According to a new report published by Allied Market Research, titled, “Construction Fabrics Market,” The construction fabrics market was valued at $10.6 billion in 2021, and is estimated to reach $15.6 billion by 2031, growing at a CAGR of 4.0% from 2022 to 2031.
Increased demand for energy-efficient buildings is driving the demand for construction fabrics. Governments across the globe are emphasizing resource conservation and energy efficiency, which will further drive the demand for construction fabrics fueled by the market. The functional benefits of tensile architecture and increasing demand from developing regions will provide lucrative opportunities for the construction fabrics market. However, the availability of substitutes will hinder market growth.
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Construction fabrics are a type of technical textile with a polymer coating that is widely used in the building and construction sector. The architectural membrane is another name for construction material. Construction fabrics are long-lasting, attractive, and energy-efficient products that give architects and design engineers more freedom to express their architectural ideas.
The demand for canopies is predicted to rise throughout the forecast period as they become more prevalent in both residential and non-residential structures. This will in turn promote market expansion. Over the course of the forecast period, the demand for canopies is projected to increase due to the rapid growth of the residential sector in the economies of North America and Europe and the rising popularity of indoor-outdoor living. Additionally, the market is projected to develop due to the emerging need for more expansive living space and aesthetic benefits provided by canopies.
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People who are more focused on building and construction designs have more sunlight, greener, high-performance, cost-saving, and eco-sustainable structures. Textiles are essential in meeting these needs. Textiles are used in a variety of building and construction-related applications, including geotextiles, architectural textiles, construction textiles, eco textiles, green roofs, and innovative 3D printing technology. Buildtech or Buildtex are terms used to describe textiles used in construction and buildings. Textile materials are utilized indoors and outdoors for uses both visible and hidden. Traditionally, rugs and curtains were made of fabrics. But nowadays, textiles are utilized for thermal and acoustic insulation, as well as for structure protection from the sun, wind, fire, and water.
Key Finding Of The Study:
- On the basis of type, the non-woven segment has garnered the highest share i.e., 44.9%, and is expected to grow at a CAGR of 4.1%, in terms of revenue, during the forecast period.
- Depending on the material, the polyester segment is expected to grow at a CAGR of 4.0% and is expected to garner 24.9% of the market share in terms of revenue, during the forecast period.
- Depending on the application, the awnings and canopies are expected to grow at a CAGR of 3.8% and are expected to garner 50.7% of the market share in terms of revenue, during the forecast period.
- By region, Asia-Pacific dominated the market with the highest revenue shares in 2021.
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The major players operating in the Construction Fabrics Market:
- ENDUTEX COATED TECHNICAL TEXTILES
- EREZ Thermoplastic Products
- Freudenberg SE
- HIRAOKA & Co. Ltd
- Saint Gobain
- Sattler AG
- seaman corporation
- Serge Ferrari Group
- Sioen Industries NV
- TAIYO KOGYO CORPORATION
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