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Carbon Fiber Construction Repair Market worth $192 million by 2028 | Key players SIKA AG (Switzerland), Mapei SpA (Italy), Fosroc Inc. (UAE), Master Builders Solutions (Germany).

06-19-2024 04:19 PM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Carbon Fiber Construction Repair Market, Carbon Fiber Construction Repair, Carbon Fiber, APAC Carbon Fiber Construction Repair

Carbon Fiber Construction Repair Market, Carbon Fiber Construction Repair, Carbon Fiber, APAC Carbon Fiber Construction Repair

According to recent market research the " Carbon Fiber Construction Repair Market by Product Type (Rebar, Fabric, Plate), Application (Residential & Commercial Building, Infrastructure, Industrial), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2028", is estimated at USD 119 million in 2023 and is projected to reach USD 192 million by 2028, at a CAGR of 10.0% from 2023 to 2028. The aging infrastructure, government support for construction repair projects, and rapid urbanization are triggering the growth of the carbon fiber construction repair market. The high growth of construction repair composites can be attributed to the growing number of construction repair projects globally due to the rising population, rapid urbanization, and high economic growth in some regions. Emerging markets like China, the UAE, and Saudi Arabia are showing remarkable growth due to the aforementioned factors. Also, construction repair composites are much better alternatives to traditional substitutes, i.e., steel and aluminum. This has been a decisive factor in carbon fiber composite growth, especially in regions like North America and Europe, where the usage of construction repair composite products is quite high.

Browse 163 market data Tables and 49 Figures spread through 196 Pages and in-depth TOC on "Carbon Fiber Construction Repair Market - Global Forecast to 2028"
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Carbon fiber fabric is a lightweight, high-strength material that is increasingly being used in commercial building repair. It is especially well-suited for repairing and strengthening concrete structures, which are the most common type of commercial building structure. It can be used to repair a wide range of concrete defects, including cracks, spalls, delamination, and corrosion. It can also be used to strengthen concrete structures to increase their load-bearing capacity or resistance to seismic forces. Generally, epoxy bonding is used to apply carbon fiber fabric to concrete surfaces. The fabric is first cut to size before being bonded to the concrete with a special epoxy resin. The epoxy resin cures to form a strong and long-lasting bond between the fabric and the concrete.

Carbon fiber composite products have a wide range of properties that make them ideal to use in the repair of residential projects across the globe. These properties include a high strength to weight ratio and anti-corrosion properties. Steel mesh is getting widely replaced by grids or sheets of composite fiber made carbon fiber composites, which are used in the inner as well as outer sections of concrete wall elements. The use of composite fiber sheets helps to decrease the overall weight of structural units and provides the needful chemical protection.

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Carbon fiber construction repair is in high demand in the North American region due to its use in the repair of commercial, residential, bridges, silo-flue pipes, oil and natural gas pipelines, water structures, and industrial structures. Among the many repair projects driving the market of carbon fiber construction repair in North America are the Old Youngs Bay Bridge across Youngs Bay in Astoria, Oregon (US), Huntley Bridge Perry's Creek Bridge in Burleigh Falls, Ontario (Canada), and Teed Bridge Cumberland County, Nova Scotia (Canada).

Prominent companies in the carbon fiber composite repair market include SIKA AG (Switzerland), Mapei SpA (Italy), Fosroc Inc. (UAE), Master Builders Solutions (Germany), Critica Infrastructure (US), AB-SCHOMBURG Yapi Kimyasallari A.S. (Turkey), Dowaksa (UAE), Dextra Group (Thailand), Rhino Carbon Fiber Reinforcement Products (US), Mitsubishi Chemical Corporation (Japan), Toray Industries Inc. (Japan), Simpson Strong-Tie Company Inc. (US), Antop Global Technology Co., Ltd. (China), Sireg Geotech S.r.l. (Italy), and Chomarat Group (US).

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Mapei SpA is a multinational Italian corporation headquartered in Milan, Italy. The company primarily manufactures chemicals, sealants, and adhesives for the construction industry. The company provides its products to provide solutions for various construction and repair industry applications such as residential, commercial buildings, infrastructure, and industrial applications. Through its structural strengthening product line, it provides composite products made of carbon fiber and glass fiber that are primarily used in construction and other building applications.

Master Builders Solutions, formerly headquartered in Ohio and now acquired by MBCC, offers advanced chemical solutions for new construction, maintenance, repair, or renovation of structures. The company develops, manufactures, and distributes concrete admixtures, cement additives, solutions for underground construction, waterproofing systems, concrete repair and protection systems, performance grouts, and flooring systems. It produces glass, carbon, and aramid fiber products, such as rods, mesh, and fabric, which have various applications in the field of construction and civil engineering.

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