Construction Composite Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Construction Composite market is segmented by Resin Type (Polyester Resin, Vinyl Ester, Polyethylene, Polypropylene, Epoxy Resin, and Other Resin Types), Fiber Type (Polymer Fibers, Glass Fibers, Natural Fibers, and Other Fiber Types), End-use Sector (Industrial, Commercial, Housing, and Civil), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Market Summary - Construction Composite Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5 %

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Market Overview

The global construction composite market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factors driving the growth of the market studied are increasing use of composites in construction applications and rehabilitation of old concrete structures.

  • High initial production and installation costs of composites is likely to hinder the markets growth.
  • Increasing ability to mass produce composites in the construction sector are likely to create opportunities for the market in the coming years.
  • North America region is expected to dominate the market. Asia-Pacific region is likely to witness highest CAGR during the forecast period.

Scope of the report

The global construction composite market report includes:

Resin Type
Polyester Resin
Vinyl Ester
Polyethylene
Polypropylene
Epoxy Resin
Other Resin Types
Fiber Type
Polymer Fibers
Glass Fibers
Natural Fibers
Other Fiber Types
End-use Sector
Industrial
Commercial
Housing
Civil
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand for Polypropylene Resins

  • Polypropylene resin segment is expected to grow at a fast rate during the forecast period, owing to efficient thermal and mechanical properties.
  • Some of the principle properties of polypropylene include semi-rigid, translucence, good chemical resistance, toughness, good fatigue resistance, integral hinge property, and good heat resistance.
  • It is used in various applications in building and construction sector, such as siding, air, and moisture barrier membranes, carpet textiles, films, and sheets used in insulating building wraps, industrial adhesives and tapes, and plastic parts included in piping.
  • The construction sector of Asia-Pacific has been witnessing a steady growth, in the recent past, owing to the presence of fast-growing economies, rapid urbanization, and rising infrastructure spending. The increasing presence of foreign companies in the Asia-Pacific region has also created demand for the construction of new offices, buildings, production houses, etc., thereby, driving the growth of the construction sector in the region.
  • The usage of polypropylene in industrial and construction sectors is growing and boosting the demand for construction composite over the forecast period.
Construction Composite Market - Segmentation Trends

Asia-Pacific Region to Lead the Market Growth

  • The Asia-Pacific construction sector is the largest in the world, and is growing at a healthy rate, owing to the rising population, increase in middle-class incomes, and urbanization.
  • Increasing infrastructure construction activities and the entry of major players from the European Union into the lucrative market of China have further fueled the industry’s expansion.
  • China’s 13th Five Year Plan started in 2016, as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country. The China’s construction industry developed rapidly in the recent past, due to the central government’s push for infrastructure investment, as a mean to sustain economic growth.
  • Furthermore, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted. The growth in the infrastructure and transportation sectors is expected to boost the construction composites market in the country, over the forecast period.
Construction Composite Market - Regional Trends

Competitive Landscape

The construction composite market is partially consolidated in nature. Some of the major players in the market include Advanced Environmental Recycling Technologies, Inc. (AERT), Exel Composites, STRONGWELL CORPORATION, Trex Company, Inc., and UPM, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Use of Composites in Construction Applications

      2. 4.1.2 Rehabilitation of Old Concrete Structures

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Initial Production and Installation Costs of Composites

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Polyester Resin

      2. 5.1.2 Vinyl Ester

      3. 5.1.3 Polyethylene

      4. 5.1.4 Polypropylene

      5. 5.1.5 Epoxy Resin

      6. 5.1.6 Other Resin Types

    2. 5.2 Fiber Type

      1. 5.2.1 Polymer Fibers

      2. 5.2.2 Glass Fibers

      3. 5.2.3 Natural Fibers

      4. 5.2.4 Other Fiber Types

    3. 5.3 End-use Sector

      1. 5.3.1 Industrial

      2. 5.3.2 Commercial

      3. 5.3.3 Housing

      4. 5.3.4 Civil

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Spain

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Environmental Recycling Technologies, Inc. (AERT)

      2. 6.4.2 AZEK Building Products

      3. 6.4.3 Bedford Reinforced Plastics

      4. 6.4.4 Exel Composites

      5. 6.4.5 Fibergrate Composite Structure, Inc.

      6. 6.4.6 Fibrolux GmbH

      7. 6.4.7 Jiangsu Jiuding New Material Co. Ltd

      8. 6.4.8 Owens Corning

      9. 6.4.9 Pultron Composites

      10. 6.4.10 Schoeck International

      11. 6.4.11 Sireg SPA

      12. 6.4.12 STRONGWELL CORPORATION

      13. 6.4.13 TAMKO Building Products LLC

      14. 6.4.14 Trex Company, Inc.

      15. 6.4.15 UPM

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Ability to Mass Produce Composites in the Construction Sector

**Subject to Availability

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Frequently Asked Questions

The Construction Composite Market market is studied from 2016 - 2026.

The Construction Composite Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Advanced Environmental Recycling Technologies, Inc. (AERT) , Exel Composites , STRONGWELL CORPORATION, Trex Company, Inc., UPM are the major companies operating in Construction Composite Market.

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