The construction fabrics market size in 2018 was estimated to be USD 1.47 and is projected to reach USD 2.26 billion by 2023, at a CAGR of 9.0%. The construction fabrics market is driven by demanding and dynamic applications in the building & construction industry. The use of construction fabrics in architectural applications help achieve lightweight and futuristic design. However, easy availability of inexpensive substitutes adversely affects the growth of the construction fabrics market. The construction fabrics market has been segmented based on type, application, and region.
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Construction fabrics are polymer coated high performance, extra durable, and resilient architectural membrane materials which are finding increased use in the building and construction Industry. They are also heat-proof, possess long-term UV-resistance, and have an exceptionally long service life. These polymer coated construction fabrics are made of high strength inner fabric or mesh onto which a protective polymer coating is applied on both the sides. This helps in resisting moisture, heat, and air transfer, which safeguards the fabric from mechanical and chemical damage.
On the basis of type, the market is segmented into PTFE, PVC, ETFE, and others. The PVC segment accounts for the largest share of the overall construction fabrics market. As PVC coated fabrics exhibit great efficiency and are low-cost, it is widely used as construction fabric in the building & construction industry. ETFE construction fabric is projected to witness the highest CAGR between 2018 and 2023. ETFE fabric has the ability to self-clean due to its non-stick surface. It is 100% recyclable, which makes it a preferred choice in façade applications. Moreover, ETFE fabrics are cost-effective and are considered to be an effective alternative to glass.
The construction fabrics market in the facades segment is projected to register the highest CAGR between 2018 and 2023. There is an increased acceptance of fabric facades over metal and glass facades in exterior applications. This is owed to maximum light transmission achieved by the use of fabric facades, which helps in lowering electricity bills and increase the overall energy efficiency of the building.
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The APAC construction fabrics market is projected to witness the highest CAGR between 2018 and 2023. The construction fabrics market in APAC is dominated by China. The region is witnessing growth in the architecture and building & construction industry owing to the increased acceptance of durable and aesthetic fabric membrane materials. The construction fabrics market in this region is fragmented with the presence of a large number of local manufacturers and suppliers. Local manufacturers in this region are mostly engaged in producing PVC based construction fabrics for architectural and building & construction applications. This is largely due to the low cost of PVC based construction fabrics which finds extensive application in awnings and canopies. End users in the region largely rely on leading construction fabrics manufacturers from other countries for high-end architectural fabrics. The market for construction fabrics in awnings & canopies application in the region is sizable owing to the need for sun shading structures.
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