Construction Fabrics Market Size to grow by USD 688.2 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Construction Fabrics Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The global textiles market encompasses a broad spectrum of textile product categories, excluding apparel, accessories, luxury goods, and footwear. According to Technavio's market analysis, the global textiles, apparel, and luxury goods industry is calculated based on the consolidated revenues of manufacturers producing textiles, apparel, accessories, luxury goods, and footwear. Key growth drivers for the textiles market include the expanding demand for geotextiles, which are synthetic, permeable textiles fabricated using polymers such as polyester, polypropylene, polyethylene, and polyamides. Geotextiles' increasing usage in infrastructure development projects and environmental applications is expected to propel market growth throughout the forecast period. - The Construction Fabrics Market is experiencing significant growth, fueled by the Usage of ETFE in building and construction industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Usage of ETFE in building and construction industry
  • Increasing tourism across the world
  • Easy availability of inexpensive substitutes
  • Fluctuating raw material prices
• Growth Projections

The market size is estimated to grow by USD 688.2 million, at a CAGR of 3.2% during the forecast period. In the global construction industry, residential buildings account for approximately 40% of energy consumption. The energy generation necessary for heating and cooling these structures is costly and resource-intensive. To address this challenge, the demand for energy-efficient prefabricated houses has surged. These houses are engineered to be air-tight and highly insulated, reducing energy loss and lowering overall heating and cooling costs. Equipped with advanced technologies such as geothermal heat pumps (GHPs), solar electric or photovoltaic (PV) systems, and passive solar design, these prefabricated houses adhere to sustainable home guidelines, including stringent air-tightness standards, which prevent leaks and airflows, thereby decreasing energy consumption and costs.

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• Regional Insights

The Construction Fabrics Market encompasses a broad range of textiles utilized in various construction applications. These fabrics offer benefits such as durability, UV resistance, and insulation. Key market drivers include increasing infrastructure spending, growing demand for energy-efficient buildings, and advancements in fabric technology. Major players in this sector include 3M, DuPont, and Saint-Gobain. Market size is projected to grow steadily, driven by these trends and increasing demand from emerging economies.

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