Construction Composites Market | Key players: Advanced Environmental Recycling Technologies,, Bedford Reinforced Plastics, Diversified Structural Composites, Exel Composites Oyj, Hughes Brothers, Jamco Corporation, Schoeck International, Strongwell Corpor

According to recent research "Construction Composites Market by Fiber Type (Carbon, and Natural Fiber), Resin Type (Polyester, Vinyl Ester, Polyethylene and Polypropylene), Application (Industrial, Commercial, Housing and Civil) - Global Forecast to 2026", published by MarketsandMarkets™, The construction composites market is projected to reach USD 8.98 Billion by 2026, growing at a CAGR of 6.00%, from 2016 to 2026.

Browse 79 market data tables and 63 figures spread through 155 pages and in-depth TOC on “Construction Composites Market - Global Forecast to 2026”
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The construction composites market is driven by the increasing penetration of composites in the construction industry and the long life and low maintenance cost of composites. Also, rapid urbanization and the economic boom in emerging countries and the development of innovative products is driving the construction composites market globally.

The increase in the penetration of construction composites in the construction industry, the long life & low maintenance requirement, rapid urbanization & economic boom in the emerging countries and the development of innovative products, are key factors responsible for the growth of the construction composites market.

The construction composites market, by resin type is segmented into polyester, vinyl ester, polyethylene, polypropylene and other resins. The polypropylene resin construction composites market is expected to grow faster during the forecast period, as polypropylene resin based construction composites offer various thermal and mechanical properties, such as resistance to corrosive liquids, excellent electrical insulation and good performance at elevated temperatures, lower styrene emissions as compared to polyester resins, good adhesion strength to the different varieties of reinforcements, and so on.

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The key companies offering construction composites are mainly involved in new product launches and agreements to strengthen their positions in the construction composites market. The leading companies adopted these strategies to improve their distribution channels and to strengthen their presence in the developed and emerging countries, between 2011 and 2016.

From 2011 to 2016, new product launches and agreements were the key strategies adopted by industry players to maintain growth in the global construction composites market. These strategies accounted for 48% and 45%, respectively, of the strategies adopted between 2011 and 2016. The market players concentrated mainly on consolidation through agreements and new product launches with the intention of increasing their market shares and enhancing their sustainability

The major manufacturers profiled in this report are Trex Company, Inc. (U.S.), Hughes Brothers, Inc. (U.S.), Advanced Environmental Recycling Technologies, Inc. (U.S.) Strongwell Corporation (U.S.) and others. These companies have adopted various organic and inorganic growth strategies such as new product developments, agreements, and expansions to expand their global presence and increase their penetration into the construction composites market.

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Trex Company, Inc. (U.S.), Advanced Environmental Recycling Technologies, Inc. (U.S.), Strongwell Corporation (U.S.) and Bedford Reinforced Plastics (U.S.) are the major companies adopting the maximum number of growth strategies between 2011 and 2016 in the construction composites market. Trex Company, Inc. is the world’s largest manufacturer of composite decking & railing products. It accounted for the largest share of all the development activities undertaken in the global construction composites market between 2011 and 2016. The company follows dynamic growth strategies with agreements, new product launches and expansions, to strengthen its geographical presence and customer base. For instance, Trex Company, Inc. in October 2013, signed an agreement with Babcock Lumber Company (U.S.) for the supply of Trex Company products in Western and Central Pennsylvania, Western New York, and West Virginia. This approach has helped the company to expand its footprint in the commercial and housing application of construction composites in the North American market.

Advanced Environmental Recycling Technologies, Inc. (AERT) is one of the leading providers of composite decking & railing for applications in commercial, industrial and housing applications in North America. The company is focused on new product launches and signing agreements with different companies to expand its distribution network. For instance, in April 2015, AERT entered into an agreement with Cedar Creek, LLC for the distribution of MoistureShield products in Colorado. It helped the company to increase its market share in the North American construction composites market.

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