Composites Repair And Rehab Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Hexcel Corporation, Sherwin-Williams Company, Fibrwrap Contractors S.A., 3M Company, Composite Technology Inc.l Industries Limited

Overview and Scope
Composite repair and rehab refer to the process of strengthening, repairing, and upgrading structures made of composite materials. The primary objective of composite repair and rehab is to minimize strains in damaged composite areas, prevent cracks from developing or growing, and restore the structure’s original design requirements.

Sizing and Forecast
The composites repair and rehab market size has grown strongly in recent years. It will grow from $1.76 billion in 2023 to $1.92 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to aging infrastructure, increased use of composite materials, cost-effective repair solutions, stringent regulatory standards, environmental sustainability.

The composites repair and rehab market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to growing composite application areas, focus on infrastructure resilience, demand for lightweight structures, preventive maintenance practices. Major trends in the forecast period include integration of automation and robotics, development of sustainable composite repair solutions, increasing application in oil and gas pipelines, use of composite wraps for structural reinforcement, training and certification programs.

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Segmentation & Regional Insights
The composites repair and rehab market covered in this report is segmented –

1) By Product: Glass Fiber Composites, Carbon Fiber Composite, Other Products
2) By Process: Hand Lay-up, Vacuum Infusion, Autoclave, Other Processes
3) By Application: Civil Infrastructure, Existing And Historic Building, Parking Structure, Other Applications
4) By End-User Industry: Aerospace And Defense, Wind Energy, Automotive,Marine, Construction, Other End-User Industries

Asia Pacific was the largest region in the composites repair and rehab market in 2023. The regions covered in the composites repair and rehab market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rapid expansion of the automotive industry is expected to propel the growth of the composite repair and rehab market going forward. The automobile industry refers to producing and distributing self-powered vehicles, such as automobiles, trucks, agricultural machinery, and other commercial vehicles. Composites repair and rehab services reduce the weight of vehicles, enhance strength, offer excellent physical characteristics for automobiles, and offer excellent mechanical resistance compared to traditional materials. For instance, according to the Bureau of Transportation Statistics (BTS), a US-based agency that publishes information on transportation systems, new vehicle sales increased to 11,741 (Thousands of vehicles) in 2021 from 11,041 (Thousands of vehicles) sales in 2020. Therefore, the rapid expansion of the automotive industry is driving the composite repair and rehab market.

Key Industry Players
Major companies operating in the composites repair and rehab market report are Hexcel Corporation, Sherwin-Williams Company, Fibrwrap Contractors S.A., 3M Company, Composite Technology Inc., Air France KLM S.A., Simpson Strong-Tie Company Inc., Aegion Corporation, Mapei, Gurit Services AG, The IKM Group, Sika AG, CSNRI Composites, WichiTech Industries Inc., The Boeing Company, TD Williamson Inc., Crawford Composites LLC, Hong Kong Aircraft Engineering Company Limited, Citadel Technologies, BASF SE, Team Inc., WR Composites, Milliken Infrastructure Solutions LLC., T.D. Williamson Inc., Henkel AG & Co KGaA.

The composites repair and rehab market report table of contents includes:

1. Executive Summary

2. Composites Repair And Rehab Market Characteristics

3. Composites Repair And Rehab Market Trends And Strategies

4. Composites Repair And Rehab Market – Macro Economic Scenario

5. Global Composites Repair And Rehab Market Size and Growth

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32. Global Composites Repair And Rehab Market Competitive Benchmarking

33. Global Composites Repair And Rehab Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Composites Repair And Rehab Market

35. Composites Repair And Rehab Market Future Outlook and Potential Analysis

36. Appendix