Buildtech Textile Market to Exceed Valuation of USD 33.11 Billion by 2032

Market Overview: The global buildtech textile industry had a valuation of USD 22.9 Billion in 2022, and it is anticipated to reach USD 33.11 Billion by 2032. This projection suggests a compounded annual growth rate (CAGR) of 4.7% during the forecast period. The upsurge in demand for environmentally friendly and energy-efficient construction materials plays a pivotal role in driving the expansion of this market. Buildtech textiles, a category within the Technical Textile sector, encompass textile products tailored for construction applications.

Another impetus behind the market's growth is the escalating need for effective thermal and acoustic insulation materials. The emphasis on reducing noise pollution in urban centers has bolstered the demand for acoustic insulation materials. Buildtech textiles have emerged as a solution to provide soundproofing, enhancing occupant comfort by mitigating noise levels. In addition, the drive to curtail energy consumption in buildings has propelled the need for thermal insulation materials. With their superior thermal insulation properties, buildtech textiles can minimize energy expenditures and maintain optimal indoor temperatures.

Get a sample copy of the Buildtech Textile Market report, visit: https://www.reportsanddata.com/download-free-sample/6962

Governmental policies and regulations centered around sustainable building practices are also pivotal drivers of market growth. Governments worldwide are enacting stringent measures to reduce greenhouse gas emissions and enhance building energy efficiency. Buildtech textiles are regarded as eco-friendly construction materials that contribute to achieving these goals. Furthermore, the substantial investments governments are making in smart city development are projected to create a robust demand for buildtech textiles.

However, challenges such as high production costs, limited end-user awareness, and a shortage of skilled labor could potentially hinder the market's growth trajectory.

Key Insights: Product Types Breakdown: Categorically, the Buildtech Textile market is classified into woven, non-woven, knitted, and other segments based on product types. The woven segment is anticipated to substantially contribute to market revenue during the forecast period. Woven textiles, known for their durability, strength, and resistance to wear and tear, find widespread application in roofing, cladding, insulation, and reinforcement due to their remarkable attributes.

In contrast, the non-woven segment is predicted to witness the swiftest revenue growth. Non-woven textiles, engineered by binding fibers together rather than weaving or knitting, are preferred for purposes such as filtration, insulation, and erosion control. Their qualities such as homogeneity, porosity, and flexibility make non-woven textiles a preferred choice for specific applications.

The knitted segment is also expected to experience substantial revenue growth, as knitted fabrics offer benefits like shade provision, ventilation, and noise management. These fabrics, available in various materials, provide stretchability, flexibility, and breathability, rendering them suitable for diverse building requirements. The remaining category includes textiles such as laminated, coated, and braided textiles, which find applications in reinforcing, waterproofing, and fireproofing, driving moderate growth in this segment.

Applications Breakdown: In terms of applications, the market for buildtech textiles is categorized into roofing, insulation, wall covering, and others. The roofing segment is projected to retain a significant share of the market's revenue. Buildtech textiles are favored for roofing applications due to their impressive qualities, including UV radiation resistance, water resistance, high strength, and durability.

The insulation segment is anticipated to experience the highest revenue growth rate. With their superior thermal and acoustic properties, buildtech textiles are widely adopted for insulation purposes in residential and commercial buildings. Rising demand for energy-efficient structures and increasing awareness about insulation benefits are expected to propel this segment's growth.

The wall coverings sector is also predicted to experience substantial revenue growth. Buildtech textiles are employed for wall covering applications owing to their durability, water resistance, and resilience against wear and tear. The demand for aesthetically pleasing and long-lasting wall coverings is expected to drive growth in this segment.

Additional applications such as flooring, fireproofing, and reinforcement contribute to moderate revenue growth in the broader category.

Regional Outlook: Throughout the projected period, the Asia Pacific region is anticipated to lead in terms of revenue generation for the Buildtech Textile Market. This dominance is driven by rapid growth in the construction industry, attributed to urbanization, infrastructural development, and investments in residential and commercial sectors. Developing countries like India and China, experiencing population growth and increased demand for eco-friendly and energy-efficient construction materials, are expected to boost the Buildtech textiles market in this region.

The North American market is poised for considerable revenue growth, fueled by the adoption of Green Building techniques and increased investments in the construction sector. Awareness about eco-friendly construction materials, energy efficiency, and enhanced building performance is anticipated to drive the demand for Buildtech textiles in this region.

In Europe, a moderate growth trajectory is projected due to the demand for energy-efficient structures and the emphasis on environmentally friendly building practices. Residential and commercial sectors within the building industry are expected to drive the demand for Buildtech textiles.

Competitive Landscape: The global Buildtech textile market exhibits a fragmented landscape with several prominent players driving the majority of market revenue. Industry leaders employ diverse strategies, such as mergers, acquisitions, strategic agreements, product development, testing, and introduction to enhance their market presence. Key players in the market include:

  • DuPont
  • Royal TenCate NV
  • Ahlstrom-Munksjö
  • Johns Manville
  • HUESKER Group
  • GSE Environmental
  • Officine Maccaferri
  • Low & Bonar
  • Saint-Gobain
  • Sioen Industries NV

Strategic Developments: In 2021, Ahlstrom-Munksjö expanded its Filtration and Performance business by investing in a new facility in Madisonville, Kentucky. This facility focuses on producing filtration materials for air and liquid filtration, as well as construction applications. In 2020, Johns Manville acquired ITW Insulation Systems, a key manufacturer of low-temperature polyisocyanurate foam insulation products, with the aim of broadening its product range in the commercial and industrial insulation sector. In 2020, Sioen Industries NV acquired Verseidag-Indutex GmbH, a prominent manufacturer of technical textiles for construction and architecture applications, enhancing Sioen Industries' global standing in the technical textiles market.

Explore Trending Reports:

Biocide Market-https://bhagyashrishewale.blogspot.com/2023/06/biocide-market-size-worth-usd-1431.html

Aroma Chemicals Market-https://bhagyashrishewale.blogspot.com/2023/06/aroma-chemicals-market-size-worth-usd.html

Metal and Ceramic Injection Molding Market-https://bhagyashrishewale.blogspot.com/2023/06/metal-and-ceramic-injection-molding.html

NanoSilica Market -https://bhagyashrishewale.blogspot.com/2023/06/nanosilica-market-to-exceed-valuation.html

Ionic Liquids Market-https://bhagyashrishewale.blogspot.com/2023/06/ionic-liquids-market-size-to-surpass.html

Polyester Resins Market-https://bhagyashrishewale.blogspot.com/2023/06/polyester-resins-market-to-expand-at.html

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/6962

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release

Comments

Post a Comment

Popular posts from this blog

Logistics Automation Market Size Worth USD 211.38 Billion 2032 | CAGR of 14%

The global logistics automation market size was USD 64 Billion in 2022 and is expected to reach USD 211.38 Billion in 2032, and register a rapid revenue CAGR of 14 % during the forecast period. Rapid expansion in the e-commerce business and technological breakthroughs, such as Internet of Things (IoT), Artificial Intelligence (AI), and robotics are major factors driving market revenue growth. In the contemporary corporate environment, requirement for effective and timely delivery of goods has increased. Businesses are seeking for ways to optimize their logistics operations to boost production and cut expenses. Logistics automation aids businesses in achieving these objectives, by automating various processes, including order processing, inventory management, and transportation management. Get a sample copy of the Logistics Automation Market report, visit: https://www.reportsanddata.com/sample-enquiry-form/1600 Further key findings from the report suggest Based on end-u...
Read more

Bitumen Membranes Market to Exceed Valuation of USD 3.74 Billion by 2027

According to a recent report by Reports and Data, the global bitumen membranes market is projected to reach USD 3.74 billion by 2027, with a compound annual growth rate (CAGR) of 4.8%. Bitumen membranes are designed to provide waterproofing and coverage for industrial and residential buildings. These membranes consist of highly viscous, elastic, and waterproof organic liquids. They are commonly used as roofing systems to prevent leaks and facilitate water drainage on nearly flat or level roofs. Bitumen membranes have various applications, including humidification, waterproofing, binding, rust-proofing, joint filling, and crack formation. The demand for these products is expected to steadily rise in road expansion, infrastructure rebuilding, and the construction of buildings and bridges. The growing demand from the building sector, driven by environmental regulations and the affordability of roofing systems, has contributed to the increased production of polymer-modified bitumen (PMB)....
Read more

Industrial Tubes Market Size Worth USD 1,406.92 Billion By 2032

  Market Overview The global market for industrial tubes had a value of USD 550 billion in 2022 and is projected to reach USD 1,406.92 billion by 2032, with a rapid compound annual growth rate (CAGR) of 11% during the forecast period. The growth of the market is driven by increasing demand for industrial tubes across various end-use sectors such as oil & gas, construction, and automotive. Manufacturers are focusing on developing new and innovative products to meet the rising demand for environmentally-friendly and energy-efficient industrial tubes. One of the prominent end-use markets for industrial tubes is the oil & gas sector. The demand for pipelines due to the increasing demand for oil & gas leads to a higher price for industrial tubes. The construction industry is another major consumer of industrial tubes, driven by the growing construction activities, particularly in emerging economies, for applications such as HVAC systems, water supply systems, and sewage...
Read more