Global $2.26 Billion Construction Fabrics Market to 2023

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Dublin, Oct. 12, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.

The construction fabrics market size is projected to grow from USD 1.47 billion in 2018 to USD 2.26 billion by 2023, at a CAGR of 9.0%.

Construction fabrics are coated technical textiles which find usage in architectural and building and construction industry for various applications such as tensile architecture, awnings and canopies, and facades. Construction fabrics help achieve lightweight and futuristic design in architectural applications. The growth of the market is driven by the increasing use in architectural membrane roofs and facades. The emerging economies of the APAC region offer tremendous opportunities in the construction fabrics market due to the increased modern architecture and building & construction activities in the region. However, the availability of inexpensive substitutes restrains the growth of the construction fabrics market.The PVC construction fabrics segment is expected to lead the overall construction fabrics market in 2018, in terms of value. The use of construction fabrics in architectural membranes and facades enables designers, architects, and engineers to create revolutionary designs. It provides unlimited design flexibility to create immaculate form and iconic structures. The flexibility in design is due to the flexible and lightweight nature of construction fabrics.

PVC fabric is produced in a variety of types to fulfil a wide range of structural pre-requisites for applications in tensile architecture, awnings & canopies, and facades. It undergoes minimal stretch in fluctuating temperatures and humid conditions. The PVC coating process enables the prevention of mildew, stain, and streaking. On account of their superior foldability, they can be used for retractable structures as well.

The APAC construction fabrics market is projected to register the highest CAGR between 2018 and 2023, in terms of value. The construction fabrics market in this region is fragmented, with the presence of a large number of local manufacturers and global suppliers. Local manufacturers in the region are mostly engaged in producing PVC based construction fabrics for architectural and building & construction applications. This is largely due to the low cost of PVC based construction fabrics which finds extensive applications in awnings & canopies.

End users in the region largely rely on leading construction fabrics manufacturers from other countries for high-end architectural fabrics. The market for construction fabrics in awnings & canopies application in the region is sizable owing to the need for sun-shading structures in many Asian countries.

Some of the key companies profiled in this report are Sioen Industries NV (Belgium), Low & Bonar (UK), Sattler AG (Austria), Taiyo Kogyo Corporation (Japan), Serge Ferrari (France), and Saint-Gobain (France), among others.

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Related Topics: Construction, Textiles

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Globe Newswire: 13:46 GMT Friday 12th October 2018

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