Global Construction Fabrics Market Growing at A CAGR of 7.2% By 2026 | Ozone Market Reports

The global construction fabrics market was valued at USD 1,445.4 million in 2018 and is expected to reach USD 2,569.6 million in 2026, growing at a CAGR of 7.2% during the forecast period.

Construction fabrics are resilient, polymer-coated, durable, and high-performance materials. These are made up of high strength inner fabric coated material which helps in heat, air transfer, resisting moisture, and safeguard the fabric from mechanical and chemical damage. Construction fabrics have self-cleaning properties along with strength, resilience, lightweight, resistance to chemicals and harsh weather conditions.

The growth of the construction fabrics market is primarily driven by growing construction industry across the globe, increasing demand for energy efficiency. The increase in bridge and road construction across the globe is expected to drive the demand for carbon fibers during the forecast period.

Moreover, changing lifestyles of in emerging economies and increased demand for construction fabrics in tensile architecture, awnings & canopies, and facades applications across the globe are expected to create opportunities for the manufacturers in the global market over the forecast period.

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However, volatile prices of raw materials and easy availability of inexpensive substitutes are expected to hamper the growth of the global construction fabrics market in the coming years.The PVC construction fabrics segment expected to dominate the market throughout the forecast period Based on type, the global construction fabrics market has been segmented into PVC, PTFE, ETFE, and others.

The PVC construction fabrics segment accounted for approximately 35% of the share in the global construction fabrics market in 2018.

While PTFE segment accounted highest CAGR of around 10.1% in the global construction fabrics market during the forecast period. PTFE is widely adopted for used for coating non-woven and flexible-woven materials such as woven wire, glass fiber cloth, and aramid fabrics as it offers excellent resistance to fire. Properties such as non-stick, friction-free, and non-brittle are also are expected to enhance the demand and sales for PTFE construction fabrics across the developed and developing countries in the global market.
Based on application, the tensile architecture segment is expected to dominant the market during the forecast period

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Based on application, the market has been segmented into tensile architecture, awnings & canopies, and facades. The tensile architecture segment accounts of the largest share in the global construction fabrics market by application. The major factors that are driving the growth of this segment are the rising applications, ranging from tensile architecture to facades.

The manufacturers Low & Bonar, Sioen Industries NV, and Saint-Gobain are mainly investing in the development of construction fabrics for the tensile architecture application, which expected the lead the market in the coming years.

Asia-Pacific to dominate the construction fabrics market throughout the forecast periodAsia-Pacific accounted for nearly 42% share of the global construction fabrics market in 2018 and is expected to dominate the market throughout the forecast period. The rapid growth in the urbanization and liberalization of foreign direct investment in the construction sector are the major driving factor for the region in the global market.

Moreover, the increasing installation of awnings & canopies and a significant increase in the use of construction fabrics in various applications such as tensile architecture, awnings & canopies, and facades in the global construction fabrics market in future. North America is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in North American countries to meet the demand for construction fabrics. The increase in local manufacturers and suppliers and diversification in the region's construction sector are expected to enhance the market growth in the global construction fabrics market during the forecast.

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The major players operating in the global construction fabrics market are
o Low & Bonar (UK),
o Sioen Industries NV (Belgium),
o Sattler AG (Austria),
o Taiyo Kogyo Corporation (Japan),
o Serge Ferrari (France),
o Saint-Gobain (France),
o Hiraoka & Co. Ltd. (Japan),
o Endutex Coated Technical Textiles (Portugal),
o VERSEIDAG-INDUTEX GmbH (Germany),
o Hightex GmbH (Germany)
o Among others.

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