Market Forecast By Fiber Type (Carbon, Natural Fiber), By Resin Type (Polyester, Vinyl Ester, Polyethylene , Polypropylene), By Application (Industrial, Commercial, Housing , Civil) And Competitive Landscape
Product Code: ETC4501716 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Report Name | Australia Construction Composites Market |
Forecast period | 2025-2031 |
CAGR | 5.6% |
Growing Sector | Commercial |
The Australia Construction Composites Market report thoroughly covers the market by fiber type, by resin type, and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Construction Composites Market has accomplished major success and is projected to attain more in the coming years on the back of the strong economy, properties of composites, and a growing population. Additionally, the introduction of innovative composite materials, characterized by their lightweight nature and superior durability, is revolutionizing the Australian construction industry. These materials not only contribute to the structural integrity of buildings but also offer cost-efficiency in the long run. Furthermore, the integration of digital technologies such as 3D printing with composite materials is opening new avenues for customized construction solutions, paving the way for sophisticated architectural designs and faster construction processes.
According to 6Wresearch, the Australia Construction Composites Market size is expected to grow at a significant CAGR of 5.6% during the forecast period 2025-2031. One of the major drivers for this growth is the increasing focus on sustainable and eco-friendly construction practices. Composites are light, durable, and recyclable, and hence, are an ideal choice for green building projects. Moreover, the flexibility of composites gives them design freedom, making them a popular choice for architects. These materials offer a high strength-to-weight ratio, corrosion resistance, and thermal insulation properties, making them suitable for a wide range of applications such as bridges, facades, and infrastructure. Hence, the use of composites in the construction industry has risen. The increasing demand for affordable housing and sustainable building solutions has led to the adoption of composites in residential projects. The Australia Construction Composites Market growth id surging with some emerging trends. A prominent trend is the increasing adoption of sustainable and eco-friendly materials in construction projects. With growing environmental awareness and stringent governmental regulations on carbon emissions, builders and contractors are steadily moving towards construction composites that offer enhanced energy efficiency and lower environmental impact.
Some of the key players in the Australia Construction Composites Market include names Vixen Composites, Boral Limited, CSR Limited, and Fletcher Building Limited. Composites Australia, the industry association, works with government bodies and industry stakeholders to promote the use of composites in construction and provides support to its members through networking opportunities, technical resources, and market insights.
The government has taken several initiatives to boost the Australia Construction Composites market. One such initiative is the Green Building Council of Australia has developed a rating system that awards points to buildings using sustainable materials, including composites. In addition to this, the Australian government has also implemented the National Energy Efficient Building Project (NEEBP), which aims to reduce energy consumption in buildings through the use of innovative materials and technologies. This project has led to an increased demand for construction composites, as these materials offer better thermal insulation and require less energy during production.
The Australia Construction Composites industry is witnessing significant growth in the future due to several factors such as increased demand for sustainable and innovative building, rising urbanization, and government support. As the construction industry continues to evolve and prioritize sustainability, it is likely that the demand for the composites will increase in the future. With proper research, development, and certification processes in place, construction composites have the potential to revolutionize the way we build and create a more sustainable future for Australia's construction sector.
According to Ravi Bhandari, Research Head, 6Wresearch, the carbon fiber segment dominated this industry. The segment will grow in the coming years due to their superior strength, stiffness, and lightweight properties. They are commonly used in reinforced concrete structures, providing added strength and durability.
In the resin type, the polyester segment dominated this industry. The segment will grow in the coming years due to its cost-effective and provide high mechanical strength, making them suitable for structural applications. They are also resistant to water, chemicals, and weathering, making them ideal for outdoor construction projects.
Based on the application, the commercial application segment is dominating the Australia construction composites market share. This is largely attributed to the country's ongoing commercial infrastructure development, driven by the expanding urbanization and the booming tourism sector. The demand for durable and energy-efficient materials in the construction of office buildings, shopping centers, hotels, and resorts has significantly increased.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Construction Composites Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Construction Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Construction Composites Market - Industry Life Cycle |
3.4 Australia Construction Composites Market - Porter's Five Forces |
3.5 Australia Construction Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Australia Construction Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Australia Construction Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Construction Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Construction Composites Market Trends |
6 Australia Construction Composites Market, By Types |
6.1 Australia Construction Composites Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Construction Composites Market Revenues & Volume, By Fiber Type, 2021-2031F |
6.1.3 Australia Construction Composites Market Revenues & Volume, By Carbon, 2021-2031F |
6.1.4 Australia Construction Composites Market Revenues & Volume, By Natural Fiber, 2021-2031F |
6.2 Australia Construction Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Construction Composites Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.3 Australia Construction Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.2.4 Australia Construction Composites Market Revenues & Volume, By Polyethylene , 2021-2031F |
6.2.5 Australia Construction Composites Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.3 Australia Construction Composites Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Australia Construction Composites Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 Australia Construction Composites Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Australia Construction Composites Market Revenues & Volume, By Housing , 2021-2031F |
6.3.5 Australia Construction Composites Market Revenues & Volume, By Civil, 2021-2031F |
7 Australia Construction Composites Market Import-Export Trade Statistics |
7.1 Australia Construction Composites Market Export to Major Countries |
7.2 Australia Construction Composites Market Imports from Major Countries |
8 Australia Construction Composites Market Key Performance Indicators |
9 Australia Construction Composites Market - Opportunity Assessment |
9.1 Australia Construction Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Australia Construction Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Australia Construction Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Construction Composites Market - Competitive Landscape |
10.1 Australia Construction Composites Market Revenue Share, By Companies, 2024 |
10.2 Australia Construction Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |