According to the recent study the composite repair and rehab in the global construction industry market is projected to reach an estimated $255.0 million by 2027 from $195.8 million in 2021, at a CAGR of 4.5% from 2021 to 2027. Growth in this market is primarily driven by increase in seismic activities in North America and Japan regions resulting in major structural damages like old and obsolete buildings, bridges, highways, tunnels, parking structure etc.
Browse 99 figures / charts and 80 tables in this 239 -page report to understand trends, opportunities and forecast in composite repair and rehab in the global construction industry market by application (civil infrastructure, existing and historic buildings, parking structures and others), fiber type (carbon fiber composite, glass fiber composites and others), end use (civil, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Civil infrastructure market is expected to remain the largest segment during the forecast period.”
Based on application, the composite repair and rehab in the global construction industry market is segmented into civil infrastructure, existing and historic buildings, parking structures and others. Lucintel forecasts that the civil infrastructure market is expected to remain the largest segment due to high performance of FRP materials than conventional concrete and steel repair material in bridges, highways and tunnels resulting in increase in service life, reduction in maintenance costs, faster construction, and can allow increased vehicular load on equivalent sized structures because of weight reduction.
“Within the composite repair and rehab in the global construction industry market, the carbon fiber composite segment is expected to remain the largest fiber type”
Based on fiber type the carbon fiber composite segment is expected to witness the highest growth over the forecast period due to low cost, high resistance properties and chemical stability.
“North America will dominate the composite repair and rehab in the global construction industry market in near future”
North America is expected to remain the largest region over the forecast period because of growth in infrastructural repair and rehab, especially in California which is the most affected state of natural calamities.
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Major players of composite repair and rehab in the global construction industry market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aegion, Sika, Mapei, Simpson Strong-Tie, and BASF Construction Chemicals Italia Spa (Master Builders Solution) are among the major composite repair and rehab in the global construction industry providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composite-repair-and-rehab-in-the-global-construction-industry.aspx or [email protected]