China construction composites market is anticipated to showcase a considerable growth rate of 6.8% during the forecast period. The presence of a well-established chemical sector and considerable growth in investment regarding eco-friendly building and construction industry are the pivotal factors driving the China construction composite market. According to the National People’s Congress, in March 2019, CNY 1.8 trillion ($261 billion) of investment was planned for road construction and waterway projects. Considerable investment in the construction sector is expected to augment the demand for construction composites.
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The construction composites market is segmented based on fiber type, resin type, and end-user. Based on fiber type, the market is segmented into carbon fiber, glass fiber, and other type. Carbon fiber is expected to hold considerable market share based on fiber type owing to high strength and low weight. However, the adoption of carbon-free composites in the countries of North America may restrain the growth of this market segment. Based on the resin type, the construction composites market is segmented into thermoplastic resin and thermosetting resin. Based on end-user, the market is segmented into residential, commercial & industrial.
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China Construction Composites Market Segmentation
By Fiber Type
· Carbon Fiber
· Glass Fiber
· Other Fiber
By Resin Type
· Thermoplastic Resin
· Thermosetting Resin
By End-User
· Residential
· Commercial
· Industrial
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