Composites in Construction Market By Fiber Type (Carbon Fiber, Glass fiber, Natural Fiber, Polymer Fiber, Others) , By Resin Type (Epoxy, Polyurethane, Polypropylene, Polyester Resins, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

August 2024 | 340 pages | ID: CB45D288C668EN
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Composites in Construction Market

The composites in construction market was valued at $17.8 billion in 2023 and is projected to reach $37.1 billion by 2033, growing at a CAGR of 7.6% from 2024 to 2033.

Composite used in construction processes is a material formed by the combination of two or more components that are chemically distinctive in nature. Formation of a composite is essential as the properties obtained by the blend of components are not achieved when they are used individually. Two major constituents that form a composite include matrix and reinforcement. A matrix is essential to hold the reinforcement in place, while the latter provides stiffness and strength to the composite. The major benefits of using a composite include durability, design flexibility, and lightweight property.

Increase in inclination toward lightweight construction is a key driver of the composites in construction market. In addition, composites observe a surge in adoption due to their ability to offer a long service life with minimal maintenance. A current trend acquiring traction in the market is the development of smart composites. They are made from metals that exhibit the ability to change their shape or properties upon receiving external stimuli, including temperature, electric fields, or pressure. Furthermore, the self-healing property of smart composites finds applications in the aerospace industry for the development of antennas.

However, the formation of composites is a cost-intensive process that impacts the overall price. High costs prevent the usage of composites in several small-scale construction projects, hampering the development of the market. Moreover, working with composite materials requires skilled labor force, lack of which restrains the market growth. On the contrary, rise in inclination toward adopting eco-friendly practices in construction is presenting remunerative opportunities for the composites in construction market. According to the 2023 Global Status Report for Buildings and Construction by the UN Environment Programme, buildings contributed for around 34% of global energy demand and 37% of carbon emissions in 2022. To reduce this impact, manufacturers are focusing on the development of bio-composites made from biodegradable matrices and high strength natural fibers. The sustainability and enhanced safety & health benefits of bio-composites are projected to open new avenues for the market.

Segment Review

The composites in construction market is segmented into fiber type, resin type, and region. On the basis of fiber type, the market is divided into carbon fiber, glass fiber, natural fiber, polymer fiber, and others. By resin type, it is classified into epoxy, polyurethane, polypropylene, polyester resins, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of fiber type, the glass fiber segment held a high market share in 2023.

By resin type, the polyester resins segment acquired a high stake in the market in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The leading players operating in the global composites in construction market include Toray Industries Inc., Hexcel Corporation, Owens Corning, Sika AG, BASF SE, Huntsman Corporation, Nippon Electric Glass Co. Ltd., PPG Industries, Inc., TEIJIN AUTOMOTIVE TECHNOLOGIES, and Teijin Limited. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
  • Analysis of raw material in a product (by %)
  • Manufacturing Capacity
  • Product Life Cycles
  • Upcoming/New Entrant by Regions
  • Go To Market Strategy
  • New Product Development/ Product Matrix of Key Players
  • Additional company profiles with specific to client's interest
  • Historic market data
  • SWOT Analysis
Key Market Segments

By Fiber Type
  • Carbon Fiber
  • Glass fiber
  • Natural Fiber
  • Polymer Fiber
  • Others
By Resin Type
  • Epoxy
  • Polyurethane
  • Polypropylene
  • Polyester Resins
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of LAMEA
  • Key Market Players
  • Toray Industries Inc.
  • Hexcel Corporation
  • Owens Corning
  • Sika AG
  • BASF SE
  • Huntsman Corporation
  • Nippon Electric Glass Co. Ltd.
  • PPG Industries, Inc.
  • TEIJIN AUTOMOTIVE TECHNOLOGIES
  • Teijin Limited
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: COMPOSITES IN CONSTRUCTION MARKET, BY FIBER TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Fiber Type
4.2. Carbon Fiber
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Glass Fiber
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Natural Fiber
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. Polymer Fiber
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country
4.6. Others
  4.6.1. Key Market Trends, Growth Factors and Opportunities
  4.6.2. Market Size and Forecast, By Region
  4.6.3. Market Share Analysis, By Country

CHAPTER 5: COMPOSITES IN CONSTRUCTION MARKET, BY RESIN TYPE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Resin Type
5.2. Epoxy
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Polyurethane
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Polypropylene
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country
5.5. Polyester Resins
  5.5.1. Key Market Trends, Growth Factors and Opportunities
  5.5.2. Market Size and Forecast, By Region
  5.5.3. Market Share Analysis, By Country
5.6. Others
  5.6.1. Key Market Trends, Growth Factors and Opportunities
  5.6.2. Market Size and Forecast, By Region
  5.6.3. Market Share Analysis, By Country

CHAPTER 6: COMPOSITES IN CONSTRUCTION MARKET, BY REGION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Region
6.2. North America
  6.2.1. Key Market Trends and Opportunities
  6.2.2. Market Size and Forecast, By Fiber Type
  6.2.3. Market Size and Forecast, By Resin Type
  6.2.4. Market Size and Forecast, By Country
  6.2.5. U.S. Composites in Construction Market
    6.2.5.1. Market Size and Forecast, By Fiber Type
    6.2.5.2. Market Size and Forecast, By Resin Type
  6.2.6. Canada Composites in Construction Market
    6.2.6.1. Market Size and Forecast, By Fiber Type
    6.2.6.2. Market Size and Forecast, By Resin Type
  6.2.7. Mexico Composites in Construction Market
    6.2.7.1. Market Size and Forecast, By Fiber Type
    6.2.7.2. Market Size and Forecast, By Resin Type
6.3. Europe
  6.3.1. Key Market Trends and Opportunities
  6.3.2. Market Size and Forecast, By Fiber Type
  6.3.3. Market Size and Forecast, By Resin Type
  6.3.4. Market Size and Forecast, By Country
  6.3.5. France Composites in Construction Market
    6.3.5.1. Market Size and Forecast, By Fiber Type
    6.3.5.2. Market Size and Forecast, By Resin Type
  6.3.6. Germany Composites in Construction Market
    6.3.6.1. Market Size and Forecast, By Fiber Type
    6.3.6.2. Market Size and Forecast, By Resin Type
  6.3.7. Italy Composites in Construction Market
    6.3.7.1. Market Size and Forecast, By Fiber Type
    6.3.7.2. Market Size and Forecast, By Resin Type
  6.3.8. Spain Composites in Construction Market
    6.3.8.1. Market Size and Forecast, By Fiber Type
    6.3.8.2. Market Size and Forecast, By Resin Type
  6.3.9. UK Composites in Construction Market
    6.3.9.1. Market Size and Forecast, By Fiber Type
    6.3.9.2. Market Size and Forecast, By Resin Type
  6.3.10. Rest Of Europe Composites in Construction Market
    6.3.10.1. Market Size and Forecast, By Fiber Type
    6.3.10.2. Market Size and Forecast, By Resin Type
6.4. Asia-Pacific
  6.4.1. Key Market Trends and Opportunities
  6.4.2. Market Size and Forecast, By Fiber Type
  6.4.3. Market Size and Forecast, By Resin Type
  6.4.4. Market Size and Forecast, By Country
  6.4.5. China Composites in Construction Market
    6.4.5.1. Market Size and Forecast, By Fiber Type
    6.4.5.2. Market Size and Forecast, By Resin Type
  6.4.6. Japan Composites in Construction Market
    6.4.6.1. Market Size and Forecast, By Fiber Type
    6.4.6.2. Market Size and Forecast, By Resin Type
  6.4.7. India Composites in Construction Market
    6.4.7.1. Market Size and Forecast, By Fiber Type
    6.4.7.2. Market Size and Forecast, By Resin Type
  6.4.8. South Korea Composites in Construction Market
    6.4.8.1. Market Size and Forecast, By Fiber Type
    6.4.8.2. Market Size and Forecast, By Resin Type
  6.4.9. Australia Composites in Construction Market
    6.4.9.1. Market Size and Forecast, By Fiber Type
    6.4.9.2. Market Size and Forecast, By Resin Type
  6.4.10. Rest of Asia-Pacific Composites in Construction Market
    6.4.10.1. Market Size and Forecast, By Fiber Type
    6.4.10.2. Market Size and Forecast, By Resin Type
6.5. LAMEA
  6.5.1. Key Market Trends and Opportunities
  6.5.2. Market Size and Forecast, By Fiber Type
  6.5.3. Market Size and Forecast, By Resin Type
  6.5.4. Market Size and Forecast, By Country
  6.5.5. Brazil Composites in Construction Market
    6.5.5.1. Market Size and Forecast, By Fiber Type
    6.5.5.2. Market Size and Forecast, By Resin Type
  6.5.6. South Africa Composites in Construction Market
    6.5.6.1. Market Size and Forecast, By Fiber Type
    6.5.6.2. Market Size and Forecast, By Resin Type
  6.5.7. Saudi Arabia Composites in Construction Market
    6.5.7.1. Market Size and Forecast, By Fiber Type
    6.5.7.2. Market Size and Forecast, By Resin Type
  6.5.8. UAE Composites in Construction Market
    6.5.8.1. Market Size and Forecast, By Fiber Type
    6.5.8.2. Market Size and Forecast, By Resin Type
  6.5.9. Rest of LAMEA Composites in Construction Market
    6.5.9.1. Market Size and Forecast, By Fiber Type
    6.5.9.2. Market Size and Forecast, By Resin Type

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping Of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. Toray Industries Inc.
  8.1.1. Company Overview
  8.1.2. Key Executives
  8.1.3. Company Snapshot
  8.1.4. Operating Business Segments
  8.1.5. Product Portfolio
  8.1.6. Business Performance
  8.1.7. Key Strategic Moves and Developments
8.2. Hexcel Corporation
  8.2.1. Company Overview
  8.2.2. Key Executives
  8.2.3. Company Snapshot
  8.2.4. Operating Business Segments
  8.2.5. Product Portfolio
  8.2.6. Business Performance
  8.2.7. Key Strategic Moves and Developments
8.3. Owens Corning
  8.3.1. Company Overview
  8.3.2. Key Executives
  8.3.3. Company Snapshot
  8.3.4. Operating Business Segments
  8.3.5. Product Portfolio
  8.3.6. Business Performance
  8.3.7. Key Strategic Moves and Developments
8.4. Sika AG
  8.4.1. Company Overview
  8.4.2. Key Executives
  8.4.3. Company Snapshot
  8.4.4. Operating Business Segments
  8.4.5. Product Portfolio
  8.4.6. Business Performance
  8.4.7. Key Strategic Moves and Developments
8.5. BASF SE
  8.5.1. Company Overview
  8.5.2. Key Executives
  8.5.3. Company Snapshot
  8.5.4. Operating Business Segments
  8.5.5. Product Portfolio
  8.5.6. Business Performance
  8.5.7. Key Strategic Moves and Developments
8.6. Huntsman Corporation
  8.6.1. Company Overview
  8.6.2. Key Executives
  8.6.3. Company Snapshot
  8.6.4. Operating Business Segments
  8.6.5. Product Portfolio
  8.6.6. Business Performance
  8.6.7. Key Strategic Moves and Developments
8.7. Nippon Electric Glass Co. Ltd.
  8.7.1. Company Overview
  8.7.2. Key Executives
  8.7.3. Company Snapshot
  8.7.4. Operating Business Segments
  8.7.5. Product Portfolio
  8.7.6. Business Performance
  8.7.7. Key Strategic Moves and Developments
8.8. PPG Industries, Inc.
  8.8.1. Company Overview
  8.8.2. Key Executives
  8.8.3. Company Snapshot
  8.8.4. Operating Business Segments
  8.8.5. Product Portfolio
  8.8.6. Business Performance
  8.8.7. Key Strategic Moves and Developments
8.9. TEIJIN AUTOMOTIVE TECHNOLOGIES
  8.9.1. Company Overview
  8.9.2. Key Executives
  8.9.3. Company Snapshot
  8.9.4. Operating Business Segments
  8.9.5. Product Portfolio
  8.9.6. Business Performance
  8.9.7. Key Strategic Moves and Developments
8.10. Teijin Limited
  8.10.1. Company Overview
  8.10.2. Key Executives
  8.10.3. Company Snapshot
  8.10.4. Operating Business Segments
  8.10.5. Product Portfolio
  8.10.6. Business Performance
  8.10.7. Key Strategic Moves and Developments


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