China Construction Composites Market Size, Industry Trends, Share and Forecast 2020-2026

The China construction composite market is anticipated to showcase a considerable CAGR of 6.8% during the forecast period (2020-2026). China has a well-established construction industry, with developments in the residential and infrastructural verticals supporting the growth of the construction industry on a large scale. In 2019, the government planned to increase infrastructural investment to ensure the stability of its sagging economy. According to the report presented in the annual session of the National People’s Congress, in March 2019, CNY 1.8 trillion ($261 billion) of investment was planned for road construction and waterway projects.

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Besides, the country also witnessed an increase in the approvals of infrastructural projects in 2019, which is expected to further increase infrastructural spending throughout the next few years. During the first nine months of 2019, the country’s infrastructural investment accelerated by 4.5%. The government has plans to accelerate its construction activities, more precisely in the infrastructural vertical, post the COVID-19 era, to recuperate from the economic losses the country had to face. The major cities and provinces across the country have already drawn up plans to make substantial investments of nearly $5 trillion shortly. The growth in the construction industry is anticipated to drive the growth of the construction composite industry in the country.

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Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By fiber Type, By Resin Type, By End-User
• Regions Covered- Europe
• Competitive Landscape- Arkema S.A, Mitsubishi Chemical Corp., BASF SE, Reichhold LLC, Koninklijke DSM N.V.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

China Construction Composites Market Report Segment

By Fiber Type

• Carbon Fiber
• Glass Fiber
• Other fiber

By Resin Type

• Thermoplastic Resin
• Thermosetting Resin

By End-User

• Residential
• Commercial
• Industrial

Company Profiles

• Allnex Netherlands B.V.
• Arkema Group
• Ashland Global Holdings Inc.
• BASF SE
• Crystic Resins India Pvt. Ltd.
• DuPont de Nemours, Inc.
• Evonik Industries, Inc.
• Koninklijke DSM N.V.
• Mitsubishi Chemical Corp.
• PolyntSpA
• Qualipoly Chemical Corp.
• RAN Chemicals Pvt. Ltd.
• The Dow Chemical Co.

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