Construction Composite Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Construction Composite Market covers analysis by Fiber Type (Glass Fiber, Carbon Fiber and Natural Fiber); Resin Type (Polyester Resin, Vinyl Resin, and Polyethylene); Application (Commercial, Indsutrial, Residential, and Civil), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00002834
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

The construction composite encompasses the utilization of composite materials in the construction industry. These materials are formulated by blending two or more distinct materials, such as fibers and resins, to generate new materials with superior properties. Composites are employed in many applications in the construction sector, including building and infrastructure projects. The market is driven by the need for materials that are lightweight, durable, and strong enough to endure harsh conditions while providing cost savings compared to traditional materials. Furthermore, the increasing demand for sustainable and energy-efficient building solutions is projected to boost the market's growth in the future.

Market Trends/ Market Scenario

Construction Composites are being demanded in residential and commercial construction applications. In vehicles these composites would increase the fuel efficiency and provide structural stability to aircrafts, thereby resulting in high demand from aerospace and defense sectors. These composites have better insulation, water resistance, thermal resistance, and re-usability properties. These make them applicable for a wide range of applications.

The major driving factor for construction composites is growing urbanization, long life and low-cost maintenance of construction composites. Furthermore, technological innovation and advancement in innovative products is creating lucrative opportunities.

Market Report Scope/Inclusions

The "Global Construction Composite Market Analysis to 2028" is a specialized and in-depth study of the construction composites industry with a focus on the construction composite market trend. The report aims to provide an overview of global construction composites market with detailed market segmentation by material, end-use, and geography namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America.

The construction composite market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of more than 18 major countries globally along with current trend and opportunities prevailing in the region for the construction composites market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. Further, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, Rest of the World after evaluating political, economic, social and technological factors affecting the Construction Composites market in these regions.

Market Segmentation

Global Construction Composite Market – Fiber Type

Global Construction Composite Market – Resin Type

  • Thermoset Composites
  • Thermoplastic Composites

Global Construction Composite Market – Application

  • Commercial
  • Residential
  • Others

Company Analysis

The Construction Composite market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years.

The report represents the mix of global & regional market players, emerging companies, market disruptors and niche market players operating at different geographical levels. Within the report, these players are analyzed on different parameters such as market offerings, market initiatives, innovative solutions & offerings, key developments, geographical reach, and customer base among others.  

Some of the key players influencing the construction composite market are

Strongwell Corporation, Trex Company Inc., Bedford Reinforced Plastics, Hughes Brothers Inc., Schoek International, Diversified Structural Composites, UPM Composites, Excel Composites, Pultron Composites, Fibergate Composite Structure, Inc.

Report Highlights

Our report on Construction Composite Market cover following key parameters:

  • Comprehensive market analysis at global, regional and country level
  • Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term

Market size and forecasts in terms of revenue; 2020 (historic), 2021 (base year), 2022 – 28 (forecast period)

In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions

  • Key company profiles and industry landscape to provide latest market initiatives and competitive landscape
  • Impact of COVID`19 pandemic on ecosystem and the construction composite market 

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. STRONGWELL CORPORATION
2. TREX COMPANY INC.
3. BEDFORD REINFORCED PLASTICS
4. HUGHES BROTHERS INC
5. SCHOECK INTERNATIONAL
6. DIVERSIFIED STRUCTURAL COMPOSITES
7. UPM BIOCOMPOSITES
8. EXCEL COMPOSITES
9. PULTRON COMPOSITES
10. FIBERGRATE COMPOSITE STRUCTURE, INC.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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