Composites in the European Construction Market Trends and Forecast
Lucintel finds that the future of the composites material in the European construction market looks promising with opportunities in FRP panel and sheets, FRP gratings and decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtub, FRP cooling towers, FRP ladders and ladder rails, FRP swimming pools, and FRP structural shapes applications. Composites in the European construction market is expected to reach an estimated $3 billion by 2030 with a CAGR of 4% 2023 to 2030. The major driver for this market is the growing demand for construction activities due to decrease in unemployment, increased inflow of public and private investment and growth in residential construction to infrastructure sector.
Glass fiber and carbon fiber are used to provide strength in composites in the European construction market while polyester, epoxy, and vinyl ester resins maintain this strength with chemical resistance capability. Besides, some fillers like calcium carbonate or silica enhance mechanical properties of these materials whereas UV stabilizers, fire retardants and pigments among others additives improve performance and aesthetics. Thus they offer affordable pricing compared to other conventional materials like steel or concrete because they are lightweight, durable and can replace. To add on initial expenses may be more expensive but through lower maintenance costs and higher energy efficiency such savings extend over time. Therefore due to their versatile designing properties as well as manufacturing means they are often used for creating sustainable infrastructure projects that comply with regulations to satisfy environmental requirements increasingly.
• Lucintel forecasts that FRP bathtubs will remain the largest application over the forecast period due to the increase in the housing construction increase in the demand for luxury factors, and rise in household income.
• Compression molding will remain the largest manufacturing process over the forecast period due to its growing demand in different end use industries and applications.
Country wise Outlook for the Composites in the European Construction Market
The composites in the European construction market are witnessing substantial growth, driven by increased demand in construction market. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major composites in construction producers in key countries: the UK, Germany, and France.
Emerging Trends in the Composites in the European Construction Market
Emerging trends in the composites in the European construction market shaping its future applications and market dynamics:
• Composite Facade Systems: Benefits provided by composite facade systems include thermal insulation, weather resistance and acoustic performance. Innovations consist of improved surface finishes, built-in solar panels or increased joining techniques to speed up installation.
• Fire Retardant Composites: The use of fire retardant additives and composite formulations is making it possible for composites used for building applications to achieve improved fire safety performance. This is important given the strict building codes and regulations all over Europe.
• Bio-based and Recyclable Composites: Research is still on-going on bio-based resins and recyclable composites which can be used in construction. These innovations aim at reducing reliance on fossil fuel based products; embodied carbon emissions being lessened as well as improving end-of-life recycling.
• FRP in Structural Elements: Structural elements such as beams, columns, and facades use FRP composites due to their lightweight nature and corrosion resistance. The thrust is on innovation of processes that can be used in manufacturing the elements as well as enhancement of attributes of these materials themselves.
• Modular Construction with Composites: Composites enable the emergence of modular construction where pre-fabricated parts are assembled away from the site. It reduces construction time; minimizes waste and enhances quality control.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below.
Recent Developments by the Composites in the European Construction Market
Recent developments in composites in the European construction market by various companies highlight ongoing innovations and advancements across different sectors:
• The structural components: Composites are increasingly being used in different parts of Europe for constructional elements such as beams, columns and facades. They provide high strength-to-weight ratios, corrosion resistance and design flexibility. Recent improvements include the use of new fiber reinforcements as carbon or basalt fibers to enhance the performance of structures without necessarily compromising sustainability.
• Insulation and energy efficiency: Composite materials are used within Europe to improve insulation and energy efficiency in buildings. These innovations focus on better thermal performance by composite panels and cladding systems which reduce heating and cooling costs. Besides, these materials also contribute towards achieving energy efficient building standards like Passivhaus.
• Facade Systems: Due to their lightweight nature, durability, and aesthetic versatility, composite facade systems are becoming popular in European construction industry. In this regard recent developments comprise integration of photovoltaic elements with composite panels that generate sustainable power as well as smart facades which adjust themselves to environmental conditions for optimal building performance.
• Infrastructure and Retrofitting: For retrofitting existing infrastructure to enhance durability and extend service life, composites have been employed across Europe. This includes bridges strengthening with carbon fiber reinforced polymers (CFRP) among other composites material for tunnels through historical buildings. Advanced methods like bonded composite overlays are used to improve the structure integrity without significant interruption.
• Sustainable Construction: The trend towards sustainable construction practices in Europe has led to adoption of composites made from recycled or bio-based materials. In terms of innovation; they aim at developing green composite solutions that minimize environmental impact throughout their lifecycle starting from manufacturing up until disposal stage.
• Modular And Prefabricated Construction: In modular/prefabricated methods these days more uses of composites have been seen in European Union countries integrating them into modular and prefabricated construction techniques. These materials allow for pre-assembly off site saving on timeframes of construction while cutting down onsite labor requirements. Some advances encompassing eco-housing solutions based on composites that provide quick installation and green performance.
Strategic Growth Opportunities for Composites in the European Construction Market
• Sustainability and Environmental Regulations: There are presently more strict environmental regulations as well as increased emphasis on sustainability, leading to a rising demand for construction materials that offer energy efficiency, endurance, and reduced environmental impact. This can be achieved by composites such as fiberglass and carbon fiber reinforced polymers (FRPs) which are light, corrosion-resistant and act as insulators. They also encourage the making of energy efficient buildings while promoting LEED certification from Europe green building initiatives on sustainable architectural designs.
• Infrastructure Rehabilitation and Maintenance: Aging infrastructure necessitates cost-effective measures to restore or extend the durability of buildings, bridges among other structures. Among the advantages associated with composites include; their installation is easy, limited maintenance is required in addition to their resistance towards corrosion and fatigue. Their applications range from rehabilitation projects meant for strengthening an existing structure without much interference with ongoing operations. In this regard throughout Europe composites is preferred choice when it comes to maintaining infrastructure.
• Design Flexibility and Architectural Freedom: For architects and designers, composites give them an opportunity for flexibility in realizing innovative and appealing designs for their clients’ expectations. It can take different shapes depending on user need hence customizing architectural elements including facades and structural members is very possible through its molding process. Additionally within the walls of these houses you may find advanced functionalities such as insulation against heat/cold or noise e.g., fireproofing or moisture control systems etc., these characteristics can be added into the buildings at any stage using these materials called ‘composites.’ Thus builders have options that differentiate their work enabling them to appeal to a wider range of tastes in terms of beauty versus performance requirements.
• Urbanization and Modular Construction: The drive toward urbanization coupled with the need for quick construction solutions has fueled adoption of modular construction techniques in Europe today. Composites are ideal materials given their low weight which makes them easy to use in case of modular construction. This makes it possible to finish any such projects within a shorter time with less on-site waste and improved safety in construction. Besides, composites are also resistant to different forms of environmental degradation thus creating an excellent option for modular housing, temporary structures, and urban redevelopment designed to increase the availability of low-cost dwellings especially in major cities.
• Technological Advancements and Innovation: Due to continuous developments in composite materials as well as manufacturing techniques and digital technologies, the application possibilities for composites in construction are vastly expanding. For instance 3D printing of composite structures, smart composites embedded with sensors that can monitor structural health as well as bio-composites obtained from sustainable sources is few innovations coming through. Thus these technological advancements have made this type of building material more efficient and environmentally friendly hence being adopted by both existing and emerging construction sectors since they enhance the efficiency, performance, and sustainability properties of such materials within built environments ranging from conventional to new generation buildings too.
Composites in the European Construction Market Drivers and Challenges
The European construction market is evolving with sustainable development and energy efficiency, design flexibility and durability and long life. While promising for regulatory compliance and innovation, challenges includes high cost of production, and technical know-how. Stakeholders must grasp these dynamics to navigate effectively through the changing landscape of composites in EuropeÄX%$%Xs construction industry.
The key drivers for the composites in the European construction market include:
1. Durability and Long Life: Building built with composites have long lasting lifespan as they exhibit great resistance against corrosion, weathering, and pests resulting in less maintenance cost.
2. Innovative Applications: Advancements in composite technology are fueling its utility as structural elements include facades, insulations, and interior components among others thus promoting market growth.
3. Government Support: Government incentives and regulations towards sustainable construction practices also promote the use of composites in structures.
The challenges in the composites in the European construction market include:
1. High Cost of Production: The initial costs of composite-based products may be higher than prices for traditional building materials thereby discouraging their adoption at large yet there is considerable saving on operational expenses including reduced maintenance costs over a longer period if these barriers are overcome by clients.
2. Technical know-how: Proper mounting and fusion of composite resources calls for professionals hence difficult task may be faced by installers when trying to acquire necessary skills and knowledge needed to handle them effectively within the industry especially constructors who do not possess such expertise or those dealing with integration tasks in relation to structural members
Conclusively, European construction market has been set to be transformed by composites for their sustainability attributes, flexibility in design and durability. Overcoming difficulties like cost, technical expertise needs, material compatibility challenges and so forth is important as it will determine the maximum capability of composites in redefining construction of Europe. The use of regulatory support and innovative applications in encouraging adoption may help to overcome these barriers.
Composites in the European Construction Suppliers and Their Market Shares
In this competitive market, several key players such as Lamilux, Exel Composites, FiReP International, FUCHS Europoles, and TB Davies etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players, contact us. If you wish to deep dive in competitive positioning of these players then you can look into our other syndicated market report on “Composites in the European Construction Market Leadership Report".
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 European construction caters increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the European construction profiled in this report include.
• Lamilux
• FiReP International
• FUCHS Europoles
• TB Davies
• Exel Composites
These companies have established themselves as leaders in the composites in the European construction market, with extensive product portfolios, presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations. The market share dynamics within the composites in the European construction market are evolving, with the entry of new players and the emergence of innovative composites in the European construction market technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Composites in the European Construction Market by Segment
Significantly, in the European construction market, composites are growing rapidly in key sections. For instance, façade panels are more portable when compared to other materials and this has been described as being advantageous as they have a light weight structure that is good for both durability and design flexibility thus improving architectural opportunities. Composite rebar is being preferred over conventional reinforcement systems in reinforced concrete structures on account of their resistance to corrosion and high strength-to-weight ratio which ensures long life span and structural soundness at all times. For insulation purposes composites are now experiencing rise due to their excellent thermal and acoustic performance over traditional products. Prefabricated composite structural components provide efficient solutions while enhancing sustainability in construction. In another case, these materials (composites) finds application in roofing because of their weather resistance capabilities as well as its energy efficiency hence one can say that there is no any other roofing material which can beat them.
Composites in the European Construction Market by Application [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• FRP Panels and Sheets
• FRP Grating and Decking
• FRP Doors and Windows
• FRP Rebars
• FRP Utility Poles
• FRP Bathtubs
• FRP Cooling Towers
• FRP Swimming Pools
• FRP Ladders and Ladder Rails
• FRP Structural Shapes
• Others
Composites in the European Construction Market By Manufacturing Process [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Hand Lay- Up
• Spray- UP
• Resin Infusion
• Filament Winding
• Pultrusion
• Injection Molding
• Compression Molding
• Prepreg Lay- Up
• Others
Composites in the European Construction Market By Resin [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Polyester Based Composites
• Vinyl Ester Based Composites
• Epoxy Based Composites
• Phenolic Based Composites
• Polyurethane Based Composites and Others
Composites in the European Construction Market By Fiber [Value ($M) and Volume (M lbs) Analysis for 2018 – 2030]:
• Glass Fiber Composites
• Carbon Fiber Composites and Others
Features of Composites in the European Construction Market
• Market Size Estimates: composites in European construction market size estimation in terms of value ($M) and volume (M lbs).
• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments.
• Segmentation Analysis: Market size by application, manufacturing process, resin type, and fiber type.
• Growth Opportunities: Analysis of growth opportunities in different end use, manufacturing process, and product type for the composites in European construction market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the composites in European construction market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in European construction or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q1. What is the composite in the European construction market size?
Answer: Composites in the European construction market is expected to reach an estimated $3 billion by 2030.
Q2. What is the growth forecast for composites in the European construction market?
Answer: The composite in European construction market is expected to grow at a CAGR of 4% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the composites in the European construction market?
Answer: The major driver for this market is the sustainable development and energy efficiency, design flexibility and durability and long life.
Q4. What are the major applications or end use industries for composites in the European construction?
Answer: FRP bathtubs and FRP structural shapes are the major applications for composites in European construction.
Q5. What are the emerging trends in composites in the European construction market?
Answer: Emerging trends, which have a direct impact on the dynamics of the composites in European construction industry, include the composite facade systems, fire retardant composites, bio-based and recyclable composites, FRP in structural elements and modular construction with composites.
Q6. Who are the key composites in the European construction companies?
Answer: Some of the key composites in European construction companies are as follows:
• Lamilux
• Exel Composites
• Petrofisa do Brazil
• FiReP International AG
• Europoles Gmbh & Co. Kg
• TB Davies
• IG Doors
• Brett Martin Daylight System
• Ticomm & Promaco
• FiberCore Europe
Q7.Which composites in the European construction manufacturing process will be the largest in future?
Answer: Lucintel forecasts that compression molding is expected to remain the largest manufacturing process over the forecast period due to its growing demand in different end use industries and applications
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 10 key questions
Q.1 What are some of the most promising potential, high growth opportunities for composites in the European construction market by application (FRP panels and sheets, FRP gratings and decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtub, FRP cooling towers, FRP swimming pools, FRP ladder and ladder rails, FRP structural shapes, and others), resin (polyester based composites, vinyl ester based composites, epoxy based composites, phenolic based composites, polyurethane based composites and others), fiber (glass fiber composites, carbon fiber composites and others), and manufacturing process (hand layup, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg layup, and others)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 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.10 What M & A activities have taken place in the last 5 years in this market?