Construction Repair Composites Market - By Fiber (Glass Fiber, Carbon Fiber), By Resin Type (Vinyl Easter, Epoxy) By Product Type, Application & Forecast, 2023 – 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationConstruction Repair Composites Market - By Fiber (Glass Fiber, Carbon Fiber), By Resin Type (Vinyl Easter, Epoxy) By Product Type, Application & Forecast, 2023 – 2032
Construction Repair Composites Market Size
Construction Repair Composites Market was valued at around USD 349.1 million in 2022 and is anticipated to grow at a CAGR of over 9.5% between 2023 and 2032. Construction repair composites are advanced materials used to rehabilitate and reinforce deteriorating structures and infrastructure. These composites typically consist of a combination of polymers, resins, aggregates, and fibers, and they are applied to repair, strengthen, and protect concrete and other construction materials.
To get key market trends
Growth in the construction repair composites industry is primarily driven by increasing infrastructure aging, the need for sustainable and cost-effective repair solutions, and the rising awareness of the benefits of these materials, including their ability to extend the service life of structures, reduce maintenance costs, and minimize environmental impact. Furthermore, stringent regulations related to structural safety and environmental standards have further accelerated the adoption of construction repair composites in the construction and infrastructure sectors.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Construction Repair Composites Market Size in 2022 | USD 349.1 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 9.5% |
| 2032 Value Projection | USD 861.4 Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 262 |
| Segments covered | Fiber Type, Resin Type, Product Type, Application and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Competition from traditional repair materials poses a significant challenge for the construction repair composites market. While these composites offer sustainable and cost-effective solutions, established reliance on traditional materials like concrete and steel can hinder their adoption. Overcoming this hurdle requires raising awareness about the long-term benefits and environmental advantages of repair composites and demonstrating their effectiveness in addressing infrastructure repair and rehabilitation needs.
COVID-19 Impact
The COVID-19 outbreak had both ups and downs for the construction repair business. On the one hand, it threw a wrench in the works because of shortages of materials, not enough workers, and delays in construction projects. Many places had to shut down because of the lockdowns. On the other hand, the pandemic made people realize how important it was to have strong and long-lasting repairs, especially as our infrastructure became more important. Also, people wanted repair materials that were good for the environment and not too expensive, which helped the market recover. As countries around the world spent money to get their economies going again, there was a surge in the repair market. This was because governments invested more in infrastructure and gave out stimulus packages. These materials became more popular for fixing and maintaining things.
Construction Repair Composites Market Trends
The world of fixing up broken buildings is changing these days. First off, people are really into making sure these repairs are good for the environment. They're looking for ways to make fixes that don't use up too much energy or harm the planet. Next, companies are coming up with new kinds of repair materials called composites. These are stronger and last longer than the old stuff. They're also making these composites "smart" by putting in sensors that can tell you how healthy the building is. This makes it easier to catch problems before they turn into big ones. Technology is also playing a bigger role. People are using computers to make detailed models of buildings, which helps them plan repairs more accurately. And researchers are working on new ways to use these repair materials and make them even better. All of this means that the way we fix buildings is going to keep changing in the future. We'll see new materials, new tools, and new ways to make sure buildings are safe and sound.
Construction Repair Composites Market Analysis
Learn more about the key segments shaping this market
In the world of fiber-based products, there are three main typesglass fiber, carbon fiber, and a whole bunch of other cool stuff. Glass fiber is the most popular right now, with a big share of the market. It's mostly used for things like insulation and making those awesome surfboards you see. But carbon fiber is a rising star in the repair business, especially for buildings. It's super strong and lightweight, which makes it perfect for fixing up concrete structures. It's like a superhero for buildings, giving them the strength they need to withstand the test of time. And there's a whole bunch of other new and exciting materials that are also getting popular, like basalt fiber. This stuff is really good at handling heat and rust, so it's great for fixing up buildings in hot or humid climates. All these different fibers are making it possible to fix and build things in ways that are better for the environment and last longer. It's like giving your buildings a superpowers, making them stronger, more resilient, and ready to face whatever the future throws their way.
Learn more about the key segments shaping this market
When it comes to repair materials for buildings, different types of resins are used, like vinyl ester, epoxy, and others. Vinyl ester is the most popular, taking up about half the market in 2022. It's a tough choice for fixing buildings because it sticks well, can handle pressure, and doesn't get damaged by chemicals. Epoxy is also a great option for patching up concrete, as it creates strong bonds, seals things up tight, and keeps structures in good shape for years to come. The "other" resins include polyurethane and acrylic, which each have their own advantages. The construction industry is loving these epoxy and other resin systems because they're so strong, easy to use, and help keep buildings standing tall for longer. They save money on repairs and make buildings and roads last a lot longer.
In the world of building materials, we have all sorts of options, like cloth and concrete, metal bars, and sticky stuff. But the star of the show is something called "textile/fabric composites." These are like a super-strong fabric that can be used to fix up old bridges and buildings. Why are they so popular? Well, they're like the jack-of-all-trades of the building world. They can be used for everything from patching up cracks to making structures stronger. And because they're so easy to put on, they're a favorite for projects that need to be done quickly and cheaply. Not only that, but these materials are also good for the environment and won't break the bank. So, it's no wonder that textile/fabric composites are the go-to choice for anyone looking to fix up or strengthen their building.
Imagine a construction market where different types of buildings and structures need ways to fix them when they get broken. This market is like a big pie, and different slices represent different kinds of structures that need fixing. One of the biggest slices is the "commercial" slice. This includes things like office buildings, stores, and even public spaces like bridges. These buildings and structures often have lots of people coming and going, so they need to be fixed quickly and cheaply. Repair composites are like superhero materials that can fix these structures without needing them to close for long periods, making them really valuable for the commercial sector. Another big reason why the commercial slice is so big is because businesses want their buildings to last for a long time. They don't want to keep spending money on repairs, so they use repair composites that can help their buildings stay strong for years to come. So, all in all, the commercial sector's need for fast, affordable, and long-lasting repairs makes repair composites a top choice for them, which is why the commercial slice is the biggest in the construction market.
Looking for region specific data?
The United States is the king of the construction repair game in North America, with a whopping share of the market and a cash flow of $84.58 million in 2022. This isn't just a flash in the pan—it's been building up for a while. One reason for this success is that the U.S. has a ton of roads, bridges, and other infrastructure that needs constant TLC. When things start to crack or crumble, they need to be fixed, and that's where construction repair composites come in. Plus, the U.S. government has strict rules about making sure our infrastructure is safe and sustainable. This has made people more aware of the need for stronger, longer-lasting materials, and construction repair composites fit the bill. Finally, the U.S. is always on the lookout for new and better ways to build and repair things. Our scientists and engineers are constantly working on new materials and technologies, which gives the U.S. a major advantage in the construction repair game and ensures that we'll keep seeing growth in the years to come.
Construction Repair Composites Market Share
Major players operating in the construction repair composites industry include
- Sika AG
- BASF SE
- Mapei SpA
- Fosroc International Limited
- Master Builders Solutions
- Simpson Strong-Tie Company Inc.
- Fyfe
- AB-SCHOMBURG Yapi Kimyasallari A.S.
- DowAksa
- Dextra Group
- Chomarat Group
- Sireg Geotech S.r.l.
- Owens Corning
- Saint-Gobain
- Henkel AG & Co. KGaA
Meet Sika AG and BASF SE, two companies that have been making waves in the construction repair business across Asia and the Pacific. They've got a huge selection of products and are always coming up with new and better ways to fix up buildings and infrastructure. These bigwigs have noticed that people in the region want long-lasting and eco-friendly repairs, so they've been ramping up their research and development to make sure they've got what builders need. Whether it's huge infrastructure projects or fixing up homes and offices, they've got the right stuff. And they've been smart about it too, partnering up with local businesses to make sure they're meeting the unique needs of different places. So, it's no surprise that Sika AG and BASF SE have become the go-to guys for construction repair composites in Asia and the Pacific.
Construction Repair Composites Industry News
- In July 2023, Simpson Strong-Tie Company acquires FyfeSimpson 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 portfolioAB-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.
Construction repair composites market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments
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Market, By Fiber Type
- Glass Fiber
- Carbon Fiber
- Others
Market, By Resin Type
- Vinyl Easter
- Epoxy
- Others
Market, By product Type
- Textile/Fabric
- Plate
- Rebar
- Mesh
- Adhesive
- Others
Market, By Application
- Residential
- Commercial
- Bridge
- Silo Flue Pipe
- Oil & Natural Gas Pipe Line
- Water Structure
- Industrial Structure
- Other
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Construction Repair Composites industry 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Fiber type trends
2.4 Resin type trends
2.5 Product type trends
2.6 Application trends
2.7 Regional trends
Chapter 3 Construction Repair Composites Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Raw material analysis
3.1.2 Manufacturers
3.1.3 Distribution channel analysis
3.1.4 Profit margin analysis
3.1.5 Effect of COVID-19 on industry value chain
3.1.6 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
3.4.1 North America
3.4.2 Europe
3.4.3 APAC
3.4.4 Latin America
3.4.5 MEA
3.5 Pricing analysis
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 Middle East & Africa
3.5.6 Cost structure analysis, 2022
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing demand for infrastructure development
3.6.1.2 Growing awareness of the benefits of construction repair composites
3.6.1.3 Rising demand for sustainable construction materials
3.6.2 Industry pitfalls & challenges
3.6.2.1 Competition from traditional repair materials
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2022
3.9 Porters Analysis
3.9.1 Industry rivalry
3.9.2 Buyer power
3.9.3 Supplier power
3.9.4 Threat of new entrants
3.9.5 Threat of substitutes
3.10 PESTEL analysis
3.11 Impact of COVID-19 on the Construction Repair Composites applications
3.12 Impact of COVID-19 on world economy
3.13 Impact of the Russia-Ukraine war on Construction Repair Composites Market
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Construction Repair Composites Market Size and Forecast, By Fiber Type 2018 - 2032
5.1 Glass Fiber
5.2 Carbon Fiber
5.3 Others
Chapter 6 Construction Repair Composites Market Size and Forecast, By Resin Type 2018 - 2032
6.1 Resin Type
6.2 Vinyl Easter
6.3 Epoxy
6.4 Others
Chapter 7 Construction Repair Composites Market Size and Forecast, By Product Type 2018 - 2032
7.1 Textile/Fabric
7.2 Plate
7.3 Rebar
7.4 Mesh
7.5 Adhesive
7.6 Others
Chapter 8 Construction Repair Composites Market Size and Forecast, By Application 2018 - 2032
8.1 Residential
8.2 Commercial
8.3 Bridge
8.4 Silo Flue Pipe
8.5 Oil & Natural Gas Pipe Line
8.6 Water Structure
8.7 Industrial Structure
8.8 Other
Chapter 9 Construction Repair Composites Market Size and Forecast, By Region 2018 - 2032
9.1 Key trends, by region
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Indonesia
9.4.7 Malaysia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
Chapter 10 Company Profiles
10.1 Sika AG
10.2 BASF SE
10.3 Mapei SpA
10.4 Fosroc International Limited
10.5 Master Builders Solutions
10.6 Simpson Strong-Tie Company Inc.
10.7 Fyfe
10.8 AB-SCHOMBURG Yapi Kimyasallari A.S.
10.9 DowAksa
10.10 Dextra Group
10.11 Chomarat Group
10.12 Sireg Geotech S.r.l.
10.13 Owens Corning
10.14 Saint-Gobain
10.15 Henkel AG & Co. KGaA
- Sika AG
- BASF SE
- Mapei SpA
- Fosroc International Limited
- Master Builders Solutions
- Simpson Strong-Tie Company Inc.
- Fyfe
- AB-SCHOMBURG Yapi Kimyasallari A.S.
- DowAksa
- Dextra Group
- Chomarat Group
- Sireg Geotech S.r.l.
- Owens Corning
- Saint-Gobain
- Henkel AG & Co. KGaA
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