Construction Composite Materials Market Forecast to Exceed $65 Billion

The global construction composites market is forecast to exceed $65 billion by 2025 due to massive government investments to improve public infrastructure around the world, according to a new research report from Global Market Insights, Inc. The durability, strength and lightweight properties of composite materials also will drive this market in the near future.

The market for construction composites used in commercial applications, including bridges, airports, hospitals, etc., is projected to rise at a compound annual growth rate of more than 4.5 percent by 2025. Metal composites accounted for more than 25 percent of the overall market size in 2017, illustrating the increasing need for high-performance materials to make building exteriors anti-corrosive and durable.

However, the report states high prices and a lack of product awareness represent potential hurdles in the growth of the construction composite market.