Report ID: SQMIG15F2173
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.
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Report ID: SQMIG15F2173