What Has Been The Evolution of the Composites Repair And Rehab Market in Recent Years?
The composites repair and rehab market has seen considerable growth due to a variety of factors.
•The market size for composites repair and rehabilitation has seen a robust expansion in past years. The market will experience growth from $1.91 billion in 2024 and expand to $2.07 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%.
The previously observed growth can be credited to factors such as aging infrastructures, increased employment of composite materials, affordable repair solutions, strict regulatory requirements, and focus on environmental sustainability.
What Is the Forecasted Market Size and Growth Rate for The Composites Repair And Rehab Market?
The composites repair and rehab market is expected to maintain its strong growth trajectory in upcoming years.
• Forecasted robust growth will see the composites repair and rehabilitation market reach a value of $2.9 billion by 2029, with an impressive 8.7% CAGR.
The predicted surge in the coming years can be traced back to an expansion in composite utilization areas, an emphasis on enhancing infrastructure durability, a rising demand for light-weight structures, and well-executed preventative maintenance initiative. Going forward, significant trends include the inclusion of automation and robotics, the creation of ecologically friendly composite repair solutions, growing use in oil and gas conduits, application of composite wraps for structural bolstering, and the implementation of training and certification courses.
What Factors Are Driving Growth In The Composites Repair And Rehab Market?
The booming automobile industry is anticipated to fuel the progress of the composite repair and rehab market in the future. The auto industry encompasses the production and distribution of vehicles that are self-powered, including cars, trucks, agricultural equipment, and other commercial vehicles. Composite repair and rehab services provide vehicle weight reduction, amplified strength, exceptional physical features for cars, and superior mechanical resistance when compared to traditional materials. For example, a report from the Japan-based advertising company, Marklines, stated that in December 2023, light vehicle seasonally adjusted annualized sales (SAAR) escalated to 16.08 million units. This was a substantial rise from the 13.77 million units sold in December 2022. Alongside, the total sales for the entire year of 2023 summed up to 15,608,386 units, marking a 12.3% surge compared to the conclusion of 2022. Accordingly, the swift development of the automotive industry is propelling the composite repair and rehab market.
What Are The Main Segments Of The Global Composites Repair And Rehab Market?
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
Pre-Book The Composites Repair And Rehab Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Composites Repair And Rehab Market?
The primary trend making waves in the composite repair and rehab market is product innovation. The significant companies in this market are focusing on creating groundbreaking products to bolster their market hold. As an example, Engineered Composite Solutions Limited, a Scotland-based firm specialized in developing and providing composite repair systems, unveiled FutureWrap Bio in May 2022. This novel repair system, made up of 70% plant oil, is considered the first of its kind due to its epoxy structure primarily consisting of 70% plant-based oil, making it more environment-friendly compared to current composite repair alternatives.
Who Are the Key Players 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
What Is The Most Dominant Region 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
