DUBLIN, July 29, 2021 /PRNewswire/ -- The "Global Construction Repair Composites Market by Fiber Type (Glass, Carbon), Resin Type, Product Type (Fabric, Plate, Rebar, Mesh, Adhesive), Application (Bridge, Water Structure, Industrial Structure, Commercial), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global construction repair composites market is projected to grow from USD 331 million in 2021 to USD 533 million by 2026, at a CAGR of 10% between 2021 and 2026.
Construction repair composites are demanded in various applications including residential, commercial, silo flue pipe, oil & natural gas pipeline, water structure, industrial structure, and others; due to its advantages properties such as high durability, temperature resistance, lightweight, and highly stiff. However, global pandemic disease COVID-19 has disrupted the operations of construction and construction repair industries which has decreased the demand for construction repair composites in 2020.
Carbon Fiber Type is the fastest-growing Fiber Type of construction repair composites, in terms of value
The carbon fiber composites find wide uses in various end-use applications. Some of the major applications includes bridge, commercial, residential, water structure, industrial structure, silo flue pipe, oil & natural gas pipeline, and others. The increasing demand from these applications is expected to drive the carbon fiber construction repair composites market during the forecasted period.
Epoxy resin construction repair composites are the fastest-growing resin type of construction repair composites, in terms of value
The construction repair composites products are mainly used in various applications such as bridge, water structure, silo flue pipes, and many more. Epoxy resin composites are sometimes more preferred in construction repair applications because of their low shrinkage and higher strength. Epoxies are mainly used with high-performance composites, which have superior mechanical properties and high resistance to chemicals, heat, or corrosion. Epoxies are paired up more with carbon fiber construction composites. The increasing demand for construction repair composites from silo flue pipe, commercial, residential, and industrial structure is expected to drive the market during the forecast period.
Rebar is the fastest-growing Product Type of construction repair composites, in terms of value
The rebar is fastest growing product type in construction repair composites market. Rebar is light fiber reinforced polymer, which possesses extensively high strength. The rebars are transparent to magnetic field as well as to radio frequencies, thermally, and electrically non-conductive, and impervious to chemical attack, and hence are used as an alternative to the steel reinforcements in the construction industry. Rebars are typically used in the repairing of bridges, highways, commercials, industrial structures and other application.
Commercial is the fastest-growing application of construction repair composites, in terms of value
In the commercial application, construction repair composites are used in commercial construction repairs, including offices, schools, universities, and hospitals. The structural engineering from these non-residential construction projects uses construction composites due to its potential benefits along with the cost-effectiveness used to repair critical components of wind turbines. Growing population, and need of commercial construction repairs in APAC countries such as China and India are expected to boost the demand for construction repairs during the forecast period. This is expected to drive the construction repair composites market in this application. The recovery in construction repair industry post Covid-19 era is expected to drive the construction repair composites market.
APAC is the fastest-growing construction repair composites market
APAC is projected to register the highest CAGR in terms of value in the global construction repair composites market during the forecast period. The growth of the construction repair composites industry in this region is supported by the recovery in end-use applications, the advancement of industrial technology solutions, and increasing need of construction repair processes for various structures.
Due to COVID-19, construction industry and numerous companies have halted their production sites across various countries that has led to reduced demand for construction composites, which affected the construction repair composites demand in APAC countries. The recovery in the end-use applications with restoration in the supply chain would drive the construction repair composites demand during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights4.1 Attractive Opportunities in the Construction Repair Composites Market4.2 Construction Repair Composites Market, by Fiber Type and by Region (Volume)4.3 Construction Repair Composites Market, by Resin Type (Volume)4.4 Construction Repair Composites Market, by Product Type4.5 Construction Repair Composites Market, by Application (Volume)4.6 Construction Repair Composites Market, by Country
5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers18.104.22.168 Growing Demand for Construction Composites due to Its Advantages Over Traditional Substitutes22.214.171.124 High Growth of Construction Sector126.96.36.199 Increasing Usage of Construction Composites in Residential and Commercial Sector5.2.2 Restraints188.8.131.52 Lack of Experienced Professionals Related to Construction Composite Products in Emerging Markets184.108.40.206 Higher Costs Compared to Traditional Substitutes220.127.116.11 Lower Demand due to Global Health Crisis5.2.3 Opportunities18.104.22.168 Development of Low-Cost Carbon, Glass, and Basalt Fibers Can Reduce Cost of Construction Composites22.214.171.124 Growing Demand from Emerging Markets5.2.4 Challenges126.96.36.199 Availability of Low-Cost Substitutes and Lower Adoption and Acceptance of Construction Composites188.8.131.52 Maintaining an Uninterrupted Supply Chain due to COVID-195.3 Porter's Five Forces Analysis5.3.1 Bargaining Power of Suppliers5.3.2 Bargaining Power of Buyers5.3.3 Threat of Substitutes5.3.4 Threat of New Entrants5.3.5 Intensity of Competitive Rivalry5.4 Technology Analysis5.5 Ecosystem: Construction Repair Composites Market5.6 Value Chain Analysis5.7 Raw Material Selection5.8 Impact of COVID-195.8.1 Impact of COVID-19 on Construction Industry5.9 Supply Chain Analysis5.10 Construction Repair Composites Market: Optimistic, Pessimistic, and Realistic Scenario5.11 Pricing Analysis5.12 Key Market for Import/Export5.13 Case Study Analysis5.14 Patent Analysis5.15 Average Selling Price5.16 Tariff and Regulations5.17 Construction Repair Composites Market: YC and YCC Shift
6 Construction Repair Composites Market, by Fiber Type6.1 Introduction6.1.1 Construction Repair Composites Market Size, by Fiber Type6.2 Glass Fiber Construction Composites6.2.1 Glass Fiber Construction Repair Composites Market Size, by Region6.3 Carbon Fiber Construction Composites6.3.1 Carbon Fiber Construction Repair Composites Market Size, by Region6.4 Other Fiber-based Construction Composites6.4.1 Other Fibers Based Construction Repair Composites Market Size, by Region
7 Construction Repair Composites Market, by Resin Type7.1 Introduction7.1.1 Construction Repair Composites Market Size, by Resin Type7.2 Vinyl Ester7.2.1 Vinyl Ester Resin-based Construction Repair Composites Market Size, by Region7.3 Epoxy7.3.1 Epoxy Resin-based Construction Repair Composites Market Size, by Region7.4 Others7.4.1 Other Resins-based Construction Repair Composites Market Size, by Region
8 Construction Repair Composites Market, by Product Type8.1 Introduction8.2 Textile/Fabric8.3 Plate8.4 Rebar8.5 Mesh8.6 Adhesive
9 Construction Repair Composites Market, by Application9.1 Introduction9.1.1 Construction Repair Composites Market Size, by Application9.2 Residential9.2.1 Wide Range of Properties Make Construction Composite Products Ideal in Repair of Residential Projects9.2.2 Construction Repair Composites Market Size in Residential Application, by Region9.3 Commercial9.3.1 Construction Composites are Used in Schools, Universities, and Hospitals for Their High Tensile Strength9.3.2 Construction Repair Composites Market Size in Commercial Application, by Region9.4 Bridge9.4.1 Composite Rebars, Mesh, and Fabric Increase the Strength of Bridges9.4.2 Construction Repair Composites Market Size in Bridge Application, by Region9.5 Silo-Flue Pipe9.5.1 Construction Composites Used in Silo-Flue Pipes to Prevent Corrosion and for Repair Activities9.5.2 Construction Repair Composites Market Size in Silo-Flue Pipe Application, by Region9.6 Oil and Natural Gas Pipeline9.6.1 Demand for Construction Composites for Repair of Oil and Natural Gas Pipelines to Boost the Market9.6.2 Construction Repair Composites Market Size in Oil and Natural Gas Pipeline Application, by Region9.7 Water Structure9.7.1 Construction Composite Wraps Strengthen, Repair, and Restore Water Storage Structures9.7.2 Construction Repair Composites Market Size in Water Structure Application, by Region9.8 Industrial Structure9.8.1 Construction Composite Products Offer High Elastic Modulus, Fatigue Strength in Industrial Structures9.8.2 Construction Repair Composites Market Size in Industrial Structure Application, by Region9.9 Others9.9.1 Construction Repair Composites Market Size in Other Applications, by Region
10 Construction Repair Composites Market, by Region
11 Competitive Landscape11.1 Introduction11.2 Market Share Analysis11.3 Market Ranking11.4 Market Evaluation Framework11.5 Revenue Analysis of Top Market Players11.6 Company Evaluation Matrix11.6.1 Star11.6.2 Pervasive11.6.3 Participants11.6.4 Emerging Leaders11.7 Small and Medium-Sized Enterprises (SME) Evaluation Matrix11.7.1 Progressive Companies11.7.2 Responsive Companies11.7.3 Dynamic Companies11.7.4 Starting Blocks
12 Company Profiles12.1 Key Companies12.1.1 Sika12.1.2 Mapei S.p.A.12.1.3 Fosroc12.1.4 Master Builders Solutions12.1.5 Fyfe12.1.6 AB-Schomburg Yapi Kimyasallari 12.1.7 Dowaksa12.1.8 Dextra Group12.1.9 Rhino Carbon Fiber Reinforcement Products 12.1.10 Chomarat Group 12.1.11 Sireg Geotech S.R.L. 12.1.12 Owens Corning 12.1.13 Antop Global Technology Co. Ltd. 12.1.14 Steklonit JSC 12.1.15 Strongwell 12.1.16 Technobasalt-Invest, LLC 12.1.17 Simpson Strong-Tie Company Inc.12.2 Other Companies12.2.1 Composite Group Chelyabinsk12.2.2 Schock Bauteile GmbH12.2.3 Pultron Composites12.2.4 Zhongao Carbon12.2.5 Pultrall Inc.12.2.6 Armatsek12.2.7 Firep Group12.2.8 Galen LLC
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