The global constructioncomposites 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.
Browse full report by
Grand View Research : 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: http://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
o
U.S.
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
View Press Release of this research
report by Grand View Research: http://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.
For More Information: www.grandviewresearch.com
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.
For More Information: www.grandviewresearch.com
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