Construction Fabrics Market to Reach CAGR of 9.0% – Forecast 2023

in #constructionfabrics6 years ago

According to the new market research report [100 pages] "Construction Fabrics Market by Type (PVC, PTFE, ETFE), Application (Tensile Architecture, Awnings & Canopies, Facades), and Region (Europe, North America, APAC, Middle East & Africaand South America) - Global Forecast to 2023" published by MarketsandMarkets™, the Construction Fabrics Market is projected to grow from USD 1.47 billion in 2018 to USD 2.26 billion by 2023, at a CAGR of 9%. The growth of the Construction Fabrics Market can be attributed to the increased demand for construction fabrics in tensile architecture, awnings & canopies, and facades applications across the globe. Construction fabrics are polymer coated, high-performance, durable, and resilient architectural membrane materials which are finding increased usage in the building and construction Industry. These fabrics exhibit self-cleaning characteristics and are resistant to harsh weather conditions. Construction fabrics are made of high strength inner fabric or mesh onto which a protective polymer coating is applied on both the sides. This helps in resisting moisture, heat, and air transfer and safeguard the fabric from mechanical and chemical damage. Construction fabrics help achieve lightweight and futuristic design in architectural applications.

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Target audiences for the construction fabrics market report are as follows:

  • Producers of construction fabrics
  • Suppliers of construction fabrics
  • Designers
  • Architects
  • Distributors
  • Service providers
  • Construction end users
  • Government bodies

Construction fabrics are polymer coated high performance, extra durable, and resilient architectural membrane materials which are finding increased use in the building and construction Industry. They are also heat-proof, possess long-term UV-resistance, and have an exceptionally long service life. These polymer coated construction fabrics are made of high strength inner fabric or mesh onto which a protective polymer coating is applied on both the sides. This helps in resisting moisture, heat, and air transfer, which safeguards the fabric from mechanical and chemical damage.

On the basis of type, the market is segmented into PTFE, PVC, ETFE, and others. The PVC segment accounts for the largest share of the overall construction fabrics market. As PVC coated fabrics exhibit great efficiency and are low-cost, it is widely used as construction fabric in the building & construction industry. ETFE construction fabric is projected to witness the highest CAGR between 2018 and 2023. ETFE fabric has the ability to self-clean due to its non-stick surface. It is 100% recyclable, which makes it a preferred choice in façade applications. Moreover, ETFE fabrics are cost-effective and are considered to be an effective alternative to glass. They are used extensively in building & construction applications. Tensile architecture was the largest application of construction fabrics in 2017 and is expected to remain so during the forecast period. Tensile architecture is a tensioned membrane structure which involves the use of membranes, tensioned cables, and steel structures. Tensile architecture offers ease of pre-fabrication, ability to cover large spans, and flexibility. The growing usage of construction fabrics in tensile architecture is owed to the increased construction of sports centers, arenas, and commercial and industrial spaces.

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). Competition among these players is high, and they mostly compete with each other on prices and quality of their products, after sale services, and customization of products.

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