Reports > Manufacturing And Construction > Construction Composites Market Report
Construction Composites Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Construction Composites market, covering key industry insights from 2023 to 2033. It delves into market size, growth projections, regional dynamics, and trends impacting this evolving sector.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $6.80 Billion |
| CAGR (2023-2033) | 6.2% |
| 2033 Market Size | $12.60 Billion |
| Top Companies | Hexcel Corporation, BASF SE, Gurit Holding AG, Toray Industries, Inc. |
| Last Modified Date | 15 Nov 2024 |
Construction Composites Market Report (2023 - 2033)
Construction Composites Market Overview
What is the Market Size & CAGR of Construction Composites market in 2023?
Construction Composites Industry Analysis
Construction Composites Market Segmentation and Scope
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Construction Composites Market Analysis Report by Region
Europe Construction Composites Market Report:
In Europe, the market size is around $1.85 billion in 2023, with projections of reaching $3.42 billion by 2033. The region's demand for advanced composites is driven by stringent environmental regulations and growing investments in green building practices.Asia Pacific Construction Composites Market Report:
In 2023, the Construction Composites market in the Asia Pacific region is valued at approximately $1.31 billion and is expected to grow to $2.43 billion by 2033. This growth is driven by increased urbanization, government investments in infrastructure, and rising adoption of innovative construction technologies.North America Construction Composites Market Report:
North America holds a market value of $2.61 billion in 2023, expected to rise to $4.84 billion by 2033. The region is characterized by strong regulatory frameworks promoting sustainability, technological innovation in composite materials, and diversified applications across various construction sectors.South America Construction Composites Market Report:
The market in South America reached an estimated $0.16 billion in 2023 and is projected to grow to about $0.30 billion by 2033. Key growth factors include the expansion of construction activities and sustainability practices aimed at enhancing energy efficiency.Middle East & Africa Construction Composites Market Report:
The Middle East and Africa construction composites market is estimated at $0.87 billion in 2023, aiming for $1.61 billion by 2033. Factors influencing growth include rising construction activities amid urban expansion and an increasing focus on energy-efficient materials.Request a custom research report for industry.
Construction Composites Market Analysis By Material
Global Construction Composites Market, By Material Market Analysis (2023 - 2033)
By 2023, the construction composites market, segmented by material, shows significant performance across various materials. Fiber Reinforced Polymer (FRP) holds the largest share, valued at approximately $4.33 billion and projected to reach $8.03 billion by 2033, accounting for about 63.71% of the market. Steel composites and bio-composites follow, contributing to diverse applications across infrastructure and building sectors.
Construction Composites Market Analysis By Application
Global Construction Composites Market, By Application Market Analysis (2023 - 2033)
The market is primarily driven by applications in infrastructure, contributing approximately $3.67 billion in 2023 and expected to grow to $6.81 billion by 2033. Other significant applications include building constructions, which represent a considerable share at 23.69%, and transportation with a consistent market size aiming for $1.30 billion by 2033.
Construction Composites Market Analysis By Functionality
Global Construction Composites Market, By Functionality Market Analysis (2023 - 2033)
Load-bearing components dominate the construction composites sector, with a market size of $4.33 billion in 2023, reaching $8.03 billion by 2033. These components are crucial for infrastructure durability. Non-structural materials also play a vital role, holding about 25.82% of the market share, with a focus on versatility and aesthetic contributions to construction projects.
Construction Composites Market Analysis By End User
Global Construction Composites Market, By End-User Industry Market Analysis (2023 - 2033)
The construction sector is the major end-user of composites, with a market contribution of 54.02% and a size of $3.67 billion in 2023, expected to grow significantly by 2033. Industrial applications, aerospace, and automotive sectors are also notable contributors, reflecting the varied utility of construction composites across multiple industries.
Construction Composites Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Construction Composites Industry
Hexcel Corporation:
A leading manufacturer specializing in carbon fiber reinforced composites, Hexcel is pivotal in supplying innovative materials for the construction sector.BASF SE:
As a global supplier of chemical materials, BASF contributes significantly to the development of composite materials that enhance construction efficiency.Gurit Holding AG:
Gurit specializes in composite materials for various applications, including construction, enhancing structural performance and sustainability.Toray Industries, Inc.:
A major player in advanced composite materials, Toray provides solutions aimed at lightweight and high-strength applications in the construction industry.We're grateful to work with incredible clients.
