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Composite Repair Market is projected to reach USD 34.2 billion by 2028

07-22-2023 08:24 AM CET | Energy & Environment

Press release from: ReportsnReports

Composite Repair Market

Composite Repair Market

"The composite repair market is projected to register a CAGR of 13.0% during the forecast period."

The composite repair market is estimated to be USD 18.6 billion in 2023 and is projected to reach USD 34.2 billion by 2028, at a CAGR of 13.0% between 2023 and 2028. The increasing demand for composite repair in wind energy, automotive & transportation, aerospace & defense industry is one of the most significant factors projected to drive the growth of the composite repair market.

"Rising investment in the rehabilitation of old structures to drive the composite repair market"

According to the American Society of Civil Engineers 2018 Report Card, The U.S. requires USD 3.3 trillion to repair the country's infrastructure by 2020. It states that one out of nine bridges is structurally deficient and the average age of 607,380 bridges is 42 years. According to estimations of The Federal Highway Administration, the country needs to invest USD 20.5 billion annually, with addition to the current investment of USD 12.8 billion by 2028.

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The Grow America Act will increase investment in aging bridges. According to the U.S. Department of Transportation, highways and bridges face a USD 808.2 billion backlog of investment needs, including USD 479.1 billion in critical repair work. Also, 11% of the bridges are classified as structurally deficient. The financial year 2016 proposes USD 478 billion funding for six years to modernize the infrastructure and transportation systems. This includes the repair and maintenance of bridges. Under the U.S. President's Fix-it-First initiative, 25% of the USD 29.4 billion funding will be directed to improve structurally deficient interstate bridges.

In Europe, approximately 70% of the metallic bridges are older than 50 years and 30% are older than 100 years. Germany will be spending USD 292 billion on the construction and modernization of bridges, roads, railways, and waterways. Out of this funding, 70% will go to repair work.

"Introduction of self-healing composites to restrain for composite repair market."

Research is being done on composites to provide additional functionalities to composite structures such as self-healing, sensing morphing, lightning protection, and energy storage. Examples of self-healing composites are hollow fibers, lost wax process, and Sheffield solid-state healing.

Sensing: For self-healing, composites need to be able to detect damage on their own. For this, many approaches are under development, such as fiber optic/Bragg gratings, carbon, nanotubes or graphene, Ferromagnetic microwires, and acoustic emission.

Morphing: Morphing refers to a structure that can change shape and does not require repair techniques that add weight. For example, tow-steered composites with variable stiffness to form bi-stable structures, morphing corrugated structures, and prestressed bistable composites.

As industries continue to embrace lightweight, durable, and fuel-efficient materials, composites have emerged as a key player in manufacturing, construction, aerospace, automotive, and renewable energy sectors. With their remarkable strength-to-weight ratio and versatility, composites have become integral to modern engineering. However, like any material, composites are susceptible to wear, damage, and degradation over time. The future of composite repair promises to be an exciting journey of innovation and sustainability.

One of the most significant advancements in composite repair is the integration of smart materials and nanotechnology. Researchers are exploring self-healing materials that can detect and repair micro-cracks autonomously, prolonging the lifespan of composite structures. Nanoparticles embedded in composites allow for enhanced damage detection, making it easier to identify potential issues before they escalate.

Automation and robotics are revolutionizing the repair process. Autonomous repair systems equipped with AI and machine learning algorithms can conduct non-destructive testing, assess damage severity, and apply precise repairs without human intervention. This not only reduces human error but also accelerates repair times and minimizes downtime.

Moreover, eco-friendly repair techniques are gaining traction. Bio-based resins and sustainable reinforcement materials, such as flax fibers, are being explored as greener alternatives to traditional repair materials. These advancements contribute to the goal of achieving more environmentally conscious and circular economies.

In the aerospace industry, additive manufacturing, or 3D printing, is being employed to create intricate patches and reinforcements for damaged composite components. This technology ensures that the repaired area matches the original structure's specifications, guaranteeing optimal performance.

While the future of composite repair is promising, it also brings forth challenges. Standardization of repair processes and certification procedures remain vital to ensure the highest safety standards. Additionally, training skilled technicians to handle advanced repair technologies will be crucial to fully realize the potential of these innovative solutions.

In conclusion, the future of composite repair lies in the convergence of smart materials, automation, sustainable practices, and additive manufacturing. These cutting-edge approaches promise to enhance the durability, safety, and efficiency of composite structures across industries, paving the way for a more sustainable and resilient tomorrow. Embracing these advancements will undoubtedly unlock a world of possibilities for composites and shape the future of engineering and beyond.

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