Market Overview:
The global advanced composite materials in construction market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, polymer matrix composites (PMC), metal matrix composites (MMC), ceramic matrix composites (CMC) and other types are included in this study. PMC held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their high strength-to-weight ratio, corrosion resistance and thermal stability properties when compared with other types of advanced composite materials used for construction applications. On the basis of application, residential use, commercial use, industrial use and other uses are included in this study. Commercial use dominated the global advanced composite materials in construction market in 2017 due to increased demand for lightweight structures from various end-use industries such as automotive & transportation, aerospace & defense etc.
Product Definition:
Advanced Composite Materials in Construction are materials that are specifically designed for use in construction projects. They can be used to create structural components, such as beams and columns, or to create finishes and surfaces. Advanced Composite Materials are important because they can help make construction projects more durable and efficient.
Polymer Matrix Composite (PMC):
Polymer matrix composites (PMC) are a class of advanced composite materials that combine the properties of both thermoplastics and elastomers. They have high strength, low density, and excellent fatigue resistance. These materials are widely used in Advanced Composite Materials (ACM) owing to their superior performance as compared to other available ACM products such as carbon fiber reinforced polymer composites (CFRP).
Metal Matrix Composite (MMC):
Metal matrix composites (MMC) are a class of advanced composite materials that contain metal and polymer as main ingredients. Metal matrix composites have gained significant importance in the construction industry owing to their ability to provide high strength, stiffness, durability and thermal resistance at low cost. MMCs are widely used in bridge engineering for its structural components such as girders, beams & columns along with decorative panels.
Application Insights:
The demand for the product in residential applications accounted for a share of over 60.0% in 2017. The rising number of multi-family housing construction projects across the globe is expected to drive the segment growth over the forecast period. For instance, according to Dezeen magazine, there were around 1,500 new residential buildings under construction globally at end of 2018 and this number is expected to increase exponentially by mid-2019 with rise in infrastructural development activities across developing countries including China and India.
Advanced composite materials are increasingly being used as alternatives to traditional building materials such as steel and concrete owing to their superior characteristics such as lightweight & durability which makes them ideal for use in residential structures along with other uses such as commercial & industrial buildings where high load-bearing capacities are required from structural components or where corrosion resistance is an important factor affecting overall performance of a structure¢â‚¬â„¢s lifespan.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing demand for advanced composite materials from various end-use industries, such as construction. The growing infrastructural needs of the region are likely to drive product adoption over the coming years.
The U.S., being a developed economy, has witnessed high penetration of these materials in commercial and residential applications owing to their enhanced performance characteristics as compared to conventional building materials. Furthermore, rising awareness regarding sustainable construction practices is anticipated to fuel industry expansion over the next eight years.
Asia Pacific was estimated as one of the largest markets for advanced composite building materials with a share of 15% in 2016 on account of rapid industrialization and urbanization that have resulted in increased infrastructure spending by governments across major economies including China and India among others). These factors are projected to promote market growth during the forecast period from 2017 To 2030 (see Figure 1).
Growth Factors:
- Increasing demand for lightweight and durable construction materials
- Growing awareness about the benefits of advanced composites over traditional construction materials
- Rising investment in infrastructure development
- Technological advancements in composite manufacturing processes
- Growing demand from end-use industries such as automotive, aerospace, and marine
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Composite Materials in Construction Market Research Report
By Type
Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composites (CMC), Other
By Application
Residential Use, Commercial Use, Industrial Use, Other Use
By Companies
Owens Corning, DuPont, Hexcel, BASF, Teijin, Kolon Industries, TORAY, Huntsman Corporation, 3B-Fibreglass, Reliance Industries, Atkins, Hyosung, RexWall, Norco Composites & GRP, Arvind, CCGC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Composite Materials in Construction Market Report Segments:
The global Advanced Composite Materials in Construction market is segmented on the basis of:
Types
Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composites (CMC), Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use, Industrial Use, Other Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Owens Corning
- DuPont
- Hexcel
- BASF
- Teijin
- Kolon Industries
- TORAY
- Huntsman Corporation
- 3B-Fibreglass
- Reliance Industries
- Atkins
- Hyosung
- RexWall
- Norco Composites & GRP
- Arvind
- CCGC
Highlights of The Advanced Composite Materials in Construction Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer Matrix Composite (PMC)
- Metal Matrix Composite (MMC)
- Ceramic Matrix Composites (CMC)
- Other
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Other Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Composite Materials in Construction Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced composite materials are a type of construction material that is made up of two or more different types of materials. These materials can be combined to create a stronger, more durable product.
Some of the major players in the advanced composite materials in construction market are Owens Corning, DuPont, Hexcel, BASF, Teijin, Kolon Industries, TORAY, Huntsman Corporation, 3B-Fibreglass, Reliance Industries, Atkins, Hyosung, RexWall, Norco Composites & GRP, Arvind, CCGC.
The advanced composite materials in construction market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Composite Materials in Construction Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Advanced Composite Materials in Construction Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Advanced Composite Materials in Construction Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Advanced Composite Materials in Construction Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Advanced Composite Materials in Construction Market Size & Forecast, 2018-2028
4.5.1 Advanced Composite Materials in Construction Market Size and Y-o-Y Growth
4.5.2 Advanced Composite Materials in Construction Market Absolute $ Opportunity
Chapter 5 Global Advanced Composite Materials in Construction Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Advanced Composite Materials in Construction Market Size Forecast by Type
5.2.1 Polymer Matrix Composite (PMC)
5.2.2 Metal Matrix Composite (MMC)
5.2.3 Ceramic Matrix Composites (CMC)
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Advanced Composite Materials in Construction Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Advanced Composite Materials in Construction Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial Use
6.2.3 Industrial Use
6.2.4 Other Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Composite Materials in Construction Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Composite Materials in Construction Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Advanced Composite Materials in Construction Analysis and Forecast
9.1 Introduction
9.2 North America Advanced Composite Materials in Construction Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Advanced Composite Materials in Construction Market Size Forecast by Type
9.6.1 Polymer Matrix Composite (PMC)
9.6.2 Metal Matrix Composite (MMC)
9.6.3 Ceramic Matrix Composites (CMC)
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Advanced Composite Materials in Construction Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
9.10.3 Industrial Use
9.10.4 Other Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Advanced Composite Materials in Construction Analysis and Forecast
10.1 Introduction
10.2 Europe Advanced Composite Materials in Construction Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Advanced Composite Materials in Construction Market Size Forecast by Type
10.6.1 Polymer Matrix Composite (PMC)
10.6.2 Metal Matrix Composite (MMC)
10.6.3 Ceramic Matrix Composites (CMC)
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Advanced Composite Materials in Construction Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
10.10.3 Industrial Use
10.10.4 Other Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Advanced Composite Materials in Construction Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Advanced Composite Materials in Construction Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Advanced Composite Materials in Construction Market Size Forecast by Type
11.6.1 Polymer Matrix Composite (PMC)
11.6.2 Metal Matrix Composite (MMC)
11.6.3 Ceramic Matrix Composites (CMC)
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Advanced Composite Materials in Construction Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
11.10.3 Industrial Use
11.10.4 Other Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Advanced Composite Materials in Construction Analysis and Forecast
12.1 Introduction
12.2 Latin America Advanced Composite Materials in Construction Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Advanced Composite Materials in Construction Market Size Forecast by Type
12.6.1 Polymer Matrix Composite (PMC)
12.6.2 Metal Matrix Composite (MMC)
12.6.3 Ceramic Matrix Composites (CMC)
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Advanced Composite Materials in Construction Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
12.10.3 Industrial Use
12.10.4 Other Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Advanced Composite Materials in Construction Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Advanced Composite Materials in Construction Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Advanced Composite Materials in Construction Market Size Forecast by Type
13.6.1 Polymer Matrix Composite (PMC)
13.6.2 Metal Matrix Composite (MMC)
13.6.3 Ceramic Matrix Composites (CMC)
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Advanced Composite Materials in Construction Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
13.10.3 Industrial Use
13.10.4 Other Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Composite Materials in Construction Market: Competitive Dashboard
14.2 Global Advanced Composite Materials in Construction Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Owens Corning
14.3.2 DuPont
14.3.3 Hexcel
14.3.4 BASF
14.3.5 Teijin
14.3.6 Kolon Industries
14.3.7 TORAY
14.3.8 Huntsman Corporation
14.3.9 3B-Fibreglass
14.3.10 Reliance Industries
14.3.11 Atkins
14.3.12 Hyosung
14.3.13 RexWall
14.3.14 Norco Composites & GRP
14.3.15 Arvind
14.3.16 CCGC
