Press Release

Composites Repair and Rehab Market to Grow with a CAGR of 4.48% Globally through 2029

Surge in research and development activities is expected to drive the Global Composites Repair and Rehab Market growth in the forecast period.

According to TechSci Research report, “Composites Repair and Rehab Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Composites Repair and Rehab Market stood at USD 1.51 billion in 2023 and is anticipated to grow with a CAGR of 4.48% in the forecast period, 2025-2029. Initiatives taken by government based on composites repair and rehab has led to favorable market conditions for the Global Composites Repair and Rehab Market. Several factors contribute to the growth of various composites repair and rehab products.

The United States government recently passed the Bipartisan Infrastructure Investment and Jobs Act. This landmark act aims to allocate billions of dollars towards the crucial task of repairing and rebuilding deteriorating roads, bridges, and other essential infrastructures. With a strong emphasis on addressing climate change and promoting resilience, equity, and safety, this investment will not only revitalize the nation's infrastructure but also contribute to a sustainable and inclusive future. As a result, the market for composite materials used in infrastructure repair and rehabilitation is expected to experience significant growth, driven by the increased demand for durable and eco-friendly solutions.

In addition to the Bipartisan Infrastructure Investment and Jobs Act, another noteworthy initiative is the Infrastructure for Rebuilding America program led by the U.S. Department of Transportation. This program focuses on supporting various projects related to the reconstruction, rehabilitation, and acquisition of properties necessary for infrastructure development. These projects encompass not only the physical structures but also the surrounding land and improvements made to enhance their functionality. Once again, the utilization of composite materials is poised to play a crucial role in these endeavors, given their exceptional properties and effectiveness in addressing repair and rehabilitation challenges. With their strength, durability, and versatility, composite materials offer long-term solutions that can withstand the demands of modern infrastructure requirements, ensuring a sustainable and resilient built environment.


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Extensive research and development (R&D) efforts have spearheaded the development of cutting-edge composite materials that boast exceptional properties. These materials not only exhibit higher strength but also showcase improved corrosion resistance, making them an ideal choice for various applications. In addition to their remarkable characteristics, these advanced materials also offer superior repair solutions, which in turn, propel the growth of the market.

The Global Composites Repair and Rehab Market is segmented into product, application, regional distribution, and company.

Based on its application, the civil infrastructure segment held the largest market share in the forecast period. This is due to the high performance of FRP (Fiber Reinforced Polymer) materials compared to conventional concrete and steel repair materials in bridges, highways, and tunnels. FRP materials offer several advantages, such as increased service life, reduced maintenance costs, faster construction, and the ability to accommodate increased vehicular load on equivalent-sized structures due to weight reduction. These benefits arise from the unique properties of FRP materials, including their high strength-to-weight ratio, corrosion resistance, and durability. Overall, the utilization of FRP materials in infrastructure projects has revolutionized the construction industry, providing a sustainable and efficient solution for enhancing the longevity and performance of critical structures.

Based on region, North America segment is expected to grow during the forecast period. 

This increase can be attributed to the significant growth in infrastructural repair and rehabilitation efforts, particularly in the state of California. Given its vulnerability to natural calamities, such as earthquakes, California has been focusing on addressing the structural integrity of its infrastructure. According to the Seismic Advisory Board of California, it has been estimated that around 24,000 bridges in the state are at risk of potential collapse within the next couple of years. This emphasizes the urgent need for proactive measures and investments in order to ensure the safety and resilience of these critical transportation links.

Major companies operating in Global Composites Repair and Rehab Market are:

·         Air France-KLM

·         Aegion Corp

·         BASF SE

·         Sika AG

·         Simpson Strong-Tie Company, Inc.

·         Mapei Corp

·         Boeing Company

·         Lufthansa Technik AG

·         Hong Kong Aircraft Engineering Company Limited

·         TD Williamson Inc.


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“With the increasing complexity of composite repair and rehabilitation techniques, there is a growing demand for training and education programs to equip technicians and engineers with the necessary skills and knowledge. Manufacturers, industry associations, and educational institutions offer training courses and certification programs to meet this demand.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Composites Repair and Rehab Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Glass Fiber Composites, Carbon Fiber Composite, Others), By Application (Civil infrastructure, Existing and Historic Building, Parking Structure, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Composites Repair and Rehab Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Composites Repair and Rehab Market.

 

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