Growing Construction Industry Driving Construction Composite Market

Construction composite market is anticipated to exhibit a CAGR of 4.5% during the forecast period. The outlook of the construction industry appears upbeat, consequently increasing the demand for construction composite, globally. According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach a value of $8 trillion by 2030, primarily driven by China, India, and the US. In Europe, the construction industry has witnessed a solid growth rate and is estimated to record an average year-on-year growth of about 6% in the next few years. Hence, from the rapidly growing construction activities in the above countries, the demand for paints and coatings, flooring, and laminating among others is projected to increase substantially during the forecast period, which, in turn, may increase the consumption of construction composites. 

Browse the full report description of "Global Construction Composites Market Size, Share & Trends Analysis Report by Fiber Type (Carbon Fiber, Glass Fiber, and Other Fiber) by Resin Type (Thermoplastic Resins and Thermosetting Resins) by End-User (Residential, Commercial, Industrial) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/construction-composites-market

The rising demand for construction composites is anticipated to drive the growth of the global market. Looking towards the rising demand of construction composites several players are launching new construction composites in the market. For instance, in February 2020, PolyntSpA announced to establish its fully owned subsidiary Polynt Composites Turkey, incorporated and based in Istanbul. Polynt Turkey Kimyevi Ürünler Ticaret Anonim ?irketi will be established to allow the Group to serve the Turkish growing markets with its product portfolio and technical experience in the business of unsaturated polyester resins, vinyl ester resins, gelcoat, and compounds, with a special focus to the local composites applications in construction, engineering stone, and transportation. 

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2019-2026
• Segment Covered- By Fiber Type, By Resin Type, End User
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Arkema S.A., Mitsubishi Chemical Corp., BASF SE, Solvay S.A., Reichhold LLC, Koninklijke DSM N.V., and others. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Construction Composite Market report Segment

By Fiber Type

• Carbon Fiber
• Glass Fiber
• Other fiber

By Resin Type

• Thermoplastic Resin
• Thermosetting Resin 

By End-User

• Residential
• Commercial 
• Industrial

Global Construction Composite Market Report Segment by Region

North America           

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America