European construction composites market is anticipated to showcase a considerable growth rate during the forecast period. The growing demand for construction composites from several European countries including the UK, France, Germany, and Spain for various construction applications is a key factor driving the regional market growth. In Europe, Germany is known to be the major manufacturer of construction composites. According to the Budget 2020 introduced in March 2020, by the end of the parliament, public sector net investment will be triple the average over the last 40 years in real terms. In total, around $816.6 billion of gross capital investment will be provided for roads, railways, communications, schools, hospitals, and power networks across the UK by 2024-25. Considerable investment in the construction sector is expected to augment the demand for construction composites.
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The improving economic conditions in Europe along with the shifting of investments from an international to an intercontinental arena and the increasing interest of private equity firms in the construction industry are some other factors that are contributing towards the growth of the regional market. The presence of key market players in the region is again contributing to the growth of the construction composites market in Europe. The major players contributing to the European construction composites market include Arkema S.A., Mitsubishi Chemical Corp., BASF SE, Reichhold LLC, Koninklijke DSM N.V., and others. The key players in the market focus more on new product development and launches, partnerships and collaborations, geographical expansions, and innovative technological upgradations.
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The construction composites market is segmented based on fiber type, resin type, and end-user. Based on fiber type, the market is segmented into carbon fiber, glass fiber, and other types. Carbon fiber is expected to hold considerable market share based on fiber type owing to high strength and low weight. However, the adoption of carbon-free composites in European countries may restrain the growth of this market segment. Based on the resin type, the construction composites market is segmented into thermoplastic resin and thermosetting resin. Based on end-user, the market is segmented into residential, commercial & industrial.
Market Segmentation
European Construction Composites Market by Fiber Type
• Carbon Fiber
• Glass Fiber
• Natural Fiber
European Construction Composites Market by Resin Type
• Polyester
• Vinyl Ester
• Polyethylene
• Polypropylene
European Construction Composites Market by End-User
• Residential
• Commercial
• Industrial
Regional Analysis
European
• UK
• Germany
• Italy
• Spain
• France
• Rest of European
Company Profiles
• Allnex Netherlands B.V.
• AOC, LLC
• Arkema S.A.
• Ashland Global Holdings Inc.
• BASF SE
• CIECH S.A.
• Crystic Resins India Pvt. Ltd.
• DuPont de Nemours, Inc.
• Eternal Materials Co., Ltd.
• Evonik Industries, Inc.
• INEOS AG
• Koninklijke DSM N.V.
• OrgiChemie FZ LLC
• PolyntSpA
• Qualipoly Chemical Corp.
• Reichhold LLC
• The Dow Chemical Co.
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