The future of composite repair and rehab in the global construction industry looks promising with opportunities for civil infrastructure, existing and historic buildings, and parking structures applications. The composite repair and rehab in the global construction industry is expected to reach an estimated $372.1 million by 2028 with a CAGR of 1.9% from 2022 to 2028. The major driver for this market is the increase in seismic activities in North America and Japan regions resulting in major structural damages like old and obsolete buildings, bridges, highways, tunnels, parking structures etc.
Emerging Trends in the Composite Repair and Rehab in the Global Construction Industry
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing bio & recycled content in the repair and rehab of civil infrastructures, and the development of new fire-resistant polymers to improve the fire performance of composites for civil infrastructural applications
Composite Repair and Rehab in the Global Construction Industry by Segment
The study includes a forecast for the composite repair and rehab in the global construction industry market by application, fiber type, end use, and region as follows:
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2017-2028]:
- Civil Infrastructure
- Existing and Historic Building
- Parking Structure
- Others
By Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2017-2028]:
- Carbon Fiber Composite
- Glass Fiber Composites and Others
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2017-2028]:
- Civil
- Residential
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2017-2028]:
- North America
- Europe
- Asia Pacific
- Rest of the World
List of Composite Repair and Rehab in the Global Construction Industry Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite repair and rehab in the global construction industry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composite repair and rehab in the global construction industry companies profiled in this report includes.
- Aegion
- Sika
- Mapei
- Simpson Strong-Tie
- BASF Construction Chemicals Italia Spa (Master Builders Solution)
Composite Repair and Rehab in the Global Construction Industry Insight
- The analysts forecast that civil infrastructure will remain the largest end use segment over the forecast period due to high performance of FRP materials than conventional concrete and steel repair material in bridges, highways and tunnels resulting in increase in service life, reduction in maintenance costs, faster construction, and can allow increased vehicular load on equivalent sized structures because of weight reduction.
- Carbon Fiber composite repair and rehab in the global construction industry will remain the largest segment and it is expected to witness the highest growth over the forecast period due to low cost, high resistance properties and chemical stability.
- North America is expected to remain the largest region over the forecast period because of growth in infrastructural repair and rehab, especially in California which is the most affected state of natural calamities.
Features of Composite Repair and Rehab in the Global Construction Industry
- Size Estimates: Composite repair and rehab in the global construction industry market size estimation in terms of value ($M) and Volume (M lbs)
- Trend and Forecast Analysis: trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: size by application, fiber type, end use and region
- Regional Analysis: Composite repair and rehab in the global construction industry market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different application, fiber type, end use and regions for composite repair and rehab in the global construction industry market.
- Strategic Analysis: This includes M&A, new product development, and a competitive landscape for composite repair and rehab in the global construction market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q.1. What is the composite repair and rehab in the global construction industry market size?
Answer: The composite repair and rehab in the global construction industry market is expected to reach an estimated $ 372.1 million by 2028.
Q.2. What is the growth forecast for composite repair and rehab in the global construction industry market?
Answer: The composite repair and rehab in the global construction industry market is expected to grow at a CAGR of 1.9% from 2022 to 2028.
Q.3. What are the major drivers influencing the growth of composite repair and rehab in the global construction industry market?
Answer: The major driver for this market is the increase in seismic activities in North America and Japan regions resulting in major structural damages like old and obsolete buildings, bridges, highways, tunnels, parking structures etc. Q4. What are the major applications or end use industries for composite repair and rehab in the global construction industry?
Answer: Civil infrastructure, existing and historic buildings, and parking structures are the major applications for composite repair and rehab in the global construction industry.
Q.5. What are the emerging trends in composite repair and rehab in the global construction industry market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing bio & recycled content in the repair and rehab of civil infrastructures, and development of new fire-resistant polymers to improve the fire performance of composites for civil infrastructural applications.
Q.6. Who are the key composite repair and rehab in the global construction industry companies?
Answer: Some of the key composite repair and rehab in the global construction industry companies are as follows:
- Aegion
- Sika
- Mapei
- Simpson Strong-Tie
- BASF Construction Chemicals Italia Spa (Master Builders Solution)
Q.7. Which composite repair and rehab in the global construction industry product segment will be the largest in the future?
Answer: The analyst forecasts that carbon fiber composite repair and rehab in the global construction industry will remain the largest segment over the forecast period due to due to low cost, high resistance properties and chemical stability.
Q.8. In composite repair and rehab in the global construction industry market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region over next 5 years
Q.9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising potentials, high growth opportunities for the composite repair and rehab in the global construction industry market by application (civil infrastructure, existing and historic buildings, parking structures and others), fiber type (carbon fiber composite, glass fiber composites and others), end use (civil, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to the market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activities have taken place in the last 5 years in this market?
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aegion
- Sika
- Mapei
- Simpson Strong-Tie
- BASF Construction Chemicals Italia Spa (Master Builders Solution)
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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