Membrane Structures - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Membrane Structures Market is accounted for $6,820.25 million in 2019 and is expected to reach $10,309.26 million by 2027 growing at a CAGR of 5.3% during the forecast period. Rising investments in infrastructure development, rising popularity of structural membrane in commercial and recreational sector are the major factors propelling the market growth. However, stringent government regulations for manufacturing PVC/PTFE/and ETFE are hampering the market growth.
The membrane structure is a spatial structure that is made from tensioned membranes. It is lightweight and can readily be adapted in a variety of applications such as long-span roofs, canopies, facade enclosures, and interior finishes. It uses high strength flexible membrane material and auxiliary structure to produce certain pre-tensioning stress in its interior, and thus forms a certain spatial shape under stress control. This structure has enough stiffness to resist external loads. Membrane materials have certain transmittance, which helps to reduce lightning intensity during the day and saves energy. Additionally, membrane materials have flame retardancy and high temperature resistance, which can meet the fire protection requirements.
Based on the end user, the commercial segment is going to have a lucrative growth during the forecast period due to its plethora of applications in industrial, recreational and sports facilities, office space, infrastructure, and others. Membrane structures are used in malls, airports, and office buildings as a cost-effective alternative to facilitate additional constructions such as building facades, parking spaces, and entrances. Growing number of commercial buildings, such as malls, airports, and office spaces, spur the demand for membrane structure. Adoption of a capitalist approach, rising middle-class population, and growing internet penetration have ushered the era of global trading and international business collaborations. Multinationals companies are now building headquarters to facilitate R&D and other operations in emerging economies resulting in the expansion of airports. For instance, passenger traffic grew by around 5.2% in 2017, as per Airports Council International.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the improving infrastructures in education and transportation, combined with economic improvement and rising foreign investments. India has the largest population, which has led to significant foreign direct investment in the education sector, further driving the demand for membrane structure. Additionally, Asia-Pacific has been one of the leading economies to provide efficient rail transport and has one of the largest metro networks worldwide. Thus, rapid developments and advances in education and transportation sectors have surged the use of membrane structures in the region.
Some of the key players profiled in the Membrane Structures Market include Atex Membrane, Chukoh Chem, Guardtex, Heytex, Hiraoka, Jinda, Kobond, Mehler, Naizil, ObeiKan, Saint-Gobain, Sattler, Seaman Corp, Serge Ferrari, Sijia, Sika, Sioen, Taconic-AFD, Veik, Verseidag, Xinyida, and Yilong.
• Ethylene Tetrafluoroethylene (ETFE) Sheeting
• Glass Fabric
• Polyester Fabric
• Ethylene Tetrafluoroethylene Film
• Polytetrafluoroethylene Fiberglass (PTFE)
• Polyvinyl Chloride (PVC)
• Translucent Polyethylene Fabric
Sales Channels Covered:
• Direct Channel
• Distribution Channel
• Air-Supported Structures/Pneumatic Structures
• Frame Structure
• Tensile Structures
End Users Covered:
• Sports Facilities
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
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