Global Construction Fabrics Market

Global Construction Fabrics Market Size, Share, Growth Analysis, By Material(PVC, PTFE), By Application(Tensile Architecture, Awnings & Canopies) - Industry Forecast 2024-2031

Report ID: SQMIG15F2173 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 67

Global Construction Fabrics Market Dynamics

Drivers

Rising Construction Activity

  • Residential and construction activity worldwide is increasing rapidly, and this trend is forecasted to increase demand for different construction materials such as construction fabrics in the future. High investments of governments in infrastructure development are also contributing to the growing construction activity.

Restraints

Fluctuations in Raw Material Prices and Availability

  • Raw materials used to make construction fabrics are subject to changes in availability and pricing from changes in the supply chain. Moreover, complex manufacturing processes used to make construction fabrics could also add up to the costs and hinder construction fabrics market growth in the long run.
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FAQs

Global construction fabrics market size was valued at USD 3.97 billion in 2022 and is poised to grow from USD 4.28 billion in 2023 to USD 7.8 billion by 2031, growing at a CAGR of 7.8% in the forecast period (2024-2031).

Construction fabric companies are projected to focus on emerging and under-developed economies to maximize their business potential with little effort. Construction fabric suppliers are also targeting developed countries to benefit from the adoption of modern building practices. Construction fabrics market players are also estimated to invest in the R&D of novel fabrics from different materials to maximize their sales. Companies will also focus on incorporating sustainability in their manufacturing and business activities to comply with changing regulations and attract eco-conscious users. 'Serge Ferrari', 'Saint-Gobain', 'IASO', 'Hightex GmbH', 'Novum Membranes GmbH', 'Structurflex', 'Hiraoka& Co. Ltd.', 'Sattler AG', 'Taiyo Kogyo Corporation', 'Seaman Corporation', 'Endutex Coated Technical Textiles', 'Low & Bonar'

Residential and construction activity worldwide is increasing rapidly, and this trend is forecasted to increase demand for different construction materials such as construction fabrics in the future. High investments of governments in infrastructure development are also contributing to the growing construction activity.

Evolving Living Standards in Emerging Countries: Developing countries around the world are witnessing a notable hike in disposable income and this has led to a substantial change in the living standards of people, which in turn, is slated to uplift construction fabric demand. Ease of use and the ability to fast-track construction times are added benefits that promote the use of construction fabrics in emerging economies as they focus on developing their public infrastructure at a rapid pace.

Europe accounts for a sizable share of the global construction fabrics market. Growing focus on sustainability has promoted the adoption of modern construction practices and is slated to uplift construction fabric sales in this region. Increasing construction activity and rising disposable income are also other factors that could boost market growth in this region. The United Kingdom, France, and Germany are slated to be the prime markets for construction fabric companies in the future.

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Global Construction Fabrics Market

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