Carbon Fiber Construction Repair Market

The carbon fiber construction repair market is projected to grow from USD 119 million in 2023 to USD 192 million by 2028, at a CAGR of 10.0%. Carbon fiber products are used in residential & commercial building, infrastructure, and industrial structures repair applications. The construction industry has many diverse and specialized requirements. Construction carbon fiber reinforcements are used in the construction industry for their excellent physical and mechanical properties, such as lightweight, high mechanical strength, thermal & chemical stability, and recyclability. The application of construction carbon fiber composites is now increasing as the requirement for construction and infrastructure repair projects is increasing across the globe. Lightweight, high strength, durability, and other performance properties are driving the demand for various carbon fiber composite products, such as fabric, mesh, rebar, plate, laminates, and grid.

The volatility in prices, high cost of carbon fiber, and supply chain disruptions are expected to hamper the market growth in the near future. The rising demand for commercial and industrial repair applications from the US, Germany, and Brazil, among other countries, is expected to provide immense opportunities for the market players in the near future. Furthermore, heavy investment by leading industry players to carry out R&D activities in the field of construction carbon fiber composites could help to reduce the cost of carbon fiber composite products used in repair projects.

Attractive Opportunities in Carbon Fiber Construction Repair Market Trends

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Carbon Fiber Construction Repair Market Dynamics

Driver: High demand for superior performance materials

Carbon fiber composites are increasingly being used in construction as an alternative to steel due to their high strength and low weight. It can be formed in different shapes and sizes and can be customized according to the needs of the consumers. It has low thermal conductivity and good cohesion with concrete. Owing to its much lighter weight, it is logistically much simpler to deliver carbon fiber composite products at the location of the construction sites. Thus, the supply chain also becomes much easier and smoother. The common applications of carbon fiber composites include strengthening structures made of steel, concrete, and iron, increasing load capacity of older structures, such as bridges, and the restoration of old historical buildings. The logistical advantage over steel and the reduction in time to install carbon fiber composites products in an ongoing project make it preferable in projects where there is a strict deadline, as it takes a much shorter time to work with carbon fiber composites products.

Restraint: High cost of carbon fiber

Carbon fiber is currently used in the construction industry in the form of bars, rods, mesh, and fabrics. Because of the high cost of carbon fibers, the average price of these products is higher than that of traditional products. Higher prices for such products have a greater impact in many developing countries, as consumers prefer more traditional alternatives. Because carbon fiber construction repair products are still uncommon, particularly in emerging markets, it will be difficult to compete with more traditional alternatives such as steel or aluminum. Prices may fall as mass production increases and carbon fiber manufacturing technology evolves.

Opportunity: Growing demand from emerging markets

Traditionally, the composites industry was concentrated in Japan, North America, and Europe. However, in recent years, there has been a significant shift toward emerging economies in Asia Pacific. Owing to rapid industrialization, the building & infrastructure sector is rapidly expanding in the growing and developing economies, creating a huge demand for materials used in construction. Thus, construction composite products have significant demand in such growing economies. The construction repair of various megastructures and infrastructure projects in these countries has been increasingly using reinforcement solutions, and construction composites have been adopted for various projects due to their long-term cost benefits.

Challenge: Development of technology to reduce cycle time

Huge investments are being made, and various laboratories are being set up to develop new technologies for producing low-cost carbon fiber (LCCF). ORNL (Tennessee, US) is leading a Department of Energy initiative to develop a technology for producing LCCF. Attempts are being made to modify the value chain of carbon fiber composites, but nothing concrete has been achieved yet. Problems are identified, but no significant development has been witnessed to reduce the cycle time in production lines. The future of carbon fiber construction repair products is dependent on the availability of lower-cost raw materials, which can bring down the price of such products and offer competition to traditional materials, especially in emerging markets.

Ecosystem: Carbon Fiber Construction Repair Market

Based on the application, the infrastructure segment is estimated to account for the largest carbon fiber construction repair market share during the forecast period.

Carbon fiber rebars, mesh, carbon fabric, and other products are widely used to increase the strength of old structures, such as bridges, water structures, historical structures, highways, and transportation structures across the world. Carbon fiber composite material has several advantages, including faster, easier, and less expensive installation and repair of structures because smaller cranes are required while working. They enable the delivery of large sections to construction sites, which reduces repair and assembly time and cost.

Based on product type, the fabric segment is anticipated to register the highest CAGR in carbon fiber construction repair market.

Fabrics offer flexibility, high strength, high modulus, and long shelf life. Carbon fiber fabrics or textiles are manufactured by twisting the fibers like a yarn (which is known as tow) and then weaving them into a fabric. The fabric comes in a variety of strengths, depending upon its weaves. Carbon fabrics have a variety of properties, such as flexibility, high strength, high modulus, lightweight, resistance to high temperature, and long shelf life. These fabrics provide various advantages, including easy installation, corrosion resistance, short construction period, low maintenance, and cost-effectiveness.

Europe to hold the largest market share during the forecast period.

The market for carbon fiber construction repair products in Europe is characterized by capacity expansions, joint ventures, and agreements among various leading market players. The building & construction industry is generating high demand for carbon fiber products. Its usage is high in various applications—residential, commercial, industrial, and other infrastructure projects. The usage of carbon fiber construction repair products, particularly in bridges across Europe, has been very high. New public projects, such as hospitals, schools, and public buildings, have been using carbon fiber construction repair products, and many historical structures across the continent have been reinforced and strengthened using carbon fiber construction repair products.

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Key Market Players

The carbon fiber construction repair market is dominated by a few globally established players. SIKA AG (Switzerland), Mapei SpA (Italy), Fosroc Inc. (UAE), Master Builders Solutions (Germany), Critica Infrastructure (US), AB-SCHOMBURG Yapi Kimyasallari A.S. (Turkey), Dowaksa (UAE), Dextra Group (Thailand), Rhino Carbon Fiber Reinforcement Products (US), Mitsubishi Chemical Corporation (Japan), Toray Industries Inc. (Japan), Simpson Strong-Tie Company Inc. (US), Antop Global Technology Co., Ltd. (China), Sireg Geotech S.r.l. (Italy), and Chomarat Group (US), among others, are the key manufacturers that secured major contracts in the last few years. The major focus was given to the contracts and new product development due to the changing requirements across the world.

These companies are pursuing a variety of inorganic and organic strategies in order to gain a foothold in the carbon fiber construction repair market. The research includes a detailed competitive analysis of these key players in the carbon fiber construction repair market, including company profiles, recent developments, and key market strategies.

Scope of the  Report

The study categorizes the carbon fiber construction repair market based on Product Type, Application, and Region.

By Product Type:

• Rebar
• Fabric
• Plate
• Others

By Application:

• Residential & Commercial Building
• Infrastructure
• Industrial

By Region:

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

Recent Developments

• In June 2023, FOSROC Inc. entered into a JV with Chemtech, a leading construction chemicals manufacturer in Egypt.
• In May 2023, Sika acquired MBCC Group to strengthen its footprint across all regions and reinforce its range of products and services across the entire construction life cycle.
• In September 2022, Mapei Group acquired ProfilPas, which is a leading manufacturer and seller of construction materials and accessories.
• In September 2022, Mitsubishi Chemical Corporation partnered with Ibaraki Prefecture governance body to establish circular industrial complex in Kashima coastal industrial zone and create a carbon- neutral industrial base located in the Ibaraki coastal area.

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