The study involves two major activities in estimating the current market size for the carbon fiber construction repair market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering carbon fiber construction repair and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the carbon fiber construction repair market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the carbon fiber construction repair market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from carbon fiber construction repair industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to product type, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using carbon fiber products for construction repair activities were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of carbon fiber products and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
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Market Size Estimation
The research methodology used to estimate the size of the carbon fiber construction repair market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in carbon fiber construction repair in different applications of the construction repair industry at a regional level. Such procurements provide information on the demand aspects of the carbon fiber construction repair industry for each application. For each application, all possible segments of the carbon fiber construction repair market were integrated and mapped.
Carbon Fiber Construction Repair Market Size: Botton Up Approach
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Carbon Fiber Construction Repair Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Carbon fibers are a type of high-performance fiber used in civil engineering. Carbon fiber, also known as graphite fiber or carbon graphite, is made up of very thin strands of the element carbon. These fibers are extremely strong for their size and have a high tensile strength. They have the potential to be the strongest material. Carbon fibers outperform glass fibers in terms of elastic modulus and fatigue strength. When it comes to service life, studies show that carbon fiber reinforced polymers outperform aramid, basalt and glass fibers. They are also highly chemically resistant, have a high temperature tolerance with low thermal expansion, and are resistant to corrosion.
Carbon fiber's high strength, lightweight, and corrosion resistance make it an ideal reinforcing material. Carbon fiber reinforced polymer is used in a variety of structural engineering applications due to its potential construction benefits and cost effectiveness. The most common applications are strengthening structures made of concrete, steel, timber, masonry, and cast iron; retrofitting to increase the load capacity of old structures such as bridges; and enhancing shear strength and flexure in reinforced concrete structures. Other applications include steel replacement, prestressing materials, and strengthening cast-iron beams.
Key Stakeholders
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Construction composites manufacturers
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Carbon fiber manufactures
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Raw material manufacturers
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Universities, governments, and research organizations
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Construction composites associations and industrial bodies
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Research and consulting firms
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R&D institutions
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Environmental support agencies
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Investment banks and private equity firms
Report Objectives
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To define, describe, and forecast the carbon fiber construction repair market size in terms of volume and value
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To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
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To analyze and project the global carbon fiber construction repair market, by product type, application, and region
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To forecast the market size with respect to five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa and analyze the significant region-specific trends
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To strategically analyze the market with respect to individual growth trends, prospects, and contribution of the submarkets to the overall market
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To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
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To analyze recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product development/new product launch, to draw the competitive landscape.
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To strategically profile the key market players and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers following customizations for this market report:
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Additional country-level analysis of the carbon fiber construction repair market
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company's market
Growth opportunities and latent adjacency in Carbon Fiber Construction Repair Market