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Global Construction Composites Market Rapid Growth in the Forecast Period 2020–2025

10-30-2020 11:43 AM CET | Industry, Real Estate & Construction

Press release from: Orion Market Research

Global Construction Composites Market Rapid Growth in

Construction composite market is anticipated to exhibit a CAGR of 4.5% during the forecast period. The outlook of the construction industry appears upbeat, consequently increasing the demand for construction composite, globally. According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach a value of $8 trillion by 2030, primarily driven by China, India, and the US. In Europe, the construction industry has witnessed a solid growth rate and is estimated to record an average year-on-year growth of about 6% in the next few years. Hence, from the rapidly growing construction activities in the above countries, the demand for paints and coatings, flooring, and laminating among others is projected to increase substantially during the forecast period, which, in turn, may increase the consumption of construction composites.

A full Report of Global Construction Composites Market Available at: https://www.omrglobal.com/industry-reports/construction-composites-market

The rising demand for construction composites is anticipated to drive the growth of the global market. Looking towards the rising demand of construction composites several players are launching new construction composites in the market. For instance, in February 2020, PolyntSpA announced to establish its fully owned subsidiary Polynt Composites Turkey, incorporated and based in Istanbul. Polynt Turkey Kimyevi Ürünler Ticaret Anonim ?irketi will be established to allow the Group to serve the Turkish growing markets with its product portfolio and technical experience in the business of unsaturated polyester resins, vinyl ester resins, gelcoat, and compounds, with a special focus to the local composites applications in construction, engineering stone, and transportation.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/construction-composites-market

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2019-2026
• Segment Covered- By Fiber Type, By Resin Type, End User
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Arkema S.A., Mitsubishi Chemical Corp., BASF SE, Solvay S.A., Reichhold LLC, Koninklijke DSM N.V., and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region will project 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?

Global Construction Composite 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

Global Construction Composite Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Allnex Netherlands B.V.
• AOC, LLC
• Arkema S.A.
• Asahi Fiber Glass Co., Ltd.
• Ashland Global Holdings Inc.
• BASF SE
• BrajBinani Group
• Chongqing Polycomp International Corp.
• CIECH S.A.
• Crystic Resins India Pvt. Ltd.
• DuPont de Nemours, Inc.
• Eternal Materials Co., Ltd.
• Evonik Industries, Inc.
• Hexcel Corp.
• INEOS AG
• Koninklijke DSM N.V.
• Mitsubishi Chemical Corp.
• OrgiChemie FZ LLC
• PolyntSpA
• Reichhold LLC
• SABIC Group
• Solvay S.A.
• The Dow Chemical Co.

For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/construction-composites-market

For More Information, Visit https://www.omrglobal.com/
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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