Market revenue in 2023 | USD 1.1 million |
Market revenue in 2030 | USD 1.7 million |
Growth rate | 6.7% (CAGR from 2023 to 2030) |
Largest segment | Fiber-reinforced polymer (frp) |
Fastest growing segment | Fiber-Reinforced Polymer (FRP) |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Fiber-Reinforced Polymer (FRP), Fabric-Reinforced Cementitious Matrix (FRCM) |
Key market players worldwide | Simpson Strong-Tie Company |
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 72.73% in 2023. Horizon Databook has segmented the Ireland composite strengthening systems market based on fiber-reinforced polymer (frp), fabric-reinforced cementitious matrix (frcm) covering the revenue growth of each sub-segment from 2018 to 2030.
The growing awareness regarding the benefits of composite strengthening systems is expected to increase the market demand to reach USD 1.2 million by 2030.
While traditional methods like steel and reinforcements dominate the construction repair sectors, the rising demand for more sustainable construction material is expected to further boost the product demand.
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