Construction Fabrics Market is expected to grow up to USD 2.26 Billion By 2023

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 polymer coated technical textiles which find extensive applications in tensile architecture in the construction industry. Construction fabrics are also called architectural membranes. They are durable, energy-efficient, and aesthetically superior products which offer flexibility to design engineers and architects to enhance architectural creativity.

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Based on type, the Construction Fabrics Market has been segmented into PTFE, PVC, ETFE, and other materials. In terms of value, the PVC construction fabrics segment is projected to be the largest segment during the forecast period. PVC or coated polyester fabric is the most cost-effective fabric material for architectural membranes. It is the ultimate fabric for temporary as well as permanent tension structures. PVC construction fabric is the most cost-effective and, hence, is an ideal choice for both temporary and permanent tension structures in the building & construction industry.

The tensile architecture application is estimated to account for the largest share of the Construction Fabrics Market in 2018, in terms of value. Construction fabrics are used in various applications, ranging from tensile architecture to facades. Tensile architecture is a tensioned membrane structure which includes membranes, tensioned cables, and steel structures. Construction fabrics are finding extensive usage in tensile architecture owing to their superior characteristics. Globally, there is an increased acceptance of tensile structures as modern building techniques owing to their numerous advantages over conventional buildings or structures.

The Construction Fabrics Market has been studied for Europe, North America, APAC, the Middle East & Africa, and South America. The APAC Construction Fabrics Market is projected to register the highest CAGR during the forecast period, in terms of value. The increasing installation of awnings & canopies in the APAC region is expected to significantly drive the Construction Fabrics Market in the region between 2018 and 2023.

Key companies dominated in the construction fabrics market are Sioen Industries NV (Belgium), Low & Bonar (UK), Sattler AG (Austria), Taiyo Kogyo Corporation (Japan), Serge Ferrari (France), Saint-Gobain (France), Hiraoka & Co. Ltd. (Japan), Endutex Coated Technical Textiles (Portugal), VERSEIDAG-INDUTEX GmbH (Germany), and Hightex GmbH (Germany). Competition among these players is high, and they mostly compete with each other on prices and quality of their products, after sale services, and customization of products.

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