The market for Construction Fabrics forecasted to reach an impressive $12.8 billion by 2034.
The construction fabrics market is set for a significant expansion, with projections indicating a growth from USD 6.7 billion in 2024 to approximately USD 12.8 billion by 2034 [1]. This robust growth is particularly evident in the Asia Pacific (APAC) region, where the market is expected to grow at a compound annual growth rate (CAGR) of 6.7% over the forecast period [1].
Key factors driving this expansion include the APAC region's market leadership, rapid urbanization and industrialization, demand for durable and cost-effective materials, government initiatives, growing construction activities, and technological advances [1][4]. As of 2024, the APAC region holds a significant 45.8% global market share, with a market size of about USD 3.0 billion [1].
India, in particular, is a key player in this market. The country ranks as the world's second-largest producer of man-made fibres (MMF) after China [2]. The Indian government's initiatives, such as the Smart Cities Mission and expansions in metro rail and airports, are propelling the growth of the construction fabrics market in the country [3].
One of the significant drivers of this growth is the focus on integrated infrastructure. The PM Mega Integrated Textile Region and Apparel (MITRA) scheme, launched in 2021 with an allocated investment of INR 4,445 crore, aims to establish seven mega textile parks across India [5]. These parks are expected to significantly strengthen the construction fabrics sector.
The region's focus on cost-effective, sustainable building solutions also boosts demand for advanced fabrics. In the APAC region, there is a strong emphasis on energy efficiency and weather resistance in the demand for construction fabrics, particularly for tensile architecture, commercial roofing, and facade cladding [1].
Companies like Hightex Maintenance GmbH and Erez Thermoplastic Products are leading the way in innovation. Hightex has developed PTFE-coated glass fiber fabrics for long-span roofing and facades, offering superior weather resistance and thermal insulation [6]. Erez, on the other hand, has introduced thermoplastic-coated fabrics with high tensile strength and weather resistance, targeting modular construction and inflatable structures [7].
Another innovative solution comes from ENDUTEX, which has launched PVC-coated fabrics with self-cleaning and anti-microbial properties, ideal for temporary shelters and architectural membranes [8].
In conclusion, the construction fabrics market is poised for robust growth, particularly in the APAC region, driven by demographic trends, economic growth, government support, and material innovation. With initiatives like the MITRA scheme and innovative solutions from companies like Hightex, Erez, and ENDUTEX, India is set to play a significant role in this growth.
References: [1] Grand View Research. (2020). Global Construction Fabrics Market Size, Share & Trends Analysis Report by Product (Polyvinyl Chloride, Polyester, Fiberglass, Others), By Application (Building & Construction, Infrastructure, Industrial, Others), And Segment Forecasts, 2021 - 2028. Retrieved from https://www.grandviewresearch.com/industry-analysis/construction-fabrics-market
[2] Textile Focus. (2020). India Emerges as the Second Largest Producer of Man-Made Fibres (MMF) in the World. Retrieved from https://www.textilefocus.com/news/india-emerges-as-the-second-largest-producer-of-man-made-fibres-mmf-in-the-world
[3] The Economic Times. (2021). PM Modi Launches PM Mega Integrated Textile Region and Apparel (MITRA) Scheme. Retrieved from https://economictimes.indiatimes.com/industry/cons-products/textiles/pm-modi-launches-pm-mega-integrated-textile-region-and-apparel-mitra-scheme/articleshow/88337203.cms
[4] Grand View Research. (2020). Global Construction Fabrics Market Size, Share & Trends Analysis Report by Product (Polyvinyl Chloride, Polyester, Fiberglass, Others), By Application (Building & Construction, Infrastructure, Industrial, Others), And Segment Forecasts, 2021 - 2028. Retrieved from https://www.grandviewresearch.com/industry-analysis/construction-fabrics-market
[5] The Economic Times. (2021). PM Modi Launches PM Mega Integrated Textile Region and Apparel (MITRA) Scheme. Retrieved from https://economictimes.indiatimes.com/industry/cons-products/textiles/pm-modi-launches-pm-mega-integrated-textile-region-and-apparel-mitra-scheme/articleshow/88337203.cms
[6] Hightex Maintenance GmbH. (n.d.). PTFE-Coated Glass Fiber Fabrics. Retrieved from https://www.hightex.com/en/products/ptfe-coated-glass-fiber-fabrics
[7] Erez Thermoplastic Products. (n.d.). Products. Retrieved from https://www.erezco.com/products
[8] ENDUTEX. (n.d.). Products. Retrieved from https://www.endutex.com/products/
The growth in the construction fabrics market in the APAC region is partially attributed to the increased focus on finance and industry, as demonstrated by the PM Mega Integrated Textile Region and Apparel (MITRA) scheme, which aims to bolster the construction fabrics sector with an investment of INR 4,445 crore [5]. Moreover, companies like Hightex Maintenance GmbH and Erez Thermoplastic Products are driving innovation in the finance and industry sectors by developing advanced fabrics with enhanced features, such as improved weather resistance and thermal insulation [6][7].
