The global building repair composite materials market will reach 533 million U.S. dollars in 2026, and glass fiber composite materials will still occupy a major share

According to the “Construction Repair Composites Market” market analysis report released by Markets and Markets™ on July 9, the global construction repair composites market is expected to grow from USD 331 million in 2021 to USD 533 million in 2026. The annual growth rate is 10.0%.
Building repair composite materials are widely used in residential buildings, commercial buildings, silo flues, bridges, oil and gas pipelines, water structures, industrial structures and other end applications. The growing number of bridge and commercial repair projects has greatly increased the demand for building repair composite materials.

In terms of composite material types, glass fiber composite materials will still occupy a major share in the building repair composite materials market. Glass fiber composite materials have a wide range of applications in various terminal fields of construction. During the forecast period, the growth in demand for these applications will further promote the development of the glass fiber building repair composite material market.

As far as the type of resin matrix is concerned, vinyl ester resin will account for the largest share of matrix materials for global building repair composite materials during the forecast period. Vinyl ester resin has high strength, mechanical toughness, high corrosion resistance, and resistance to fuel, chemicals or steam. They have excellent durability, heat resistance and high tensile strength. This resin can be impregnated with chopped glass fibers or carbon fibers to produce architectural composites. Compared with epoxy resins, they are cheaper and more cost-effective.

In terms of the types of building repair products, composite material (FRP) steel reinforcement products accounted for the largest market share during the forecast period. Divided by product type, among the rebar products in the building repair composite material market, rebar is used the most. Rebar is a lightweight fiber-reinforced polymer with a wide range of high strength.

Steel bars are transparent to magnetic fields and radio frequencies, do not conduct heat, conduct electricity, and are resistant to chemical corrosion, so they are used as a substitute for steel bars in the construction industry. FRP steel bars are commonly used to repair bridges, highways, commercial, industrial structures and other applications.

In terms of target product application fields, bridge applications will become the largest terminal application market for building repair composite materials.

For a long time, bridge applications have been dominant in the global building repair composite materials market. FRP steel bars, nets, carbon fiber fabrics and other products have been widely used in the reinforcement of bridge structures around the world. Composite materials have many advantages, allowing faster, more convenient and more economical installation and maintenance.

Post time: Jul-21-2021

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