The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Construction Fabrics Market.
It was estimated prior to this unanticipated outbreak that the Construction Fabrics Market will grow at 8.4% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Construction Fabrics Market Segment Analysis:
Based on the fabric type, the market is segmented as PVC, PTFE, ETFE, and others. ETFE fabric is likely to register the highest growth in the global construction fabrics market during the forecast period. It is a fluorine-based plastic polymer that is used as a substitute to glass panels. The exceptional properties of ETFE makes it the most-preferred choice by design engineers and architects which drives the growth of this segment.
Based on the application type, the market is segmented as tensile architecture, awnings & canopies, facades, and others. The tensile architecture segment is likely to remain the most-dominant application type segment in the market during the forecast period. The growth is attributed to the unique properties such as durability and flexibility which makes it a fit for various large-scale applications.
In terms of regions, Asia-Pacific is expected to be the largest market for construction fabrics in the coming five years. China and India are the growth engines of the region. The market is sustained by the aesthetic and functional properties of construction fabrics.
Some of the key players in the construction fabrics market are Sioen Industries Nv, Sattler AG, Compagnie de Saint-Gobain S.A., Taiyo Kogyo Corporation, Serge Ferrari, Hiraoka & Co. Ltd., Endutex Coated Technical Textiles, and Verseidag-Indutex GmbH.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors