@ 2018 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Construction Composites Market Update, Analysis, Forecast, 2018 – 2025
@ 2018 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Overview Aided by the unprecedented investments in infrastructural projects across the world, Construction Composites Market is poised to record a massive valuation of USD 65 billion by 2025.Construction Composites Market Owing to some of its exceptional properties like high strength and light weight, construction glass fiber has become the go-to product for various electrical and thermal insulation purposes across industrial, commercial, and residential sectors. Add to it, considering the immense growth prospect of fiberglass based construction composites market, renowned construction players are also pouring hefty amount in its large scale production. CNBM (China National Building Material) Company, say for instance, in conjunction with the IDRO Group (Industrial Development and Renovation Organization of Iran) has signed a deal of USD 74 million to establish a massive fiberglass and composite manufacturing unit in Marand, which claims to hold a capacity of nearly 30 kilo tons. It therefore goes without saying that fiberglass will procure a major portion of construction composites market share over the ensuing years.
@ 2018 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Owing to some of its exceptional properties like high strength and light weight, construction glass fiber has become the go-to product for various electrical and thermal insulation purposes across industrial, commercial, and residential sectors. Add to it, considering the immense growth prospect of fiberglass based construction composites market, renowned construction players are also pouring hefty amount in its large scale production. CNBM (China National Building Material) Company, say for instance, in conjunction with the IDRO Group (Industrial Development and Renovation Organization of Iran) has signed a deal of USD 74 million to establish a massive fiberglass and composite manufacturing unit in Marand, which claims to hold a capacity of nearly 30 kilo tons. It therefore goes without saying that fiberglass will procure a major portion of construction composites market share over the ensuing years.
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@ 2018 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Exel Composites’ recent takeover of Diversified Structural Composites has been lately hogging all the attention in construction composites market. Keeping in line with the competitive spectrum, Exel reportedly has penned down an agreement with Teijin Carbon America Inc., a subsidiary of globally acclaimed carbon manufacturer Teijin, in a bid to acquire 100% share of DSC. The merger mainly centers around integrating DSC’s excellent pultrusion related technical know-how with Exel’s existing growth strategy. According to reliable estimates, India is slated to peg third position in global construction industry by 2025 with a forecast valuation of USD 1 trillion, which by extension also ensure its stance in construction composite market in the years ahead. The mammoth valuation indeed can be credited to the flurry of projects with regards to road & building construction, railways, urban infrastructure, and the like. China’s construction sector is also expanding at a remarkable pace. With China and India at the growth front, Asia Pacific construction domain is likely to procure 60% of the global infrastructure spending by 2025, claim reports. Undoubtedly, this growth demands the requirement of advanced reinforced materials, which would eventually propel APAC construction composites industry. 360 Analysis
@ 2018 Global Market Insight, Inc. USA. All Rights Reservedwww.fractovia.org Competitive Trends: The notable industries in Construction Composites Market are Bedford Reinforced Plastics Advanced Environmental Recycling Technologies, Inc. Diversified Structural Composites UPM Biocomposites Exel Composites Oyj Jamco Corporation Strongwell Corporation Schoeck International Trex Company, Inc. Fiberon LLC Fibrolux GmbH Hughes Brothers, Inc.
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