Construction fabrics market Analysis Forecast-2019
Posted by rohan on September 16th, 2019
Construction Fabrics Market was worth at USD 1.36 billion in 2018 and is estimated to reach USD 2.26 billion by 2023, at a CAGR of 9.0% from 2018 to 2023. Construction fabrics are high-performance, durable, polymer coated, and resilient architectural membrane materials. They exhibit self-cleaning properties along with strength, resilience, lightweight, resistance to chemicals and harsh weather conditions. They are made out of high strength inner fabric or mesh onto which a protective polymer coating is applied on both the sides. This assists in resisting moisture, heat, air transfer, and safeguard the fabric from mechanical and chemical damage.
Market drivers and restraints:
The world construction fabrics market is initially driven by the growing construction market across the world, due to quick urbanization and industrialization, particularly in Asia-Pacific. The high disposable income and the changing lifestyle trend of the customers has resulted in the escalated number of new residential construction activities as well as renovations, home improvements, and remodeling. These construction textiles are employed for different applications such as soil sealing, ground stabilization, construction of paved and unpaved roads, green roofs, and others. The rising demand for construction of eco-cities and commercial infrastructures with green roofs and vertical gardens for conservation of environment is driving the construction fabrics market.
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Report segmented as:
On the basis of geographic regions, world construction fabrics market is segregated into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2014, Asia pacific led the global construction fabrics market in terms of market revenue followed by North America region and is estimated to grow with a highest CAGR during 2015-2025, compared to that of the other regions.
Important market players:
Taiyo Kogyo Corporation, Low &Bonar, Sattler AG, Sioen Industries NV, Hightex GmbH, Serge Ferrari, Saint-Gobain, Endutex Coated Technical Textiles, Hiraoka& Co. Ltd., and VERSEIDAG-INDUTEX GmbH are some of the dominating players operating in the world construction fabrics market.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
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