Construction Fabric Market Revenue Analysis by Size, Share, Demand & Growth of 2034
The global construction fabric market is estimated to be valued at US$ 12.0 billion in 2024. Global sales of construction fabrics are projected to grow at a steady CAGR of 4.1% during the forecast period, totaling US$ 18.0 billion by 2034.
Demand is predicted to remain high for needle-punched
nonwovens during the forecast period, rising at a CAGR of 3.9%. This
can be attributed to the rising adoption of needle-punched nonwoven fabrics in
applications like tensile structures and canopies due to their high strength,
durability, and low cost.
Multiple factors are anticipated to boost the growth
of the construction fabric market during the assessment period. These include:
- Expanding
building and construction activities
- Growing
demand for sustainable and green building materials
- Increasing
need for lightweight and portable structures
- Rising
focus on enhancing building aesthetics and design
- Rapid
urbanization, coupled with the booming residential sector
Construction fabrics are becoming quite popular in the
building and construction sector. This is due to their lightweight, low-cost,
and eco-friendly features. They are increasingly used in a wide range of
applications, including tensile structures and canopies, thereby fueling their
demand.
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Rapid population growth and urbanization are
attracting investments in residential and commercial sectors. This, in turn, is
expected to create a conducive environment for the expansion of the global
construction fabric industry during the forecast period.
Construction fabrics are widely used to create
different structures, such as convention centers, stadiums, and airports.
Similarly, they find applications in infrastructure projects like tunnels and
bridges, fueling their sales globally.
Rising demand for sustainable building materials is
emerging as a key market-shaping trend. Construction fabrics are often seen as
a more sustainable option than traditional building materials like steel and
concrete, as they can be made from recycled materials or natural fibers.
Key Takeaways from the Report:
- The
global market for construction fabrics is set to expand at a
4.1% CAGR through 2034.
- Based
on type, the needle-punched nonwoven segment is poised to exhibit a CAGR
of 3.9% from 2024 to 2034.
- By
material, the PVC segment is expected to grow at a CAGR
of 3.7% through 2034.
- The
United States market revenue is predicted to total US$ 3.2 billion in
2034.
- Demand
in South Korea will likely increase at 5.0% CAGR through 2034.
- Japan
is anticipated to register a CAGR of 5.3% between 2024 and 2034.
- Construction
fabric sales in China are projected to total US$ 2.8 billion by
2034.
"The global construction fabric
industry is witnessing a shift towards bio-based material, with key players
focusing on using natural fibers like cotton for making construction fabrics.
This shift towards eco-friendly solutions will likely play a key role in
fostering market growth during the next ten years,”
says Nikhil Kaitwade, Associate Vice President at Future Market Insights
(FMI).
Competitive Landscape:
Key Companies Profiled
- Saint-Gobain
- Sioen
Industries NV
- Low
& Bonar
- Sattler
AG
- Koninklijke
Ten Cate
- Fibertex
Nonwovens A/S
- Serge
Ferrari
- HIRAOKA
& CO.
- ENDUTEX
COATED TECHNICAL TEXTILES
- Seaman
Corporation
- Stylepark
AG
Key construction fabric manufacturers are creating new
fabrics with improved features to cater to the evolving needs of the building
& construction industry. They also implement strategies like distribution
agreements, collaborations, acquisitions, partnerships, and mergers to solidify
their market positions.
Recent Developments:
- In
June 2023, Saint-Gobain announced the acquisition of Building
Products of Canada Corp. to strengthen its leadership in the light and
sustainable construction segment.
- In
October 2022, Seaman Corporation and Dupont unveiled a
new Shelter-Rite High Light Transmission architectural fabric.
Construction Fabric Market Outlook by
Category:
By Type:
- Needle
Punched Nonwoven
- Woven
Monofilament
- Woven
Slit
By Material:
- PVC
- PE
- PP
- PTFE
- ETFE
By Application:
- Tensile
Architecture
- Awnings
& Canopies
- Facades
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified,
recipient of the Stevie Award, and a member of the Greater New York Chamber of
Commerce) offers profound insights into the driving factors that are boosting
demand in the market. FMI stands as the leading global provider of market
intelligence, advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals
markets. With a vast team of over 5,000 analysts worldwide, FMI provides
global, regional, and local expertise on diverse domains and industry trends
across more than 110 countries.
Contact
Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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