The global construction fabrics market is projected to exhibit a significant growth, at a CAGR of more than 5.0%, during the forecast period. One of the major factors contributing to the growth of the market includes the rising urbanization, which in leading to the enhancement of aesthetics of the building. Urbanization is defined as the population shift from rural to urban areas. According to the UN, around 54% of the population lives in the urban area in 2014, this was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. As per the World Urbanization Prospects by the UN, the largest urban growth will take place in India, China, and Nigeria.
Browse the full report description Global Construction Fabrics Market Size, Share & Trends Analysis Report by Type (Polyvinyl Chloride (PVC), Polytetrafluoroethylene (PTFE), and Ethylene Tetrafluoroethylene (ETFE)) and by Application (Tensile Architecture, Awnings & Canopies, Facades, and Others) and Forecast 2019-2025 https://www.omrglobal.com/industry-reports/construction-fabrics-market
Managing urban areas is challenging for the government in emerging economies that includes forming and implementing cohesive policies and plans related to the development under smart cities projects. There were only 28 mega-cities projects in 2014 which is expected to reach to 41 in 2030. There are several countries focusing on smart city projects, which include the US, China, India, and Germany. This primarily results due to government support for smart cities initiatives. For instance, according to the German Asia-Pacific Business Association, the Chinese government is pushing the development of smart cities counting around 500 pilot projects already.
The increased urban population in the cities creates a new standard for better infrastructure requirements. Rising middle income group in emerging economies such as India, China, and Brazil, is driving the global construction fabrics market during the forecast period. Further, the rising standards of living and growing consumer demand will further boost the growth of the market. The high proportion of urban households, inclination towards eco-friendly homes and government initiatives will boost the market in near future. Such high projections for the rise of urbanization will certainly lead to the growth of the construction with enhanced aesthetics.
The global construction fabrics market is experiencing significant growth as these fabrics are used to enhance the aesthetics of the buildings, with the construction of facades and tensile architecture. Aesthetics, views, night-time illumination, and daytime glare are related elements in the visual environment. Aesthetics are generally referred to as the identification of visual resources, the quality, and character of what can be seen, and the overall visual perception of the environment. The contribution of building architecture is to fulfil the social and aesthetic requirement of society. Through the investment of great ingenuity in both design and production, diverse performance characteristics have been incorporated into recent architectural spaces, configurations, and designs in order to make structures as aesthetically attractive as possible.
Global Construction Fabrics Market-Segmentation
By Type
By Application
Global Construction Fabrics Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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