Construction Fabrics Market Growing at a CAGR of 7.2% during (2018– 2026)

"Rising consumer focus on nutritional value and increase demand for plant-based construction fabrics are expected to drive the growth of the construction fabrics market."

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.

According to the India Brand Equity Foundation, in 2018, the construction fabrics sector recorded investments worth USD 4.19 billion. Additionally, The The government of India announced a special package to boost exports by USD 31 billion, which expected to create 10 million job opportunities and attract investments worth USD 11.93 billion during 2018-2020. This expected to enhance the production to meet the growing consumption of construction fabrics over the forecast period.

In addition, Porter’s Five Forces research provides the economic climate of the industry, which is covered in the Construction Fabrics business review. The study focuses on market share and competition index analysis, which aids in determining the leading player’s contribution to the Construction Fabrics business. The current macroeconomic trends in the Construction Fabrics industry are included in this report. The detailed knowledge and recent primary changes in the regional life of major competitors are highlighted in the research study. The role of numerous variables such as economic, social, political, legal, and technical forces, as well as evolving business trends that have an impact on consumer growth is also studied.

The Construction Fabrics Market report has been segregated based on distinct categories, such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential.

List of Top Key Players in Construction Fabrics Market Report are:

• Low & Bonar (UK)
• Sioen Industries NV (Belgium)
• Sattler AG (Austria)
• Taiyo Kogyo Corporation (Japan)
• Serge Ferrari (France)
• Saint-Gobain (France)
• Hiraoka & Co. Ltd. (Japan)
• Endutex Coated Technical Textiles (Portugal)
• VERSEIDAG-INDUTEX GmbH (Germany)
• Hightex GmbH (Germany)

Construction Fabrics Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector. This report provides the status of the Construction Fabrics market forecast till 2026. Likely, the report also focuses on global major manufacturers of Construction Fabrics market share providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.

Construction Fabrics Market Segmentation by Product Type:

• PVC
• PTFE
• ETFE
• Others

Construction Fabrics Market Segmentation by Application:

• Tensile Architecture
• Awnings & Canopies
• Facades

The report diversifies the global geographical expanse of the Construction Fabrics market into five prominent regions such as Europe, APAC, MEA, North and South America.

Key Findings:

• Based on type, The PVC construction fabrics segment accounted for approximately 35% of the share in the global construction fabrics market in 2018.
• Based on application, the tensile architecture segment accounts of the largest share in the global construction fabrics market.
• Asia-Pacific accounted for nearly 42% share of the global construction fabrics market in 2018.

Recent News:

• In July 2018, Saint-Gobain acquired 100% of the equity capital of Kirson Industrial Reinforcements GmbH, a major producer of reinforcement scrim and combination products of scrim and nonwoven fabrics, which primarily serve the waterproofing roofing markets as well as floor coverings and construction panels.

The large-scale utilization of construction fabrics due to their agile strength, in road and bridge constructions is driving the construction fabrics market. Rapidly growing urbanization and industrialization, growing construction industry across the globe, and growing use of carbon in construction fibers are the main drivers for the market growth of the global construction fabrics market over the forecast period. Furthermore, increase in foreign direct investment in developing countries, increase in demand for infrastructure development and construction projects owing to growth in service industries which includes banking and telecommunication, information technology, insurance, and financial services which further drives the growth of construction fabrics market. Rapidly growing urbanization further boosts the growth of construction and building, roads, bridges, schools, hospitals, offices, malls, and multiplex in different regions and countries and government policies and schemes which in turn rise the demand for construction industry. Thus, these factors are expected to rise lucrative opportunities in the global market for the manufacturers in the coming years.

However, volatile prices of raw materials and easy availability of inexpensive substitutes are expected to hamper the growth of the global construction fabrics market during the forecast period. Moreover, disposal and recycling of waste and lack of experienced workforce are the prime challenges in the global construction fabrics market throughout the forecast period.

Get more Information at: https://www.alltheresearch.com/report/176/construction-fabrics-market

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