San Francisco, 18 March 2019: The Report Construction Composites Market Analysis, By Fiber Type (Carbon Fiber, Glass Fiber,
Others), By Resin Type (Thermoplastic, Thermoset), By Application, By Region,
And Segment Forecasts, 2018 - 2025
The global construction composites market is expected to reach USD 7.6 billion by 2025, according
to a new report by Grand View Research, Inc. The market is majorly driven by
the growing construction industry across the globe. Technological innovations
involving construction composites have led to the use of the product as
replacement for aluminum and wood.
The construction composites industry
includes a wide range of products such as gratings, stairways, decks, railing,
and fences with application scope in the industrial, commercial, and household
segments. Technological innovations have led to the use of the products in the
making of various structures that have complex shapes and are impossible to
build with other materials such as wood and steel.
In terms of revenue, the industrial
application was the largest segment for the product, accounting for 35.8% of
the global industry in 2016. The application scope in stairways, walkways,
trash gates, gratings, and ladders in the industrial segment is increasing
owing to the anti-corrosion and moisture-proof properties of the products.
Composites offer superior properties such
as durability, in comparison with other traditional materials. Structures such
as decks and rails do not fade away or crack over time and also do not
accumulate rust. These properties of composites have helped it in gaining
popularity in the industrial, commercial, and household sectors.
Access Research Report of Construction Composites Market @ http://www.grandviewresearch.com/industry-analysis/construction-composites-market
Further key findings from the report suggest:
· Residential application segment will
experience the highest growth in terms of revenue, slated to grow at a CAGR of
6.2% from 2017 to 2025, mainly on account of the growing need for
environmental-friendly and durable products.
· Carbon fiber emerged as the largest segment
among fiber types in 2016, in terms of revenue, and is estimated to reach a
market size of over USD 4.40 billion by 2025. The segment revenue was recorded
at nearly USD 3 billion in 2016.
· The regional segment in Asia Pacific is
anticipated to observe considerable growth during the forecast years, mainly
owing to the robust growth in construction activities and increasing
infrastructure spending, especially in emerging economies of India and China.
In terms of revenue, the regional market is expected to grow at a CAGR of 6.3%
from 2017 to 2025.
· Key players in the industry focus on
acquisitions and capacity expansions to increase their competitiveness and
reinforce their positions in the market.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has
segmented the global construction composites market on the basis of, fiber
type, resin type, application, and region:
Fiber Type Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Carbon fiber
·
Glass fiber
·
Others
Resin Type Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Thermoplastic
·
Thermoset
Application Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Industrial
·
Commercial
·
Residential
·
Others
Regional Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Construction Composites Market@ https://www.grandviewresearch.com/press-release/global-construction-composites-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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