Press release
Construction Fabrics Market Growth Accelerates: Strategic Forecast Predicts $7.68 Billion by 2029
Construction Fabrics
What Will the Construction Fabrics Industry Market Size Be by 2025?
The market for construction fabrics has seen robust growth in recent years. It's projected to expand from $5.57 billion in 2024 to $5.9 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The growth observed in the historic period is due to factors such as booming infrastructure development, environmental considerations, urbanization patterns, governmental regulations, and cost-efficiency.
What's the Long-Term Growth Forecast for the Construction Fabrics Market Size Through 2029?
In the coming years, the construction fabrics market is anticipated to witness robust growth, reaching $7.68 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.8%. The impressive growth forecasted is due to factors such as the application of smart fabrics, increasing emphasis on resilience, development in emerging areas, the emergence of innovative sustainable materials and the revival of large-scale projects. Future trends likely to shape the market include the digital transformation of construction procedures, adaptable designs and customizations, cooperative efforts in research and development, the use of high-strength and lightweight fabrics, and the integration of smart fabrics and advanced technology.
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What Are the Key Growth Drivers Fueling the Construction Fabrics Market Expansion?
The surge in construction undertakings is predicted to fuel the expansion of the construction fabrics market in the near future. These activities utilize progressive techniques, materials, and technology for the creation of buildings, infrastructure, and different types of structures. Construction textiles are preferred in building processes due to their lighter weight compared to traditional construction materials, simplifying transportation and setup. These fabrics offer the construction industry the advantage of being lightweight, resilient and adaptable for building and construction applications. For example, in February 2023, stated by the United States Census Bureau, a fundamental agency of the Federal Statistics System in the US, the assessment for construction expenditures in that month reached $1,844.1 billion, registering growth from $1,753.1 billion in February the previous year. Furthermore, Expenditures on construction in the initial two months of 2023 was around $260.8 billion, marking an uptick from $246.1 billion during the equivalent period in 2022. In March 2023, as per the figures released by the United States Census Bureau, a key US-based organization of the federal statistical system, the count of privately-owned housing units sanctioned by building permits in February stood at 1,524,000 on a seasonally adjusted annual basis, signifying a 13.8% increase from the January rate, which had undergone correction to 1,339,000. Consequently, the escalation in construction projects is bolstering the expansion of the construction fabric market.
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What Are the Key Trends Driving Construction Fabrics Market Growth?
Emerging technologies are becoming a significant trend in the field of construction fabric. Firms in the construction fabric industry are utilizing innovative tech to maintain their market position. For illustration, DuPont de Nemours Inc., a chemical corporation based in the US, and Seaman Corporation, a US-based high-performance textiles company, launched a revolutionary Shelter-Rite high light transmission construction fabric produced from translucent Tedlar PVF (Polyvinyl fluoride) film in October 2022. This new architectural fabric is ideal for structures that require natural light, such as greenhouses, sports arenas, and event locations. The life and aesthetic of architectural fabric buildings, even under harsh conditions, are prolonged by Tedlar due to its superior weather resistance and dirt repelling characteristics. It provides protection against ultraviolet (UV) radiation, humidity, rainfall, and pollution.
How Is the Construction Fabrics Market Segmented?
The construction fabrics market covered in this report is segmented -
1) By Type: Woven, Non-Woven, Other Types
2) By Material: Polyester, Nylon, PTFE (Polytetrafluoroethylene), Cotton, Silicone Glass, ETFE (Ethylene Tetrafluoroethylene), Other Materials
3) By Application: Acoustic Fabric, Tensile Architecture, Awnings And Canopies, Other Applications
Subsegments:
1) By Woven: Plain Woven Fabrics, Twill Woven Fabrics, Satin Woven Fabrics,
2) By Non-Woven: Spunbond Non-Woven Fabrics, Meltblown Non-Woven Fabrics, Needlepunch Non-Woven Fabrics,
3) By Other Types: Knitted Fabrics, Composite Fabrics, Coated Fabrics.
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Which Companies Are Leading the Charge in Construction Fabrics Market Innovation?
Major companies operating in the construction fabrics market include Sioen Industries NV, Low & Bonar plc, Sattler AG, Taiyo Kogyo Corporation, Serge Ferrari SA, Saint-Gobain SA, Hiraoka & Co. Ltd., Endutex Coated Technical Textiles SA, Verseidag-Indutex GmbH, Hightex GmbH, Seaman Corporation, EREZ Thermoplastic Products, Nandan Denim Ltd., BASF SE, Dow Inc., DuPont de Nemours Inc., Ashland Inc., Dongwon Industry Co., Seele Inc., Sefar AG, Novum Membranes GmbH, Freudenberg SE, Toray Industries Inc., Teijin Limited, Milliken & Company, Ahlstrom-Munksjö OyJ, Berry Global Inc., Heytex Group, Obeikan Technical Fabrics Co., Herculite Products Inc.
Which Regions Are Leading the Global Construction Fabrics Market in Revenue?
Europe was the largest region in the construction fabrics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global construction fabrics market during the forecast period. The regions covered in the construction fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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