Top Emerging Trends Of Buildtech Textiles Market Progress Forecast 2025 |Grand V

Posted by Mrudula Anil Karmarkar on May 21st, 2021

The global buildtech textiles market size is anticipated to reach USD 19.04 billion by 2025, expanding at a CAGR of 5.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising awareness among builders regarding the use of sound-absorbing and heat insulation materials that are sustainable and durable is anticipated to drive the product demand.

The shortage in supply of raw materials from Chinese manufacturers has resulted in a severe demand-supply gap. The manufacturers are further expected to be stranded on raw material orders owing to the logistics industry being significantly impacted due to lockdown amid COVID-19. However, the producers are expected to move away from China aiming to reduce the future risks that would affect the business and to reduce the manufacturers' cluster in a single country in order to smoothen the supply chain. The report will account for Covid19 as a key market contributor.

Increasing investments in infrastructure and commercial construction are expected to fuel the product demand over the forecast period. The change in government regulations regarding reducing greenhouse gas emissions and promoting the development of energy-efficient and zero-energy buildings is projected to complement market growth.

Steady population growth, availability of skilled labor, and technological advancements in the emerging economies of China, India, and Brazil are other factors expected to drive the construction industry over the forecast period. The rise in construction activities is estimated to drive the demand for construction materials, including buildtech textiles, for providing protection against chemicals, UV rays, and heat.

Buildtech textiles include the composite materials and textiles used in the construction of permanent as well as temporary building structures. These products have applications in the construction industry for concrete reinforcement, interior construction, roofing materials, insulation, noise prevention, and air conditioning.

Further key findings from the report suggest:

• The application of buildtech textiles in the residential application in North America is estimated to witness a CAGR of 5.9%, in terms of revenue, from 2019 to 2025 owing to the rising population, urbanization, and increased immigration rate in the region
• The woven buildtech textiles is estimated to reach USD 5.32 billion by 2025, on account of the product’s attributes including high strength and high strength to weight ratio along with low cost
• The synthetic buildtech textiles are estimated to witness a CAGR of 5.6%, in terms of revenue, on account of superior performance characteristics of the product such as high stiffness and increased permeability of the fabrics
• Asia Pacific accounted for 38.2% of the global revenue share in 2018, owing to the growth of the construction industry in the developing economies of China and India coupled with rising demand for green buildings
• Major market players are focusing on expanding their geographic reach and increasing the company’s product portfolio, thereby obtaining a significant share in the buildtech textiles market

Buildtech textiles are waterproof, crack-resistant, and offer heat insulation. As a result, the demand for the product in the construction of residential buildings is expected to augment over the forecast period. Also, a rise in incidents of natural calamities, such as wildfire and hurricanes, hitting various parts of the U.S. is anticipated to drive the construction industry, thereby having a positive impact on the demand for build tech textiles over the forecast period.

Buildtech textiles are primarily made from natural or synthetic fibers. The major synthetic fibers include HDPE (high-density polyethylene), PET (polyethylene terephthalate), polypropylene, polyethylene, and nylon. Buildtech textiles have applications in residential and non-residential construction owing to their diversified characteristics such as crack resistance, heat & sound insulation, and membrane structure.

Cost-effectiveness and longer lifespan of build tech textiles as compared to other materials are projected to drive the product demand over the forecast period. Besides, initiatives by foreign regulatory bodies and promotional policies have aided in increasing the awareness related to the benefits offered by the product, thereby complementing market growth.

The construction spending by public, private, and PPP investors has witnessed significant growth in the emerging markets, whereas advanced economies have stabilized over the last few years. Furthermore, the demand for build tech textiles is rising on account of the hefty investments coupled with initiatives taken by the government in implementing the product in upcoming construction projects.

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DuPont, Ahlstrom-Munksjö, SKAPS Industries, Toray, SRF Limited, and 3M are the major market players. These companies have a widespread geographic presence with sales offices or manufacturing facilities located globally to supply the knitted, woven, and nonwoven products.

Various factors including the expansion of production facilities in the emerging markets of the Middle East and the Asia Pacific regions is likely to aid the major companies to gain a competitive edge over their competitors. Also, the formation of strategic alliances with raw material and equipment manufacturers in the value chain by the build tech textiles manufacturers helps in ensuring uninterrupted production.

Grand View Research has segmented the global buildtech textiles market on the basis of raw material, product, application:

Buildtech Textiles Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Natural
• Synthetic
• HDPE
• PET
• Nylon
• Polyethylene
• Polypropylene
• Others

Buildtech Textiles Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Woven
• Non-woven
• Knitted
• Others

Buildtech Textiles Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Residential
• Non-residential

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com