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Building and Construction Composites Market: Overview

Composite materials that can be used in building and construction activities are known as building and construction composites. They are prepared from two or more constituent materials with unique physical and chemical properties. These in turn form a single entity. In the combined form, building and construction composites show advanced chemical and physical properties. Building and construction composites can meet numerous design requirements posed by engineers and architects. These composites offer significant weight savings and high strength-to-weight ratio compared to conventional building and construction materials. Building and construction composites offer advantages such as improved tensile strength compared to steel and aluminum; and high resistance to weathering and harsh chemicals. Composite structures lower the weight of building structures by almost 40%. Building and construction composites are widely used in applications such as industrial, automotive, wind energy, marine, construction, and aerospace. Building and construction composites are ideal for application in building and construction activities owing to their key properties such as flexibility, durability, low weight, corrosion resistance, thermal performance, and impact resistance.

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Building and Construction Composites Market: Driver & Restraints

Demand for building and construction composites is primarily driven by the rise in requirement of these composites in the residential sector and renovation activities across the globe. Low maintenance cost and long shelf life are primary factors driving the building and construction composites market. Overall economic development and rapid urbanization in emerging economies are anticipated to fuel the demand for building and construction composites in the near future. Additionally, technological advancement and increase in product innovation are anticipated to propel the building and construction composites market. Demand for robust reinforced materials such as advanced polymer composites has been rising in the building and construction industry. Substantial investments in infrastructure developments by various governments in emerging economies of Asia Pacific and Latin America is also estimated to positively influence the building and construction composites market.

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Building and Construction Composites Market: Key Players

Prominent companies operating in the building and construction composites market include Jamco Corporation, UPM, Bedford Reinforced Plastics, and Exel Composites Oyj.