Construction Composites Market is expected to Grow with a CAGR of 6.27% through 2030
The Construction Composites Market is expected to grow due to the growing demand for sustainable building materials, technological advancements in manufacturing, increased urbanization, and the need for durable, lightweight, and cost-effective construction solutions.
According
to TechSci Research report, “Construction Composites Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Construction Composites Market was valued at USD 24.56 billion in 2024 and is expected to reach USD 35.69 billion by 2030 with a CAGR of 6.27% during the forecast period. The construction industry is witnessing a significant shift towards the adoption of lightweight and durable materials to enhance the efficiency and longevity of structures. Construction composites, such as fiber-reinforced polymers (FRP), are increasingly being preferred over traditional materials like steel and concrete due to their superior strength-to-weight ratio, corrosion resistance, and longer lifespan. The demand for lightweight materials is particularly high in applications such as bridges, residential buildings, and commercial infrastructure, where the reduction of overall structural weight can lead to lower transportation and installation costs. Additionally, composites' inherent resistance to environmental factors such as moisture, chemicals, and temperature fluctuations contributes to the extended service life of structures, reducing the need for frequent maintenance and repairs. Governments and regulatory bodies across the globe are also emphasizing the use of sustainable and energy-efficient materials to minimize environmental impacts, further driving the adoption of construction composites. Furthermore, the rise in prefabrication and modular construction trends, which require lightweight and easy-to-install materials, is fueling market growth. The ongoing technological advancements in composite materials, including the development of hybrid composites and improved manufacturing processes such as pultrusion and resin infusion, are making construction composites more cost-effective and accessible. As the global construction industry continues to expand, particularly in emerging economies, the demand for high-performance materials that offer a combination of strength, durability, and lightweight properties is expected to accelerate the growth of the construction composites market.
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the "Global Construction Composites Market.”
Based on the Fibre
Type, Natural Fibre segment held the largest Market share in 2024. The growth
of the Construction Composites Market in the natural fibre segment is primarily
driven by the increasing demand for sustainable and environmentally friendly
building materials. Natural fibres, such as hemp, flax, jute, and sisal, offer
a renewable alternative to synthetic fibres, which are often derived from
petroleum-based sources. These natural fibres are biodegradable, reduce
reliance on non-renewable resources, and have a lower carbon footprint,
aligning with the growing emphasis on green building practices and eco-friendly
construction. Additionally, natural fibres possess excellent properties,
including high strength-to-weight ratios, thermal insulation, and sound
absorption, making them suitable for a wide range of construction applications.
They can be used in the production of composite panels, insulation materials,
reinforcement in concrete, and even in structural elements such as beams and
columns. Governments and environmental organizations are increasingly
implementing policies and regulations that promote the use of sustainable
materials, providing financial incentives and certifications for green building
initiatives, which further drives the demand for natural fibre composites. The
construction industry's shift toward low-carbon and energy-efficient solutions,
along with consumer preferences for eco-conscious designs, is also a
significant contributor to this market growth. Moreover, advancements in
processing techniques, such as bio-resins and advanced weaving technologies,
have enhanced the performance and durability of natural fibre composites,
making them viable for high-performance applications in both residential and
commercial construction. The use of natural fibres also addresses the global
waste management challenge, as many of these fibres are byproducts of
agriculture or industrial processes, offering a sustainable way to recycle and
repurpose waste. This circular economy approach is appealing to builders,
developers, and consumers looking to minimize environmental impact while
ensuring structural integrity and functionality. With a growing recognition of
the advantages of natural fibre composites, the market is poised for further
expansion, driven by their cost-effectiveness, renewability, and performance
characteristics in various construction segments.
In terms of region, Asia-Pacific is the fastest growing region in the Global Construction Composites Market. Asia-Pacific is emerging as the fastest-growing region in the global construction composites market, driven by rapid urbanization, significant infrastructure projects, and increasing demand for sustainable building materials. Countries like China, India, and Japan are leading the charge, with large-scale investments in infrastructure development, transportation networks, and commercial buildings. The growing focus on eco-friendly construction practices, coupled with government initiatives to promote green building technologies, has spurred the adoption of advanced composite materials, which are known for their durability and lightweight properties. The rising construction activity in emerging economies across Southeast Asia, Australia, and South Korea is further fueling market growth. The region’s expanding middle class, coupled with increasing urban populations, has led to a surge in demand for modern, energy-efficient buildings and infrastructure. As these markets continue to mature, the demand for construction composites is expected to keep accelerating, driven by the need for cost-effective, high-performance materials that can withstand the region's diverse climates and environmental challenges.
Major
companies operating in the Global Construction Composites Market are:
- Hexcel
Corporation
- Toray
Industries Inc.
- Gurit
Services AG
- Owens
Corning
- Nippon
Electric Glass Co. Ltd.
- Toray
Industries, Inc.
- Exel
Composites
- Azuria
Corporation
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“The
Global Construction Composites Market is expected to rise in the upcoming years
and register a significant CAGR during the forecast period. The Construction
Composites Market offers substantial growth opportunities, driven by the
increasing demand for sustainable and high-performance building materials. Key
opportunities exist in the expansion of green building initiatives, as
construction composites provide eco-friendly solutions that minimize
environmental impact. The adoption of advanced composites, particularly
fiber-reinforced polymers (FRPs), in critical infrastructure applications such
as bridges, roads, and facades presents significant untapped potential.
Furthermore, the rapid urbanization and infrastructure development in emerging
markets across Asia-Pacific and Latin America are poised to fuel market growth.
Additionally, the integration of smart technologies into composites, enabling
real-time monitoring and predictive maintenance, creates avenues for innovation
and long-term market expansion. The Market of Construction
Composites is expected to boost in the upcoming years.,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Construction
Composites Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented, By Resin Type (Polyester Resin, Polypropylene,
Polyethylene and Others), By Fibre Type (Natural Fibre, Glass Fibre and
Others), By Application (Commercial, Industrial, Housing and Civil), By Region,
By Competition, 2020-2030F”,
has evaluated the future growth potential of Global Construction Composites
Market and provides statistics & information on the Market size, structure,
and future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Global Construction Composites
Market.
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