Navi Mumbai, India, July 18,2019- Global Construction Composite Market is one of the largest markets for composites globally.Traditional Composites consists of wood, engineered wood, concrete and disc brake pads. But now, they have been taken over byfiber reinforced plastic composites whichare widely used because of the benefits they provide.
Primary benefits of composites include reduced weight and exceptional resistance to corrosion and rot which affect structures built with wood and steel. They also provide benefits such as less maintenance and repairs which reduce life-cycle costs. It further reduces installation costs as well as transportation costs. Owing to this great plethora of advantages, the Construction Composite market has picked up pace due to its greater design freedom which enables thecreation of complex shapes.
Market Dynamics:
Here we will analyze the Market Dynamics such as drivers, trends and industry-specific challenges for the construction composite market.
Drivers:
The main drivers for composites in construction are the need for good corrosion resistance materials in corrosive environments. It is needed for cladding for roofs & walls, seawalls, decks & railings, ductwork and underground ventilation systems. It is sustainable in the long run and is used in pollution prevention applications and also building structures for alternative energy. Government initiatives to promote green building further promote its use in the construction industry is further driven by rising infrastructure development activities and investments across the emerging economies of the world
Trends:
Owing to urbanization and emerging middle class in the developing countries, there has been rapid growth in the construction industry.
Market Segmentation:
The market is segmented by Fiber type composites:
--> Carbon fiber
--> Glass fiber
The market is segmented by Resin type composites:
--> Thermoplastic
--> Thermoset
The market is segmented by Application:
--> Industrial
--> Commercial
--> Residential
There is an increasing use of the product in application areas such as stairways, walkways, trash gates, gratings, and ladders in the industrial segment, owing to the anti-corrosion and moisture-proof propertiesare expected to drive the segment growth.
Geographic Analysis:
North America and Europe are still the dominant markets, with shares of 35% and 27% respectively, but faster growth rates in Asia-Pacific before the economic crash had indicated that the region would overtake Europe as the worlds second largest composites market by the end of the century.
Key players:
Some of the major players in the market include:
--> Fibergrate Composite Structures, Inc.
--> Advanced Environmental Recycling Technologies Inc.
--> Fiberon LLC; StrongwellCorporation
--> Trex Company, Inc
--> Zhengzhou YalongPultrex Composite Materials Co., Ltd.
--> Jiangsu Jiuding New Material Co.
Report Contents:
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
Regional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
Category: Manufacturing
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Global Construction Composite Market
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