Construction Composites Market by Products, Applications & Regional Growth by 2019-2025

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Construction Composite Market Growth Outlook
with Industry Review and Forecast 2019-2025
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Global Market Scenario of Construction Composite
Industry

• 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.
• 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 construction
  composite market 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.

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• 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 Market 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.

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360 Industry Analysis

• 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 construction composites Market by
  2025.
•  

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• Competitive Analysis
• Construction composites market 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.

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