Composites offer a longer life as compared to other materials. For instance, in factories, the railings used on walkways were previously made of steel or other metals. Due to the constant exposure to heat and other environmental conditions, they corrode easily and require to be repainted and polished from time to time.
Market Analysis and Insights: Global Composites in Construction Market
Due to the COVID-19 pandemic, the global Composites in Construction market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Carbon fiber accounting for % of the Composites in Construction global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Industrial segment is altered to an % CAGR throughout this forecast period.
In terms of revenue, the carbon fiber segment is expected to reach a market size of over USD 4.40 billion by 2025, growing at comparatively the slowest CAGR during the forecast period
Global Composites in Construction Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Composites in Construction Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Carbon fiber
Glass fiber
Others
Segment by Application
Industrial
Commercial
Residential
Others
By Company
Fibergrate Composite Structures
Advanced Environmental Recycling Technologies
Fiberon
Strongwell
Trex
UPM
Bedford Reinforced Plastics
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
