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A15500 | Pages: 340 | Charts: 59 | Tables: 115 |
The global composites in construction market was valued at $17.8 billion in 2023, and is projected to reach $37.1 billion by 2033, growing at a CAGR of 7.6% from 2024 to 2033.
Market Introduction and Definition
Composites in construction refer to materials that are made by combining two or more constituent materials with different physical or chemical properties. When these materials are combined, they produce a material with characteristics different from the individual components. The primary constituents in composites are the matrix (binder) and the reinforcement. The matrix material surrounds and binds together fragments of the reinforcement, creating a material with enhanced structural and mechanical properties. In addition, composites are highly resistant to environmental factors such as corrosion, weathering, and chemical exposure. This durability translates to longer lifespans and lower maintenance costs compared to traditional construction materials like steel and concrete. Furthermore, composites can be engineered to meet specific performance requirements, allowing for greater design flexibility and innovation in construction projects.
Key Takeaways
The composites in construction market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2023-2033.
India is the leading real estate investment market in Asia. Construction margins in India are also double that of the world average a perfect combination that makes India the most profitable construction market in the world.
More than 2, 500 product literatures, industry releases, annual reports, and other such documents of major composites in construction industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
Key Market Players