The global construction fabrics market expected to witness a CAGR of almost 5% during the forecast period. Certain factors that are driving the market growth include growing construction activities, increasing demand for PVC fabrics, and benefits of using construction fabrics. To know more about the driving factors in Construction Fabrics Market download the free sample report below.
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Construction fabrics such as ETFE, PVC, PTFE, and others offers excellent durability, smoothness, and malleability. Their use in the construction industry will increase as they enhance cost-effectiveness of construction. The construction industry in the emerging markets is expected to witness a higher growth rate than that of the advanced economies, owing to the increase in the number of residential projects due to continuous population growth.
Hence, the growing construction activities is expected to fuel the growth of the construction fabrics market during the forecast period.
Textile reinforced concrete (TRC) is a composite material in which fabrics are used as reinforcement to bring significant loads in tension that can further be used in thin cross-sections. They are used in the construction of bridges, arenas, parking garages, houses, silos, towers, and other infrastructures.
TRC is used to eliminate the drawbacks of concrete structure such as corrosion. The advantages of TRC such as high efficiency, easily processed, and corrosion resistance is leading to the increasing use of TRC, which is expected to be one of the key trends in the global construction fabrics market.
As per the latest report publish by Technavio the construction fabrics market size will grow by USD 3.03 billion during 2019-2023. This report offers an analysis of the market based on type (PVC, PTFE, ETFE, and others) and application (tensile architecture, awnings and canopies, and facades).
The construction fabrics market research report further presents in-depth insights into the growth prospects of the market across APAC, Europe, North America, MEA, and South America. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Low & Bonar, Saint-Gobain, Seaman, Sefar, Serge Ferrari, and Sioen Industries.
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