According to a new market report published by Lucintel, the future in the global composites repair and rehab market for the construction industry is promising with opportunities in the civil infrastructure, existing and historic buildings, parking structures and others. The global composites repair and rehab market for the construction industry is expected to reach an estimated $190 million by 2024 with a CAGR of 4.7% from 2019 to 2024. The major driver for this market is with the 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 96 market data tables and 116 figures spread through 215 pages and in-depth TOC on “Global Composites Repair and Rehab Market”
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In this market, different types of composites repair and rehab such as carbon fiber composite, glass fiber composites and others are used as fiber type. On the basis of comprehensive research, Lucintel forecasts that the carbon fiber composites is expected to remain the largest fiber type by value and volume due to low cost, high resistance properties and chemical stability.
Within this market, civil infrastructure is expected to remain the largest application by value and volume 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.
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North America is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period due to growth in infrastructural repair and rehab, especially in California which is the most affected state of natural calamities. According to Seismic Advisory Board of California, there are approximately 24000 bridges which are under the risk of collapse in the coming couple of years.
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Emerging trend, which have a direct impact on the dynamics in the composites repair and rehab market for the construction industry, include increasing bio & recycled content in repair and rehab of civil infrastructures. Aegion, Sika, Mapei, Simpson, Structural Technologies, Quakewrap and others are among the major composites repair and rehab manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global composites repair and rehab market by application, fiber type, end use, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composites Repair and Rehab Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global composites repair and rehab market by application, fiber type, end use and region as follows:
By Application (Volume (Million lbs) and $M shipment analysis for 2013 – 2024):
- Civil infrastructure
- Existing and Historic Building
- Parking Structure
By Fiber Type (Volume (Million lbs) and $M shipment analysis for 2013 – 2024):
- Carbon Fiber Composite
- Glass Fiber Composites and Others
By End use (Volume (Million lbs) and $M shipment analysis for 2013 – 2024):
By Region (Volume (Million lbs) and $M shipment analysis for 2013 – 2024):
- North America
- Asia Pacific
- The Rest of the World
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This 215-page 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/composites-repair-and-rehab-market.aspx or [email protected].
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global composites repair and rehab market for the construction industry 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, residential), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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