Portugal Composite Strengthening Systems Market Size & Outlook
Related Markets
Portugal composite strengthening systems market highlights
- The Portugal composite strengthening systems market generated a revenue of USD 0.5 million in 2023 and is expected to reach USD 0.7 million by 2030.
- The Portugal market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, fiber-reinforced polymer (frp) was the largest revenue generating product in 2023.
- Fiber-Reinforced Polymer (FRP) is the most lucrative product segment registering the fastest growth during the forecast period.
Composite strengthening systems market data book summary
| Market revenue in 2023 | USD 0.5 million |
| Market revenue in 2030 | USD 0.7 million |
| Growth rate | 5.6% (CAGR from 2024 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 |
Other key industry trends
- In terms of revenue, Portugal accounted for 0.3% of the global composite strengthening systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany composite strengthening systems market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10.5 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 80% in 2023. Horizon Databook has segmented the Portugal 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.
In 2020, Instituição Financeira de Desenvolvimento (IFD) and European Investment Bank (EIB) had invested USD 433.2 million upgrading infrastructure for long-term and elderly care across Portugal.
This development projects involved approximately 150 buildings. The introduction of such projects across Portugal is expected to boost the demand composite strengthening systems.
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Composite Strengthening Systems Market 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 |
Portugal composite strengthening systems market size, by product, 2018-2030 (US$M)
Portugal Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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