The Business Research Company’s report on the Composites Repair And Rehab Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the composites repair and rehab market further?
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. Composite 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, in December 2023, according to a report published by Marklines a Japan based advertising company light vehicle seasonally adjusted annualized sales (SAAR) reached 16.08 million units, a significant increase from 13.77 million units in December 2022. Additionally, total sales for the entire year of 2023 amounted to 15,608,386 units, reflecting a 12.3% rise compared to the end of 2022. Therefore, the rapid expansion of the automotive industry is driving the composite repair and rehab market.
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What are the key factors influencing the forecasted market size of the composites repair and rehab industry?
The composites repair and rehab market size has grown strongly in recent years. It will grow from $1.91 billion in 2024 to $2.07 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to aging infrastructure, increased use of composite materials, cost-effective repair solutions, stringent regulatory standards, and environmental sustainability
The composites repair and rehab market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to growing composite application areas, focus on infrastructure resilience, demand for lightweight structures, and preventive maintenance practices. Major trends in the forecast period include the integration of automation and robotics, the development of sustainable composite repair solutions, increasing application in oil and gas pipelines, the use of composite wraps for structural reinforcement, and training and certification programs.
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Who are the leading competitors in the composites repair and rehab market?
Major companies operating in the composites repair and rehab market include 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., Henkel AG & Co KGaA
Which emerging trends are set to transform the composites repair and rehab market landscape?
Product Innovation is the key trend gaining popularity in the composite repair and rehab market. Major companies operating in the composite repair and rehab market are creating revolutionary products to improve their market share. For instance, in May 2022, Engineered Composite Solutions Limited, a Scotland-based company that creates, develops, and offers composite repair systems, launched FutureWrap Bio, an innovative and unique repair system produced from 70% plant oil. It is regarded as the pioneering product of its type, made with 70% plant-based oil for its epoxy structure, making it more ecologically sustainable than existing composite repair solutions.
How do different geographies compare in terms of market share and growth potential in the composites repair and rehab market?
Asia Pacific was the largest region in the composites repair and rehab market in 2024. 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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Which major segments of the composites repair and rehab market are experiencing the fastest growth?
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
Subsegments:
1) By Glass Fiber Composites: E-Glass Fiber Composites, S-Glass Fiber Composites, Hybrid Glass Fiber Composites
2) By Carbon Fiber Composites: Prepreg Carbon Fiber Composites, Thermoset Carbon Fiber Composites, Thermoplastic Carbon Fiber Composites
3) By Other Products: Aramid Fiber Composites, Natural Fiber Composites, Specialty Composites
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How is the composites repair and rehab market defined, and what are its core characteristics?
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.
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