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Construction Repair Composites Market Size

  • Report ID: GMI7265
  • Published Date: Nov 2023
  • Report Format: PDF

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.

 

Construction Repair Composites Market

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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.

 

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for construction repair composites was valued at around USD 349.1 Million in 2022 and is estimated to reach USD 861.4 Million by the end of 2032.

The commercial segment will generate significant revenues for the market attributed to the extensive use of repair composites in commercial construction projects, including office buildings, retail spaces, and public infrastructure such as bridges.

U.S. market was worth USD 84.58 Million in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, attributed to the country's vast infrastructure network that demands constant maintenance and repair.

Sika AG, BASF SE, Mapei SpA, Fosroc International Limited, Master Builders Solutions, Simpson Strong-Tie Company Inc., and Fyfe among others.

Construction Repair Composites Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 262
  • Countries covered: 21
  • Pages: 180
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