The
global construction composites
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 research report on Global Construction Composites Market: 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
- U.S.
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
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.
No comments:
Post a Comment