The new report by Expert Market Research titled, ‘Global Architectural Fabrics Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global architectural fabrics market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
The global market for architectural fabrics is expected to grow as a result of the growing popularity of textile facades due to the advantages they offer for temporary and permanent constructions. Fabric facades are a rapidly growing segment with significant scope for innovation. Also, with increasing concerns towards the environment, demand for lighter and environmentally friendly building materials has risen. The market is expected to expand as awareness of architectural fabrics increases among architects and clients. Currently, marketers are engaged in creating new divisions dedicated to promoting and selling innovative façade systems in addition to awnings, canopies, and fabric structures. With more education and influence of owners, contractors and architects, the market is likely to expand.
Industry Definition and Major Segments
Architectural fabrics are tensile fabrics used to construct tensile surfaces, such as canopies, roofs, and other types of shelter. Tension forces applied by a structural framework, cabling system, internal air pressure, or a combination of the aforementioned keep the architectural fabrics in place. The architectural fabric usually consists of a woven base cloth with an impervious polymer on both sides and, in some cases, a tough topcoat.
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By type, the market is segmented into:
By application, the market is divided into:
- Canopies and Awnings
- Tensile Architecture
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Architectural fabric is flexible and highly alterable. While it functions well as a temporary or short-term solution, it is an added advantage that it can be changed or modified easily if building or construction plans change in short to medium term. It is also cost-effective. Architectural fabrics are expected to play a key role in adaptable office spaces, where structures might need to be changed or rotated at periodic intervals. Apart from this, research and development of products to produce better and more long-lasting outcomes is also a key driver of market expansion. Some of the important variables linked to the market’s global growth include an increased focus on renovation activities and ageing infrastructure. The establishment of new manufacturing units of the products in various regions by key players is also predicted to be a crucial driver.
Key Market Players
The major players in the market are Saint Gobain, Sioen Industries NV, Low and Bonar, Serge Ferrari. Sattler AG, and Taiyo Kogyo Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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