Global Composites Repair And Rehab Market Drivers 2024, Forecast To 2033

The composites repair and rehab market has witnessed robust growth, with its size increasing from $1.76 billion in 2023 to $1.92 billion in 2024, boasting a compound annual growth rate (CAGR) of 9.1%. This expansion is primarily driven by factors such as aging infrastructure, the rising use of composite materials, and the implementation of cost-effective repair solutions meeting stringent regulatory standards while promoting environmental sustainability. Looking ahead, the market is poised for continued strong growth, projected to reach $2.62 billion in 2028, with a CAGR of 8.0%. Anticipated drivers of this growth include the expanding application areas for composites, a focus on infrastructure resilience, the demand for lightweight structures, and the adoption of preventive maintenance practices. Key trends expected in the forecast period include the integration of automation and robotics, the development of sustainable composite repair solutions, increased application in oil and gas pipelines, the utilization of composite wraps for structural reinforcement, and the implementation of training and certification programs.