Construction textiles are versatile materials that play a pivotal role in enhancing the durability, functionality, and safety of infrastructure. Used in applications like reinforcing concrete, providing erosion control, and creating geotextile barriers, construction textiles contribute to the strength and longevity of buildings, roads, and other civil engineering projects. Their ability to withstand various environmental challenges makes them essential components in modern construction practices.
The construction textile market is set to experience substantial growth with an average CAGR of 6.8% during the forecast period, according to Future Market Insights. Currently valued at US$ 2.08 billion in 2022, the market’s worth is projected to surge to US$ 4.91 billion by 2032. This growth is attributed to the increasing adoption of construction textiles across permanent and temporary applications in the construction sector, including tunnels, roads, dams, and bridges. With properties such as high strength, lightness, resilience, and resistance to pollution and chemicals, construction textiles have witnessed a surge in demand.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Construction Textile Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Construction Textile market.
Key Construction Textile Market Takeaways and Projections
- The US will lead the North America Construction Textile market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Construction Textile market. It also profiles a list of prominent companies including
- Royal Tencate NV (The Netherlands)
- Gundle/ SLT Environmental Inc. (GSE) (U.S.)
- Low & Bonar PLC (U.K.)
- Fibertex Nonwoven A/S (Denmark)
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Key Segments Profiled in the Construction Textile Industry Survey
On the basis of material used in construction textile, the global construction textile market is classified into four segments:
- Polyester
- Polyethylene
- Polypropylene
- Others
On the basis applications, the global construction textile market is classified into four segments:
- Architectural membranes
- Scaffolding Nets
- Hoardings and Signages
- Awnings and canopies
- Roads and Dams
- Others
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Construction Textile market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Construction Textile market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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