Architectural Membrane Market to Develop Rapidly by 2018 - 2028
Global Architectural Membrane Market: Definition and Introduction
Technological advancements in the construction industry and increasing innovative projects worldwide will generate significant demand for architectural membranes. Architectural membranes are classified into various types on the basis of materials, such as tensile membranes, fabric membranes, ETFE sheeting membranes, polyester membranes and glass fabric membranes, among others. Architectural membranes are being preferred these days as they provide a better-aerated frame structure and unique mechanical characteristics. Moreover, these membranes in permanent structures provide better stability in terms of dimensions. Architectural membranes have low maintenance cost and have the ability to resist with UV rays, weathering agents, staining and aging.
Architectural membranes find a wide range applications in various end-use areas, such as commercial construction, roads and public construction, performance building construction, residential construction, etc.
Global Architectural Membrane Market: Dynamic
The global architectural membrane market is primarily being driven by the growth in the construction industry in developing as well as developed economies. For instance, rising demand for architectural membranes is being registered from malls, universities, lodges, bridges, restaurants and healthcare institutions, etc. Newly developed constructions and housing recovery are expected to drive residential and commercial construction sectors, which in turn, will fuel the demand for architectural membranes during the forecast period.
Exterior as well as interior decoration is becoming a worldwide trend. A wide array of architectural membranes provide resistance against external environmental conditions and are thus, used for these purposes. Moreover, architectural membranes are translucent, water repellent and fire retardant. Due to this, they are a favorable choice for residential applications. These superior properties make architectural membranes quite effective in construction activities. Government initiatives towards increasing infrastructural investments will be a key trend that will give a boost to the global architectural membrane market in the next few years. However, the availability of substitutes will restrain the growth of the global architectural membrane market during the forecast period.