Selbyville, DE -- (SBWIRE) -- 10/19/2018 -- Market Study Report recently introduced new title on "2017-2025 Global Construction Composites Market Report" that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2025.

The unprecedented growth of the global construction industry is quite overtly the most agile driving force of construction composites market. As the demand for housing surges worldwide, the requirement of durable and strong composites is expected to incline, gradually propelling the industry trends. As per estimates, global construction expenditure is anticipated to hit $14 trillion by 2025, mainly led by the economies of China, United States, and India. The Asia Pacific belt most overtly, will emerge as a highly lucrative growth ground for industry, given the rising disposable incomes, excessive demand for durable housing, and the subsequent construction of high rise buildings. A leading study establishes that APAC market will receive a major push on account of the rising number of residential, commercial, and industrial projects. India, Vietnam, Indonesia, Philippines, and China will supposedly emerge as principal revenue pockets for APAC by 2020.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/1130976

Construction Composites Market is forecast to exceed USD 65 billion; according to a new research report. Extensive construction activities due to the increasing per capita income and the improving living standards are boosting the construction expenditure in the developing nations, which has been subsequently driving the industry in the recent years. For instance, in China the expansion project of Beijing airport that is expected to be completed by 2025 will surely surpass Dubai's Al Maktoum Airport in total square miles, cost, and plane & passenger capacity. Similarly, in India Versova-Bandra sea link project has been approved. The bridge will be located about 900-1,800m from the coast of Mumbai, the stretch is approximately 17.7km, linking Versova and Bandra. Several other ongoing and future construction projects would increase the product demand directly propelling the construction composite market by 2025.

Stringent government regulations restricting the composite applications and high price of the product may prove to be a barrier in the advancement of the reinforced material market. Also, deficit of product knowledge may turn out to be an obstacle for the construction composite market. Nevertheless, growing construction operations and the lightweight and high tensile strength properties would strongly enhance the reinforced material market in the near future.

Subsequent increase in the construction of high rise buildings and infrastructures equipped with modern technological advancements is positively driving the use of fiberglass in the construction activities. Fiberglass are advanced composites which are being applied in all major infrastructure operations owing to its heavy durability and lightweight property. It increases the longevity and the reliability of the building or structure. Several, organizations are restoring historic buildings and monuments with fiberglass to increase the buildings life. For instance, St. Peter?s Church, a 155 year old building in the U.S. has been restored and renewed using fiberglass. These advanced properties of the product will augment the construction composites industry in the forecast timeframe.

Reinforced material Market for residential construction applications is expected to rise with a CAGR over 5% in the forecast period. Residential buildings involve houses, apartments, housing societies etc. For example, Gammon Construction, a joint venture between Balfour Beatty and Jardine Matheson, has secured a contract worth around USD 430 million to build a large scale residential development in Hong Kong. Likewise, numerous other residential construction activities are on the play that is driving the construction composite market in the near future.

Latin America reinforced material Market is expected to expand with a CAGR close to 5% in the forecast timeframe. The region accounts for approximately over 17,000 upcoming constructions projects to be constructed. For example, Enel Green Power Peru has broken ground on its first wind farm in Peru. Enel will spend nearly USD 165 million in the construction of the new wind farm with a capacity close to 132MW i.e. the power generated by the wind farm would be adequate to meet the energy requirements of more than 480,000 homes. Likewise, Chile is going to be a home of new 98MW power plant i.e. is expected to generate 70% of the country's electric power from renewable sources. Also, various other ongoing construction activities in South American countries is going to up surge the industry by 2025.

Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/1130976

The global industry share is distributed among few market players. These players include UPM Biocomposites, Bedford Reinforced Plastics, Exel Composites, Diversified Structural Composites, Strongwell Corporation, Advanced Environmental Recycling Technologies, Fiberon LLC, Trex Company, Schoeck International, Hughes Brothers Inc. Fibrolux GmbH and Jamco Corporation.

Construction composites research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/construction-composites-market/

Related Reports: -

Global Construction Composites Market by Manufacturers, Regions, Type and Application, Forecast to 2023
This report focuses on the Construction Composites in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

https://www.marketstudyreport.com/reports/global-construction-composites-market-by-manufacturers-regions-type-and-application-forecast-to-2023

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:www.marketstudyreport.com
Blog: www.marketstudyreport.com/blog/