Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the composites in the global construction market looks promising with opportunities in FRP panel and sheets, FRP gratings and decking, FRP doors and windows, FRP rebars, FRP utility poles, FRP bathtub, FRP cooling towers, FRP ladders and ladder rails, FRP swimming pools, and FRP structural shapes applications.

The composites in the global construction market is expected to reach an estimated $18.9 billion by 2027 with a CAGR of 4.0% from 2021 to 2027.  The major growth drivers for this market are the increasing residential and commercial construction and growth in remolding activities.

In this market, filament winding, pultrusion, hand lay-up, spray-up, thermoset compression molding, thermoset injection molding, resin infusion, and prepreg layup are the various manufacturing processes of composites in the global construction market. Lucintel forecasts that compression molding composites in the global construction will remain the largest segment mainly driven by its applications in different end use industries. Prepreg lay up is expected to witness highest growth over the forecast period.

Within the composites in the global construction market, FRP bathtub will remain the largest application 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 and is also expected to witness the highest growth.

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.

Emerging trends, which have a direct impact on the dynamics of the composites in the global construction market, includes manufacturing of different composites applications for construction by using recycled glass fibers, close collaboration between industry players to serve unique needs and find new application, development of green technology products, increasing demand for UV resistant properties in FRP poles, and focus on modular pole systems. Strongwell, Crane Composites, Lamilux, Creative Pultrusions, and Valmont are among the major composites manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the composites in the global construction market by application, manufacturing process, resin, fiber, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Composites in the Global Construction Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the composites in the global construction market by application, manufacturing process, resin, fiber, and region as follows:


























































This 242-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composites-in-the-construction-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high growth opportunities for the composites in the global 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), manufacturing process (hand layup, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg layup, and others), 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?