Increasing Use of Composites in Construction Applications
The construction is one of the major end-use industry in terms of composite materials consumption. Construction composites are used for repairing existing structures. The demand for, and usage of, composites in construction sector, owing to their properties (such as, reduced weight, improved aesthetics, enhanced environmental resistance, design flexibility, and increased stiffness) have been consistently increasing. The composites are used in various applications, in order to reduce weight, improve aesthetics, provide enhanced environmental resistance, increase stiffness-to-weight ratio, and for greater design options. Moreover, many new small civil structures, such as, pedestrian bridges, rooftops, etc., are being constructed by composite materials. The construction sector is growing in countries, such as China, India, United States, and Germany, amongst others. The construction composites are expected to match the footsteps, along with the parent industry growth.
Increasing Demand for Polypropylene
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 usage of polypropylene in industrial and construction sectors is growing and boosting the demand for construction composite over the forecast period.
North America to Dominate the Market
North America accounted for the largest market share, due to the increasing urbanization and the need for long-life and low-maintenance structures during the past couple of years. The increasing environmental concerns have made individuals switch to construct sustainable buildings. Continued strength in the economy along with commercial real estate is expected to drive the construction sector in the region in recent years. Hence, the growing construction sector is fueling the demand for construction composite. The construction composite market is expected to grow at a high rate in the region during the forecast period.
Major Players: Exel composites, Advanced Environmental Recycling Technologies, Inc. (AERT), Trex Company, Jiangsu Jiuding New material, Strongwell Corporation, amongst others.
Key Developments in the Market
July 2018: Owens Corning Infrastructure Solutions completed the acquisition of Concrete Reinforcement Division of Hughes Brothers, Inc.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which application is expected to dominate the market
Which regions are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Use of Composites in Construction Applications
4.1.2 Rapid Urbanization and Economic Growth in Emerging Economies
4.1.3 Rehabilitation of Old Concrete Structures
4.1.4 Development of Innovative Architectural Designs
4.1.5 Growing Demand for Composites in Civil Applications in North America
4.2.1 High Initial Production and Installation Costs of Composites
4.2.2 Imported Composites have Fluctuating Costs
4.3.1 Increasing Ability to Mass Produce Composites in the Construction Sector
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Resin Type
5.1.1 Polyester Resin
5.1.2 Vinyl Ester
5.1.5 Epoxy Resin
5.1.6 Others (Phenolic, etc.)
5.2 By Fiber Type
5.2.1 Polymer Fibers
5.2.2 Glass Fibers
5.2.3 Natural Fibers
5.2.4 Others (Basalt fibers, etc.)
5.3 By End-users
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN countries
6.1.6 Rest of Asia-Pacific
6.2.4 United Kingdom
6.2.7 Rest of Europe
6.3 North America
6.3.1 United States
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 The Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 Advanced Environmental Recycling Technologies, Inc. (AERT)
9.2 Bedford Reinforced Plastics
9.3 Diversified Structural Composites
9.4 Exel Composites
9.5 Fibergrate Composite Structure, Inc.
9.6 Fibrolux GmbH
9.7 Hughes Brothers, Inc.
9.8 Jiangsu Jiuding New Material Co. Ltd
9.9 Pultron Composites
9.10 Schoeck International
9.11 Sireg SPA
9.12 Strongwell Corporation
9.13 Tamko Building Products, Inc.
9.15 Trex Company, Inc.
9.16 UPM Biocomposites
*List not Exhaustive
** Subject to availability on public Domain
- Advanced Environmental Recycling Technologies Inc. (AERT)
- Bedford Reinforced Plastics
- Diversified Structural Composites
- Exel Composites
- Fibergrate Composite Structure Inc.
- Fibrolux GmbH
- Hughes Brothers Inc.
- Jiangsu Jiuding New Material Co. Ltd
- Pultron Composites
- Schoeck International
- Sireg SPA
- Strongwell Corporation
- Tamko Building Products Inc.
- Trex Company Inc.
- UPM Biocomposites