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The Construction Repair Composites Market size was estimated at USD 436.26 million in 2023, USD 479.23 million in 2024, and is expected to grow at a CAGR of 9.99% to reach USD 849.70 million by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Construction repair composites are advanced, high-performance materials specifically designed and formulated to restore the structural integrity, durability, and functionality of various building components that have undergone wear, damage, or degradation over time. Construction repair composites are made from high-performance fibers such as glass, carbon, or aramid entrenched in thermosetting or thermoplastic resin matrices. They primarily provide superior strength-to-weight ratio, corrosion resistance, and improved lifecycle maintenance than traditional materials such as steel and concrete. Composites are extensively used in applications such as strengthening bridges and buildings, reinforcing pipelines and tunnels, protecting against earthquakes and corrosion-induced deterioration, repairing historic monuments, retrofitting industrial facilities for energy efficiency, and supporting transportation infrastructure. The construction repair composite market is expanding significantly owing to rapid urbanization worldwide, aging infrastructure requiring rehabilitation or replacement, and stringent environmental regulations mandating the usage of eco-friendly materials.
Furthermore, technological advancements leading to cost-effective composite materials production methods and increasing awareness of their benefits across industries have also contributed to market expansion. However, high initial costs associated with raw material procurement and processing techniques may deter some potential clients from adopting these products. Additionally, a lack of skilled labor force capable of handling complex installation processes can pose difficulties in implementing these advanced solutions. Nevertheless, novel application techniques such as near-surface mounted (NSM) or embedded fiber-reinforced polymers (FRP) have emerged as viable alternatives to externally bonded reinforcement, addressing compatibility issues and reducing installation complexity. Developing low VOC emission resins, new curing techniques using ultraviolet (UV) radiation or microwave energy, and incorporating recycled materials enhance the sustainability quotient of composites, making them more attractive for eco-conscious clients.
Regional Insights
The United States covers the largest share of the construction repair composites market in the Americas, with significant investments in infrastructural development. On the other hand, in Canada, the demand for construction repair composites is rising owing to increased government spending on infrastructure projects. Regulatory bodies such as ASTM International provide product quality and performance requirements guidelines. In Europe, EU countries experience a high demand for construction repair composites driven by aging infrastructure requiring rehabilitation works. The UK has seen steady growth in the market for advanced composite materials used in construction repair projects.Furthermore, the rising urbanization, favorable government initiatives, and surging commercial and residential construction activities in the Middle East and Africa area expand the use of construction composite materials. In APAC, China leads the construction repair composites market due to massive investments in infrastructure development initiatives such as the Belt and Road Initiative. Japan is witnessing increased demand for composite materials following natural disasters that require rebuilding efforts. India's construction sector is growing rapidly, creating significant opportunities for advanced materials like composites.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Construction Repair Composites Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Construction Repair Composites Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Construction Repair Composites Market, highlighting leading vendors and their innovative profiles. These include AB-SCHOMBURG, Aegion Corporation, Arma Group Inc., Armastek, Armplast, Chomarat Group, Cinven Limited, Composite-Tech, Critica Infrastructure, Dextra Group, DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Exel Composites, Fosroc, Inc., Galen Panamerica LLC, Hubei Yulong group Jinli New Materials Co., Ltd., Maccaferri Spa, Mapei S.p.A., Master Builders Solutions, MRG-Composites, Ollearis SA, Owens Corning, Pultron Composites, Pulwell Composites Co.,Ltd, Rhino Linings Corporation, Saint-Gobain Composite Solutions, Shandong Linxu Materials Co., Ltd., Sika AG, Simpson Manufacturing Company, Inc., Sireg Geotech Srl, and Strongwell Corporation.Market Segmentation & Coverage
This research report categorizes the Construction Repair Composites Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Adhesive
- Mesh
- Plate
- Rebar
- Textile or Fabric
- Fiber Type
- Carbon Fiber
- Glass Fiber
- Application
- Bridge
- Commercial & Residential
- Industrial Structure
- Oil & Natural Gas Pipeline
- Water Structure
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Construction Repair Composites Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction Repair Composites Market?
- What are the technology trends and regulatory frameworks in the Construction Repair Composites Market?
- What is the market share of the leading vendors in the Construction Repair Composites Market?
- Which modes and strategic moves are suitable for entering the Construction Repair Composites Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Construction Repair Composites Market, by Product
7. Construction Repair Composites Market, by Fiber Type
8. Construction Repair Composites Market, by Application
9. Americas Construction Repair Composites Market
10. Asia-Pacific Construction Repair Composites Market
11. Europe, Middle East & Africa Construction Repair Composites Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- AB-SCHOMBURG
- Aegion Corporation
- Arma Group Inc.
- Armastek
- Armplast
- Chomarat Group
- Cinven Limited
- Composite-Tech
- Critica Infrastructure
- Dextra Group
- DowAksa İleri Kompozit Malzemeler San. Ltd. Şti.
- Exel Composites
- Fosroc, Inc.
- Galen Panamerica LLC
- Hubei Yulong group Jinli New Materials Co., Ltd.
- Maccaferri Spa
- Mapei S.p.A.
- Master Builders Solutions
- MRG-Composites
- Ollearis SA
- Owens Corning
- Pultron Composites
- Pulwell Composites Co.,Ltd
- Rhino Linings Corporation
- Saint-Gobain Composite Solutions
- Shandong Linxu Materials Co., Ltd.
- Sika AG
- Simpson Manufacturing Company, Inc.
- Sireg Geotech Srl
- Strongwell Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 479.23 Million |
| Forecasted Market Value ( USD | $ 849.7 Million |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
