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Construction Repair Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, Others), by Resin Type (Vinyl Easter, Epoxy, Others), by product Type (Textile/Fabric, Plate, Rebar, Mesh, Adhesive, Others), by Application (Residential, Commercial, Bridge, Silo Flue Pipe, Oil & Natural Gas Pipe Line, Water Structure, Industrial Structure, Other), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia), by Latin America (Brazil, Mexico, Argentina), by MEA (South Africa, Saudi Arabia, UAE) Forecast 2025-2033
The size of the Construction Repair Composites Market was valued at USD 349.1 Million in 2023 and is projected to reach USD 658.94 Million by 2032, with an expected CAGR of 9.5% during the forecast period. The Construction Repair Composites Market centers on utilizing innovative composite materials to repair and strengthen damaged infrastructure, such as bridges, buildings, roads, and various construction structures. These materials, including fiber-reinforced polymers (FRP), are created to enhance the strength, durability, and integrity of structures while providing advantages such as low weight, resistance to corrosion, and elevated tensile strength. The market is propelled by the rising necessity for affordable, durable solutions to fix deteriorating infrastructure and the escalating demand for materials that can extend the longevity of construction endeavors. Furthermore, the increase in government efforts to enhance infrastructure and lower maintenance expenses is aiding market expansion. Improvements in composite material technology are enhancing their performance, application convenience, and sustainability, leading to greater accessibility and efficiency in repair tasks. The Construction Repair Composites Market is anticipated to expand as industries seek resilient, high-performance substitutes for conventional repair techniques, especially in areas such as civil engineering, transportation, and utilities.
The market is characterized by a fragmented competitive landscape with a large number of small and medium-sized players. The key players in the market include Sika AG, BASF SE, Mapei SpA, and Fosroc International Limited.
The key trends in the Construction Repair Composites Market include the increasing adoption of innovative technologies, the rising popularity of sustainable construction practices, and the growing demand for lightweight and high-strength materials.
The Asia Pacific region is expected to be the fastest-growing market for construction repair composites over the forecast period. China, India, and Japan are the major markets in the region.
The report provides a comprehensive analysis of the Construction Repair Composites Market, including market size, market share, growth, and market dynamics. The report also provides a detailed analysis of the key segments and regions in the market.
The market size for Construction Repair Composites is valued at 349.1 Million in 2023 and is projected to reach 649.8 Million by 2029, growing at a CAGR of 9.5% during the forecast period.
The Asia Pacific region is the largest market for Construction Repair Composites, accounting for 35% of the global market share in 2023. North America and Europe are the second and third largest markets, respectively.
The key driving forces behind the growth of the Construction Repair Composites Market include the increasing need for infrastructure repair, the rising demand for sustainable construction materials, and the growing awareness of the benefits of construction repair composites.
The key challenges and restraints facing the Construction Repair Composites Market include the high cost of materials, the shortage of skilled labor, and the lack of awareness of the benefits of construction repair composites.
The key emerging trends in the Construction Repair Composites Market include the increasing adoption of innovative technologies, the rising popularity of sustainable construction practices, and the growing demand for lightweight and high-strength materials.
In July 2023, Simpson Strong-Tie Company acquires Fyfe: Simpson Strong-Tie Company Inc., a US manufacturer of structural connectors and building solutions, has acquired Fyfe, a UK manufacturer of construction repair composites. The acquisition is expected to strengthen Simpson Strong-Tie's position in the construction repair composites market.
In June 2023, AB-SCHOMBURG Yapi Kimyasallari A.S. expands its construction repair composites product portfolio: AB-SCHOMBURG Yapi Kimyasallari A.S., a Turkish manufacturer of construction chemicals, has announced the expansion of its construction repair composites product portfolio. The new products are designed to repair and protect a wide range of concrete and masonry structures, including bridges, buildings, and tunnels.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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