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.
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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.
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