The global construction fabrics market research report by Technavio predicts the market to post a CAGR of close to 5% during the period 2019-2023.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190122005629/en/
Technavio has released a new market research report on the global construction fabrics market for the period 2019-2023. (Graphic: Business Wire)
A key driver for the global construction fabrics market is the growing construction activities. The growth in the global construction industry has been promoting the demand for construction fabrics, such as ETFE, PVC, PTFE, and others. The use of construction fabrics in the construction industry will increase as they offer excellent durability, smoothness, and malleability, and enhance the cost-effectiveness of construction structures. The construction industry was estimated at USD 9.45 trillion in 2018 and will grow at a moderate rate during the forecast period.
As per Technavio, the growing use of carbon fibers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global construction fabrics market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
This report is available at a USD 1,000 discount for a limited time only:View market snapshot before purchasing
Global construction fabrics market: Growing use of carbon fibers
The growing use of carbon in construction fibers is expected to boost market growth. Carbon fibers exhibit properties such as high tensile strength, durability, chemical stability, corrosion resistance, and rigidness. They are being used in the construction of bridges and roads. The increase in bridge and road construction across the globe is expected to drive the demand for carbon fibers during the forecast period.
“High-performance construction fabrics use carbon fibers for greater tensile strength and durability of construction structures. The use of carbon fibers in construction fabrics will increase during the forecast period due to technology advancements showcasing superior properties offered by carbon fibers for use in the construction industry,” says a senior research analyst at Technavio.
Global construction fabrics market: Segmentation analysis
This construction fabrics market analysis report segments the market by type (PVC, PTFE, ETFE, and others), application (tensile architecture, awnings and canopies, and facades), and geography (APAC, Europe, MEA, South America, and North America).
The PVC segment held the largest construction fabrics market share in 2018, accounting for about 48% of the market. This segment is expected to dominate the global market throughout the forecast period.
Europe led the market in 2018 with around 35% of the market share, followed by North America and APAC, respectively. Europe is expected to dominate the market throughout the period 2019-2023.
Looking for more information on this market?Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190122005629/en/
