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Last edited 06 Feb 2021
Construction composites market
Construction composites arrange several materials together to form the single entity with improved properties compared to the materials in the composite. They are widely used in applications such as industrial, automotive, wind energy, marine, construction and aerospace.
Construction composites possess advanced properties such as flexibility, durability, low weight, corrosion resistance, strength, thermal performance and impact resistance. These materials are used in various forms in industrial commercial and housing and civil constructions.
Rising penetration of construction adhesive in the construction industries may propel the global construction composites market growth in future. Some of the major factors driving the global market are low maintenance cost and long life. An economic boom and rapid urbanization in the developing countries may see further growth in the future. In addition, technological advancement and increasing product innovation may generate growth.
The global market is categorised based on geography as; North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America is leading in the global construction composites market owing to general growth in construction and infrastructural activities and a rising demand for non-corrosive and lightweight materials. However, these materials need less maintenance in housing, industrial, civil, and commercial applications.
 Competitive players
The major industries operating in the global construction composites market are Jamco Corporation, Hughes Brothers, Inc., Advanced Environmental Recycling Technologies, Inc., UPM Biocomposites, and Schoeck International. Other players include Bedford Reinforced Plastics, Strongwell Corporation, Exel Composites Oyj, and Diversified Structural Composites.
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