Product Code: 2585
The construction composites market is set to showcase significant expansion by 2028 on account of surging demand for lightweight and high-strength construction composites around the world. In addition, increasing effort to reduce maintenance costs for buildings and construction activities is likely to further fuel industry uptake over the forecast period.
Composite materials are widely used in the construction industry due to their numerous advantages, viz., lower construction cost, high specific strength, corrosion resistance, and low thermal conductivity. Mounting need for lowering construction costs has augmented market adoption in recent years.
Furthermore, industry participants have been implementing profitable strategies to tap into the emerging trends in the sector, which has supported the development of the overall construction composites market. For instance, in October 2021, Exel Composites Oyj, a leading manufacturer of tubes and composite profiles for industrial application, announced its strategic joint venture with Kineco Group, an India-based composites manufacturer. The joint venture was intended to expand business growth, particularly in major and fast-growing industries, including telecommunications, wind energy, and transportation.
To cite another instance, in March 2021, Fiberon, LLC, a key composite decking company, launched its novel Wildwood composite cladding, which features multi-tonal colors and nature-inspired embossing for better wood emulation. The product has been designed to provide high durability and low maintenance while offering high-performance benefits.
The construction composites market has been divided on the basis of application, product, and region. In terms of product, the market has further been categorized into metal composites, fiberglass, composite wood, and others. The metal composites sub-segment is anticipated to reach a considerable valuation by the end of 2028, progressing at a CAGR of more than 5% over the analysis timeline.
From the application point of view, the construction composites market has been segmented into industrial, residential, and commercial. The commercial sub-segment is speculated to grow at a robust pace through the assessment period to garner significant gains by 2028. Increasing government investments in developed and developing countries are likely to bolster segmental expansion over the forthcoming years.
On the regional spectrum, the North America construction composites industry is projected to develop at a CAGR of approximately 4.5% over the review timespan owing to substantial reduction in construction time. Moreover, recent technological advancements are speculated to foster regional market growth over the next few years. Meanwhile, the Middle East & Africa construction composites market is poised to surpass USD 6 billion valuation by the end of the estimated timeline.
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Methodology
- 1.2 Market definition
- 1.3 Market estimation & forecast parameters
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Construction composites industry 360 degree synopsis, 2018 - 2028
- 2.1.1 Business trends
- 2.1.2 Product by application trends
- 2.1.3 Application trends
- 2.1.4 Regional trends
Chapter 3 Construction Composites Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2018 - 2028
- 3.3 Industry ecosystem analysis
- 3.3.1 Profit margin analysis
- 3.3.2 Value addition
- 3.3.3 Distributor channel analysis
- 3.3.4 Vendor matrix
- 3.3.4.1 List of key manufacturers/suppliers
- 3.3.4.2 List of key/potential customers
- 3.4 Raw material trends
- 3.5 Technology landscape
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising demand for high strength and lightweight construction components
- 3.6.1.2 Persistent need to reduce maintenance cost for building and construction activities in Asia Pacific
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High production cost of construction composite materials
- 3.7 Regulatory landscape
- 3.7.1 U.S.
- 3.7.2 Europe
- 3.7.3 China
- 3.8 Growth potential analysis
- 3.9 Competitive landscape
- 3.9.1 Company market share, 2020
- 3.9.2 Strategy dashboard
- 3.9.3 Patent Analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier Power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 Regional price trends
- 3.12 Cost structure analysis
- 3.12.1 R&D cost
- 3.12.2 Manufacturing and equipment cost
- 3.12.3 Raw material cost
- 3.12.4 Distribution cost
- 3.12.5 Operating cost
- 3.12.6 Miscellaneous cost
- 3.12.7 Price by product
- 3.13 PESTEL analysis
Chapter 4 Construction Composites Market, Product By Application
- 4.1 Global construction composites market product insights
- 4.2 Fiberglass
- 4.2.1 Global market estimates and forecast, product by application, 2018 - 2028
- 4.2.2 Global market estimates and forecast, by region, 2018 - 2028
- 4.3 Composite wood
- 4.3.1 Global market estimates and forecast, product by application, 2018 - 2028
- 4.3.2 Global market estimates and forecast, by region, 2018 - 2028
- 4.4 Metal composites
- 4.4.1 Global market estimates and forecast, product by application, 2018 - 2028
- 4.4.2 Global market estimates and forecast, by region, 2018 - 2028
- 4.5 Others
- 4.5.1 Global market estimates and forecast, product by application, 2018 - 2028
- 4.5.2 Global market estimates and forecast, by region, 2018 - 2028
Chapter 5 Construction Composites Market, By Application
- 5.1 Global construction composites market application insights
- 5.2 Residential
- 5.2.1 Global market estimates and forecast, 2018 - 2028
- 5.2.2 Global market estimates and forecast, by region, 2018 - 2028
- 5.3 Commercial
- 5.3.1 Global market estimates and forecast, 2018 - 2028
- 5.3.2 Global market estimates and forecast, by region, 2018 - 2028
- 5.4 Industrial
- 5.4.1 Global market estimates and forecast, 2018 - 2028
- 5.4.2 Global market estimates and forecast, by region, 2018 - 2028
Chapter 6 Construction Composites Market, By Region
- 6.1 Global construction composites market regional insights
- 6.2 North America
- 6.2.1 North America market estimates and forecast, 2018 - 2028
- 6.2.2 North America market estimates and forecast, product by application, 2018 - 2028
- 6.2.3 North America market estimates and forecast, by application, 2018 - 2028
- 6.2.4 U.S.
- 6.2.4.1 U.S. market estimates and forecast, 2018 - 2028
- 6.2.4.2 U.S. market estimates and forecast, product by application, 2018 - 2028
- 6.2.4.3 U.S. market estimates and forecast, by application, 2018 - 2028
- 6.2.5 Canada
- 6.2.5.1 Canada market estimates and forecast, 2018 - 2028
- 6.2.5.2 Canada market estimates and forecast, product by application, 2018 - 2028
- 6.2.5.3 Canada market estimates and forecast, by application, 2018 - 2028
- 6.3 Europe
- 6.3.1 Europe market estimates and forecast, 2018 - 2028
- 6.3.2 Europe market estimates and forecast, product by application, 2018 - 2028
- 6.3.3 Europe market estimates and forecast, by application, 2018 - 2028
- 6.3.4 Germany
- 6.3.4.1 Germany market estimates and forecast, 2018 - 2028
- 6.3.4.2 Germany market estimates and forecast, product by application, 2018 - 2028
- 6.3.4.3 Germany market estimates and forecast, by application, 2018 - 2028
- 6.3.5 UK
- 6.3.5.1 UK market estimates and forecast, 2018 - 2028
- 6.3.5.2 UK market estimates and forecast, product by application, 2018 - 2028
- 6.3.5.3 UK market estimates and forecast, by application, 2018 - 2028
- 6.3.6 France
- 6.3.6.1 France market estimates and forecast, 2018 - 2028
- 6.3.6.2 France market estimates and forecast, product by application, 2018 - 2028
- 6.3.6.3 France market estimates and forecast, by application, 2018 - 2028
- 6.3.7 Spain
- 6.3.7.1 Spain market estimates and forecast, 2018 - 2028
- 6.3.7.2 Spain market estimates and forecast, product by application, 2018 - 2028
- 6.3.7.3 Spain market estimates and forecast, by application, 2018 - 2028
- 6.3.8 Italy
- 6.3.8.1 Italy market estimates and forecast, 2018 - 2028
- 6.3.8.2 Italy market estimates and forecast, product by application, 2018 - 2028
- 6.3.8.3 Italy market estimates and forecast, by application, 2018 - 2028
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific market estimates and forecast, 2018 - 2028
- 6.4.2 Asia Pacific market estimates and forecast, product by application, 2018 - 2028
- 6.4.3 Asia Pacific market estimates and forecast, by application, 2018 - 2028
- 6.4.4 China
- 6.4.4.1 China market estimates and forecast, 2018 - 2028
- 6.4.4.2 China market estimates and forecast, product by application, 2018 - 2028
- 6.4.4.3 China market estimates and forecast, by application, 2018 - 2028
- 6.4.5 India
- 6.4.5.1 India market estimates and forecast, 2018 - 2028
- 6.4.5.2 India market estimates and forecast, product by application, 2018 - 2028
- 6.4.5.3 India market estimates and forecast, by application, 2018 - 2028
- 6.4.6 Japan
- 6.4.6.1 Japan market estimates and forecast, 2018 - 2028
- 6.4.6.2 Japan market estimates and forecast, product by application, 2018 - 2028
- 6.4.6.3 Japan market estimates and forecast, by application, 2018 - 2028
- 6.4.7 Australia
- 6.4.7.1 Australia market estimates and forecast, 2018 - 2028
- 6.4.7.2 Australia market estimates and forecast, product by application, 2018 - 2028
- 6.4.7.3 Australia market estimates and forecast, by application, 2018 - 2028
- 6.4.8 Indonesia
- 6.4.8.1 Indonesia market estimates and forecast, 2018 - 2028
- 6.4.8.2 Indonesia market estimates and forecast, product by application, 2018 - 2028
- 6.4.8.3 Indonesia market estimates and forecast, by application, 2018 - 2028
- 6.4.9 Malaysia
- 6.4.9.1 Malaysia market estimates and forecast, 2018 - 2028
- 6.4.9.2 Malaysia market estimates and forecast, product by application, 2018 - 2028
- 6.4.9.3 Malaysia market estimates and forecast, by application, 2018 - 2028
- 6.5 Latin America
- 6.5.1 Latin America market estimates and forecast, 2018 - 2028
- 6.5.2 Latin America market estimates and forecast, product by application, 2018 - 2028
- 6.5.3 Latin America market estimates and forecast, by application, 2018 - 2028
- 6.5.4 Brazil
- 6.5.4.1 Brazil market estimates and forecast, 2018 - 2028
- 6.5.4.2 Brazil market estimates and forecast, product by application, 2018 - 2028
- 6.5.4.3 Brazil market estimates and forecast, by application, 2018 - 2028
- 6.5.5 Mexico
- 6.5.5.1 Mexico market estimates and forecast, 2018 - 2028
- 6.5.5.2 Mexico market estimates and forecast, product by application, 2018 - 2028
- 6.5.5.3 Mexico market estimates and forecast, by application, 2018 - 2028
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa market estimates and forecast, 2018 - 2028
- 6.6.2 Middle East & Africa market estimates and forecast, product by application, 2018 - 2028
- 6.6.3 Middle East & Africa market estimates and forecast, by application, 2018 - 2028
- 6.6.4 South Africa
- 6.6.4.1 South Africa market estimates and forecast, 2018 - 2028
- 6.6.4.2 South Africa market estimates and forecast, product by application, 2018 - 2028
- 6.6.4.3 South Africa market estimates and forecast, by application, 2018 - 2028
- 6.6.5 Saudi Arabia
- 6.6.5.1 Saudi Arabia market estimates and forecast, 2018 - 2028
- 6.6.5.2 Saudi Arabia market estimates and forecast, product by application, 2018 - 2028
- 6.6.5.3 Saudi Arabia market estimates and forecast, by application, 2018 - 2028
- 6.6.6 UAE
- 6.6.6.1 UAE market estimates and forecast, 2018 - 2028
- 6.6.6.2 UAE market estimates and forecast, product by application, 2018 - 2028
- 6.6.6.3 UAE market estimates and forecast, by application, 2018 - 2028
Chapter 7 Company Profiles
- 7.1 Bedford Reinforced Plastics, Inc.
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product landscape
- 7.1.4 Strategic outlook
- 7.1.5 SWOT analysis
- 7.2 Advanced Environmental Recycling Technologies, Inc.
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 SWOT analysis
- 7.3 Teijin Limited
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 Strategic outlook
- 7.3.5 SWOT analysis
- 7.4 Exel Composites Oyj
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 SWOT analysis
- 7.5 Jamco Corporation
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 SWOT analysis
- 7.6 Schock Bauteile GmbH
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 SWOT analysis
- 7.7 Strongwell Corporation
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 SWOT analysis
- 7.8 Trex Company, Inc.
- 7.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 SWOT analysis
- 7.9 UPM Biocomposites
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 SWOT analysis
- 7.10 Hughes Brothers, Inc.
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 Strategic outlook
- 7.10.5 SWOT analysis
- 7.11 Fiberon, LLC
- 7.11.1 Business overview
- 7.11.2 Financial data
- 7.11.3 Product landscape
- 7.11.4 SWOT analysis
- 7.12 Fibrolux GmbH
- 7.12.1 Business overview
- 7.12.2 Financial data
- 7.12.3 Product landscape
- 7.12.4 SWOT analysis