DUBLIN, July 29, 2021 /PRNewswire/ — The “Global Construction Repair Composites Market by Fiber Type (Glass, Carbon), Resin Type, Product Type (Fabric, Plate, Rebar, Mesh, Adhesive), Application (Bridge, Water Structure, Industrial Structure, Commercial), and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global construction repair composites market is projected to grow from USD 331 million in 2021 to USD 533 million by 2026, at a CAGR of 10% between 2021 and 2026.

Construction repair composites are demanded in various applications including residential, commercial, silo flue pipe, oil & natural gas pipeline, water structure, industrial structure, and others; due to its advantages properties such as high durability, temperature resistance, lightweight, and highly stiff. However, global pandemic disease COVID-19 has disrupted the operations of construction and construction repair industries which has decreased the demand for construction repair composites in 2020.

Carbon Fiber Type is the fastest-growing Fiber Type of construction repair composites, in terms of value

The carbon fiber composites find wide uses in various end-use applications. Some of the major applications includes bridge, commercial, residential, water structure, industrial structure, silo flue pipe, oil & natural gas pipeline, and others. The increasing demand from these applications is expected to drive the carbon fiber construction repair composites market during the forecasted period.

Epoxy resin construction repair composites are the fastest-growing resin type of construction repair composites, in terms of value

The construction repair composites products are mainly used in various applications such as bridge, water structure, silo flue pipes, and many more. Epoxy resin composites are sometimes more preferred in construction repair applications because of their low shrinkage and higher strength. Epoxies are mainly used with high-performance composites, which have superior mechanical properties and high resistance to chemicals, heat, or corrosion. Epoxies are paired up more with carbon fiber construction composites. The increasing demand for construction repair composites from silo flue pipe, commercial, residential, and industrial structure is expected to drive the market during the forecast period.

Rebar is the fastest-growing Product Type of construction repair composites, in terms of value

The rebar is fastest growing product type in construction repair composites market. Rebar is light fiber reinforced polymer, which possesses extensively high strength. The rebars are transparent to magnetic field as well as to radio frequencies, thermally, and electrically non-conductive, and impervious to chemical attack, and hence are used as an alternative to the steel reinforcements in the construction industry. Rebars are typically used in the repairing of bridges, highways, commercials, industrial structures and other application.

Commercial is the fastest-growing application of construction repair composites, in terms of value

In the commercial application, construction repair composites are used in commercial construction repairs, including offices, schools, universities, and hospitals. The structural engineering from these non-residential construction projects uses construction composites due to its potential benefits along with the cost-effectiveness used to repair critical components of wind turbines. Growing population, and need of commercial construction repairs in APAC countries such as China and India are expected to boost the demand for construction repairs during the forecast period. This is expected to drive the construction repair composites market in this application. The recovery in construction repair industry post Covid-19 era is expected to drive the construction repair composites market.

APAC is the fastest-growing construction repair composites market

APAC is projected to register the highest CAGR in terms of value in the global construction repair composites market during the forecast period. The growth of the construction repair composites industry in this region is supported by the recovery in end-use applications, the advancement of industrial technology solutions, and increasing need of construction repair processes for various structures.

Due to COVID-19, construction industry and numerous companies have halted their production sites across various countries that has led to reduced demand for construction composites, which affected the construction repair composites demand in APAC countries. The recovery in the end-use applications with restoration in the supply chain would drive the construction repair composites demand during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Construction Repair Composites Market
4.2 Construction Repair Composites Market, by Fiber Type and by Region (Volume)
4.3 Construction Repair Composites Market, by Resin Type (Volume)
4.4 Construction Repair Composites Market, by Product Type
4.5 Construction Repair Composites Market, by Application (Volume)
4.6 Construction Repair Composites Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Construction Composites due to Its Advantages Over Traditional Substitutes
5.2.1.2 High Growth of Construction Sector
5.2.1.3 Increasing Usage of Construction Composites in Residential and Commercial Sector
5.2.2 Restraints
5.2.2.1 Lack of Experienced Professionals Related to Construction Composite Products in Emerging Markets
5.2.2.2 Higher Costs Compared to Traditional Substitutes
5.2.2.3 Lower Demand due to Global Health Crisis
5.2.3 Opportunities
5.2.3.1 Development of Low-Cost Carbon, Glass, and Basalt Fibers Can Reduce Cost of Construction Composites
5.2.3.2 Growing Demand from Emerging Markets
5.2.4 Challenges
5.2.4.1 Availability of Low-Cost Substitutes and Lower Adoption and Acceptance of Construction Composites
5.2.4.2 Maintaining an Uninterrupted Supply Chain due to COVID-19
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry
5.4 Technology Analysis
5.5 Ecosystem: Construction Repair Composites Market
5.6 Value Chain Analysis
5.7 Raw Material Selection
5.8 Impact of COVID-19
5.8.1 Impact of COVID-19 on Construction Industry
5.9 Supply Chain Analysis
5.10 Construction Repair Composites Market: Optimistic, Pessimistic, and Realistic Scenario
5.11 Pricing Analysis
5.12 Key Market for Import/Export
5.13 Case Study Analysis
5.14 Patent Analysis
5.15 Average Selling Price
5.16 Tariff and Regulations
5.17 Construction Repair Composites Market: YC and YCC Shift

6 Construction Repair Composites Market, by Fiber Type
6.1 Introduction
6.1.1 Construction Repair Composites Market Size, by Fiber Type
6.2 Glass Fiber Construction Composites
6.2.1 Glass Fiber Construction Repair Composites Market Size, by Region
6.3 Carbon Fiber Construction Composites
6.3.1 Carbon Fiber Construction Repair Composites Market Size, by Region
6.4 Other Fiber-based Construction Composites
6.4.1 Other Fibers Based Construction Repair Composites Market Size, by Region

7 Construction Repair Composites Market, by Resin Type
7.1 Introduction
7.1.1 Construction Repair Composites Market Size, by Resin Type
7.2 Vinyl Ester
7.2.1 Vinyl Ester Resin-based Construction Repair Composites Market Size, by Region
7.3 Epoxy
7.3.1 Epoxy Resin-based Construction Repair Composites Market Size, by Region
7.4 Others
7.4.1 Other Resins-based Construction Repair Composites Market Size, by Region

8 Construction Repair Composites Market, by Product Type
8.1 Introduction
8.2 Textile/Fabric
8.3 Plate
8.4 Rebar
8.5 Mesh
8.6 Adhesive

9 Construction Repair Composites Market, by Application
9.1 Introduction
9.1.1 Construction Repair Composites Market Size, by Application
9.2 Residential
9.2.1 Wide Range of Properties Make Construction Composite Products Ideal in Repair of Residential Projects
9.2.2 Construction Repair Composites Market Size in Residential Application, by Region
9.3 Commercial
9.3.1 Construction Composites are Used in Schools, Universities, and Hospitals for Their High Tensile Strength
9.3.2 Construction Repair Composites Market Size in Commercial Application, by Region
9.4 Bridge
9.4.1 Composite Rebars, Mesh, and Fabric Increase the Strength of Bridges
9.4.2 Construction Repair Composites Market Size in Bridge Application, by Region
9.5 Silo-Flue Pipe
9.5.1 Construction Composites Used in Silo-Flue Pipes to Prevent Corrosion and for Repair Activities
9.5.2 Construction Repair Composites Market Size in Silo-Flue Pipe Application, by Region
9.6 Oil and Natural Gas Pipeline
9.6.1 Demand for Construction Composites for Repair of Oil and Natural Gas Pipelines to Boost the Market
9.6.2 Construction Repair Composites Market Size in Oil and Natural Gas Pipeline Application, by Region
9.7 Water Structure
9.7.1 Construction Composite Wraps Strengthen, Repair, and Restore Water Storage Structures
9.7.2 Construction Repair Composites Market Size in Water Structure Application, by Region
9.8 Industrial Structure
9.8.1 Construction Composite Products Offer High Elastic Modulus, Fatigue Strength in Industrial Structures
9.8.2 Construction Repair Composites Market Size in Industrial Structure Application, by Region
9.9 Others
9.9.1 Construction Repair Composites Market Size in Other Applications, by Region

10 Construction Repair Composites Market, by Region

11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis
11.3 Market Ranking
11.4 Market Evaluation Framework
11.5 Revenue Analysis of Top Market Players
11.6 Company Evaluation Matrix
11.6.1 Star
11.6.2 Pervasive
11.6.3 Participants
11.6.4 Emerging Leaders
11.7 Small and Medium-Sized Enterprises (SME) Evaluation Matrix
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks

12 Company Profiles
12.1 Key Companies
12.1.1 Sika
12.1.2 Mapei S.p.A.
12.1.3 Fosroc
12.1.4 Master Builders Solutions
12.1.5 Fyfe
12.1.6 AB-Schomburg Yapi Kimyasallari 
12.1.7 Dowaksa
12.1.8 Dextra Group
12.1.9 Rhino Carbon Fiber Reinforcement Products
12.1.10 Chomarat Group
12.1.11 Sireg Geotech S.R.L.
12.1.12 Owens Corning
12.1.13 Antop Global Technology Co. Ltd.
12.1.14 Steklonit JSC
12.1.15 Strongwell
12.1.16 Technobasalt-Invest, LLC
12.1.17 Simpson Strong-Tie Company Inc.
12.2 Other Companies
12.2.1 Composite Group Chelyabinsk
12.2.2 Schock Bauteile GmbH
12.2.3 Pultron Composites
12.2.4 Zhongao Carbon
12.2.5 Pultrall Inc.
12.2.6 Armatsek
12.2.7 Firep Group
12.2.8 Galen LLC

13 Appendix

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