Press release
Awnings Fabric Market to Witness Robust Expansion by 2023
Awning fabrics are very different from other textiles. They have an advanced set of properties which allow them to withstand annual changes in temperature, along with the other challenges posed by life outdoors, including UV lightening and damage caused by rain or dirt. They are strong enough to resist tearing effectively, even on seams and hems, and stay taut despite being opened and closed thousands of times.
Awnings were once made from canvas. Acrylic was a synthetic alternative which replaced canvas in the early 1960s, while polyester arrived in recent years using environmentally-conscious manufacturing processes. Acrylic looks and feels like canvas, while polyester has a thinner, flatter texture with a matt surface. Polyester’s more recent development meant a high-tech composition, with advantages in terms of strength, light fastness, UVA and UVB projection and nano-coatings. Acrylic has developed and now offers similar properties in these areas. Therefore the main difference is in the texture and feel of the fabric. Synthetic awning fabric is generally made from vinyl, acrylic, polyester, or a combination of any of the three. The way that synthetic fabric is formed and how it is coated, backed, and dyed will all make a difference in how it performances.
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Global Awnings Fabric Market: Forecast by Type / Application / Region
In the past few years from 2012-2017, the global production and consumption developed stably. The global Awnings Fabric market size in terms of production is projected to grow to 24474 K Sqm by 2022 from 18906 K Sqm in 2017 (estimated), with a CAGR 5.30%. At the same time, Asia-Pacific, EU and North America are remarkable in the global Awnings Fabric industry because of their market share and technology status of Awnings Fabric.
In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry.
The price of Awnings Fabric differs from company to company, as there is a great difference among the Awnings Fabric quality from different companies.
Although the market competition of Awnings Fabric is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Awnings Fabric and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, LPI(LP Information) projects that Awnings Fabric will register a 2.4% CAGR in terms of revenue, reach US$ 300 million by 2023, from US$ 260 million in 2017.
Global Awnings Fabric Market: Key Players
Glen Raven, Inc
Recasens USA
Twitchell
Graniteville
TenCate
Marlen Textiles
SunSetter
Herculite
Cooley
Para SpA
Giovanardi GmbH
Schmitz-Werke GmbH
Sunesta
SRF Limited
Sattler
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Related Information:
United States Awnings Fabric Market Research Report 2018
Europe Awnings Fabric Market Research Report 2018
North America Awnings Fabric Market Research Report 2018
Asia-Pacific Awnings Fabric Market Research Report 2018
China Awnings Fabric Market Research Report 2018
EMEA Awnings Fabric Market Research Report 2018
Global Awnings Fabric Market Research Report 2018
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