Composites in the Global Construction Market Trends and Forecasts
Lucintel finds that the future of the composites material in composites in the global construction market looks promising with opportunities in in FRP panel and sheets, FRP grating 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 global construction market is expected to reach an estimated $21 billion by 2031 with a CAGR of 3% 2024 to 2031. The major growth drivers for this market are the increasing residential and commercial construction and growth in remolding activities.
Composites in global construction are made from key raw materials: resin matrices like polyester, vinyl ester, and epoxy, which provide the binding agent; reinforcing fibers such as glass, carbon, and aramid for enhanced strength; fillers like calcium carbonate and silica to improve properties and reduce costs; additives including UV stabilizers and fire retardants for performance and durability; and core materials like foam and honeycomb structures for lightweight, strong sandwich panels. The price of composites in global construction is generally higher than traditional materials like concrete and steel. However, their superior durability, lightweight properties, and reduced maintenance costs can lead to long-term savings, making them increasingly competitive and appealing for high-performance and sustainable construction applications.
• Lucintel forecasts that FRP bathtubs will remain the largest application segment over the forecast period due to the increase in the housing construction increase in the demand for luxury plumbing fixtures, and rise in household income.
• Spray-Up in composites in the global construction market will remain the largest manufacturing process over the forecast period due to its wide variety of applications in different end use industries.
• Lucintel forecasts that glass fiber in composites in the global construction market will remain the largest fiber segment over the forecast period due to its excellent strength to weight ratio, environmental advantages, and cost-effectiveness.
• Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to rapid industrialization, increasing urbanization, and growing per capita income in the emerging countries is giving rise to residential and commercial construction
Country wise Outlook for the Composites in the Global Construction Market
Composites in the global construction market is witnessing substantial growth globally, driven by increased demand from various industries such as FRP panel, FRP bathtub, FRP doors and windows, and FRP cooling towers, etc. 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 the global construction producers in key regions/countries: the USA, Germany, China, and Japan.
Emerging Trends in Composites in the Global Construction Market
The use of composite materials in the global construction market is gaining significant momentum due to their superior strength-to-weight ratio, corrosion resistance, and design flexibility. These materials, which combine two or more constituent materials, are increasingly being adopted in infrastructure, commercial, and residential projects. Their ability to reduce maintenance costs and extend the lifespan of structures has made them a preferred choice for modern construction applications.
• Adoption of Fiber-Reinforced Plastic (FRPs): FRPs are increasingly replacing traditional materials like steel and concrete in bridges, facades, and structural components. Their high strength, low weight, and resistance to environmental degradation make them ideal for infrastructure projects, especially in coastal and industrial areas where corrosion is a concern.
• Integration of Sustainable and Eco-Friendly Composites: With growing environmental awareness, construction companies are exploring bio-based composites and recycled materials. These materials reduce carbon footprints and meet stricter sustainability regulations, aligning with green building certifications such as LEED and BREEAM.
• Prefabricated and Modular Composite Components: Prefabrication using composite panels and modular elements is accelerating construction timelines and reducing on-site labor costs. These components offer precision, durability, and the ability to withstand harsh conditions while enabling faster project completion.
• Smart and Functional Composites: Smart composites embedded with sensors or materials that respond to environmental changes (e.g., temperature, humidity, or stress) are emerging in advanced construction projects. These materials allow real-time structural monitoring, improving safety and predictive maintenance.
• Increased Use in Seismic and Disaster-Resistant Structures: Composites are being utilized to enhance the resilience of buildings and bridges in earthquake-prone and disaster-sensitive regions. Their high ductility, energy absorption capacity, and lightweight nature help structures withstand seismic forces and extreme weather events.
The global construction market is witnessing a transformative shift towards composite materials due to their versatility, sustainability, and performance benefits. As innovations continue, composites are expected to play a critical role in shaping modern infrastructure, offering long-term durability, cost efficiency, and adaptability to evolving environmental and regulatory demands.
Recent Developments in Composites in the Global Construction Market
The global construction market is increasingly integrating composite materials due to their superior strength-to-weight ratio, durability, and resistance to environmental factors. Recent developments in this sector reflect a growing trend towards sustainability, innovation, and efficiency. As construction projects demand more resilient and eco-friendly materials, composites are becoming a preferred choice for various applications, from infrastructure to residential buildings. This shift is driven by advancements in technology, regulatory changes, and a heightened awareness of environmental impacts, leading to significant transformations in construction practices and material selection.
• Development of Bio-based Composites: The rise of bio-based composites, made from renewable resources, is gaining traction in the construction market. These materials not only reduce reliance on fossil fuels but also lower carbon footprints. Their adoption is driven by increasing regulatory pressures and consumer demand for sustainable building practices, leading to a more environmentally friendly construction industry.
• Advancements in Manufacturing Techniques: Innovations in manufacturing processes, such as 3D printing and automated fiber placement, are enhancing the production of composite materials. These techniques allow for greater precision and customization, reducing waste and costs. As a result, construction companies can produce complex structures more efficiently, improving project timelines and overall productivity.
• Increased Use in Infrastructure Projects: Composites are increasingly being utilized in infrastructure projects, such as bridges and highways, due to their high strength and corrosion resistance. This trend is particularly significant in regions with harsh environmental conditions, where traditional materials may fail. The use of composites in infrastructure enhances longevity and reduces maintenance costs, making them a cost-effective solution for governments and contractors.
• Growth in Prefabricated Construction: The prefabrication trend is being bolstered by the use of composite materials, which allow for lightweight and modular designs. This approach not only speeds up construction times but also minimizes on-site waste. As the demand for faster and more efficient building methods grows, composites are becoming integral to the prefabricated construction market.
• Regulatory Support for Composite Materials: Governments worldwide are increasingly recognizing the benefits of composite materials and are implementing regulations that support their use in construction. This includes standards for safety, sustainability, and performance. Such regulatory frameworks encourage innovation and investment in composite technologies, further driving their adoption in the construction sector.
These developments are significantly impacting the global construction market by promoting sustainability, enhancing efficiency, and improving the performance of building materials. The shift towards composites is reshaping construction practices, leading to more resilient and eco-friendly structures that meet modern demands.
Strategic Growth Opportunities for Composites in the Global Construction Market
The global construction market is increasingly embracing composite materials due to their superior strength-to-weight ratio, durability, and resistance to environmental factors. As sustainability becomes a priority, composites are being integrated into various applications, leading to innovative solutions that enhance performance and reduce costs. This shift presents strategic growth opportunities across key applications, including infrastructure, residential construction, commercial buildings, and more. By leveraging these opportunities, stakeholders can not only improve project outcomes but also contribute to a more sustainable construction industry.
• Infrastructure Development: The use of composites in infrastructure, such as bridges and roads, enhances longevity and reduces maintenance costs. Their lightweight nature allows for easier transportation and installation, leading to faster project completion. This growth opportunity is crucial as governments worldwide invest in upgrading aging infrastructure, creating a demand for innovative materials that can withstand harsh conditions.
• Residential Construction: Composites are increasingly used in residential applications, such as roofing and siding, due to their aesthetic appeal and energy efficiency. They offer homeowners durable options that require less maintenance and provide better insulation. This trend is particularly impactful as the demand for sustainable housing rises, driving builders to adopt composite materials to meet consumer preferences for eco-friendly solutions.
• Commercial Buildings: In commercial construction, composites are utilized for facades, flooring, and structural components. Their versatility allows architects to create unique designs while ensuring structural integrity. As businesses seek to differentiate themselves through innovative building designs, the demand for composite materials in commercial projects is expected to grow significantly, enhancing both functionality and visual appeal.
• Transportation Infrastructure: Composites are being integrated into transportation infrastructure, including rail and airport facilities, to improve safety and efficiency. Their lightweight properties contribute to reduced energy consumption in transportation systems. This growth opportunity is vital as urbanization increases and the need for efficient transport solutions becomes more pressing, prompting investments in composite technologies.
The strategic growth opportunities in the global construction market through the application of composites are reshaping the industry. By focusing on infrastructure, residential, commercial, transportation, and energy applications, stakeholders can capitalize on the benefits of composites, driving innovation and sustainability in construction. These opportunities not only enhance project efficiency and performance but also align with the growing demand for environmentally friendly building solutions.
List of Composites Companies in the Global Construction Market
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 composites in the global construction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composites in the global construction companies profiled in this report include.
• Strongwell Corporation
• Bedford Reinforced Plastics
• Crane Composites Inc. (KPS Capital)
• Lamilux Heinrich Strunz Holding GmbH & Co. KG
• Fibrosan
• Petrofisa do Brasil Ltda.
• Creative Composites Group
• Valmont Industries
• Geotek
• Andersen
• FiReP International AG
• Exel Composites
• Pultron Composites
• Jeld-Wen
• Leisure Pools
• WernerCo.
These companies have established themselves as leaders in composites in the global construction market, with extensive product portfolios, global 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 composites in the global construction market are evolving, with the entry of new players and the emergence of innovative in composites in the global construction. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities
Composites in the Global Construction Market by Segment
Composites in the global construction market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including application, manufacturing process, resin and fiber. The report offers insights into regional dynamics, highlighting the major markets for carbon fiber and their growth potentials. The study includes trends and forecast for composites in the global construction market by application, manufacturing process, resin, fiber, and region as follows:
By Application [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• FRP Panels and Sheets
• FRP Grating and Decking
• FRP Doors and Windows
• FRP Rebar
• FRP Utility Poles
• FRP Bathtubs
• FRP Cooling Towers
• FRP Swimming Pools
• FRP Ladders and Ladder Rails
• FRP Structural Shapes
• Other Applications
By Manufacturing Process [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Hand Lay- Up
• Spray- UP
• Resin Infusion
• Filament Winding
• Pultrusion
• Injection Molding
• Compression Molding
• Prepreg Lay- Up
• Other Manufacturing Processes
By Resin [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Polyester Based Composites
• Vinyl Ester Based Composites
• Epoxy Based Composites
• Phenolic Based Composites
• Polyurethane Based Composites and Other Resins
By Fiber [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• Glass Fiber Composites
• Carbon Fiber Composites
By Region [Value ($M) and Volume (M lbs.) Analysis for 2019 – 2031]:
• North America
o USA
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Others
• Asia Pacific (APAC)
o China
o Japan
o India
o South Korea
o Others
• Rest of the World (ROW)
o Saudi Arabia
o Brazil
o Iran
o UAE
o Others
Features of Composites in the Global Construction Market
• Market Size Estimates: Composites in the global construction market size estimation in terms of value ($M) and volume (M lbs.).
• Trend and Forecast Analysis: Market trends (2019-2024) and forecast (2025-2031) by various segments and regions.
• Segmentation Analysis: Market size by application, manufacturing process, resin, fiber, and region.
• Regional Analysis: Composites in the global construction market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different application, manufacturing process, materials and regions for composites in the global construction market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for composites in the global 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 composites in the global 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 global construction market size?
Answer: Composites in the global construction market is expected to reach an estimated $21 billion by 2031.
Q2. What is the growth forecast for composites in the global construction market?
Answer: Composite in the global construction market is expected to grow at a CAGR of 3% from 2024 to 2031.
Q3. What are the major drivers influencing the growth of composites in the global construction market?
Answer: The major growth drivers for this market are the high demand for lightweight materials, durability and resistance to corrosion, and design flexibility.
Q4. What are the major applications or end use industries for composites in the global construction?
Answer: : FRP bathtub and FRP cooling towers are the major applications for composites in the global construction market.
Q5. What are the emerging trends in composites in the global construction market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing in bio-based composites, advanced manufacturing techniques, lightweight construction, and enhanced fire resistance composites.
Q6. Who are the key composites in the global construction companies?
Answer: Some of the key composites in the global construction companies are as follows:
• Strongwell Corporation
• Bedford Reinforced Plastics
• Crane Composites (KPS Capital)
• Lamilux Heinrich Strunz Holding GmbH & Co. KG
• Fibrosan
• Petrofisa do Brasil Ltda.
• Creative Composites Group
• Valmont Industries
• Geotek
• Andersen
• FiReP International AG
• Exel Composites
• Pultron Composites
• Jeld-Wen
• Leisure Pools
• Werner Co
Q7. Which composites in the global construction product segment will be the largest in future?
Answer: Lucintel forecasts that spray up will be the largest segment in composites in the global construction market over the forecast period due to its wide variety of used in different applications.
Q8. In composites in the global construction market, which region is expected to be the largest in next 7 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 7 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for composites in the global construction market by application (FRP panels and sheets, FRP grating and decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtubs, and other applications), resin (polyester based composites, vinyl ester based composites, epoxy based composites, phenolic based and other resins), fiber (glass fiber composites and carbon fiber composites and other fibers), manufacturing process (hand layup, spray up, resin infusion, filament winding, pultrusion, and other manufacturing processes), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 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.11 What M & A activities have taken place in the last 5 years in this market?