Global Construction Composites Market | Size | Share | Industry Forecast - 2023

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The construction composites market is estimated to grow during the forecast period (2017-2023) owing to their high strength-to-weight ratio, heat resistance, and lightweight that would increase the fuel efficiency in vehicles and provide structural stability to aircrafts, thereby resulting in high demand from aerospace and defense sectors.

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The global construction composites market can be segmented into fiber type, resin type, application and region. The construction composites market, by fiber type, is segmented into carbon fiber, glass fiber and natural fiber.

The major applications of composites include end-use sectors such as aerospace and defence, transportation, wind energy, construction and infrastructure, pipes and tanks, marine, electricals and electronics. Wind energy is the fastest-growing application in the construction composites market during the forecast period.

North America is expected to be the fastest-growing market for construction composites during the forecast period. Factors such as increasing urbanization and industrialization, coupled with long life and the low maintenance requirement is expected to drive the demand for construction composites in existing applications such as civil, commercial and industrial in this region.


The restraining factors for construction composites market include high production and installation costs of construction composites and recyclability.

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Toray Industries, Inc., Teijin Limited, Owens Corning, Advanced Environmental Recycling Technologies, Inc., Bedford Reinforced Plastics, Diversified Structural Composites, Strongwell Corporation, Excel Global, UPM and Hexcel Corporation are the key manufacturers of construction composites market. These companies undertake strategic alliances including product & business expansions, investments and agreements, to increase their market share and customer base.

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