Lucintel Forecasts Composite Repair and Rehab in the Global Construction Market to Reach $287 Million by 2030
Lucintel Forecasts Composite Repair and Rehab in the Global Construction Market to Reach $287 Million by 2030
Blog Article
According to the recent study the composite repair and rehab in the global construction market is projected to reach an estimated $287 million by 2030 from $240 million in 2023 at a CAGR of 3% from 2023 to 2030. 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 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).
Lucintel forecasts that civil infrastructure will remain the largest end use segment and it is also expected to witness highest growth rate over the forecast period 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.
Carbon Fiber composite repair and rehab in the global construction market will remain the largest segment and it is expected to witness the highest growth over the forecast period due to low cost, high resistance properties and chemical stability.
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. APAC is expected to witness highest growth over the forecast period.
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 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056