Global Building and Construction Composites
Market Report
2025
The global building and construction composites market size is USD 52654.2 million in 2024. Increasing demand for lightweight and durable building materials and advancements in composite technology is expected to boost sales to USD 76594.97 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.50% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Building and Construction Composites market size will be USD 52654.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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List of Competitors |
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Report scope is customizable as we have a huge database of Building and Construction Composites industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Building and Construction Composites Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Building and Construction Composites Market covers the manufacture and use of composite materials for construction purposes. The combination of two or more materials with different properties produces a product that is strong, strong, and lightweight. Common construction materials include fiberglass, carbon fiber, and various plastic materials. These composite materials are popular because they offer greater benefits than traditional building materials such as steel, concrete, and wood. They’re corrosion-resistant, have the same strength and weight, and require little maintenance. This makes them ideal for a wide range of applications including bridges, buildings, facades, and infrastructure projects. The market is growing due to the increasing demand for sustainable and efficient construction solutions. Innovations in composite technology and a focus on eco-friendly building practices are also driving this growth.
October 2023: Avient Corporation announced the launch of its new ThermoBallistic™ thermoplastic composite panels, designed for ballistic resistance, at the Composites and Advanced Materials Expo (CAMX) 2023 in Atlanta. (Source: https://www.avient.com/news/avient-debuts-thermoballistic-thermoplastic-composite-panels-camx-2023 )
The Building & Construction Composites Market is experiencing growth owing to the rising demand for lightweight and durable building materials. These materials have numerous advantages compared with conventional ones such as improved strength, less weight, and more resistance to environmental factors. Therefore, these materials are perfect matches for new-age construction projects that emphasize efficiency as well as durability. As a result, builders and architects are increasingly opting for composites to meet their innovative high-performance needs. Furthermore, using lightweight materials can also minimize transportation or installation costs thereby escalating their demand even more. This trend towards higher advanced composites is driving market growth as the construction industry strives to combine serviceability with general performance or sustainability all at affordable prices. The Building and Construction Composites Market is experiencing growth due to the increasing demand for lightweight materials that are long-lasting in terms of building structures.
The Building and Construction Composites market has witnessed steady growth, driven by rising infrastructure development and urbanization. As cities expand, there is an increasing need for innovative building materials that have high strength and durability. Nowadays, these materials are preferred for contemporary construction because they are lightweight and versatile enough to serve all kinds of purposes. Rapid urbanization suggests that construction should be both effective and eco-friendly whereas composite materials provide solutions that cannot be accomplished by traditional ones. This direction is propelled forward by governments and developers investing in advanced kinds of materials that can create strong and more durable structures that meet the demands of the growing population in urban areas.
The Building and Construction Composites market is restrained by the high initial costs of composite materials. These materials provide better performance and longevity; however, their manufacturing is a more expensive process than the usual construction materials like cement and steel. For contractors or developers undertaking projects with limited budgets, such high initial investments are discouraging. Additionally, the complex manufacturing processes and advanced technology required to produce composites contribute to these higher costs. This financial barrier hinders the widespread application of composites in the building sector despite their long-term merits as well as improved efficiency and sustainability in construction.
The Building and Construction Composites Market has seen growth driven by the increasing demand for lightweight, durable, and sustainable materials. Key drivers include the surge in infrastructure development and the focus on eco-friendly construction. However, the COVID-19 pandemic caused temporary disruptions in the market. Lockdowns and remote work led to delays in construction projects and limited access to materials. Many construction companies faced budget constraints, affecting their investment in advanced composites. Despite these setbacks, the market rebounded quickly as the industry adapted to the new normal and prioritized innovative building solutions. Long-term trends indicate a robust recovery with sustained growth, fueled by ongoing infrastructure projects and the need for efficient, high-performance construction materials.
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The competitive landscape of the Building and Construction Composites market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established marketing construction companies, specialized Building and Construction Composites companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
May 2024: Xenia Materials, a global developer of carbon fiber reinforced polymers, announced a new line of polyvinylidene fluoride (PVDF)-based compounds for pellet-fed 3D printing applications. These materials combine the properties of carbon fiber with PVDF, providing high performance, and chemical resistance, and meeting ATEX standards for use in potentially explosive atmospheres. (Source: https://www.voxelmatters.com/xenia-to-launch-new-carbon-fibre-reinforced-pvdf-for-3d-printing/) country_desc {country_desc_start}
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's robust construction investment. Rapid urbanization and economic growth in North America are leading to a surge in construction activities, which boosts the demand for construction composites.
Asia Pacific stands out as the fastest-growing region in the Building and Construction Composites market due to increased government funding and initiatives aimed at modernizing infrastructure and promoting energy-efficient buildings that are propelling the construction industry forward. These initiatives create a favorable environment for the use of advanced composite materials in new projects contributing to the growth of the region.
{country_desc_end} component _desc {component _desc_start} How are Segments Performing in the Global Building and Construction Composites Market?
According to Cognitive Market Research, Glass Fiber-Reinforced Composites stand out as the dominant category. This can be attributed to their wide application in roofing, siding, doors and windows as well as decks. Their mechanical properties make them suitable for about any project and they are also cheaper than other types of fibers. All factors further contribute to the segment dominnace
Natural Fiber-Reinforced Composites emerge as the fastest-growing category in the Building and Construction Composites market. The adoption of these natural composites has been driven by increased environmental awareness, conducive regulatory frameworks for bio-based products among other things as well as numerous sustainability initiatives taken by prominent market players in the construction industry. Some natural fibers that are frequently found in composites are flax, hemp, jute, sisal, coconut fiber, and timber, which drives the rapid growth of the services segment.
{component_desc_end} application_desc {application_desc_start}
According to Cognitive Market Research, the dominant category is building and construction due to their greater strength-to-weight ratios, long-lastingness, ability to be shaped into designs that are desired and ease of installation makes them useful in a variety of areas within the construction industry.
The fastest-growing category in the Building and Construction Composites market is Electrical and Electronics. Demand for very small and lightweight components coupled with highly developed technologies makes it necessary to utilize composite materials in the sector. Also, increasing usage of telecommunication networks, growth of the electronics consumer industry, and rise in the use of renewable energy are also propelling opportunities in the electrical & electronics field.
{application_desc_end} end-use_industry_desc {end-use_industry_desc_start}
According to Cognitive Market Research, the dominant category is Industrial and Manufacturing due to the high demand for composites in several manufacturing processes and industries. Other reasons behind its rise in popularity include exceptional structural stability, adaptable designs, less need for upkeep, and a longer lifespan as compared to conventional materials.
The fastest-growing category in the Building and Construction Composites market is Wind Energy due to intensifying efforts towards cleaner energy generation methods, soaring investments in wind farm projects, ongoing innovations in blade design and production techniques, and escalating preference for lightweight yet robust materials capable of ensuring optimal power output under varying operational conditions.
{end-use_industry_desc_end} tenth_seg_desc {tenth_seg_desc_start} Conclusion
According to Cognitive Market Research, the global Building and Construction Composites market size was estimated at USD 52654.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 21061.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
According to Cognitive Market Research, the global Building and Construction Composites market size was estimated at USD 52654.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 15796.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Top Companies Market Share in Building and Construction Composites Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's robust construction investment. Rapid urbanization and economic growth in North America are leading to a surge in construction activities, which boosts the demand for construction composites.
Asia Pacific stands out as the fastest-growing region in the Building and Construction Composites market due to increased government funding and initiatives aimed at modernizing infrastructure and promoting energy-efficient buildings that are propelling the construction industry forward. These initiatives create a favorable environment for the use of advanced composite materials in new projects contributing to the growth of the region.
The current report Scope analyzes Building and Construction Composites Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the global Building and Construction Composites market size was estimated at USD 52654.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 21061.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
According to Cognitive Market Research, the global Building and Construction Composites market size was estimated at USD 52654.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 12110.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
According to Cognitive Market Research, the global Building and Construction Composites market size was estimated at USD 52654.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 2632.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .
According to Cognitive Market Research, the global Building and Construction Composites market size was estimated at USD 52654.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1053.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..
Global Building and Construction Composites Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Building and Construction Composites Industry growth. Building and Construction Composites market has been segmented with the help of its , Application Outlook: End-use Industry, and others. Building and Construction Composites market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
of Building and Construction Composites analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Building and Construction Composites Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominant category is building and construction due to their greater strength-to-weight ratios, long-lastingness, ability to be shaped into designs that are desired and ease of installation makes them useful in a variety of areas within the construction industry.
The fastest-growing category in the Building and Construction Composites market is Electrical and Electronics. Demand for very small and lightweight components coupled with highly developed technologies makes it necessary to utilize composite materials in the sector. Also, increasing usage of telecommunication networks, growth of the electronics consumer industry, and rise in the use of renewable energy are also propelling opportunities in the electrical & electronics field.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, the dominant category is Industrial and Manufacturing due to the high demand for composites in several manufacturing processes and industries. Other reasons behind its rise in popularity include exceptional structural stability, adaptable designs, less need for upkeep, and a longer lifespan as compared to conventional materials.
The fastest-growing category in the Building and Construction Composites market is Wind Energy due to intensifying efforts towards cleaner energy generation methods, soaring investments in wind farm projects, ongoing innovations in blade design and production techniques, and escalating preference for lightweight yet robust materials capable of ensuring optimal power output under varying operational conditions
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Conclusion
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Disclaimer:
Application Outlook: | Building and Construction, Chemical Processing, Electrical and Electronics, Automotive |
End-use Industry | Industrial and Manufacturing, Transportation, Aerospace and Defense, Wind Energy |
List of Competitors | Advanced Environmental Recycling Technologies, Inc. (U.S.), Bedford Reinforced Plastics (U.S.), Diversified Structural Composites (U.S.), Exel Composites Oyj (Finland), Hughes Brothers, Inc. (U.S.), Jamco Corporation (Japan), Schoeck International (Germany), Strongwell Corporation (U.S.), Trex Company, Inc. (U.S.), UPM Biocomposites (Finland) |
This chapter will help you gain GLOBAL Market Analysis of Building and Construction Composites. Further deep in this chapter, you will be able to review Global Building and Construction Composites Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Building and Construction Composites. Further deep in this chapter, you will be able to review North America Building and Construction Composites Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Building and Construction Composites. Further deep in this chapter, you will be able to review Europe Building and Construction Composites Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Building and Construction Composites. Further deep in this chapter, you will be able to review Asia Pacific Building and Construction Composites Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Building and Construction Composites. Further deep in this chapter, you will be able to review South America Building and Construction Composites Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Building and Construction Composites. Further deep in this chapter, you will be able to review Middle East and Africa Building and Construction Composites Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Building and Construction Composites. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
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Chapter 10 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by End-use Industry Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Building and Construction Composites market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why have a significant impact on Building and Construction Composites market? |
What are the key factors affecting the and of Building and Construction Composites Market? |
What is the CAGR/Growth Rate of Building and Construction during the forecast period? |
By type, which segment accounted for largest share of the global Building and Construction Composites Market? |
Which region is expected to dominate the global Building and Construction Composites Market within the forecast period? |
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