Lucintel Anticipates Composites in the North American Construction Market to Grow at a CAGR of 8%

Worldwide, November 7, 2014 (Newswire.com) - Composites are used in a variety of applications in the North American construction industry, such as doors and window profiles, rebar, utility poles, bridge decks, grating, cooling towers, bathtubs, swimming pools, and FRP panels. Composite materials offer design flexibility, corrosion resistance, durability, easy installation, and weight reduction, which are ideal for various applications in the construction industry. Recovering US economy and increased housing start and infrastructure spending are expected to drive the demand for composite materials in the building and construction market in the region. Technological advancements along with cost reduction of composite materials will further boost this market.

The composite materials market in the North American construction industry witnessed robust growth in 2012 due to recovery from the recession and the uptrend in key market segments as compared to 2009 and 2010. The composite materials market in the North American construction industry is expected to grow at a CAGR of 8% during 2013-2018.

Lucintel, a growth accelerator firm, has conducted a competitive analysis on the prospects for composites in the North American construction industry by various segments and has come up with a comprehensive research report, “Opportunities for Composites in North American Construction Market 2013-2018.” This report provides an analysis of the composites market in the North American construction industry, including analysis of the market trends, emerging composites applications, and key drivers of industry growth. The study also includes the composites market in the North American construction industry forecasts through 2018, segmented by applications and types of materials as follows:

The composites market in the North American construction industry segmented by applications:

{C}·         Bathtub

{C}·         Doors

{C}·         Windows

{C}·         Rebar

{C}·         Utility Poles

{C}·         Bridge Deck and Column Shutter

{C}·         Grating

{C}·         Cooling Towers

{C}·         Swimming Pools

{C}·         Architectural Applications

{C}·         FRP Panels

{C}·         Others

The composites market in the North American construction industry segmented by types of materials:

{C}·         Glass Fiber

{C}·         Carbon Fiber

{C}·         Polyester Resin

{C}·         Fillers & Others

The composites market in the North American construction industry was also segmented by manufacturing process in 2012:

{C}·         Spray-Up

{C}·         Hand Lay-Up

{C}·         Compression Molding

{C}·         Pultrusion

{C}·         Filament Winding

{C}·         Resin Transfer Molding

{C}·         Vacuum Assisted Resin Transfer Molding

{C}·         Others

This 182-pages research report will enable you to make confident business decisions in the composites market for the North American construction industry. For a detailed table of contents and pricing information on this timely, insightful report, click on this link http://www.lucintel.com/reports/chemical_composites/opportunities_for_composites_in_the_north_american_construction_market_2013-2018_trend__forecast_and_opportunity_analysis_september_2013.aspx  or contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Business Diagnostic and Implementation, Industry / Market Analysis and Business Plan. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategy for growth, whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.