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The global construction composite market is expected to register a moderate growth during the forecast period, 2018 to 2023. North America accounted for the largest market share in 2017, due to the increasing urbanization and the need for long-life and low-maintenance structures.
Increasing Use of Composites in Construction Applications
The construction is one of the major end-use industry in terms of composite materials consumption. Construction composites are used for repairing existing structures. The demand for, and usage of, composites in construction sector, owing to their properties (such as, reduced weight, improved aesthetics, enhanced environmental resistance, design flexibility, and increased stiffness) have been consistently increasing. The composites are used in various applications, in order to reduce weight, improve aesthetics, provide enhanced environmental resistance, increase stiffness-to-weight ratio, and for greater design options. Moreover, many new small civil structures, such as, pedestrian bridges, rooftops, etc., are being constructed by composite materials. The construction sector is growing in countries, such as China, India, United States, and Germany, amongst others. The construction composites are expected to match the footsteps, along with the parent industry growth.
Increasing Demand for Polypropylene
Polypropylene resin segment is expected to grow at a fast rate during the forecast period, owing to efficient thermal and mechanical properties. Some of the principle properties of polypropylene include semi-rigid, translucence, good chemical resistance, toughness, good fatigue resistance, integral hinge property, and good heat resistance. It is used in various applications in building and construction sector, such as siding, air, and moisture barrier membranes, carpet textiles, films, and sheets used in insulating building wraps, industrial adhesives and tapes, and plastic parts included in piping. The usage of polypropylene in industrial and construction sectors is growing and boosting the demand for construction composite over the forecast period.
North America to Dominate the Market
North America accounted for the largest market share, due to the increasing urbanization and the need for long-life and low-maintenance structures during the past couple of years. The increasing environmental concerns have made individuals switch to construct sustainable buildings. Continued strength in the economy along with commercial real estate is expected to drive the construction sector in the region in recent years. Hence, the growing construction sector is fueling the demand for construction composite. The construction composite market is expected to grow at a high rate in the region during the forecast period.
Major Players: Exel composites, Advanced Environmental Recycling Technologies, Inc. (AERT), Trex Company, Jiangsu Jiuding New material, Strongwell Corporation, amongst others.
Key Developments in the Market
July 2018: Owens Corning Infrastructure Solutions completed the acquisition of Concrete Reinforcement Division of Hughes Brothers, Inc.
Reason to purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which application is expected to dominate the market
Which regions are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Increasing Use of Composites in Construction Applications
The construction is one of the major end-use industry in terms of composite materials consumption. Construction composites are used for repairing existing structures. The demand for, and usage of, composites in construction sector, owing to their properties (such as, reduced weight, improved aesthetics, enhanced environmental resistance, design flexibility, and increased stiffness) have been consistently increasing. The composites are used in various applications, in order to reduce weight, improve aesthetics, provide enhanced environmental resistance, increase stiffness-to-weight ratio, and for greater design options. Moreover, many new small civil structures, such as, pedestrian bridges, rooftops, etc., are being constructed by composite materials. The construction sector is growing in countries, such as China, India, United States, and Germany, amongst others. The construction composites are expected to match the footsteps, along with the parent industry growth.
Increasing Demand for Polypropylene
Polypropylene resin segment is expected to grow at a fast rate during the forecast period, owing to efficient thermal and mechanical properties. Some of the principle properties of polypropylene include semi-rigid, translucence, good chemical resistance, toughness, good fatigue resistance, integral hinge property, and good heat resistance. It is used in various applications in building and construction sector, such as siding, air, and moisture barrier membranes, carpet textiles, films, and sheets used in insulating building wraps, industrial adhesives and tapes, and plastic parts included in piping. The usage of polypropylene in industrial and construction sectors is growing and boosting the demand for construction composite over the forecast period.
North America to Dominate the Market
North America accounted for the largest market share, due to the increasing urbanization and the need for long-life and low-maintenance structures during the past couple of years. The increasing environmental concerns have made individuals switch to construct sustainable buildings. Continued strength in the economy along with commercial real estate is expected to drive the construction sector in the region in recent years. Hence, the growing construction sector is fueling the demand for construction composite. The construction composite market is expected to grow at a high rate in the region during the forecast period.
Major Players: Exel composites, Advanced Environmental Recycling Technologies, Inc. (AERT), Trex Company, Jiangsu Jiuding New material, Strongwell Corporation, amongst others.
Key Developments in the Market
July 2018: Owens Corning Infrastructure Solutions completed the acquisition of Concrete Reinforcement Division of Hughes Brothers, Inc.
Reason to purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which application is expected to dominate the market
Which regions are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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