Lucintel’s latest market report analyzed that composites in European construction provides attractive opportunities in FRP panel and sheets, FRP gratings and decking, FRP doors and windows, FRP rebars, FRP utility poles, FRP bathtub, FRP cooling towers, FRP ladders and ladder rails, FRP swimming pools, and FRP structural shapes applications. The composites in European construction market is expected to reach $3.6 billion by 2028 with a CAGR of 3.3%. In this market, FRP bathtub is the largest segment by application, whereas compression molding is largest by manufacturing process. The shifting of investments from an international to an intercontinental arena and the increasing interest of private equity firms in the construction industry provides strategic growth path in this market.
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Based on application, the composites in European construction market is segmented into FRP panels and sheets, FRP gratings and decking, FRP doors and windows, FRP rebar, FRP utility poles, FRP bathtub, FRP cooling towers, FRP swimming pools, FRP ladder and ladder rails, FRP structural shapes, and others. The FRP bathtubs segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to the increase in the housing construction increase in the demand for luxury factors, and rise in household income.
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The Composites in European Construction Market is marked by the presence of several big and small players. Some of the prominent players offering composites in European construction include Villeroy and Boch, Lamilux, ROCA Group, Exel Composites, IG Doors, Teuco, Brett Martin Daylight Systems, Hill and Smith, Hamon Group-Cooling Systems, Ticomm & Promaco, and FiberCore Europe.
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