According to a market report by Lucintel, the future of the global composites in the global construction market looks promising with opportunities in the FRP panel and sheets, FRP grating and decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtub, FRP cooling towers, FRP ladders and ladder rails, FRP swimming pools, and FRP structural shapes applications. The global composites in the global construction market is expected to reach an estimated $21 billion by 2031 with a CAGR of 3% 2024 to 2031.Growth in this market is primarily driven by the increasing residential and commercial construction and growth in remolding activities.A more than 150-page report to understand trends, opportunity and forecast in composites in the global construction market by application (FRP panels and sheets, FRP grating and decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtubs, and other applications), resin (polyester based composites, vinyl ester based composites, epoxy based composites, phenolic based and other resins), fiber (glass fiber composites and carbon fiber composites and other fibers), manufacturing process (hand layup, spray up, resin infusion, filament winding, pultrusion, and other manufacturing processes), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that FRP bathtubs will remain the largest application segment over the forecast period due to the increase in the housing construction increase in the demand for luxury plumbing fixtures, and rise in household income.
Spray-Up in the global composites in construction market will remain the largest manufacturing process over the forecast period due to its wide variety of applications in different end use industries.
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Lucintel forecasts that glass fiber in the global composites in construction market will remain the largest fiber segment over the forecast period due to its excellent strength to weight ratio, environmental advantages, and cost-effectiveness.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to rapid industrialization, increasing urbanization, and growing per capita income in the emerging countries is giving rise to residential and commercial construction.
Strongwell Corporation, Bedford Reinforced Plastics, Crane Composites Inc., Lamilux Heinrich Strunz Holding GmbH & Co. KG, Fibrosan, Petrofisa do Brasil Ltda., Creative Pultrusions, Inc., Valmont Industries, Geotek, Andersen, FiReP International AG, Exel Composites, Pultron Composites, Jeld-Wen, Leisure Pools, and Werner Co. are the major suppliers in the composites in the global construction market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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