Construction Repair Composites Market Forecasts to 2030 - Global Analysis By Product Type (Textile/Fabric Reinforcements, Rebars, Adhesives & Sealants, Mortars & Grouts and Other Products), Fiber Type (Glass, Carbon, Aramid and Other Fiber Types), Resin T

Construction Repair Composites Market Forecasts to 2030 - Global Analysis By Product Type (Textile/Fabric Reinforcements, Rebars, Adhesives & Sealants, Mortars & Grouts and Other Products), Fiber Type (Glass, Carbon, Aramid and Other Fiber Types), Resin Type, Application, End User and By Geography

According to Stratistics MRC, the Global Construction Repair Composites Market is accounted for $458.8 million in 2024 and is expected to reach $881.7 million by 2030 growing at a CAGR of 11.5 during the forecast period. Construction repair composites are advanced materials used to restore and strengthen deteriorated structures. These composites offer high strength, durability, and corrosion resistance, aiding in extending the lifespan of infrastructure. With increasing infrastructure development and the need for cost-effective maintenance solutions, the market for construction repair composites is experiencing steady growth, driven by demand from both the public and private sectors worldwide.

According to data on new residential construction provided by the U.S. Census Bureau and the U.S. Department of dwelling and Urban Development, an estimated 1,337,800 new residential dwelling construction units were finished in 2021, an increase of 4% from 2020.

Market Dynamics:

Driver:

Growing demand for cost-effective repairs

The increasing need for cost-effective repair solutions is a significant driver for the construction repair composites market. Traditional repair methods often involve high costs and extended downtime. Construction repair composites offer a more economical alternative by providing durable and long-lasting repairs that reduce the frequency and cost of maintenance. Their ability to extend the lifespan of structures without the need for complete overhauls makes them an attractive option for infrastructure projects, thereby driving market growth.

Restraint:

Skilled labor shortage

A shortage of skilled labor poses a significant restraint to the construction repair composites market. The application of these advanced materials requires specialized knowledge and expertise, which is not always readily available. This shortage can lead to improper installation, reducing the effectiveness and longevity of the repairs. Additionally, the need for specialized training and certification can increase labor costs, making it challenging for some projects to adopt these innovative materials.

Opportunity:

Development of low-cost composites

Innovations in material science and manufacturing processes are leading to the creation of more affordable composite materials without compromising on performance. These advancements can make construction repair composites more accessible to a broader range of projects, including those with limited budgets. The reduction in costs can drive wider adoption and expand the market significantly.

Threat:

Competition from traditional materials

The Covid-19 pandemic had a mixed impact on the construction repair composites market. While it caused disruptions in supply chains, labor shortages, and project delays, it also highlighted the need for resilient infrastructure. The pandemic accelerated the adoption of durable and low-maintenance repair solutions, as governments and organizations sought to ensure the longevity and reliability of critical infrastructure. This shift is expected to drive demand for construction repair composites in the post-pandemic era.

Covid-19 Impact:

The Covid-19 pandemic had a profound impact on the Construction Repair Composites market. The global lockdowns and travel restrictions led to a significant decline in air travel, resulting in reduced demand for new aircraft and maintenance services. This downturn affected the production and sales of Construction Repair Composites. However, as the industry recovers and air travel resumes, the market is expected to rebound, driven by the need for fleet modernization and increased safety measures.

The textile/fabric reinforcements segment is expected to be the largest during the forecast period

The textile/fabric reinforcements segment is anticipated to dominate the construction repair composites market due to its versatility and wide range of applications. These materials are used extensively in strengthening and repairing various structures, including bridges, buildings, and pipelines. Their ease of application, combined with high tensile strength and durability, makes them a preferred choice for many repair projects. The growing focus on infrastructure rehabilitation and maintenance further supports the dominance of this segment.

The carbon fiber segment is expected to have the highest CAGR during the forecast period

The carbon fiber segment is projected to experience the highest CAGR due to its superior strength-to-weight ratio and durability. Carbon fiber composites are increasingly used in high-performance applications where traditional materials fall short. Their resistance to corrosion, high tensile strength, and lightweight properties make them ideal for critical infrastructure repairs. The rising demand for sustainable and long-lasting repair solutions is expected to drive the rapid growth of the carbon fiber segment.

Region with largest share:

Europe is expected to dominate the construction repair composites market, driven by significant investments in infrastructure rehabilitation and stringent environmental regulations. The region's focus on sustainable construction practices and the adoption of advanced materials for repair and maintenance projects contribute to its leading market share. Additionally, the presence of key industry players and ongoing research and development activities further bolster the market in Europe.

Region with highest CAGR:

The Asia Pacific region is anticipated to witness the highest CAGR in the construction repair composites market due to rapid urbanization, industrialization, and infrastructure development. Countries like China and India are investing heavily in upgrading and maintaining their infrastructure, driving the demand for advanced repair materials. The region's growing construction industry, coupled with increasing awareness of the benefits of composites, is expected to propel market growth at a rapid pace.

Key players in the market

Some of the key players in Construction Repair Composites Market include Sika AG, BASF SE, Mapei S.p.A., Fosroc International Ltd., Saint-Gobain Weber, The Euclid Chemical Company, Master Builders Solutions, Simpson Strong-Tie Company Inc., Hilti Corporation, Aegion Corporation, Fyfe Co. LLC, Owens Corning, Hexion Inc., DowAksa, Toray Industries, Inc., Mitsubishi Chemical Corporation, Teijin Limited, Hexcel Corporation, SGL Carbon and Gurit Holding AG.

Key Developments:

In January 2024, Teijin Ltd. (Tokyo, Japan) has announced that it will begin production and sales of Tenax carbon fiber made with sustainable acrylonitrile (AN). The AN uses waste and residue from biomass-derived products or recycled raw materials that have received International Sustainability and Carbon Certification (ISCC) Plus certification. The certified carbon fiber will be produced at Teijin’s Mishima plant in Shizuoka Prefecture, Japan, using the mass balance approach.

In December 2023, (MODEC) and Toray Industries, Inc. (Toray) announced that they have jointly developed a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on Floating Production, Storage and Offloading (FPSO), and Floating Storage and Offloading (FSO) systems.

Products Covered:
• Textile/Fabric Reinforcements
• Rebars
• Adhesives & Sealants
• Mortars & Grouts
• Sprayed Composites
• Other Products

Fiber Types Covered:
• Glass
• Carbon
• Aramid
• Other Fiber Types

Resin Types Covered:
• Vinyl Ester
• Epoxy
• Polyurethane
• Polyester
• Other Resin Types

Applications Covered:
• Structural Repairs
• Non-Structural Repairs
• Other Applications

End Users Covered:
• Residential Sector
• Commercial Sector
• Industrial Sector
• Infrastructure Sector
• Transportation Sector
• Educational Institutions
• Healthcare Facilities
• Utilities
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements