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Surging Composites Repair and Rehab Market: Anticipated to Reach $2.9 Billion by 2029, Growing at a CAGR of 8.7%
Composites Repair And Rehab Market
What Is The Projected Market Size Of The Global Composites Repair And Rehab Market And Its Growth Rate?
The composites repair and rehab market showcases a promising growth trajectory:
• The market grew from $1.91 billion in 2024 to $2.07 billion in 2025, marking a compound annual growth rate (CAGR) of 8.4%.
• Expected to rise to $2.9 billion by 2029 at a CAGR of 8.7%.
What Is Driving The Growth In The Composites Repair And Rehab Market?
The phenomenal expansion of the automotive industry is steering the growth of the composites repair and rehab market. The industry, encompassing production and distribution of self-powered vehicles such as automobiles, trucks, agricultural machinery, and commercial vehicles, achieves weight reduction, enhanced strength, and excellent mechanical resistance through composite repair and rehab services. A notable increase in light vehicle seasonally adjusted annualized sales (SAAR) from 13.77 million units in December 2022 to 16.08 million units in December 2023 has evidenced this spur. Additionally, the total sales for the entire year of 2023 were calculated as 15,608,386 units, marking a 12.3% rise relative to 2022. Consequently, this rapid expansion of the automotive industry is driving the composite repair and rehab market.
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Who Are the Key Players Driving Composites Repair And Rehab Market Growth?
The composites repair and rehab market is powered by numerous leading players:
• Hexcel Corporation
• Sherwin-Williams Company
• Fibrwrap Contractors S.A.
• 3M Company
• Composite Technology Inc.
• Air France KLM S.A.
• Simpson Strong-Tie Company Inc.
• Aegion Corporation
• Mapei
• Gurit Services AG
• The IKM Group
• Sika AG
• CSNRI Composites
• WichiTech Industries Inc.
• The Boeing Company
• TD Williamson Inc.
• Crawford Composites LLC
• Hong Kong Aircraft Engineering Company Limited
• Citadel Technologies
• BASF SE
• Team Inc.
• WR Composites
• Milliken Infrastructure Solutions LLC.
• Henkel AG & Co KGaA
What Are The Key Trends In The Composites Repair And Rehab Market?
Key trends prevalent in the market are:
• Integration of automation and robotics
• Development of sustainable composite repair solutions
• Increasing application in oil and gas pipelines
• Use of composite wraps for structural reinforcement
• Training and certification programs
What Are The Segments Of The Global Composites Repair And Rehab Market?
The market is divided into the following segments:
• By Product: Glass Fiber Composites, Carbon Fiber Composite, Other Products
• By Process: Hand Lay-up, Vacuum Infusion, Autoclave, Other Processes
• By Application: Civil Infrastructure, Existing And Historic Building, Parking Structure, Other Applications
• By End-User Industry: Aerospace And Defense, Wind Energy, Automotive, Marine, Construction, Other End-User Industries
Which Region Leads The Composites Repair And Rehab Market?
Asia Pacific held the largest share of the composites repair and rehab market in 2024. The regions encompassed in the composites repair and rehab market report include, Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Composites Repair And Rehab Market Global Market Report?
- Market Size Analysis: Analyze the Composites Repair And Rehab Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Composites Repair And Rehab Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Composites Repair And Rehab Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Composites Repair And Rehab Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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