USD 3.97 billion
Report ID:
SQMIG15F2173 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
67
Global construction fabrics market size was valued at USD 3.97 billion in 2022 and is poised to grow from USD 4.28 billion in 2023 to USD 7.8 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).
Geotextiles utilized in the construction industry are generally known as construction fabrics. The rapidly expanding construction activity around the world is projected to be the key factor driving demand for construction fabrics. construction fabrics are used in construction to add flexibility to the infrastructure while maintaining structural integrity and providing a good aesthetic look as well. Resistance to harsh weather conditions and the self-cleaning abilities of construction fabrics are making them a mainstay for multiple construction applications. These fabrics mostly feature a polymer coating on both sides to improve their durability and strength, while also safeguarding from mechanical damage as well. Increasing house remodeling activity, rising disposable income, and changing the standard of living of people around the world are other prospects that could favor the adoption of construction fabrics going forward.
On the contrary, fluctuations in the pricing of raw materials are estimated to hamper construction fabrics market growth in the long run. Robust infrastructure development activity in developing countries such as Japan, China, India, and Brazil are forecasted to create highly attractive growth opportunities for construction fabric suppliers over the coming years. Meanwhile, high focus on sustainability in European countries could also foster new sales of construction fabrics in the long run.
Global Market Size
USD 3.97 billion
Largest Segment
Tensile Architecture
Fastest Growth
Facades
Growth Rate
7.8% CAGR
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The global construction fabrics market is segmented based on material, application, and region. Based on material, the market is bifurcated into PVC, PTFE, ETFE, and others. In terms of application, the market is segmented into tensile architecture, awnings & canopies, and facades. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
PVC material accounts for a notable share of the global construction fabrics marketplace at present. This high market share of PVC material can be attributed to its extremely cost-effective nature, which makes it the most affordable of all types of materials used to make construction fabrics. Construction fabrics made from PVC are suitable for permanent as well as temporary construction applications and this is also a key factor that contributes to its major share in the global marketplace.
Meanwhile, construction fabrics made from ETFE material are projected to witness a robust hike in demand over the coming years. ETFE is emerging as a popular alternative glass as it is extremely lightweight and affordable. ETFE is a popular polymer with a fluorine base. Rising construction of skyscrapers and high-rise buildings that demand lightweight, yet durable glass is slated to benefit growth in this segment.
Analysis by Application
Tensile architecture application is forecasted to account for a prominent share of the global construction fabrics market. Surging demand for prefabricated construction materials around the world is contributing to the high share of this application. Increasing acceptance of tensile structures around the world for different uses is also allowing this segment to hold a prominent share of the global construction fabrics demand outlook. The rising adoption of modern construction techniques is also favoring growth in this segment.
However, construction fabric demand for facades is projected to increase rapidly across the forecast period. The aesthetic appeal of construction fabrics makes them a favorite choice for building facades of different residential and commercial structures. Modernization of infrastructure plays a crucial role in determining the future construction fabric demand for facade applications.
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Europe accounts for a sizable share of the global construction fabrics market. Growing focus on sustainability has promoted the adoption of modern construction practices and is slated to uplift construction fabric sales in this region. Increasing construction activity and rising disposable income are also other factors that could boost market growth in this region. The United Kingdom, France, and Germany are slated to be the prime markets for construction fabric companies in the future.
Meanwhile, the demand for construction fabrics in the Asia Pacific region is slated to increase at a fast pace across the forecast period and beyond. Rapid urbanization and industrialization coupled with changing living standards are estimated to make this region a highly lucrative one for construction fabric suppliers. High investments of different governments in infrastructure development also boost sales of construction fabrics. India and China remain at the forefront of the construction fabrics market growth in this region.
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Drivers
Rising Construction Activity
Restraints
Fluctuations in Raw Material Prices and Availability
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Construction fabric companies are projected to focus on emerging and under-developed economies to maximize their business potential with little effort. Construction fabric suppliers are also targeting developed countries to benefit from the adoption of modern building practices. Construction fabrics market players are also estimated to invest in the R&D of novel fabrics from different materials to maximize their sales. Companies will also focus on incorporating sustainability in their manufacturing and business activities to comply with changing regulations and attract eco-conscious users.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, surging construction activity around the world is slated to primarily augment sales of construction fabrics in the future. High investments in infrastructure development, growing urbanization and industrialization, rising disposable income, and changing standards of living are other key factors that could bolster construction fabrics market growth over the coming years. The rising adoption of sustainable building practices to comply with changing building regulations is also slated to boost demand for construction fabrics going forward. The Asia Pacific region is estimated to emerge as the fastest-growing regional market in the world on the back of thriving industrialization and urbanization. Companies are estimated to invest heavily in R&D to develop new products and maximize their sales potential. Changing living standards of people and adoption of modern lifestyles are slated to create new opportunities for construction fabric providers in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.97 billion |
Market size value in 2031 | USD 7.8 billion |
Growth Rate | 7.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Construction Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Construction Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Construction Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2173
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