The global buildtech textiles market size is anticipated to reach USD 19.04 billion by 2025, expanding at a CAGR of 5.8% during the forecast period, according to a new report by Grand View Research, Inc. Rising awareness among builders regarding the use of sound-absorbing and heat insulation materials that are sustainable and durable is anticipated to drive the product demand.
Increasing
investments in infrastructure and commercial construction are expected to fuel
the product demand over the forecast period. The change in government regulations
regarding reducing greenhouse gas emissions and promoting the development of
energy-efficient and zero-energy buildings is projected to complement market
growth.
Steady
population growth, availability of skilled labor, and technological
advancements in the emerging economies of China, India, and Brazil are other
factors expected to drive the construction industry over the forecast period.
The rise in construction activities is estimated to drive the demand for
construction materials, including buildtech textiles, for providing protection
against chemicals, UV rays, and heat.
Full Research Report On Buildtech Textiles Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/buildtech-textiles-market
Further key
findings from the report suggest:
- The
application of buildtech textiles in the residential application in North
America is estimated to witness a CAGR of 5.9%, in terms of revenue, from
2019 to 2025 owing to the rising population, urbanization, and increased
immigration rate in the region
- The woven
buildtech textiles is estimated to reach USD 5.32 billion by 2025, on
account of the product’s attributes including high strength and high
strength to weight ratio along with low cost
- The synthetic
buildtech textiles are estimated to witness a CAGR of 5.6%, in terms of
revenue, on account of superior performance characteristics of the product
such as high stiffness and increased permeability of the fabrics
- Asia Pacific
accounted for 38.2% of the global revenue share in 2018, owing to the
growth of the construction industry in the developing economies of China
and India coupled with rising demand for green buildings
- Major market
players are focusing on expanding their geographic reach and increasing
the company’s product portfolio, thereby obtaining a significant share in
the buildtech textiles market
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https://www.grandviewresearch.com/industry-analysis/buildtech-textiles-market/request/rs1
Grand View Research has
segmented the global buildtech textiles market on the basis of raw material,
product, application, and region:
Buildtech Textiles
Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Natural
- Synthetic
- HDPE
- PET
- Nylon
- Polyethylene
- Polypropylene
- Others
Buildtech Textiles
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Woven
- Non-woven
- Knitted
- Others
Buildtech Textiles
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Residential
- Non-residential
Buildtech Textiles
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Russia
- Spain
- U.K.
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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