Global Composite Strengthening Systems Market Size & Outlook
The global composite strengthening systems market size was estimated at USD 161.3 million in 2023 and is projected to reach USD 264.5 million by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
Revenue, 2023 (US$M)
$161.3
Forecast, 2030 (US$M)
$264.5
CAGR, 2024 - 2030
7.6%
Report Coverage
Worldwide
Global composite strengthening systems market, 2018-2030 (US$M)
Related Markets
Global composite strengthening systems market highlights
- The global composite strengthening systems market generated a revenue of USD 161.3 million in 2023 and is expected to reach USD 264.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, fiber-reinforced polymer (frp) accounted for a revenue of USD 124.7 million in 2023.
- Fiber-Reinforced Polymer (FRP) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 161.3 million |
| Market revenue in 2030 | USD 264.5 million |
| Growth rate | 7.6% (CAGR from 2024 to 2030) |
| Largest segment | Fiber-reinforced polymer (frp) |
| Fastest growing segment | Fiber-Reinforced Polymer (FRP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber-Reinforced Polymer (FRP), Fabric-Reinforced Cementitious Matrix (FRCM) |
Other key industry trends
- In terms of revenue, the North America accounted for 26.6% of the global composite strengthening systems market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 46.4 million by 2030.
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Composite Strengthening Systems Market Scope
Composite strengthening systems market segmentation & scope
Composite Strengthening Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Simpson Strong-Tie Company | View profile | 1001-5000 | Pleasanton, California, United States, North America | https://www.strongtie.com |
Global composite strengthening systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Composite strengthening systems market size, 2023 (US$M)
Global composite strengthening systems market share, by product, 2023 & 2030 (%, US$M)
Composite strengthening systems market: Opportunity assessment by country
Global composite strengthening systems market, by region, 2023 (US$M)
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