Research and Markets: European Construction Composites Market Opportunities to 2026 - Leading Players Include Arkema, Mitsubishi Chemical, BASF, Reichhold, and Koninklijke DSM Among Others - ResearchAndMarkets.com
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The European construction composites market is anticipated to showcase a considerable growth rate during the forecast period.
The growing demand for construction composites from several European countries including the UK, France, Germany, and Spain for various construction applications is a key factor driving the regional market growth. In Europe, Germany is known to be the major manufacturer of construction composites.
According to the Budget 2020 introduced in March 2020, by the end of the parliament, public sector net investment will be triple the average over the last 40 years in real terms. In total, around $816.6 billion of gross capital investment will be provided for roads, railways, communications, schools, hospitals, and power networks across the UK by 2024-25. Considerable investment in the construction sector is expected to augment the demand for construction composites.