Construction Fabrics Market – Overview
The global construction fabrics market is anticipated to grow at a favorable rate from 2021 to 2031 (forecast period). The global expansion of construction activities is expected to drive the global construction fabrics market during the forecast period. With a growing number of residential and commercial projects, the construction sector is experiencing substantial expansion in both developed and developing countries around the world. The worldwide construction industry's expansion has resulted in increased demand for construction materials, particularly construction fabrics such as PTFE, ETFE, PVC, and others. Moreover, the durability, smoothness, malleability, and cost-effectiveness of construction fabrics are boosting their popularity among end users.
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Construction Fabrics Market – Competitive Landscape
Prominent players operating in the global construction fabrics market are Low & Bonar (UK), Sioen Industries NV (Belgium), Taiyo Kogyo Corporation (Japan), Sattler AG (Austria), Serge Ferrari (France), Hiraoka & Co. Ltd. (Japan), VERSEIDAG-INDUTEX GmbH (Germany), Saint-Gobain (France), Endutex Coated Technical Textiles (Portugal), and Hightex GmbH (Germany).
To expand and maintain their worldwide presence, key market players are continuing to pursue inorganic marketing tactics such as collaborations, investments, technological innovations, acquisitions, and R&D activities.
Construction Fabrics Market – Trends and Opportunities
The vast bulk of the world's population is moving toward industrialization and urbanization. This has resulted in an increase in the demand for construction operations. Expansion and development plans in both residential and commercial segments are gaining traction. This is a critical aspect projected to drive the growth of the global construction fabrics market during the forecast period. Moreover, as a result of industrialization and urbanization, there is an increasing emphasis on home modifications and remodeling to adapt to modern architecture. This is also likely to have a favorable impact on the global construction fabrics market. Furthermore, the need to conserve the environment through the development of vertical gardens and eco-cities is anticipated to enhance the demand for construction fabrics.
The government measures to establish smart cities, expanding population, and growing disposable income, are likely to boost the global construction fabrics market. Manufacturers are making construction fabrics with a variety of materials to meet the needs of various applications.
Ethylene Tetrafluoroethylene (ETFE) is expected to witness significant growth in the global construction fabrics market. It is a fluorine-based plastic polymer that is used in place of a typical glass panel as a lightweight replacement. It weighs significantly less than regular glass while producing the same effect. It has a long lifespan and great resistance capabilities to all weather conditions. ETFE is widely employed in modern architectural designs.
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Construction Fabrics Market – Regional Landscape
The construction fabrics market in Europe is expected to grow during the forecast period. This is due to renovation and remodeling efforts and green building measures to reduce environmental problems while creating structures.
The construction fabrics market in North America is projected to experience growth during the forecast period. The growing local manufacturers and suppliers and the diversification of the region's construction sector are likely to boost the construction fabrics market in North America.
The Asia Pacific construction fabrics market is anticipated to expand as a result of the rapidly growing population, industrialization, urbanization, modernization, and rising disposable income. Moreover, the government is focusing more on smart city development and boosting the quality of construction activities. This is projected to contribute to the expansion of the construction fabrics market in the Asia Pacific. Furthermore, a significant presence of construction fabric manufacturers and suppliers and easy accessibility of the fabrics are projected to have a favorable impact on the construction fabrics market in Asia Pacific.
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