Construction Composite Market, By Resin Type (Polyester Resin, Vinyl Ester, Polyethylene, Polypropylene, Epoxy Resin, and Other Resin Types), By Fiber Type (Carbon Fibers, Glass Fibers, Natural Fibers, and Other Fiber Types), By End-Use sector (Industrial, Commercial Housing, and Civil), By Geography (North America, Latin America, Europe, Asia-Pacific, Middle East, Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Construction composite materials are made from plastic polymer resins and strong fibers. The materials have high specific strength and are lightweight. These qualities contribute to their low cost and reduced construction time. They can be molded into any shape, including curved shapes. Some are even waterproof. Construction composite materials are ideal for outdoor and marine applications. Building with construction composite materials is an excellent way to reduce the impact of construction on the environment. This material can be easily molded into any shape and can be used in different construction processes. It can replace wood, concrete, and metals, which have their limitations. It is also more environmentally friendly, since it can be recycled or made from bio-based materials.
Market Dynamics:
Rise in use of composites in construction applications, increasing urbanization as well as economic growth of developing countries, long lifecycle and low cost of maintenance, and increasing development of new products are the factors that are fueling growth of the global construction composite market during the forecast period. Furthermore, growing demand for pultruded profiles is expected to offer growth opportunities in the market.
However, high initial production cost and installation cost of composites, and availability of low-cost alternatives are likely to impede growth of the global construction composite market during the forecast period.
Key features of the study:
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