Who are the key players in Construction Composite Market?

Hexcel Corporation, Toray Industries Inc., Gurit, Owens Corning and Nippon Electric Glass Co. Ltd. are the major companies operating in the Construction Composite Market. Read More

Which is the fastest growing region in Construction Composite Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Construction Composite Market?

In 2024, the North America accounts for the largest market share in Construction Composite Market. Read More

What years does this Construction Composite Market cover, and what was the market size in 2023?

In 2023, the Construction Composite Market size was estimated at USD 21.60 billion. The report covers the Construction Composite Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Construction Composite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Construction Composite Market Size

Market Size of Construction Composite Industry

Study Period	2019 - 2029
Market Size (2024)	USD 22.88 Billion
Market Size (2029)	USD 30.49 Billion
CAGR (2024 - 2029)	5.91 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Construction Composites Market Analysis

The Construction Composite Market size is estimated at USD 22.88 billion in 2024, and is expected to reach USD 30.49 billion by 2029, growing at a CAGR of 5.91% during the forecast period (2024-2029).

COVID-19 negatively impacted the market in 2020 as the pandemic severely affected international trade and hampered several industries, including manufacturing, building, and construction. However, in 2021, the market demand from these sectors recovered significantly.

Over the medium term, the factors driving the growth of the market studied are the increasing usage of composites in construction applications and the rehabilitation of old concrete structures.
On the other hand, the high initial production and installation costs of composites, coupled with the inadequacy of skilled labor, are hindering the market's growth.
Increasing the ability to mass-produce composites in the construction sector will likely create opportunities for the market in the coming years.
North America is expected to dominate the market in terms of revenue while the Asia-Pacific region is likely to witness the highest CAGR during the forecast period.

Construction Composites Industry Segmentation

Composite materials such as carbon fiber (which is the most popular material for producing thermoplastic composites) are widely accepted in construction applications owing to their superior benefits over traditional construction materials. Durability, design flexibility, and high performance at elevated temperatures are among the major benefits offered by composites to construction structures. The construction composites market is segmented by resin type, fiber type, end-use sector, and geography. By resin type, the market is segmented into polyester resin, vinyl ester, polyethylene, polypropylene, epoxy resin, and other resin types. By fiber type, the market is segmented into carbon fibers, glass fibers, natural fibers, and other fiber types. By end-use sector, the market is segmented into industrial, commercial, housing, and civil. The report also studies the construction composites market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Resin Type
		Polyester Resin
		Vinyl Ester
		Polyethylene
		Polypropylene
		Epoxy Resin
		Other Resin Types

Fiber Type
		Carbon Fibers
		Glass Fibers
		Natural Fibers
		Other Fiber Types

End-use Sector
		Industrial
		Commercial
		Housing
		Civil

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	ASEAN Countries
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Construction Composite Market Size Summary

The construction composite market is poised for significant growth over the forecast period, driven by the increasing application of composites in construction and the rehabilitation of aging concrete structures. Despite the initial setback due to the COVID-19 pandemic, which disrupted international trade and impacted various sectors, the market has shown a robust recovery. The high initial costs and the shortage of skilled labor present challenges, but advancements in mass production techniques are expected to open new opportunities. North America is anticipated to lead the market in terms of revenue, while the Asia-Pacific region is projected to experience the highest growth rate. The demand for construction composites is further bolstered by large-scale infrastructure projects in regions like China and Germany, which are investing heavily in transportation and energy infrastructure.

In North America, the construction composite market is experiencing increased utilization due to the expanding construction activities in the United States, Canada, and Mexico. The United States, with its substantial construction industry, is a major consumer of these materials. Canada is also witnessing a surge in construction, particularly in urban areas like Toronto, where numerous high-rise buildings are under development. The market is characterized by fragmentation, with key players such as Hexcel Corporation, Owens Corning, and Toray Industries Inc. actively enhancing their market positions through strategic acquisitions and partnerships. These developments indicate a dynamic market landscape, with companies continuously seeking to strengthen their foothold in the construction composite sector.

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Construction Composite Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Use of Composites in Construction Applications
  2. 1.1.2 Rehabilitation of Old Concrete Structures
2. 1.2 Restraints
  1. 1.2.1 High Initial Production and Installation Costs of Composites
3. 1.3 Industry Value-Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Revenue)
1. 2.1 Resin Type
  1. 2.1.1 Polyester Resin
  2. 2.1.2 Vinyl Ester
  3. 2.1.3 Polyethylene
  4. 2.1.4 Polypropylene
  5. 2.1.5 Epoxy Resin
  6. 2.1.6 Other Resin Types
2. 2.2 Fiber Type
  1. 2.2.1 Carbon Fibers
  2. 2.2.2 Glass Fibers
  3. 2.2.3 Natural Fibers
  4. 2.2.4 Other Fiber Types
3. 2.3 End-use Sector
  1. 2.3.1 Industrial
  2. 2.3.2 Commercial
  3. 2.3.3 Housing
  4. 2.3.4 Civil
4. 2.4 Geography
  1. 2.4.1 Asia-Pacific
    1. 2.4.1.1 China
    2. 2.4.1.2 India
    3. 2.4.1.3 Japan
    4. 2.4.1.4 South Korea
    5. 2.4.1.5 ASEAN Countries
    6. 2.4.1.6 Rest of Asia-Pacific
  2. 2.4.2 North America
    1. 2.4.2.1 United States
    2. 2.4.2.2 Canada
    3. 2.4.2.3 Mexico
  3. 2.4.3 Europe
    1. 2.4.3.1 Germany
    2. 2.4.3.2 United Kingdom
    3. 2.4.3.3 Italy
    4. 2.4.3.4 France
    5. 2.4.3.5 Spain
    6. 2.4.3.6 Rest of Europe
  4. 2.4.4 South America
    1. 2.4.4.1 Brazil
    2. 2.4.4.2 Argentina
    3. 2.4.4.3 Rest of South America
  5. 2.4.5 Middle-East and Africa
    1. 2.4.5.1 Saudi Arabia
    2. 2.4.5.2 South Africa
    3. 2.4.5.3 Rest of Middle-East and Africa