The construction composite market is estimated to be valued at USD 7.24 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The construction composite market has experienced significant growth in recent years driven by increasing commercial and industrial construction activities globally. Composites offer various advantages over conventional construction materials such as concrete and steel including strength, durability, light weight, and resistance to corrosion. Increasing application of composites in structures for bridges, buildings, rail infrastructure, and other construction purposes is augmenting the demand for these materials. Additionally, growing environmental awareness and focus on sustainability is further propelling the market as composites produce less waste and emit lower carbon during production. Overall, the composite materials market is expected to witness promising growth over the next decade supported by rising infrastructure development projects worldwide.

Market Dynamics:

The global construction composite market is primarily driven by growing infrastructure investment for bridges, tunnels, buildings, and other construction activities. Rapid urbanization coupled with rising population worldwide has increased the need for modern infrastructure which is fueling the demand for durable and high strength composite materials. Additionally, shift toward lightweight and corrosion resistant materials in construction is providing impetus to composite consumption. Further, awareness regarding sustainable construction and recycling of materials is prompting builders to adopt eco-friendly composites. However, high production cost of composites continue to restrain wider market adoption compared to traditional materials. Ongoing research & development in fiber reinforced polymer composites is expected to unlock new growth avenues by enhancing mechanical properties and reducing costs.

Key Features of the Study:

• This report provides in-depth analysis of the global construction composite market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global construction composite market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Aegion Corporation, Exel composites, Gurit, Hexcel Corporation, Kordsa Teknik Tekstil AŞ, TORAY INDUSTRIES INC., Mitsubishi Chemical Corporation, Nippon Electric Glass Co. Ltd., Owens Corning, SGL Carbon, Teijin Limited., Fibergrate Composite Structures, Inc., Advanced Environmental Recycling Technologies, Inc., Fiberon LLC, Strongwell Corporation, Trex Company, Inc, Zhengzhou Yalong Pultrex Composite Materials Co., Ltd., Jiangsu Jiuding New Material Co., Ltd., and Fibrolux GmbH.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global construction composite market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global construction composite market.

Detailed Segmentation-

• By Resin Type:
• • Polyester Resin
  • Vinyl Ester
  • Polypropylene
  • Epoxy Resin
  • Other Resin Types
• By Fiber Type:
• • Carbon Fibers
  • Glass Fibers
  • Natural Fibers
  • Other Fiber Types
• By End-Use Sector:
• • Industrial
  • Commercial
  • Housing
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Aegion Corporation
  • Exel composites
  • Gurit
  • Hexcel Corporation
  • Kordsa Teknik Tekstil AŞ
  • TORAY INDUSTRIES INC.
  • Mitsubishi Chemical Corporation
  • Nippon Electric Glass Co. Ltd.
  • Owens Corning
  • SGL Carbon
  • Teijin Limited.
  • Fibergrate Composite Structures, Inc.
  • Advanced Environmental Recycling Technologies, Inc.
  • Fiberon LLC
  • Strongwell Corporation
  • Trex Company, Inc
  • Zhengzhou Yalong Pultrex Composite Materials Co., Ltd.
  • Jiangsu Jiuding New Material Co., Ltd.
  • Fibrolux GmbH