Construction 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.

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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.

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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 pandemic had a mixed impact on the construction repair composites market. On one hand, it temporarily disrupted the industry due to supply chain interruptions, labor shortages, and construction project delays as lockdowns were enforced in many regions. On the other hand, the pandemic accelerated the awareness of the need for robust and long-lasting repair solutions, as infrastructure resilience gained importance. Additionally, the growing interest in sustainable and cost-effective repair materials contributed to the market's recovery. As governments worldwide introduced stimulus packages and infrastructure investment plans to revitalize economies, the market witnessed a rebound, with increased adoption of these materials in various repair and maintenance projects.

Construction Repair Composites Market Trends

Several prominent trends are shaping the construction repair composites industry. Firstly, sustainability remains a central theme, with a growing focus on environmentally friendly and energy-efficient repair solutions. Secondly, the market is witnessing an upsurge in the development of advanced composites with improved durability and strength. Thirdly, the adoption of "smart" repair composites with embedded sensors for structural health monitoring is on the rise, enhancing maintenance efficiency. Moreover, the digitalization of the construction industry is leading to the use of advanced modeling and simulation tools, aiding in precise repair composite application. Lastly, increased investment in research and development is expected to yield innovative materials and application techniques, further propelling the market's growth in the coming years.

Construction Repair Composites Market Analysis

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Based on fiber type, the market is segmented as glass fiber, carbon fiber and others. Glass Fiber held a majority market value of USD 195 million in 2022. Carbon fiber composites, renowned for their exceptional strength-to-weight ratio, are gaining prominence in the construction repair composites industry as they offer superior reinforcement for structural elements. Their high tensile strength and lightweight nature make them a favored choice for repairing and strengthening concrete structures. Furthermore, the "Others" segment, which encompasses various innovative materials, is also on the rise. This includes materials like basalt fiber composites, which offer excellent resistance to high temperatures and corrosion. The growth of both carbon fiber and other advanced materials in the market can be attributed to the increasing demand for long-lasting, sustainable, and cost-effective repair solutions in infrastructure projects, where these materials provide enhanced durability and structural integrity, ensuring the longevity and resilience of repaired structures.

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Based on resin type, the market is segmented as a vinyl easter, epoxy, and others. Vinyl Easter held a dominant market share of around 46% in 2022. Epoxy-based repair composites play a pivotal role in the construction repair composites market due to their exceptional adhesive properties, high compressive strength, and resistance to chemical corrosion. Epoxy materials are widely used for bonding, sealing, and reinforcing damaged or deteriorated concrete structures, offering long-lasting and reliable repairs. The "Others" segment within this market encompasses a range of alternative resin systems, including polyurethane and acrylic, each with its own unique attributes. The growth of both epoxy and other resin systems in the industry is fueled by increasing need for versatile, durable, and easy-to-apply repair materials. These materials are chosen for their ability to enhance the structural integrity of buildings and infrastructure, reduce maintenance costs, and contribute to the overall longevity and sustainability of repaired structures in the construction industry.

Based on product type, the market is segmented as a textile/fabric, plate, rebar, mesh, adhesive, and others. In the industry, the segmentation by product type reveals that textile/fabric composites stand out as the dominant segment. This can be attributed to the versatility and strength of textile/fabric materials in providing structural reinforcement and protection for deteriorating infrastructure. Textile/fabric composites are favored for their ease of application, making them an attractive choice for a wide range of repair and strengthening projects. These materials are particularly efficient in retrofitting and enhancing the load-bearing capacity of structures. As sustainability and efficiency remain paramount in the construction industry, textile/fabric composites align with these priorities by offering durable, environmentally friendly, and cost-effective solutions, cementing their position as the leading product type in the market.

Based on application, the market is segmented as a residential, commercial, bridge, silo flue pipe, oil & natural gas pipeline, water structure and industrial structure. The commercial segment emerges as the dominant category within the application-based segmentation. This prominence can be attributed to the extensive use of repair composites in commercial construction projects, including office buildings, retail spaces, and public infrastructure such as bridges. Commercial structures often require reliable, cost-effective, and sustainable repair solutions to ensure the longevity and safety of their facilities, making construction repair composites a vital choice. Additionally, the commercial sector's focus on minimizing downtime during repairs and maximizing the service life of structures further underscores the significance of repair composites, positioning the commercial segment at the forefront of market demand for these versatile and efficient repair materials.

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U.S. dominated the North American region with majority market share and a revenue of USD 84.58 million in 2022. This growth can be attributed to several factors, including the country's vast infrastructure network that demands constant maintenance and repair, thereby driving the adoption of construction repair composites. Moreover, stringent regulatory standards and the heightened awareness of the need for sustainable and resilient infrastructure have led to increased use of these composites. The U.S.'s commitment to technological advancements and a strong focus on research and development further bolster its position as a key contributor to the market, ensuring sustained growth in the coming years.

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

Sika AG and BASF SE have emerged as prominent players in the Asia-Pacific Construction Repair Composites business due to their extensive product portfolios and strategic initiatives. These industry giants have capitalized on the increasing demand for durable and sustainable repair solutions in the region. Their comprehensive range of construction repair composites, along with a strong emphasis on research and development, has allowed them to cater to diverse application needs, from infrastructure projects to commercial and residential construction. Furthermore, Sika AG and BASF SE have fostered key partnerships and collaborations with local firms, enhancing their market presence and enabling them to address the specific requirements of the Asia-Pacific market effectively. This, in turn, has solidified their positions as leading players in the construction repair composites industry in the region.

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