Construction Composites Market

Construction Composites Market Overview

The composite material, also known as composite, refers to a solid material that results when two or more different substances, each substance has its own characteristics, are combined to create a new substance whose properties are superior to those of the original components in different types of applications. There are various types of composite building materials including concrete, reinforced plastics, cement, steel-reinforced concrete, and composite wooden beams. These materials offer various properties such as high durability and is widely used for infrastructural development.

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Major Construction Composites Market Drivers

The GCC construction composite market is projected to experience strong demand during the forecast period. The rising usage of composites, particularly in construction applications, is a significant factor that is surging the demand of the market in the coming years. The accelerating demand for high strength and corrosion-resistant construction materials in housing and commercial construction as they require lower maintenance cost as compared to timber decking and railing products is another factor that is contributing to the growth of the market in the coming years. The industry is offering a wide range of products for application areas such as gratings, stairways, decks, railing, and fences, especially for the industrial, commercial, and household sector, which is creating new growth opportunities for the market.

The market is also driven by increasing infrastructure development activities and rising investment in the UAE and Saudi Arabia. The construction sector plays a crucial role in the economic uplift and development of the UAE. The government of UAE is largely emphasizing on infrastructural development in the country by introducing various projects such as Smart Dubai, Cityland Mall, The Tower of Dubai, and various other projects. Thus, the continuous expansion in construction activities is another factor that will have a positive impact on the growth of the market. Additionally, the leading players in the construction composites market are focusing on manufacturing products that suit all types of construction industry requirements. Floor tiles, fences, and railings are now being preferred by builders rather than using traditional materials such as wood and steel. Construction composite materials are more durable as compared to other materials and offer various other advantages such as lightweight, low thermal conductivity, and corrosion-resistant. The remarkable properties of composite material is further attracting a large number of end-users to opt for these materials. However, on the other hand, the high cost of composite materials due to its complex production process and stringent government regulations are the two major factors that are hampering the growth of the market over the next six years.

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Based on resin type, market is segmented into polyester, vinyl ester, polyethylene, polypropylene, and others. Among these, polypropylene segment is projected to dominate the market during the forecast period. This is mainly due to the high tensile strength of polypropylene resin combined with its resistance to chemicals and high temperatures. Moreover, it is highly impermeable to water, which makes polypropylene ideal for immersion applications with tremendous insulation and elevated temperature. All the exceptional features of polypropylene are boosting the demand of the segment in the market.

Based on application, market is segmented into industrial, commercial, housing, and civil. Among these, the industrial segment is anticipated to grow at a higher CAGR during the forecast period. The accelerating usage of construction composites in multiple application areas including walkways, grating, stairway, and others is the significant factor that is responsible for the segment growth. On the other hand, the commercial segment is expected to lead the market over the forecast period. The increasing usage of construction composites in place of the traditional decking and railing products is a major factor that is propelling the demand of the segment. Furthermore, the growing demand for low-maintenance and durable products, particularly in the UAE and Saudi Arabia, is further energizing the segment growth.

On the basis of fiber type, the glass fiber segment is projected to grow at a higher CAGR during the forecast period. The increasing implementation of glass fiber in bathtubs, pipes, and tanks is one of the biggest factors that is supporting the growth of the segment. Moreover, the emerging trends have directly impacted the glass fiber industry, such as in cost optimizations and performance enhancement. These factors are driving the growth of the segment in the market.

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Based on the region, UAE is expected to dominate the market over the forecast period. This is attributed to the increasing investments in architectural projects in order to have an aesthetic view in the city. Moreover, the stringent government laws and regulations for fire-safety measures and increasing emphasis on improving the safety of the buildings is further responsible for the growth of the market in this region.

The GCC construction composites market has been segmented on the basis of resin type, fiber type, application, and countries. Based on resin type, the market is segmented into polyester resin, vinyl ester, polyethylene, polypropylene, and others. Based on fiber type, the market is segmented into glass fiber, natural fiber, and others. Based on application, the market is segmented into industrial, commercial, housing, and civil.

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Market Segmentation

GCC Construction Composites Market by Resin Type

• • Polyester Resin
  • Vinyl Ester
  • Polyethylene
  • Polypropylene
  • Others

GCC Construction Composites Market by Fiber Type

• • Glass fiber
  • Natural fiber
  • Others

GCC Construction Composites Market by Application

• • Industrial
  • Commercial
  • Housing
  • Civil

    GCC Construction Composites Market by Countries

• • UAE Construction Composites Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Construction Composites Market All-Up (Option 2: Free 25% Customization)
  • Oman Construction Composites Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Construction Composites Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Construction Composites Market All-Up (Option 5: Free 25% Customization)