The Asia-Pacific construction composites market is anticipated to showcase a considerable growth rate of 6.0% during the forecast period. The growing demand for construction composites from China, India, Japan, and South Korea for various construction applications is a key factor driving the regional market growth. China is one of the key contributors to the growth of the construction composites market in Asia-Pacific. China has a well-established construction industry, with developments in the residential and infrastructural verticals supporting the growth of the construction industry a large scale. In 2019, the government planned to increase infrastructural investment to ensure the stability of its sagging economy. According to the report presented in the annual session of the National People’s Congress, in March 2019, CNY 1.8 trillion ($261 billion) of investment was planned for road construction and waterway projects. 

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Considerable investment in the construction sector is expected to augment the demand for construction composites in the region which will drive the regional market growth. The presence of key market players in the region is again contributing to the growth of the construction composites market in Asia-Pacific. The major players contributing to the Asia-Pacific construction composites market include Arkema Group, Mitsubishi Chemical Corp., BASF SE, Reichhold LLC, Koninklijke DSM N.V., and others. The key players in the market focus more on new product development and launches, partnerships and collaborations, geographical expansions, and innovative technological upgradations.

The construction composites market is segmented based on fiber type, resin type, and end-user. Based on fiber type, the market is segmented into carbon fiber, glass fiber, and other types. Carbon fiber is expected to hold considerable market share based on fiber type owing to high strength and low weight. However, the adoption of carbon-free composites in the countries of North America may restrain the growth of this market segment. Based on the resin type, the construction composites market is segmented into thermoplastic resin and thermosetting resin. Based on end-user, the market is segmented into residential, commercial & industrial. 

Research Methodology

The market study of the Asia-Pacific construction composites market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Construction Composites Market Research and Analysis by Fiber Type
2. Asia-Pacific Construction Composites Market Research and Analysis by Resin Type
3. Asia-Pacific Construction Composites Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the Asia-Pacific construction composites market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific construction composites market.
• Insights about market determinants which are stimulating the Asia-Pacific construction composites market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Profiles and recent developments of market players.