Global Construction Composites Market 2017-2021
About Construction Composites
Composites are engineered or naturally occurring materials made from two or more constituent materials. They have significantly different physical or chemical properties that are predominantly used in the manufacture of building products. The market encompasses fiber type used in construction composites such as glass fiber, natural fibers, and other fibers that are used in the industrial, commercial, housing, and civil sectors. The construction sector offers an abundant potential for the use of composites since they significantly improve the product performance over traditional building materials. Some of the key composite applications in the construction sector include structural components, roofing, doors and window profiles, acoustics, cladding, and facades, in addition to customized fabrication of structures and components. The composites used in the construction sector are lightweight, durable, and offer flexibility to engineers, architects, and designers, to bring out innovative designs that are not constrained by material limitations.
Technavio’s analysts forecast the global construction composites market to grow at a CAGR of 5.98% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global construction composites market for 2017-2021. To calculate the market size, the report considers the sales of construction composites in the end uses such as industrial, commercial, housing, and civil sectors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Construction Composites Market 2017-2021
Technavio recognizes the following companies as the key players in the global construction composites market: Advanced Environmental Recycling Technologies, CPG International, Fiberon, Trex Company, and UPM.
Other Prominent Vendors in the market are: Bedford Reinforced Plastics, Diversified Structural Composites, Exel Composites, faigle Kunststoffe, Fibergrate Composite Structures, FIBROLUX, Jiangsu Jiuding New Material, Pultron Composites, Schoeck International, and STRONGWELL CORPORATION.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is continuous processing gaining fast momentum. The continuous processing sector has been consistently demanding fast and improved processing methods that will increase the production of composites globally. The development of optimized pultrusion process has been the focus of research. The continuous processing sector is often governed by highly automated systems. Cumbersome official approval procedures and lack of standardization have been a roadblock to the growth of the continuous processing sector.”
According to the report, one of the major drivers for this market is Growth in housing and construction sector. Composites are widely used in the building and construction industry for interior and outdoor applications such as decking. Decking accounts for the largest share of the market and the demand for these products is expected to increase significantly during the forecast period. APAC offers significant growth opportunities because of the growth in the housing sector. North America and Europe represent mature markets for decking.
Further, the report states that one of the major factors hindering the growth of this market is fiber costs. The fiber costs can increase depending on functionalities such as mechanical properties, environmental resistance, and temperature resistance. The majority of the cost is attributed to fiber reinforcement. The fibers can be in the form of a spool or pre-woven fabric, which largely depends on the manufacturing process.
Advanced Environmental Recycling Technologies, CPG International, Fiberon, Trex Company, UPM, Bedford Reinforced Plastics, Diversified Structural Composites, Exel Composites, faigle Kunststoffe, Fibergrate Composite Structures, FIBROLUX, Jiangsu Jiuding New Material, Pultron Composites, Schoeck International, and STRONGWELL CORPORATION
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