Construction Composites Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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A06903
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Sep 2020 |
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Request Now !Construction Composites Market Analysis 2020-2027:
Composite is a material that is composed of two or more constituent materials with substantially different chemical or physical characteristics, which are blended to construct a composite that exhibits distinct characteristics from the individual components. Construction composites such as wood composites, metal composites, and fiberglass are majorly applicable in the construction of commercial, industrial, and residential industries. Construction composites use glass fiber-bonded polymers that provide effective assistance at varying environmental conditions against extremely corrosive materials, extreme weather, pressure, and temperatures. Composites possess properties such as lightweight, stability in design, resistance to degradation, and toughness, which make suitable for use in the construction industry.
Market scope and structure analysis
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Report Metric |
Details |
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Market size available for years |
2019–2027 |
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Base year considered |
2019 |
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Forecast period |
2020–2027 |
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Forecast unit |
Value (USD) |
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Segments covered |
Fiber Type, Resin, Application, and Region |
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Regions covered |
North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA) |
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Companies covered |
Bedford Reinforced Plastics, Advanced Environmental Recycling Technologies, Inc., Diversified Structural Composites, UPM Biocomposites, Exel Composites Oyj, Jamco Corporation, Strongwell Corporation, Trex Company, Inc., Schoeck International, and Fiberon LLC |
Key drivers of global construction composites market
The development of the construction industry along with increase in demand for eco-friendly and low-maintenance goods is anticipated to augment the demand for construction composites during the projected timeline. Furthermore, long service life and low maintenance costs fuels the demand for construction composites in the construction industry. In addition, change in lifestyle owing to increase in per capita income in emerging regions significantly contributes toward the development of innovative buildings and high-end buildings integrated with modern technologies, requiring specific composites to make the building durable and functional in all situations. Thus, all these factors collectively drive the growth of the global construction composites market.
Market scenario: opportunities and challenges
Increase in application of construction composites in fencing, stairways, gratings, railings, and floors for the industrial, residential, and household industries notably contributes toward the growth of the global market. In addition, the growth of the industry is driven by rise in construction activities and investments in infrastructure development in emerging nations. Technological developments have resulted in increased use of the commodity, especially as a substitute for conventional products such as aluminum and wood, which, in turn, is anticipated to create remunerative opportunities for the expansion of the global market during the forecast period. However, owing to the complex manufacturing cycle and high composite price can become a barrier to reinforced building materials industry. In addition, lack of knowledge on adding value to product characteristics such as longevity, increased workability, and time reduction is expected to impede the growth of the construction composites market.
COVID-19 scenario analysis
The global construction composite market is expecting a slowdown, owing to the outbreak of COVID-19 pandemic. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from the industrial sector to residential sector. This pandemic situation is likely to slow down the world’s economic development. With the slowdown in the economic growth, the construction composite industry is anticipated to witness negative impacts.
Key segments covered
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Segment |
Subsegment |
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Fiber Type |
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Resin |
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Application |
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Key benefits of the report
- This study presents the analytical depiction of the global construction composites industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global construction composites market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global construction composites market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global construction composites market research report
- Which are the leading market players active in the global construction composites market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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