Whether it is a new construction project or the renovation work for an existing building, design professionals, and top construction companies are striving to reduce the cycle time and lower the cost from the start to the completion of the project. This works well for the global construction composites industry, that produces materials that are sustainable, cost effective, eco-friendly and help in building robust structures.
With the prime objective to improve the product’s performance when compared to traditional building materials, the composites are gaining wide popularity in the construction sector. These composites are lightweight, durable, and offer flexibility to engineers, designers, and architects, to help them bring out revolutionary designs that are not constrained by material limitations.
What are challenges faced by the composites industry?
Although the construction sector offers a multitude of opportunities for composites, the penetration of the latter is still comparatively low in this sector. The principal reason for this is the high initial cost pertaining to raw materials. Fiber, resin, consumable materials as well as the labor and machine costs are the four high priced components associated with construction composites. While high cost is the bigger point of concern, the industry also faces stiff competition from low priced substitutes including timber, steel, and concrete.
Superior construction friendly properties helping to win over challenges
Composites can converge upon a number of design necessities posed by architects and engineers, which are easily supported by the high strength-to-weight ratio and significant weight savings when compared with conventional building materials. Out of several properties, these are some of the essential benefits of composites in the construction sector:
- The tensile strength of composites is far superior to steel and aluminum.
- The composite structures bring down the construction’s weight by 30%-40% as compared to the same structure designed with aluminum.
- Composites can replace an entire assembly of metal parts which helps to reduce the number of parts in a structure, lifetime maintenance costs and time.
- The impact strength of composites is very high such that it can absorb the impact of the sudden force of a bullet or an explosion.
Strategize better with comprehensive market insights
Pricing and performance are the crucial factors for the vendors in the global construction composites market. Successful and long-term incumbency can be achieved with comprehensive market research on lucrative facets of the global construction composites industry.
Market research as compiled by industry experts at Technavio help vendors take stock of the challenges and strategize an effective and productive business approach. The aforementioned report can be sourced for FREE from the links provided herein.
