Zion Market Research, the market research group announced the analysis report titled ‘Construction Composites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Construction Composites Market: Overview
Construction composites skillfully arrange various materials together to form the single entity with improved and advanced properties than the materials in the composite. These materials are widely used in various applications such as industrial, automotive, wind energy, marine, and aerospace. Construction composites possess some advanced properties such as design flexibility, durability, low weight, corrosion resistance, and impact resistance. Other properties it possesses include reusability, better insulation, thermal resistance, and water containment. Construction composites are capable of maintaining their integrity even in the harsh weather conditions. These materials are used in various forms in the construction fiber composites and resin composites. Industrial commercial and housing & civil constructions are some of the major applications where construction composites are broadly used.
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Global Construction Composites Market: Growth Factors
Rising penetration of construction adhesive in the construction industries may propel the global construction composites market growth in future. Some of the major factors of the global market are low maintenance cost and long life. However, economic boom and rapid urbanization in the developing countries are anticipated to witness growth in the future. In addition, technological advancement and increasing product innovation may positively impact the global construction composites market growth.
Global Construction Composites Market: Segmentation
The global construction composites market is segregated on the basis of application as housing, industrial, civil, and commercial. Based on resin type, the global market is classified as polypropylene, vinyl ester, polyester, and polyethylene. Further, the global construction composites market is divided based on fiber reinforcement type as natural fiber and glass fiber. The global market is categorized based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Construction Composites Market: Regional Analysis
North America is the leading in the global construction composites market owing to growth in the construction and infrastructural activities. Additionally, rising demand for non-corrosive and lightweight materials in the construction industries also fuels the global market in future. However, these materials need less maintenance in housing, industrial, civil, and commercial applications. The US is emerging as the largest consumer for construction composites materials used in numerous applications, hence increase the demand for composites in industrial and civil applications is seen, which is anticipated to foster the global market growth.
Global Construction Composites Market: Competitive Players
The major industries operating in the global construction composites market are Jamco Corporation, Hughes Brothers, Inc., Advanced Environmental Recycling Technologies, Inc., UPM Biocomposites, and Schoeck International. Other players include Bedford Reinforced Plastics, Strongwell Corporation, Exel Composites Oyj, and Diversified Structural Composites.
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Global Construction Composites Market by Regional Segment Analysis: North America (U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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