Global Buildtech Textiles Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Buildtech Textiles Market” is an upcoming report by MarketResearch.biz. The global buildtech textiles market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a fastidious manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the buildtech textiles market. The global buildtech textiles market report will be segmented on the basis of raw material, product, application, and region.
Buildtech comprises of textiles or composite materials used in the construction of temporary or permanent buildings as well as structures. In the construction industry, these products have applications in interior construction, insulation, concrete reinforcement, proofing materials, air conditioning, and noise prevention. Buildtech textiles are made from both synthetic and natural fibers.
Buildtech textiles are crack-resistant, offer heat insulation and are waterproof. As such, the demand for these products in the construction of residential structures is expected to significantly increase over the next ten years. The rise in the number of naturally occurring calamities, such as, bush or wildfires in countries like Australia and the US is projected to fuel the construction industry, which, in turn, will augment the global buildtech textiles market growth. The extended lifespan and cost-effectiveness of buildtech textiles are other factors that will positively influence product demand over the coming years. Furthermore, initiatives by respective regulatory bodies to increase awareness on the benefits of buildtech textiles will complement market growth. Increasing spending in the construction sector, be it through private, public or PPP investors in emerging markets will contribute to the overall market growth.
In terms of raw materials, the market is segmented into natural and synthetic fibers. HDPE (high-density polyethylene) fibers accounted for a majority of the revenue share in 2018. The increase in expenditure on the development of bio-based polymers due to rising environmental concerns is expected to boost product demand. The superior qualities of these products such as high stretchability, recyclability, and chemical inertness are exhibited when compared to their counterparts. The nylon or polyamide sector is projected to expand at a high CAGR over the foreseeable future due to features such as – excellent abrasion resistance, high elasticity, and tensile strength.
With reference to product, the market is categorized into non-woven, woven, knitted, and others. The non-woven fabrics segment offers high moisture and vapor permeability along with increased tensile strength absorbency. These products dominated the global buildtech textiles market in 2018.
With regard to application, the market is sectioned into non-residential and residential. The demand for non-residential applications is expected to expand at a high CAGR over the coming years due to the increasing demand for commercial spaces. On the other hand, residential construction applications are projected to grow considerably in the foreseeable future owing to sociological and demographic factors such as increased life expectancy, high birth rates, and geriatric populations.
Increasing construction activities in Europe owing to low-cost mortgage rates is expected to propel the demand for buildtech products. Although, some factors that could restrain market growth are the decline in construction spending in the Netherlands, fickle trade policies between China and the US, etc. The initiation of China’s 13th 5-year plan for social and economic development is expected to propel the demand for buildtech products in the coming years. The construction industry in Latin America on account of increasing investments and rising awareness is projected to complement market growth in the region.
Global Market Segmentation:
Global market segmentation, by Raw Material:
Global market segmentation, by Product:
Global market segmentation, by Application:
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- SKAPS Industries
- SRF Limited
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