demand for composites in the construction sector. The construction sector presents a conducive platform for the growth of the global construction composites market. FRP is widely preferred over conventional building materials owing to its superior performance. Products manufactured using composites offer lightweight advantages, require less supporting structure, and provide higher resistance to corrosion and rot as compared to conventional building materials.

Construction Composites Market by Inkwood Research

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Glass fiber composites are environmentally resistant structural polymer fibers on account of their properties high strength, high stiffness, low cost, and lightweight. The construction composite materials that use glass fiber have better durable and superior mechanical properties as compared to either of the constituents alone. The manufacturing of composites with glass fiber is relatively less cumbersome in comparison to other fibers such as carbon fiber, aramid, and basalt. In the construction segment, glass fiber is used for residential, commercial, water transportation, and storage applications.

High initial cost of composites and recyclability issues are the major factors hindering the construction composites market. The fiber costs can fluctuate depending on factors like mechanical properties, environmental resistance, and temperature resistance. A majority of the cost is attributed to fiber reinforcement. The fibers can be in the form of a spool or pre-woven fabric, which largely depends on the manufacturing process. Increasing landfill taxes and coercive frameworks governing waste management are likely to pose considerable restraint to landfilling and incineration routes in the future. This may impact producers and suppliers of FRP as they can lose out their market share to metals and other allied industries if an amicable solution to recycling and reuse is not found.

The global construction composites market segments include fiber type, resin type, and end user.

Fiber type is segmented into:

  • Glass Fiber
  • Natural Fiber
  • Others

Resin Type is segmented into:

  • Thermoplastic
  • Thermoset

End-users are segmented into:

  • Industrial
  • Commercial
  • Housing
  • Civil

The report scope is widely categorized on the basis of its components which include fiber types and resin types. Moreover, the market revenue estimates and forecast includes only construction composites materials and excludes automotive, transport, aerospace and other composite materials.

Geographically, the global construction composites market has been segmented on the basis of four major regions, which includes:

The Asia Pacific is predicted to contribute the largest market share over the forecast period. The region is primarily fueled by private sector commitments such as distribution capability expansion, increasing digital participation, and increasing geographic presence of manufacturing facilities. Investments in both infrastructure and non-residential sectors are expected to drive the growth of the construction composites market in APAC, which will result in an increasing demand for high-performance WPCs. The Midwest region of China is anticipated to receive the maximum investments in civil engineering to cope with the ongoing infrastructure development. On the other hand, North America is expected to be the fastest-growing region for the construction composites market. The market in North America is driven by booming construction sector that has emphasized the demand for green construction. Several environmentally aware consumers want to reduce their carbon footprint consciously, and this has paved the way for composite fabricators to offer sustainable composite products.

The construction composites market is segmented on the basis of fiber type which is sub-divided into glass fiber, natural fiber, and others, while on the basis of the end-user segment the market is sub-divided into industrial, commercial, housing, and civil.  The market by resin type has been segmented into thermoplastic and thermoset.

The major market players in the global construction composites market are:

  • ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES
  • CPG INTERNATIONAL
  • FIBERON LLC
  • TREX COMPANY INC
  • UPM BIOCOMPOSITES
  • OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for their growth. For instance, in 2017, Oldcastle Architectural acquired the deck profile maker Advanced Environmental Recycling Technologies (AERT) for $117 million in a cash deal. Based in Springdale, AERT uses recycled polyethylene and wood fiber to extrude durable decking and sells it under the ChoiceDek and MoisureShield brands. The acquisition enabled Oldcastle to enter the attractive and growing category of composite decking while enhancing AERT’s commitment to safety, productivity, and innovation. In August 2017, Trex Company purchased the SC Company, a prominent producer, and supplier of architectural railings and staging solutions based in Brooklyn Park, MN. The purchase will provide the foundation for the launch of Trex Commercial Products, a subsidiary of Trex Company.

Key Findings of the global construction composites market.

  • Growth in housing and construction sector and superior composites properties are the major factors aiding the growth of the global construction composites market
  • Asia Pacific accounted for the largest revenue share in
  • Glass fiber is a popular segment of the market
  • Increasing government support
  • Product launch is the key strategy adopted by the various market players of global construction composites market.
  • Thermoplastic is a major segment of resin type.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA IS ANTICIPATED TO WITNESS A SIGNIFICANT GROWTH IN THE CONSTRUCTION COMPOSITES MARKET
      • ASIA PACIFIC ACCOUNTED FOR THE LARGEST SHARE OF THE OVERALL CONSTRUCTION COMPOSITES MARKET
      • KEEN FOCUS ON SUSTAINABILITY AND GREEN BUILDING PRODUCTS
      • POSITIVE OUTLOOK ON COMPOSITE RECYCLING IN THE CONSTRUCTION SECTOR
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • DRIVERS
      • GROWTH IN HOUSING AND CONSTRUCTION SECTOR
      • SUPERIOR COMPOSITES PROPERTIES
      • STRONG DEMAND FOR COMPOSITES IN CONSTRUCTION SECTOR
    • RESTRAINTS
      • HIGH INITIAL COST OF COMPOSITES
      • RECYCLABILITY ISSUES
    • OPPORTUNITIES
      • INCREASING DEMAND FOR PULTRUDED PROFILES
      • INCREASING COMPOSITES DEMAND IN CIVIL APPLICATIONS
    • CHALLENGES
      • LOW-COST SUBSTITUTES
  1. MARKET BY FIBER TYPE
    • GLASS FIBER
    • NATURAL FIBER
    • OTHERS
  2. MARKET RESIN TYPE
    • THERMOPLASTIC
    • THERMOSET
  3. MARKET BY END-USERS
    • INDUSTRIAL
    • COMMERCIAL
    • HOUSING
    • CIVIL
  4. KEY ANALYTICS
    • PORTER’S 5 FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • UK
      • GERMANY
      • SPAIN
      • ITALY
      • FRANCE
      • RUSSIA
      • NORDIC
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MENA
      • AFRICA
  1. COMPANY PROFILES
    • STRONGWELL CORPORATION
    • EXEL COMPOSITES OYJ
    • TREX COMPANY, INC.
    • UPM BIOCOMPOSITES
    • BEDFORD REINFORCED PLASTICS
    • ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
    • HUGHES BROTHERS, INC.
    • DIVERSIFIED STRUCTURAL COMPOSITES INC
    • SCHOECK INTERNATIONAL
    • JIANGSU JIUDING NEW MATERIAL CO., LTD.
    • FIBERGRATE COMPOSITE STRUCTURES, INC.
    • FIBERON LLC
    • FIBROLUX GMBH
    • TIMBERTECH LIMITED
    • CPG INTERNATIONAL

 

LIST OF TABLES

TABLE 1 GLOBAL CONSTRUCTION COMPOSITES MARKET BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 2 GLOBAL CONSTRUCTION COMPOSITES MARKET BY TYPE 2017-2026 ($ MILLION)

TABLE 3 GLOBAL GLASS FIBER CONSTRUCTION COMPOSITES MARKET BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 4 GLOBAL NATURAL FIBER CONSTRUCTION COMPOSITES MARKET BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 5 GLOBAL OTHER CONSTRUCTION COMPOSITE MARKET BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 6 GLOBAL CONSTRUCTION COMPOSITES MARKET BY RESIN TYPE 2017-2026 ($ MILLION)

TABLE 7 GLOBAL CONSTRUCTION COMPOSITES MARKET IN THERMOPLASTIC SEGMENT BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 8 GLOBAL CONSTRUCTION COMPOSITES MARKET IN THERMOSET SEGMENT BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 9 GLOBAL CONSTRUCTION COMPOSITES MARKET BY END-USERS 2017-2026 ($ MILLION)

TABLE 10 GLOBAL CONSTRUCTION COMPOSITES MARKET IN INDUSTRIAL SECTOR BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 11 GLOBAL CONSTRUCTION COMPOSITES MARKET IN COMMERCIAL SECTOR BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 12 GLOBAL CONSTRUCTION COMPOSITES MARKET IN HOUSING SECTOR BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 13 GLOBAL CONSTRUCTION COMPOSITES MARKET IN CIVIL SECTOR BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 14 GLOBAL CONSTRUCTION COMPOSITES MARKET BY GEOGRAPHY 2017-2026 ($ MILLION)

TABLE 15 NORTH AMERICA CONSTRUCTION COMPOSITES MARKET BY COUNTRY 2017-2026 ($ MILLION)

TABLE 16 EUROPE CONSTRUCTION COMPOSITES MARKET BY COUNTRY 2017-2026 ($ MILLION)

TABLE 17 ASIA PACIFIC CONSTRUCTION COMPOSITES MARKET BY COUNTRY 2017-2026 ($ MILLION)

TABLE 18 REST OF WORLD CONSTRUCTION COMPOSITES MARKET BY COUNTRY 2017-2026 ($ MILLION)

LIST OF FIGURES

FIGURE 1 GLOBAL CONSTRUCTION COMPOSITES MARKET BY RESIN TYPE 2017-2026 ($ MILLION)

FIGURE 2 GLOBAL GAS FIBER CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 3 GLOBAL NATURAL FIBER CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 4 GLOBAL OTHER CONSTRUCTION COMPOSITE MARKET BY 2017-2026 ($ MILLION)

FIGURE 5 GLOBAL CONSTRUCTION COMPOSITE MARKET IN THERMOPLASTIC SEGMENT 2017-2026 ($ MILLION)

FIGURE 6 GLOBAL CONSTRUCTION COMPOSITE MARKET IN THERMOSET SEGMENT 2017-2026 ($ MILLION)

FIGURE 7 GLOBAL CONSTRUCTION COMPOSITE MARKET IN INDUSTRIAL SECTOR 2017-2026 ($ MILLION)

FIGURE 8 GLOBAL CONSTRUCTION COMPOSITE MARKET IN COMMERCIAL SECTOR 2017-2026 ($ MILLION)

FIGURE 9 GLOBAL CONSTRUCTION COMPOSITE MARKET IN HOUSING SECTOR 2017-2026 ($ MILLION)

FIGURE 10 GLOBAL CONSTRUCTION COMPOSITE MARKET IN CIVIL SECTOR 2017-2026 ($ MILLION)

FIGURE 11 US CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 12 CANADA CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 13 UK CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 14 GERMANY CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 15 SPAIN CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 16 ITALY CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 17 FRANCE CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 18 RUSSIA CONSTRUCTION COMPOSITES MARKET 2017-2026 ($ MILLION)

FIGURE 19 NORDIC CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 20 REST OF EUROPE CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 21 CHINA CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 22 INDIA CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 23 JAPAN CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 24 REST OF ASIA PACIFIC CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 25 LATIN AMERICA CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 26 MENA CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

FIGURE 27 AFRICA CONSTRUCTION COMPOSITE MARKET 2017-2026 ($ MILLION)

  1. MARKET BY FIBER TYPE
    • GLASS FIBER
    • NATURAL FIBER
    • OTHERS
  2. MARKET RESIN TYPE
    • THERMOPLASTIC
    • THERMOSET
  3. MARKET BY END-USERS
    • INDUSTRIAL
    • COMMERCIAL
    • HOUSING
    • CIVIL
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • UK
      • GERMANY
      • SPAIN
      • ITALY
      • FRANCE
      • RUSSIA
      • NORDIC
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MENA
      • AFRICA

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