Chicago, Oct. 7, 2022 (GLOBE NEWSWIRE) — Carbon fiber construction market The size is projected to grow from $330.0 million in 2022 to $531.5 million in 2027 at a CAGR of 10% over the forecast period. The growing demand from the construction industry due to the increase of construction projects worldwide is one of the major factors expected to drive the growth of the carbon fiber construction market.
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The list of major players in the carbon fiber construction industry includes:
- Sika AG (Switzerland),
- Mapei SpA (Italy),
- Fosroc (Dubai),
- Master Builders Solutions (Germany),
- Fyfe (USA),
- AB-SCHOMBURG Yapı Kimyasalları A.Ş. (Turkey),
- DowAksa (Turkey),
- Dextra Group (Thailand),
- Rhino Carbon Fiber Reinforcement Products (USA) and
- Chomarat Group (USA).
Drivers, Constraints, Opportunities and Challenges in the Carbon Fiber Construction Industry:
- Driver: Growth in the global construction industry is driving demand for carbon fibers from various applications
- Limitations: Higher cost of carbon fiber materials compared to traditional substitutes
- occasions: Growing demand from emerging markets
- Challenges: Lower adoption and acceptance of carbon fiber composites
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XX is the fastest growing commodity type by value in the carbon fiber construction market
The raw material type of carbon fiber construction market can be broadly classified into pan-based carbon fiber and pitch-based carbon fiber. Carbon fibers are used extensively in industrial and construction applications due to their high strength-to-weight ratio and other mechanical properties.
XX is the fastest growing fiber type in terms of value in the global carbon fiber construction market
Based on the product type, the carbon fiber is…
