Buildtech Textiles Market Set to Witness an Uptick during 2019 to 2025Posted by Mrudula Anil Karmarkar on May 5th, 2022 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. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/buildtech-textiles-market/request/rs1 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:
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. 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. 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)
Buildtech Textiles Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Buildtech Textiles Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
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