Construction Composites Market Size, Revenue, Trend & Regional Forecast 2018-2025 By Top Players - Diversified Structural Composites, Exel Composites, Strongwell, Trex Company
Growing construction activities in the emerging countries due to massive government investments to improve public infrastructure will boost the construction composites market size by 2025. For instance, in India USD 2.4 billion project is currently in progress to build the Navi Mumbai International Airport that started in March 2015 and is expected to be completed till 2019.
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Construction Composites Market size is forecast to exceed USD 65 billion by 2025. Construction composites market share is highly competitive with prominent players accounting for a major chunk of the total business size in 2017. The major players include Exel Composites, Bedford Reinforced Plastics, UPM Biocomposites, Advanced Environmental Recycling Technologies, Diversified Structural Composites, Strongwell Corporation, Jamco Corporation, Schoeck International, Fiberon LLC, Trex Company, Hughes Brothers Inc. and Fibrolux GmbH.
The aforementioned players are expanding its volume to fulfill the growing product demand in the world. For example, in January 2017, Fiberon launched 2 new construction composites product brands namely Fiberon Composite Cladding and new Fiberon Relax Decking to expand its product portfolio in the global construction composites market size.
- Construction composites market, product by application
o Composite wood
o Metal composites
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Metal composites accounted for more than 25% of the overall market size in 2017. The high tensile strength and the anti-corrosive properties of the product will augment the construction composite market for this segment in the near future. The increasing need of high performance composites to make the exterior building parts anti corrosive and durable will complement industry growth by 2024. Metal composites acts as an excellent substitute for traditional metal decking and flooring in the buildings which will surely amplify the construction composites market size by 2025.
Middle East & Africa construction composites market size is likely to grow at a CAGR of more than 6% by 2025. Government has been making huge investment to improve the overall infrastructure of the region. For instance, government construction spending in the region accounts for 67% with large scale projects, each of which is worth over USD 1 billion which in turn will drive the construction composites market size in the near future. Countries including the UAE, Qatar, Oman and Egypt will power 6% overall growth in the Middle East in 2017 i.e. up from 5.3% last year. Also, increasing number of public private partnership projects is expected to boost investments in the construction sector in the coming years.
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Chapter 1. Methodology And Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
22.214.171.124. Forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Construction composites industry 360° synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
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