Switzerland Composite Strengthening Systems Market Size & Outlook
Switzerland composite strengthening systems market, 2018-2030 (US$M)
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Switzerland composite strengthening systems market highlights
- The Switzerland composite strengthening systems market generated a revenue of USD 1.4 million in 2023 and is expected to reach USD 2.0 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 5.1% 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 1.4 million |
| Market revenue in 2030 | USD 2.0 million |
| Growth rate | 5.1% (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 |
Other key industry trends
- In terms of revenue, Switzerland accounted for 0.9% 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.
- UK is the fastest growing regional market in Europe and is projected to reach USD 9.9 million by 2030.
Fiber-reinforced polymer (frp) was the largest segment with a revenue share of 71.43% in 2023. Horizon Databook has segmented the Switzerland 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.
Switzerland government is promoting the use of sustainable building materials that are biodegradable, recyclable, and renewable.
Composite strengthening materials reduce the need to demolish the buildings which helps to lower the embodied carbon emissions.
However, Switzerland government need to standardize guidelines and specifications related to the production and use of composite strengthening systems to ensure the quality and safe application of the product in the country.
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Composite Strengthening Systems Market Scope
Composite Strengthening Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Switzerland composite strengthening systems market size, by product, 2018-2030 (US$M)
Switzerland Composite Strengthening Systems Market Outlook Share, 2023 & 2030 (US$M)
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