Construction Repair Composites Market Insights, Trends, and Opportunity 2021 to 2026

The global Construction Repair Composites Market size is projected to grow from USD 331 million in 2021 to USD 533 million by 2026, at a CAGR of 10.0%. The construction repair composites industry is growing due to the rise in demand for construction repair projects from various applications, globally. The demand for construction repair composites showed decline in 2020 due to COVID-19. However, the end of lockdown and recovery in the end-use industries will stimulate the demand during the forecast period.

Browse 175 market data Tables and 53 Figures spread through 222 Pages and in-depth TOC on "Construction Repair Composites Market by Fiber Type (Glass, Carbon), Resin Type, Product type (Fabric, Plate, Rebar, Mesh, Adhesive), Application (Bridge, Water Structure, Industrial Structure, Commercial), and Region - Global Forecast to 2026".

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Over the past years, construction composites manufacturers have strengthened their position in the global construction repair composites market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions. However, owing to lockdown announced by several countries in 2020, the demand for construction repair composites from commercial, residential, silo flue pipe, oil & natural gas pipeline, water structure, industrial structure, and other end applications has declined sharply, which resulted in declined demand for construction repair composites.

The major manufacturers profiled in this report include Sika (Switzerland), Mapei SpA (Italy), Fosroc (UAE), Master Builders Solutions (Germany), Simpson Strong-Tie Company Inc. (US), are some of the key players in the construction repair composites market. Fyfe (US), AB-SCHOMBURG Yapý Kimyasallarý A.Þ. (Turkey), DowAksa (Turkey), Dextra Group (Thailand), Chomarat Group (France), Sireg Geotech S.r.l. (Italy), Owens Corning (US), and among others. The construction repair composites business of these companies is severely affected due to the outbreak of COVID - 19 pandemic. Reduced demand for construction repair composites from several applications and disruption in the supply chain have compelled the construction repair composites manufacturing companies to operate at partial capacities. However, several construction repair composites manufacturers have focused their concentration on new product development. These developments, coupled with end-use applications resuming their operations at full capacities, would create demand for construction repair composites during the forecast period.

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Sika, headquartered in Baar, Switzerland, is a global organization manufacturing, processing, and selling specialty chemical products for bonding, sealing, damping, reinforcing, and protecting. The group offers advanced solutions having applications in various sectors but has a huge focus on the building and construction sector. The company makes carbon fiber and glass fiber reinforced polymer products for use in construction. The company manages its operations under these business segments – building finishing, concrete, waterproofing, roofing, flooring, refurbishment, sealing and bonding, industry Mapei SpA is an Italian multinational corporation headquartered in Milan, Italy. The company produces chemicals, sealants, and adhesives predominantly for the construction industry. The company operates its business through different segments of the building sector, namely, industrial, old, new, commercial, infrastructure, marine, sports areas and other buildings. It offers composite products made from carbon fiber and glass fiber, which are predominantly used in construction and other building applications through its structural strengthening product line.

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