The construction fabrics market is set to attain a valuation of USD 2.84 Billion by 2026, registering a CAGR of 9.0%.
New York, NY -- (SBWIRE) -- 01/14/2021 -- The construction fabrics market is set to attain a valuation of USD 2.84 Billion by 2026, registering a CAGR of 9.0%. Construction fabrics are polymer coated, durable, high performance and resilient architectural membrane materials. The applications of construction fabrics are widespread in several industries including tensile architecture, scaffoldings nets, canopies, facades, awnings and hoardings and signages.
Increasing urbanization, rapid industrialization, increase in the growth of the construction industry across the globe are key factors contributing to high CAGR of Construction Fabrics during forecast period.
Key players in the construction fabrics market include Sioen Industries NV, Hiraoka & Co. Ltd, Endutex Coated Technical Textiles, Hightex Gmbh, Low & Bonar, Sattler AG, Taiyo Kogyo Corporation, Serge Ferrari, and Saint-Gobain.Market Drivers
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The major driving force for the development of the construction fabrics market is the rapid industrialization, increasing urbanization, and rise in the growth of the construction sector globally. In addition to this, the number of constructional activities, refurbishments, and renovations has been increased due to changing lifestyles of people. Also, the fast progressing service industries is one of the prime factors driving the market. The construction of eco-cities with green roofs has led to massive growth resulting in innovations in the construction sector.
Type (Revenue, USD Million; 2016–2026)
Needle punched nonwoven
Material (Revenue, USD Million; 2016–2026)
Applications (Revenue, USD Million; 2016–2026)
Hoardings and signages
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According to the report, Asia Pacific is expected to dominate the construction fabrics market accounting for 32.8% of the total market share. This is due to the rapid urbanization and industrialization in the emerging economics such as India, and China. Most of the Latin American and African countries are struggling in the market due to underdevelopment and maximum rural population.
The report covers the following regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Scope of the Construction Fabrics Market Report:
The report offers an extensive assessment of the growth rate and the market size based on the dynamics of the industry and the factors influencing the growth of the market. The report is formulated through authentic sources and verified and validated by industry experts. The report has been formulated through extensive primary and secondary research. It also covers the evaluation of market and competitive landscape along with SWOT analysis and Porter's Five Forces analysis of the leading companies.
Moreover, the report offers an accurate forecast estimation through a thorough analysis of the historical data (2017-2018) while considering 2019 as the base year. The data offers a panoramic view of the market, assisting the readers to gain valuable insights into the Construction Fabrics market. To impart better understanding of the market, the key statistical data is organized into pictorial representations such as charts, graphs, tables, diagrams, and figures.
Key Questions Addressed in the Report:
Who are the prominent players of the Construction Fabrics market?
What is the expected growth rate of the Construction Fabrics market for the forecast timeline?
What are the recent mergers and acquisitions the industry has witnessed?
What are the key factors likely to drive or impede the growth of the market over the projected timeline?
What regions and segments are anticipated to show promising growth over the coming years?
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