HOME Top Market Reports Construction Composites Market by Fiber Type (Carbon, and Natural Fiber), Resin Type (Polyester, Vinyl Ester, Polyethylene and Polypropylene), Application (Industrial, Commercial, Housing and Civil) - Global Forecast to 2026

Construction Composites Market by Fiber Type (Carbon, and Natural Fiber), Resin Type (Polyester, Vinyl Ester, Polyethylene and Polypropylene), Application (Industrial, Commercial, Housing and Civil) - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: CH 4716

 

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In terms of value, the construction composites market was valued at USD 4.75 Billion, in 2015, and is projected to reach USD 8.98 Billion by 2026 at a CAGR of 6.00% between 2016 and 2026. Construction composites are becoming crucial in industrial, commercial and civil applications due to the light weight & superior properties, low maintenance and long product life. In this study, the years considered to estimate the market size of construction composites are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021 & 2026
  • Forecast Period – 2016 to 2026

2015 has been considered the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the construction composites market size, in terms of value and volume
  • To identify and measure the construction composites market by resin type, fiber type, application, and region
  • To analyze significant region-specific market trends in North America, Europe, the Asia-Pacific region, Latin America and Middle East & Africa (ME&A) and country-specific trends in the U.S., Canada, Germany, France, the U.K., China, and India  To provide detailed information regarding the major factors influencing the growth of the construction composites market ( drivers, restraints, opportunities, industry-specific challenges, and burning issues)
  • To strategically profile and analyze the key market players and their core competencies
  • To analyze recent market developments such as partnerships, joint ventures, and mergers & acquisitions in the construction composites market

Various secondary sources such as company websites, encyclopedias, directories, and databases such as Composite World, Factiva, and American Composites Manufacturers Association and so on have been used to understand and gain insights into the construction composites market. Experts from top construction composite companies have been interviewed to verify and collect critical information and to assess the trends in the construction composites market for the forecast period. The top-down, bottom-up and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

Construction Composites Market

To know about the assumptions considered for the study, download the pdf brochure

The construction composites market has a diversified ecosystem, including downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Some of the major raw material suppliers are PPG industries (U.S.), Jushi group Co. Ltd. (China), Owens Corning (U.S.), Ashland, Inc. (U.S.), Huntsman Corporation (U.S) and others.

The construction composites value chain includes resin manufacturers such as Ashland, Inc. (U.S.), Huntsman Corporation (U.S) and others. Glass fiber manufacturers include PPG industries (U.S.), Jushi group Co. Ltd. (China), Owens Corning (U.S.) and many more. Further, the manufacturers of construction composites supply their products to various entities for industrial, commercial, housing and civil applications.

This study focuses on the top investment pockets, which would help the stakeholders understand and analyze the emerging trends in the construction composites market. These stakeholders include:

  • Strongwell Corporation (U.S.)
  • Exel Composites Oyj (Finland)
  • Trex Company, Inc. (U.S.)
  • UPM Biocomposites (Finland)
  • Advanced Environmental Recycling Technologies, Inc. (U.S.)
  • Bedford Reinforced Plastics (U.S.)
  • Hughes Brothers (U.S.)
  • Diversified Structural Composites (U.S.)
  • Schoeck International (U.S.)
  • Jiangsu Juiding New Material Co., Ltd. (China)

Scope of the Report:

This research report categorizes the construction composites market based on resin type, fiber reinforcement type, application, and region. It forecasts revenue growth and analyzes trends in each of the submarkets till 2026.

On the Basis of Resin type

  • Polyester
  • Vinyl Ester
  • Polyethylene
  • Polypropylene

On the Basis of Fiber Reinforcement type,

  • Glass fiber
  • Natural fiber

On the Basis of Application, 

  • Industrial
  • Commercial
  • Housing
  • Civil

On the Basis of Region,

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North American construction composites market
  • Further breakdown of the European construction composites market
  • Further breakdown of the Asia-Pacific region construction composites market
  • Further breakdown of the Middle Eastern & African construction composites market
  • Further breakdown of the Latin American construction composites market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Significant Opportunities in the Construction Composites Market
    4.2 Construction Composites Market, By Resin Type
    4.3 Construction Composites Market, By Application and Region
    4.4 Construction Composites Market Share, By Country
    4.5 Construction Composites Market, By Fiber Type
    4.6 Construction Composites Market, By Application

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Resin Type
           5.2.2 By Fiber Type
           5.2.3 By Application
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Use of Composites in Construction Applications
                    5.3.1.2 Long Lifecycle and Low Maintenance Cost
                    5.3.1.3 Rapid Urbanization and Economic Growth in Emerging Economies
                    5.3.1.4 Development of Innovative Products
           5.3.2 Restraints
                    5.3.2.1 High Initial Production and Installation Costs of Composites
                    5.3.2.2 Recyclability Issues
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand for Composites in Civil Applications in North America
                    5.3.3.2 Increasing Demand for Pultruded Profiles
           5.3.4 Challenges
                    5.3.4.1 Availability of Low-Cost Substitutes
                    5.3.4.2 High R&D Costs
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Buyers
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Cost Structure Analysis

6 Macroeconomic Overview (Page No. - 49)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Construction Composite Demand
    6.4 Trends and Forecast of the Construction Industry and Its Impact on the Construction Composites Market
           6.4.1 Trends and Forecast of the Construction Industry in North America
                    6.4.1.1 Trends of Residential and Non-Residential Construction Industries in North America
           6.4.2 Trends and Forecast of the Construction Industry in Europe
                    6.4.2.1 Construction Industry Trend in Europe
                    6.4.2.2 Trends of the Residential and Non-Residential Construction Industry in Europe
           6.4.3 Trends and Forecast of the Construction Industry in Asia-Pacific
                    6.4.3.1 Construction Industry Trend in Asia-Pacific
           6.4.4 Trends and Forecast of Construction Industry in AE&A
           6.4.5 Trends and Forecast of Construction Industry in Latin America

7 Construction Composites Market, By Resin Type (Page No. - 60)
    7.1 Introduction
    7.2 Polyester Resin
    7.3 Vinyl Ester
    7.4 Polyethylene
    7.5 Polypropylene
    7.6 Others
           7.6.1 Phenolic Resin
           7.6.2 Polyurethane Resin
           7.6.3 Epoxy Resin

8 Construction Composites Market, By Fiber Type (Page No. - 71)
    8.1 Introduction
    8.2 Glass Fiber
           8.2.1 Glass Fiber Construction Composites Market, By Region
    8.3 Natural Fiber
           8.3.1 Wood Fiber Composites
           8.3.2 Non-Wood Fiber Composites
           8.3.3 Natural Fiber Construction Composites Market, By Region
    8.4 Others
           8.4.1 Carbon Fiber
           8.4.2 Basalt Fiber
           8.4.3 Other Fiber-Based Construction Composites Market, By Region

9 Construction Composites Market, By Application (Page No. - 79)
    9.1 Introduction
    9.2 Industrial
           9.2.1 Water Treatment Plants
           9.2.2 Oil & Gas
           9.2.3 Chemical
           9.2.4 Power Generation
    9.3 Commercial
           9.3.1 Hotels & Resorts
           9.3.2 Marine
           9.3.3 ATC Towers
           9.3.4 Parking Structures
    9.4 Housing
           9.4.1 FRP Window & Door
           9.4.2 Composite Decking & Railing
    9.5 Civil
           9.5.1 Highways
           9.5.2 Bridges
           9.5.3 Tunneling
           9.5.4 Structural Strengthening and Monument Restorations

10 Regional Analysis (Page No. - 91)
     10.1 Introduction
     10.2 North America
             10.2.1 Construction Composites Market Size in North America, By Country
                        10.2.1.1 U.S.
                        10.2.1.2 Canada
             10.2.2 Construction Composites Market Size in North America, By Resin Type
             10.2.3 Construction Composites Market Size in North America, By Application
     10.3 Europe
             10.3.1 Construction Composites Market Size in Europe, By Country
                        10.3.1.1 Germany
                        10.3.1.2 U.K.
                        10.3.1.3 France
                        10.3.1.4 Italy
                        10.3.1.5 Spain
                        10.3.1.6 Netherlands
             10.3.2 Construction Composites Market Size in Europe, By Resin Type
             10.3.3 Construction Composites Market Size in Europe, By Application
     10.4 Asia-Pacific
             10.4.1 Construction Composites Market Size in Asia-Pacific, By Country
                        10.4.1.1 China
                        10.4.1.2 Japan
                        10.4.1.3 India
                        10.4.1.4 Australia & New Zealand
                        10.4.1.5 South Korea
             10.4.2 Construction Composites Market Size in Asia-Pacific, By Resin Type
             10.4.3 Construction Composites Market Size in Asia-Pacific, By Application
     10.5 Middle East & Africa
             10.5.1 Construction Composites Market Size in Middle East & Africa, By Country
                        10.5.1.1 UAE
                        10.5.1.2 Qatar
                        10.5.1.3 Saudi Arabia
                        10.5.1.4 South Africa
             10.5.2 Construction Composites Market Size in Middle East & Africa, By Resin Type
             10.5.3 Construction Composites Market Size in Middle East & Africa, By Application
     10.6 Latin America
             10.6.1 Construction Composites Market Size in Latin America, By Country
                        10.6.1.1 Brazil
                        10.6.1.2 Mexico
             10.6.2 Construction Composites Market Size in Latin America, By Resin Type
             10.6.3 Construction Composites Market Size in Latin America, By Application

11 Competitive Landscape (Page No. - 117)
     11.1 Overview
     11.2 Competitive Situation and Trends
     11.3 Market Share Estimation
             11.3.1 Strongwell Corporation
             11.3.2 Exel Composites
             11.3.3 Jiangsu Juiding New Material Co. Ltd.
             11.3.4 Trex Company, Inc.
             11.3.5 UPM Biocomposites
             11.3.6 Weyerhauser Company
     11.4 Recent Developments
             11.4.1 Agreements
             11.4.2 Expansions
             11.4.3 New Product Launches

12 Company Profiles (Page No. - 126)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Strongwell Corporation
     12.2 Exel Composites
     12.3 Trex Company, Inc.
     12.4 UPM Biocomposites
     12.5 Bedford Reinforced Plastics
     12.6 Advanced Environmental Recycling Technologies, Inc. (AERT)
     12.7 Hughes Brothers, Inc.
     12.8 Diversified Structural Composites
     12.9 Schoeck International
     12.10 Jiangsu Jiuding New Material Co., Ltd.
     12.11 Other Key Players

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 147)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (79 Tables)

Table 1 Construction Composites Market Size, 2014–2026
Table 2 Construction Composites Market, By Resin Type
Table 3 Construction Composites Market, By Fiber Type
Table 4 Construction Composites Market, By Application
Table 5 Construction Composites Market, By Region
Table 6 Impact Analysis of Drivers
Table 7 Cost Structure of Construction Composites
Table 8 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 9 Per Capita GDP vs Per Capita Construction Composite Demand, 2015
Table 10 Contribution of the Construction Industry to the GDP of North America, USD Billion (2014–2021)
Table 11 Contribution of the Construction Industry to the GDP of Europe, USD Billion (2014–2021)
Table 12 Contribution of the Construction Industry to the GDP of Asia-Pacific, USD Billion (2014–2021)
Table 13 Contribution of Construction Industry to GDP in Middle East & Africa, USD Billion (2014–2021)
Table 14 Contribution of Construction Industry to GDP in Latin America, USD Billion (2014–2021)
Table 15 Construction Composites Market Size, By Resin Type, 2014–2026 (USD Million)
Table 16 Construction Composites Market Size, By Resin Type, 2014–2026 (Kiloton)
Table 17 Polyester-Based Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 18 Polyester-Based Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 19 Vinyl Ester-Based Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 20 Vinyl Ester-Based Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 21 Polyethylene-Based Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 22 Polyethylene-Based Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 23 Polypropylene-Based Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 24 Polypropylene-Based Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 25 Other Resin-Based Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 26 Other Resin-Based Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 27 Construction Composites Market Size, By Fiber Type, 2014–2026 (USD Million)
Table 28 Construction Composites Market Size, By Fiber Type, 2014–2026 (Kiloton)
Table 29 Glass Fiber Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 30 Glass Fiber Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 31 Natural Fiber Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 32 Natural Fiber Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 33 Other Fiber-Based Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 34 Other Fiber-Based Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 35 Construction Composites Market Size, By Application, 2014–2026 (USD Million)
Table 36 Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 37 Construction Composites Market Size in Industrial Application, By Region, 2014–2026 (USD Million)
Table 38 Construction Composites Market Size in Industrial Application, By Region, 2014–2026 (Kiloton)
Table 39 Construction Composites Market Size in Commercial Application, By Region, 2014–2026 (USD Million)
Table 40 Construction Composites Market Size in Commercial Application, By Region, 2014–2026 (Kiloton)
Table 41 Construction Composites Market Size in Housing Application, By Region, 2014–2026 (USD Million)
Table 42 Construction Composites Market Size in Housing Application, By Region, 2014–2026 (Kiloton)
Table 43 Construction Composites Market Size in Civil Application, By Region, 2014–2026 (USD Million)
Table 44 Construction Composites Market Size in Civil Application, By Region, 2014–2026 (Kiloton)
Table 45 Construction Composites Market Size, By Region, 2014–2026 (USD Million)
Table 46 Construction Composites Market Size, By Region, 2014–2026 (Kiloton)
Table 47 North America: Construction Composites Market Size, By Country, 2014–2026 (USD Million)
Table 48 North America: Construction Composites Market Size, By Country, 2014–2026 (Kiloton)
Table 49 North America: Construction Composites Market Size, By Resin Type, 2014–2026 (USD Million)
Table 50 North America: Construction Composites Market Size, By Resin Type, 2014–2026 (Kiloton)
Table 51 North America: Construction Composites Market Size, By Application, 2014–2026 (USD Million)
Table 52 North America: Construction Composites Market Size, By Application, 2014–2026 (Kiloton)
Table 53 Europe: Construction Composites Market Size, By Country, 2014–2026 (USD Million)
Table 54 Europe: Construction Composites Market Size, By Country, 2014–2026 (Kiloton)
Table 55 Europe: Construction Composites Market Size, By Resin Type, 2014–2026 (USD Million)
Table 56 Europe: Construction Composites Market Size, By Resin Type, 2014–2026 (Kiloton)
Table 57 Europe: Construction Composites Market Size, By Application, 2014–2026 (USD Million)
Table 58 Europe: Construction Composites Market Size, By Application, 2014–2026 (Kiloton)
Table 59 Asia-Pacific: Construction Composites Market Size, By Country, 2014–2026 (USD Million)
Table 60 Asia-Pacific: Construction Composites Market Size, By Country, 2014–2026 (Kiloton)
Table 61 Asia-Pacific: Construction Composites Market Size, By Resin Type, 2014–2026 (USD Million)
Table 62 Asia-Pacific: Construction Composites Market Size, By Resin Type, 2014–2026 (Kiloton)
Table 63 Asia-Pacific: Construction Composites Market Size, By Application, 2014–2026 (USD Million)
Table 64 Asia-Pacific: Construction Composites Market Size, By Application, 2014–2026 (Kiloton)
Table 65 Middle East & Africa: Construction Composites Market Size, By Country, 2014–2026 (USD Million)
Table 66 Middle East & Africa: Construction Composites Market Size, By Country, 2014–2026 (Kiloton)
Table 67 Middle East & Africa: Construction Composites Market Size, By Resin Type, 2014–2026 (USD Million)
Table 68 Middle East & Africa: Construction Composites Market Size, By Resin Type, 2014–2026 (Kiloton)
Table 69 Middle East & Africa: Construction Composites Market Size, By Application, 2014–2026 (USD Million)
Table 70 Middle East & Africa: Construction Composites Market Size, By Application, 2014–2026 (Kiloton)
Table 71 Latin America: Construction Composites Market Size, By Country, 2014–2026 (USD Million)
Table 72 Latin America: Construction Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 73 Latin America: Construction Composites Market Size, By Resin Type, 2014–2026 (USD Million)
Table 74 Latin America: Construction Composites Market Size, By Resin Type, 2014–2026 (Kiloton)
Table 75 Latin America: Construction Composites Market Size, By Application, 2014–2026 (USD Million)
Table 76 Latin America: Construction Composites Market Size, By Application, 2014–2026 (Kiloton)
Table 77 Agreements, 2011–2016
Table 78 Expansions, 2011–2016
Table 79 New Product Launches, 2011–2016


List of Figures (63 Figures)

Figure 1 Construction Composites: Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Construction Composites Market: Research Design
Figure 4 Key Data From Secondary Sources
Figure 5 Key Data From Primary Sources
Figure 6 Key Industry Insights
Figure 7 Breakdown of Primary Interviews
Figure 8 Bottom-Up Approach
Figure 9 Top-Down Approach
Figure 10 Data Triangulation
Figure 11 Assumptions
Figure 12 Polyester Resin is Expected to Drive the Construction Composites Market, 2016-2021
Figure 13 Natural Fiber is Projected to Register the Highest CAGR in the Construction Composites Market, 2016-2021
Figure 14 Industrial Application to Dominate the Construction Composites Market, 2016-2021
Figure 15 Asia-Pacific Dominated the Construction Composites Market in 2015
Figure 16 Attractive Opportunities in the Construction Composites Market
Figure 17 Polyethylene to Be the Fastest-Growing Resin Type in the Construction Composites Market
Figure 18 Asia-Pacific Dominated the Construction Composites Market in 2015
Figure 19 U.S. Accounted for A Major Share of the Construction Composites Market
Figure 20 Natural Fiber to Register the Highest CAGR in the Construction Composites Market, 2016-2021
Figure 21 Industrial Application to Account for the Largest Market Share, 2016-2021
Figure 22 Drivers, Restraints, Opportunities, and Challenges of the Construction Composites Market
Figure 23 Porter’s Five Forces Analysis of the Construction Composites Market
Figure 24 Cost Structure of Construction Composites
Figure 25 Trends and Forecast of GDP, USD Billion (2016–2021)
Figure 26 Per Capita GDP vs Per Capita Construction Composite Demand
Figure 27 Trends and Forecast of the Construction Industry in North America
Figure 28 Trends of Residential and Non-Residential Construction Industries in North America
Figure 29 Trends and Forecast of the Construction Industry in Europe
Figure 30 Trends of Residential and Non-Residential Construction Industries in Europe
Figure 31 Trends and Forecast of the Construction Industry in Asia-Pacific
Figure 32 Construction Industry in Saudi Arabia Contributes the Maximum to the GDP in Middle East & Africa, USD Billion, 2015 vs 2021
Figure 33 Construction Industry in Brazil Contributes the Maximum to the GDP in Latin America, USD Billion, 2015 vs 2021.
Figure 34 Polyester Resin-Based Construction Composites Dominates the Market, 2016-2021
Figure 35 Polyester Resin Dominated the Construction Composites Market in Asia-Pacific, 2016-2021
Figure 36 North America Dominates the Vinyl Ester-Based Construction Composites Market, 2016-2021
Figure 37 Asia-Pacific to Lead the Other Resin-Based Construction Composites Market, 2016-2021
Figure 38 Natural Fiber to Be the Fastest-Growing Fiber Type in the Construction Composites Market, 2016-2021
Figure 39 Asia-Pacific is Projected to Register the Highest CAGR in the Glass Fiber Construction Composites Market, 2016-2021
Figure 40 North America Accounts for the Largest Share of the Natural Fiber-Based Construction Composites Market, 2016-2021
Figure 41 Industrial Application to Dominate the Construction Composites Market, 2016-2021
Figure 42 Asia Pacific Dominates the Construction Composites Market in Industrial Application, 2016-2021
Figure 43 North America Accounts for the Major Share of the Construction Composites Market in Commercial Application
Figure 44 The Market in North America to Register the Highest Growth Rate in Housing Application, 2016-2021
Figure 45 North America is the Largest Construction Composites Market in Civil Application, 2016-2021
Figure 46 China and U.S. to Drive the Construction Composites Market Between 2016 and 2021
Figure 47 North America Construction Composites Market Snapshot: U.S. is the Most Lucrative Market
Figure 48 Europe Construction Composites Market Snapshot: Germany is the Most Lucrative Market
Figure 49 Asia-Pacific Construction Composites Market Snapshot: China is the Largest Construction Composites Market
Figure 50 Middle East & Africa Construction Composites Market Snapshot: Saudi Arabia is the Most Lucrative Market
Figure 51 Latin America Construction Composites Market Snapshot: Mexico is the Most Lucrative Market, 2016-2021
Figure 52 Agreements are the Most Preferred Growth Strategy Adopted By Major Players, 2011-2016
Figure 53 Market Development Matrix: Maximum Number of Developments Were Witnessed in 2013
Figure 54 Growth Strategies Adopted By Market Players in the Construction Composites Market, 2011–2016
Figure 55 Strongwell Corporation: the Largest Pultruded Company in the Construction Composites Market
Figure 56 Trex Company, Inc.: the Largest Natural Fiber Composite Company in the Construction Composites Market
Figure 57 Strongwell Corporation: SWOT Analysis
Figure 58 Exel Composites: Company Snapshot
Figure 59 Exel Composites: SWOT Analysis
Figure 60 Trex Company, Inc.: Company Snapshot
Figure 61 Trex Company, Inc.: SWOT Analysis
Figure 62 UPM Biocomposites: Company Snapshot
Figure 63 AERT: Company Snapshot

The global construction composites market is projected to reach USD 8.98 Billion by 2026, at a CAGR of 6.00%, during the forecast period, 2016 and 2026. The increase in the penetration of construction composites in the construction industry, the long life & low maintenance requirement, rapid urbanization & economic boom in the emerging countries and the development of innovative products, are key factors responsible for the growth of the construction composites market.

The global construction composites market is segmented into resin type, fiber type, application and region. The construction composites market, by resin type is segmented into polyester, vinyl ester, polyethylene, polypropylene and other resins. The polypropylene resin construction composites market is expected to grow faster during the forecast period, as polypropylene resin based construction composites offer various thermal and mechanical properties, such as resistance to corrosive liquids, excellent electrical insulation and good performance at elevated temperatures, lower styrene emissions as compared to polyester resins, good adhesion strength to the different varieties of reinforcements, and so on.

The construction composites market, by fiber type is further segmented into glass fiber and natural fiber construction composites. The glass fiber construction composites market is the largest in terms of value and volume owing to the growing demand from applications such as industrial, commercial, housing, and civil.

The major applications in the construction composites market include industrial, commercial, housing and civil. The industrial application constituted a major portion in the construction composites market, by value and volume. Composites offer various features including resistance to corrosion & heat, dimensional stability, flexibility, high strength & stiffness and so on, due to which, the usage of composites in industries is witnessing a growing trend.

North America is expected to be the fastest-growing market for construction composites during the next five years. The factors that contribute to this growth are, the increasing urbanization and industrialization, coupled with long life & the low maintenance requirement. This has resulted in the high demand for construction composites in existing applications such as civil, commercial and industrial. Thus, these growing application industries are expected to drive the construction composites market in the North American region.

Construction Composites Market

The global construction composites market is rapidly growing, in terms of value. However, a few factors act as restraints in its growth in the global construction composites market. The high initial production & installation costs and issues related to recyclability are major restraints in the growth of the global construction composites market.

Companies such as, Advanced Environmental Recycling Technologies, Inc. (U.S.), Bedford Reinforced Plastics (U.S.), Diversified Structural Composites (U.S.), Exel Composites Oyj (Finland), Hughes Brothers, Inc. (U.S.), Jamco Corporation (Japan), Schoeck International (Germany), Strongwell Corporation (U.S.), Trex Company, Inc. (U.S.) and UPM Biocomposites (Finland) and others are the leading market players in the global construction composites market. They have been adopting various organic and inorganic growth strategies such as agreements, new product developments and expansions to enhance their shares in the global construction composites market.

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