Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The construction repair composites market dynamics are influenced by various factors that shape the demand, supply, and overall industry landscape.
Infrastructure Aging and Repair Needs: A key driver of the construction repair composites market is the aging infrastructure in many regions. As buildings, bridges, and other structures age, the need for repair and maintenance increases. Construction repair composites offer a durable and efficient solution for addressing structural deficiencies and extending the lifespan of existing infrastructure.
Versatility in Repair Applications: The dynamics of the market are significantly impacted by the versatility of construction repair composites. These materials are used for repairing a wide range of structural elements, including concrete, steel, and masonry. The ability of repair composites to address diverse construction materials contributes to their widespread adoption in the construction and infrastructure repair sector.
Corrosion Resistance and Durability: The market dynamics are shaped by the corrosion-resistant properties of construction repair composites. As infrastructure is often exposed to harsh environmental conditions, the corrosion resistance of repair composites becomes a crucial factor. The use of these composites helps prevent further deterioration, enhancing the overall durability of repaired structures.
Strength and Load-Bearing Capabilities: Construction repair composites are valued for their high strength-to-weight ratio and load-bearing capabilities. These properties make them suitable for reinforcing and repairing structural elements that experience heavy loads. The ability to enhance the load-bearing capacity of structures contributes to the market dynamics, especially in applications such as bridge repair and strengthening.
Cost-Effectiveness Compared to Traditional Methods: The dynamics of the construction repair composites market are influenced by the cost-effectiveness of these materials compared to traditional repair methods. In many cases, using composites can be more economical and time-efficient than traditional approaches, leading to increased adoption in the construction industry.
Growing Focus on Sustainable Solutions: The market dynamics are evolving with a growing focus on sustainable construction practices. Construction repair composites, which often have lower environmental impact compared to traditional repair materials, align with the sustainability goals of the construction industry. The demand for eco-friendly solutions contributes to the market dynamics of repair composites.
Technological Advancements in Composite Materials: Ongoing advancements in composite material technology play a pivotal role in shaping the market dynamics. Innovations in the composition, manufacturing processes, and properties of construction repair composites enhance their performance, making them more effective in addressing a variety of repair challenges.
Regulatory Compliance and Standards: The dynamics of the construction repair composites market are influenced by regulatory compliance and industry standards. Manufacturers and users of repair composites need to ensure that their products meet safety, quality, and environmental standards. Adherence to regulations is critical for gaining market acceptance and trust.
Infrastructure Investment and Government Initiatives: The market dynamics are tied to infrastructure investment and government initiatives aimed at improving and repairing existing structures. Government funding for infrastructure projects, especially in regions where aging infrastructure is a concern, contributes to the demand for construction repair composites.
Education and Awareness Campaigns: The dynamics of the construction repair composites market are impacted by education and awareness campaigns within the construction industry. Knowledge dissemination about the benefits and applications of repair composites encourages their adoption by contractors, engineers, and project managers, influencing market dynamics positively.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Fiber Type, Resin Type, Product Type, Application, and Region |
Construction Repair Composites Market Highlights:
Global Construction Repair Composites Market Overview
Construction Repair Composites Market Size was valued at USD 0.32 Billion in 2022. The Construction Repair Composites industry is projected to grow from USD 0.35 Billion in 2023 to USD 0.75 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.10% during the forecast period (2023 - 2032). Increased use of construction composites in the residential and commercial sectors and rapid growth of the construction sector are the key market drivers accelerating market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Construction Repair Composites Market Trends
-
Rising demand from commercial end-use applications is driving the market growth
Market CAGR for construction repair composites is being driven by the Rising demand from commercial end-use applications. Composite materials for construction repair are used to reinforce or fix concrete buildings and other structures that have suffered damage from things like corrosion, impact, or ageing. Different kinds of fibers, resins, and construction aggregates are combined to create the materials. The finished product's application to the surface of the damaged structure will increase its durability by adding additional strength.
Additionally, In terms of value volume and rate of growth, the commercial application ranks among the fastest-growing application segments in the construction repair composites market. Composite materials for construction repairs have a wide range of uses in the restoration of buildings like offices, schools, hospitals, and colleges. Due to their potential advantages and cost-effectiveness in repairing crucial wind turbine components, construction composites are used in the structural engineering of these non-residential construction projects. The demand for construction repairs is anticipated to increase during the projected period due to the growing population and the requirement for commercial construction repairs in APAC nations like China and India. Comparatively more expensive than traditional alternatives that have been employed for the same range of applications are construction composites.
There is a need to make sure that all concrete structures, including buildings, roads, bridges, flyovers, and highways, are able to support the increasing load due to the widespread urbanization. Older buildings in rural locations are not able to survive tough conditions like ongoing flooding and increasing, extremely hot temperatures. Additional important elements that have a direct bearing on the nation's economic expansion are refurbishment and infrastructure development. Given that renovation work on public concrete structures is increasing annually, this is anticipated to benefit the sector.
For instance, according to data on new residential construction provided by the U.S. Census Bureau and the U.S. Department of dwelling and Urban Development, an estimated 1,337,800 new residential dwelling construction units were finished in 2021, an increase of 4% from 2020. Thus, result in driving the Construction Repair Composites market revenue.
Expands Owens Corning's dominance in branded home goods in 2024 by acquiring a top producer of cutting-edge exterior and interior doors as well as door systems. builds a new growth platform that is scalable and operates in a $27 billion potential market by combining commercial, operational, and innovative skills. Additionally, Owens Corning reports a strategic evaluation of its Glass Reinforcements division under the Composites business unit.
Construction Repair Composites Market Segment Insights
Construction Repair Composites Fiber Type Insights
The Construction Repair Composites market segmentation, based on Fiber Type includes Glass Fiber, Carbon Fiber, and Others. The glass fiber segment dominated the market, because of its exceptional tensile strength, outstanding tensile durability, and extreme lightness. When two or more materials with different properties are mixed to form reinforced composites, a material with the same great qualities as the original composites is produced.
Figure1: Construction Repair Composites Market, by Fiber Type, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Construction Repair Composites Resin Type Insights
The Construction Repair Composites market segmentation, based on Resin Type, includes Vinyl Easter, Epoxy, and Others. Due to their lower shrinkage and superior strength, epoxy category is occasionally more preferable in construction repair applications. Epoxies are mostly utilised with high-performance composites, which have outstanding mechanical qualities and great resistance to chemicals, heat, or corrosion.
Construction Repair Composites Product Type Insights
The Construction Repair Composites market segmentation, based on Product Type includes Textile / Fabric, Plate, Rebar, Mesh, and Adhesive. The construction repair composites market's rebar category is experiencing the fastest growth. Rebar is a lightweight, fiber-reinforced polymer with exceptionally high strength. Rebars are employed in place of steel reinforcements in the construction industry because they are non-conductive thermally and electrically, transparent to magnetic fields as well as radio frequencies, and resistant to chemical assault.
Construction Repair Composites Application Insights
The Construction Repair Composites market segmentation, based on Application, includes Residential, Commercial, Bridge, Silo Flue Pipe, Oil & Natural Gas Pipe line, Water Structure, Industrial Structure, and Others. Due to growing industrialization on a scale and increased industrial activity, the industrial structure category is anticipated to be the most lucrative market for construction composites over the forecast period.
Construction Repair Composites Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Construction Repair Composites this market will be dominated by market area, owing to the growing number of firms who are continually spending in R&D to improve the effectiveness of construction repair composites and expand the range of applications they can be used for could also result in a faster growth rate.
Further, the major countries studied in the market report are The US, France, Canada, German, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure2: CONSTRUCTION REPAIR COMPOSITES MARKET SHARE BY REGION 2022 (USD Billion) 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Construction Repair Composites market accounts for the second-largest market share due to the construction repair composites are mostly used in commercial, bridge, and water structures in the area. Further, the German Construction Repair Composites market held a dominant market share, and the UK Construction Repair Composites market was the fastest growing market in the European region
The Asia-Pacific Construction Repair Composites Market is anticipated to see the fastest CAGR between 2023 and 2032. This is because of improvements in industrial technology solutions and the growing requirement for construction repair on a number of structures. Moreover, China’s Construction Repair Composites market held the largest market share, and the Indian Construction Repair Composites market was the fastest-growing market in the Asia-Pacific area.
Construction Repair Composites Key Market Players& Competitive Insights
Leading market players are putting a lot of money into R&D to expand their product line, which will help the Construction Repair Composites market, grow even more. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. To grow and endure in an increasingly competitive and challenging market environment, Construction Repair Composites industry must provide reasonably priced goods.
One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the Construction Repair Composites industry to develop market sector and provide benefits to customers. In recent years, the Construction Repair Composites industry has provided some of the most important benefits to the infrastructure sector. Major players in the Construction Repair Composites market, including Sika AG, BASF SE, Arkema SA, Owens Corning, Saint-Gobain S.A., S&P Inc., DuPont de Nemours, Inc., Ashland Holdings Inc., Henkel AG & Co. KGaA, W.R. Grace & Co., PPG Industries, Inc., Mapei S.p.A., and others, are attempting to increase market demand by investing in research and development operations.
Swiss multinational Sika AG, with its headquarters in Baar, provides speciality chemicals to the building and automotive industries. The business creates systems and goods for bonding, sealing, dampening, strengthening, and protecting. It currently has more than 33,000 workers, subsidiaries in more than 100 countries, and a CHF 10.5 billion annual sales turnover. Kaspar Winkler lay the company's foundational stone in 1910, establishing Sika as a result. After rising out of poverty to become a prosperous businessman, Winkler began establishing subsidiaries abroad during the 1920s. In 2023, Sika purchased MBCC, a company with operations in 60 countries, 95 production facilities, 6,200 workers, and a 2022 revenue forecast of 2,100 million CHF.
Along with its six integrated manufacturing sites, BASF has 390 more production facilities across Europe, Asia, Australia, the Americas, and Africa. It also maintains joint ventures and subsidiaries in more than 80 countries. Over 190 nations are BASF's customers, and the business provides its products to numerous industries. The corporation, despite its size and reach, combined with a number of other German chemical firms to become the chemicals conglomerate IG Farben. The economic development of Nazi Germany was significantly influenced by IG Farben. In 2019, the sale of BASF's ultra filtration membrane company, Inge GmbH, was negotiated with DuPont Safety & Construction, a DuPont Co. subsidiary business unit. Executives from BASF claim that Inge GmbH and its goods work better with DuPont and their corporate strategy.
Key Companies in the Construction Repair Composites market include
-
Sika AG
-
BASF SE
-
Arkema SA
-
-
Saint-Gobain S.A.
-
S&P Inc.
-
DuPont de Nemours Inc.
-
Ashland Holdings Inc.
-
Henkel AG & Co.
-
-
W.R. Grace & Co.
-
PPG Industries, Inc.
-
Mapei S.p.A.
-
3M Company
-
Fosroc International Limited
-
Dow Inc.
-
RPM International Inc.
-
GCP Applied Technologies Inc.
-
Simpson Strong-Tie Company Inc.
-
Chomarat Group
-
Fiber-Tech Industries Inc.
-
ENECON Corporation
-
Structural Group Inc.
-
Canam Group Inc.
-
Normet Group Oy
-
GFRP Composites Inc.
Construction Repair Composites Industry Developments
May 2022: Arkema announced its new method for creating composite materials that are recyclable and more effective. The business has been attempting to create environmentally friendly and recyclable chemicals because it wants to live in a sustainable world.
August 2022: V2 Composites, an Australian company that provides carbon fiber-reinforced polymer (CFRP) repair solutions, recently introduced a new and improved carbon fibre T-Biscuit that is anticipated to serve as the go-to method for repairing flange-to-flange shear connections seen in pre-cast double tee beams in parking units.
Construction Repair Composites Market Segmentation
Construction Repair Composites Fiber Type Outlook
-
Glass Fiber
-
Carbon Fiber
-
Others
Construction Repair Composites Resin Type Outlook
-
Vinyl Easter
-
Epoxy
-
Others
Construction Repair Composites Product Type Outlook
-
Textile / Fabric
-
Plate
-
Rebar
-
Mesh
-
Adhesive
Construction Repair Composites Application Outlook
-
Residential
-
Commercial
-
Bridge
-
Silo Flue Pipe
-
Oil & Natural Gas Pipe line
-
Water Structure
-
Industrial Structure
-
Others
Construction Repair Composites Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
