Construction composites market size for commercial applications is projected to rise at a CAGR of more than 4.5% by 2025. Commercial construction includes bridges, tunnels, airports, roads, hospitals, etc.
Sellbyville, DE -- (SBWIRE) -- 11/07/2018 -- GMI presents a most up-to-date research on "Construction Composites Market – Global Industry Analysis, Size, Share, Products (Fiberglass, Composite Wood, Metal Composites), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE) and Forecast 2017 – 2025".
Construction Composites Market size is forecast to exceed USD 65 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing construction activities in the emerging countries due to massive government investments to improve public infrastructure will boost the construction composites market size by 2025. For instance, in India USD 2.4 billion project is currently in progress to build the Navi Mumbai International Airport that started in March 2015 and is expected to be completed till 2019. Similarly, UAE has been making considerable investment in constructing ports which was valued approximately USD 24 billion for the Khalifa Port.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2585
Metal composites accounted for more than 25% of the overall market size in 2017. The high tensile strength and the anti-corrosive properties of the product will augment the construction composite market for this segment in the near future. The increasing need of high performance composites to make the exterior building parts anti corrosive and durable will complement industry growth by 2024. Metal composites acts as an excellent substitute for traditional metal decking and flooring in the buildings which will surely amplify the construction composites market size by 2025.
Residential applications are also known to form an integral part of the application landscape of construction composites industry. In fact, this segment is predicted to depict an appreciable growth rate on account of the rising number of residential projects being undertaken by governments of developing countries. The significant uses of composites in house construction including insulation, construction of entire frames that are termite resistant and reinforced fiberglass roofs that do not require maintenance for decades with room for aesthetic flexibility are expected to push construction composites market trends in the residential sector.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2585
In recent times, doors and windows are also being made of composites but crafted to give the impression of traditional wood. Given that composite materials are convenient in constructing waterproof surfaces that are easy to clean, their deployment in residential buildings is only forecast to increase in the forthcoming years.
Construction composites market share is highly competitive with prominent players accounting for a major chunk of the total business size in 2017. The major players include Exel Composites, Bedford Reinforced Plastics, UPM Biocomposites, Advanced Environmental Recycling Technologies, Diversified Structural Composites, Strongwell Corporation, Jamco Corporation, Schoeck International, Fiberon LLC, Trex Company, Hughes Brothers Inc. and Fibrolux GmbH.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/construction-composites-market
The aforementioned players are expanding its volume to fulfill the growing product demand in the world. For example, in January 2017, Fiberon launched 2 new construction composites product brands namely Fiberon Composite Cladding and new Fiberon Relax Decking to expand its product portfolio in the global construction composites market size.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.