As per the recently published report by MarketsandMarkets™, The “Carbon Fiber Construction Repair Market by Product Type (Rebar, Fabric, Plate), Application (Residential & Commercial Building, Infrastructure, Industrial), and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2028″, is estimated at USD 119 million in 2023 and is projected to reach USD 192 million by 2028, at a CAGR of 10.0% from 2023 to 2028. Construction repair carbon fiber products possess various properties, such as high strength, high elastic modulus, low weight, high-temperature tolerance, high chemical resistance, and fatigue strength, which make them an ideal choice for the construction repair industry. The usual applications of carbon fiber construction repair products include repairing and adding more strength to structures made up of concrete, timber, steel, cast iron, or masonry.
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- 163 Market data Tables
- 49 Figures
- 196 Pages and in-depth TOC on “Carbon Fiber Construction Repair Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
Major manufacturers in this market are based in North America and Europe. SIKA AG (Switzerland), Mapei SpA (Italy), Fosroc Inc. (UAE), Master Builders Solutions (Germany), Critica Infrastructure (US), AB-SCHOMBURG Yapi Kimyasallari A.S. (Turkey), Dowaksa (UAE), Dextra Group (Thailand), Rhino Carbon Fiber Reinforcement Products (US), Mitsubishi Chemical Corporation (Japan), Toray Industries Inc. (Japan), Simpson Strong-Tie Company Inc. (US), Antop Global Technology Co., Ltd. (China), Sireg Geotech S.r.l. (Italy), and Chomarat Group (US) are among a few leading players operating in the carbon fiber construction repair market. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the carbon fiber construction repair market further.
Recent Developments in Carbon Fiber Construction Repair Market Industry
- In June 2023, FOSROC Inc. entered into a JV with Chemtech, a leading construction chemicals manufacturer in Egypt.
- In May 2023, Sika acquired MBCC Group to strengthen its footprint across all regions and reinforce its range of products and services across the entire construction life cycle.
- In September 2022, Mapei Group acquired ProfilPas, which is a leading manufacturer and seller of construction materials and accessories.
- In September 2022, Mitsubishi Chemical Corporation partnered with Ibaraki Prefecture governance body to establish circular industrial complex in Kashima coastal industrial zone and create a carbon- neutral industrial base located in the Ibaraki coastal area.
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Sika AG (Switzerland) – Sika is a global organization headquartered in Baar, Switzerland, that manufactures, processes, and sells specialty chemical products for bonding, sealing, damping, reinforcing, and protecting. The company provides advanced solutions with applications in a variety of industries, but it focuses heavily on the building and construction industry. Carbon fiber and glass fiber-reinforced polymer products are manufactured by the company for use in construction. Sika’s operations are divided into two business segments: products for the construction industry and products for industrial manufacturing.
Mapei SpA (Italy) – Mapei SpA is a multinational Italian corporation headquartered in Milan, Italy. The company primarily manufactures chemicals, sealants, and adhesives for the construction industry. The company provides its products to provide solutions for various construction and repair industry applications such as residential, commercial buildings, infrastructure, and industrial applications. Through its structural strengthening product line, it provides composite products made of carbon fiber and glass fiber that are primarily used in construction and other building applications.
Master Builders Solutions (Germany) – Master Builders Solutions, formerly headquartered in Ohio and now acquired by MBCC, offers advanced chemical solutions for new construction, maintenance, repair, or renovation of structures. The company develops, manufactures, and distributes concrete admixtures, cement additives, solutions for underground construction, waterproofing systems, concrete repair and protection systems, performance grouts, and flooring systems. It produces glass, carbon, and aramid fiber products, such as rods, mesh, and fabric, which have various applications in the field of construction and civil engineering.
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