The construction fabrics industry was valued at $ 1.52 billion in 2020 and is expected to reach $ 2.03 billion in 2025, with a compound annual rate of 9.5% from 2020 to 2025. Construction fabrics are technical textiles Polymeric coatings which find wide applications in traction architecture in the construction industry. Building fabrics are also called architectural membranes.Building fabrics are tough, durable, polymer-coated, high-performance architectural membrane materials. They have self-cleaning properties, as well as resistance, elasticity, lightness, resistance to chemicals and inclement weather. They are made of a high-strength inner fabric or mesh to which a protective polymer layer is applied on both sides. This helps resist moisture, heat, air transfer, and protects the fabric from mechanical and chemical damage.
Market drivers and restraints:
With rapidly growing urbanization and industrialization, there is an increase in construction activity around the world. It is a key factor in the broad expansion of the worldwide construction fabrics industry. This large-scale expansion in the construction industry, both in the residential and commercial sectors, has led to positive expansion in the need for lucrative aesthetics in structures under construction. The escalating call to satisfy this aesthetic in the form of awnings, facades, flexible architecture and canopies is also driving progress in the worldwide industry for construction fabrics. Also, with many construction companies investing huge investments to improve their services and processes, the industry is expected to see spectacular expansion. Finally, escalating the production capacity of materials needed for the manufacture of fabrics in local factories is also giving a considerable boost to the expansion of the construction fabrics industry. The worldwide industry for construction fabrics is driven primarily by the growing construction industry around the world, due to rapid urbanization and industrialization, particularly in Asia Pacific. High disposable income and the changing lifestyle trend of consumers has resulted in an increase in the number of new home construction activities, as well as home renovations, upgrades and renovations. These construction textiles are employed for various applications such as waterproofing, soil stabilization, construction of paved and unpaved roads, green roofs and others. In addition, the growing call for commercial spaces due to the expansion of service industries such as information technology and telecommunications and banking, financial services and insurance is causing an increase in construction, which, in turn, stimulates the expansion of worldwide construction tissues. industry.
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Report segmented as:
Awnings & canopies
Outside of North America, the prevalence of green building initiatives to minimize damage to the environment when building structures in Europe makes this region second on the industry. However, a rapidly growing population in major Asia-Pacific economies, such as China, India, Malaysia and others, is allowing more construction companies to establish themselves in the region. Consequently, this has escalated the call for construction fabrics needed for different purposes. North America accounted for the second largest industry share in 2020 due to strong call for construction fabrics from the growing sustainable construction business in the region. The European industry is mainly driven by the call for robust infrastructure development in Western Europe. The Latin American industry is expected to experience tremendous expansion due to the expansion of the construction industries in Brazil and Argentina. The industry in the Middle East and Africa is also likely to grow due to the presence of infrastructure centers in the region.
Important market players:
Some of the key players operating in the construction fabrics market are Sioen Industries NV (Belgium), Low & Bonar (UK), Sattler AG (Austria), Taiyo Kogyo Corporation (Japan), Serge Ferrari (France), Saint-Gobain (France), Hiraoka & Co. Ltd. (Japan), Endutex Coated Technical Textiles (Portugal), VERSEIDAG-INDUTEX GmbH (Germany), and Hightex GmbH (Germany).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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