The North American construction composites market is anticipated to showcase a considerable growth rate during the forecast period. The presence of a well-established chemical sector and considerable growth in investment regarding eco-friendly building and construction industry are the pivotal factors driving the North American construction composite market. As per the America Chemistry Council, in the US alone, the chemical industry registered a significant growth of 2.5% rise in 2019 and is projected to register a significant growth of 3.0% rise in 2020, despite this pandemic. Over the past few years, the North American construction industry has seen a wide range of new entrants. Alphabet (Google) has invested in Sidewalk Labs, a development company aiming to turn urban areas into smart and sustainable public spaces.

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Considerable investment in the construction sector is expected to augment the demand for construction composites. In North America, the US is anticipated to hold a major market share in the regional construction composite market. The presence of key market players in the region is again contributing to the growth of the construction composites market in North American. The major players contributing to the North American 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 North American 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 to 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. North American Construction Composites Market Research and Analysis by Fiber Type
2. North American Construction Composites Market Research and Analysis by Resin Type
3. North American Construction Composites Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the North American 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 North American construction composites market.
• Insights about market determinants which are stimulating the North American construction composites market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Profiles and recent developments of market players.