Glass Fiber composites comprises a major share of the construction repair composites market in terms of value

The Vinyl Ester resin type accounts for the largest market share in the global construction repair composites market

(EstateNewsWire.com, October 21, 2021 ) The global construction repair composites market size was USD 331 million in 2021 and is expected to reach USD 533 million by 2026, projecting a CAGR of 10.0% between 2021 and 2026. construction repair composites are increasingly used in the commercial, residential, silo flue pipe, bridge, oil & natural gas pipeline, water structure, industrial structure, and other end-use applications. The increasing demand of commercial construction repair end-use application drives the demand for construction repair composites. However, the outbreak of COVID-19 has created ripples across various application industries leading to reduced demand for construction repair composites. Due to the lockdown scenario in Europe and North America, the demand for construction repair composites from commercial, residential, silo flue pipe, bridge, oil & natural gas pipeline, water structure, industrial structure, and other application have declined sharply in the first half of 2020.

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The bridge is the largest application area of construction repair composites in terms of value. The construction repair composites offer increased strength, temperature tolerance, high stiffness. These factors drive the demand of construction repair composites in variety of applications in the bridge end-use application.
The US is the largest market for construction repair composites in the world, in terms of both value and volume. The trend is expected to be the same during the forecast period. The country is home to some of the major construction repair composites manufacturers. The commercial, residential, silo flue pipe, bridge repair activities in the region are propelling the market for construction repair composites in the US. With Germany, the US, Spain, India being the most affected countries, the entire supply chain in the construction repair composites industry is disrupted globally. The lockdown of international borders has reduced the demand for construction repair composites in Europe and North America.

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Construction repair composites are segmented based on fiber type into glass fiber, and carbon fiber, and others. The glass fiber construction repair composites accounted for a largest share in the construction repair composites market. The bridge and water structure applications are two major consumers of construction repair composites due to high usages in applications. The demand for glass fiber construction composites market is showed decline in 2020 due to the pandemic.

Due to the COVID-19 crisis, several players in the construction repair composites market have implemented various strategies. For instance, many companies are operating in staggered shifts or running at partials capacities.

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