Lucintel's latest market report analyzed that composite repair and rehab in the global construction industry provides attractive opportunities in civil infrastructure, existing and historic buildings, and parking structures applications. The composite repair and rehab in the global construction industry market is expected to reach $372.1 million by 2028 with a CAGR of 1.9%. In this market, civil infrastructure is the largest segment by application, whereas carbon fiber composite is largest by fiber type. Increasing bio & recycled content in repair and rehab of civil infrastructures, and development of new fire-resistant polymers to improve fire performance of composites for civil infrastructural applications provides strategic growth path in this market.
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Based on application, the composite repair and rehab in the global construction industry market is segmented into civil infrastructure, existing and historic buildings, parking structures and others. The civil infrastructure segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to high performance of FRP materials than conventional concrete and steel repair material in bridges, highways and tunnels resulting in increase in service life, reduction in maintenance costs, faster construction, and can allow increased vehicular load on equivalent sized structures because of weight reduction.
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The Composite Repair and Rehab in the Global Construction Industry Market is marked by the presence of several big and small players. Some of the prominent players offering composite repair and rehab in the global construction industry include Aegion, Sika, Mapei, Simpson Strong-Tie, and BASF Construction Chemicals Italia Spa (Master Builders Solution).
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