Market Insights
“The carbon fiber construction repair market size was valued at US$117.0 million in 2024 and is likely to grow at a CAGR of 10.2% in the long run to reach US$230.9 million in 2031.”
Market Dynamics
Introduction
Carbon fiber construction repair involves using carbon fiber reinforced polymer (CFRP) systems to strengthen and rehabilitate structures such as bridges, buildings, and marine assets. CFRP fabrics, plates, or rebars bonded to substrates enhance flexural, shear, and confinement capacity with minimal added weight.
Market Drivers-
- Aging Infrastructure: Governments and private owners face escalating maintenance backlogs, making CFRP attractive for extending service life without major reconstruction.
- Seismic and Climate Resilience: CFRP retrofits enhance safety and structural stability against earthquakes, wind, and extreme climate events.
- Faster Installation: Lightweight systems reduce downtime and accelerate repair schedules compared to steel plating or concrete enlargement.
- Sustainability Focus: CFRP extends asset longevity while lowering embodied carbon versus conventional strengthening materials.
Recent Market JVs and Acquisitions:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In 2023, FOSROC Inc. established a joint venture with Chemtech, a leading construction chemicals manufacturer in Egypt.
- In 2023, Mitsubishi Chemical Group acquired CPC SRL to strengthen its carbon-fiber composite capabilities in the automotive industry.
- In 2023, Henkel expanded its MRO (maintenance, repair, and overhaul) composite portfolio by acquiring Critica, a U.S.-based supplier of composite wrap and reinforcement solutions for critical infrastructure such as oil & gas and water supply systems.
- In 2020, Mitsubishi Chemical Advanced Materials acquired CFK and carboNXT to expand carbon-fiber recycling capacity in Europe.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Product-Type Analysis
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Rebar, Fabric, Plate, and Others
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Rebar is expected to sustain its dominance in the coming years, but Fabric is expected to grow faster.
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Application-Type Analysis
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Residential & Commercial buildings, Infrastructure, and Industrial
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Infrastructure is anticipated to lead the application type throughout the forecast.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to hold the largest market share over the years.
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By Product Type
“The rebar segment is projected to remain the dominant product type in the market throughout the forecast period.”
The Carbon Fiber Construction Repair Market is segmented into Rebar, Fabric, Plate, and Others. Among these, the rebar segment commands the largest share. Rebar, short for reinforcing bar, refers to steel bars or meshes of steel wires used in construction to enhance the strength of concrete and masonry structures. It plays a critical role in holding concrete under compression, thereby improving the overall durability and stability of buildings and infrastructure.
By Application Type
“The infrastructure segment is anticipated to remain the leading application type in the market during the forecast period.”
The market is categorized into Residential & Commercial Buildings, Infrastructure, and Industrial. Infrastructure represents the largest application area and is expected to see significant growth over the coming years. While carbon fiber repair solutions are increasingly adopted in residential and commercial buildings, their widespread use in infrastructure projects underscores their importance in addressing large-scale structural challenges.
Regional Analysis
“North America is expected to continue leading the Carbon Fiber Construction Repair Market during the forecast period.”
The region’s dominance of North America is supported by substantial initiatives aimed at renewing aging infrastructure and encouraging sustainable construction practices. These factors are fostering a favorable environment for the adoption and growth of carbon fiber repair solutions across North America.
Key Players
The market is highly fragmented, with over 100 players. Most of the major players compete in some of the governing factors, including price, service offerings, and regional presence, etc. The following are the key players in the Carbon Fiber Construction Repair Market. Some of the major players provide a complete range of services, including products.
Here is the list of the Top Players (Based on Alphabetical order)
- Fosroc International Ltd.
- Mapei SpA
- Master Builders Solutions Deutschland GmbH
- Mitsubishi Chemical Corporation
- Sika AG
- Simpson Strong-Tie Company Inc.
- Sireg Geotech S.r.l.
- Toray Industries, Inc.
- Chomarat Group (often referred to as Chomarat Textiles Industries)
- Critica Infrastructure LLC
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The Carbon Fiber Construction Repair Market is segmented into the following categories.
Carbon Fiber Construction Repair Market, by Product Type
- Rebar (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
- Fabric (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
- Plate (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Carbon Fiber Construction Repair Market, by Application Type
- Residential & Commercial buildings (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
- Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Carbon Fiber Construction Repair Market, by Region
- North America (Country Analysis: The USA, Canada, Mexico, and Rest of North America)
- Europe (Country Analysis: Germany, France, The UK, Italy, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, The UAE, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Carbon Fiber Construction Repair Market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 20 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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