Global Concrete Canvas Market To Grow At A CAGR Of 12.5% By 2030

The global concrete canvas market size was worth around USD 417 million in 2021 and is predicted to grow to around USD 1205 million by 2030 with a compound annual growth rate (CAGR) of roughly 12.5% between 2022 and 2030.

Concrete is a vital building material. It plays an important role in infrastructure development and the building of living accommodations. Skyscrapers and high-rise buildings are built widely due to space utilization & economic developments. Thus, these developments require a base material to build the framework and lay foundations. Constructors widely use concrete for building such infrastructures.

One of the major factors driving the global concrete canvas market is the rising construction activities across the globe. Moreover, the increasing investments from emerging economies to boost their national growth are contributing significantly towards the expansion and growth of the global concrete canvas market.

The primary factors that fueled the growth of the global concrete canvas market are easy installation, low costs, and easy use. The increasing inclination of people towards more innovative and efficient construction materials is projected to boost the growth of the market significantly. These canvases are highly used in different applications like armor capping of earth bunds, surface erosion, slope protection, and construction of vent wall structures for mining. Moreover, these canvases are also used on agricultural sites as an alternative to traditional concrete in different regions across the globe.

The growing preference of consumers towards eco-friendly construction materials is further boosting the growth of the global concrete canvas market. Concrete canvas facilitates lesser carbon emissions when compared to traditional ones and thus is adopted widely across the globe. However, the volatility in the raw material price is expected to hamper the growth of the market during the forecast period.

The global concrete canvas market is segmented based on application, end user, and region.

Based on application, the market is segmented into ditch lining, slope protection, bund lining, pipeline protection, and others. The ditch lining segment accounted for a significant revenue share in 2021. For ditch lining, the concrete canvas is used to prevent weed growth, erosion, and silt production.

It may be installed more quickly than traditional concrete systems and with a smaller staff. On the other hand, demand for the product is anticipated to be driven by an increase in the use of concrete canvas in bund lining and containment solutions throughout the forecast period. Due to the protection, it offers against abrasion and erosion, the concrete canvas is utilized in a variety of industries, including the petrochemical and oil and gas sectors.

Based on end users, the market is segmented into roadways infrastructure, railways, petrochemical, military & defense, mining, and municipal. The roadways infrastructure segment is anticipated to hold a substantial revenue share over the forecast period. For a variety of purposes, including ditch and channel lining for water management, the concrete canvas is frequently utilized in roadway infrastructure as a more affordable option to traditional concretes. Besides, the railway segment grows at the fastest rate during the forecast period.

The segment growth is attributable to the product's simplicity of installation, reduced line possession, and increased safety, concrete canvas is being used more frequently in the rail sector. Market expansion is anticipated to be fueled by rising government initiatives to boost rail and road construction in emerging nations. For instance, the Indian government allocated USD 10.9 billion in 2019 to develop the nation's highways.

Among the regions, the Asia Pacific accounts for the largest share of the global concrete canvas market due to the enormous product demand in growing economies like China and India. Moreover, the growing road and highway constructions in the region to boost the development of a nation further fuel the growth of the regional markets. On the other hand, North America is anticipated to witness huge growth owing to the growing adoption of concrete canvas in containment and corrosion control applications in sectors like petrochemicals. Moreover, the rapid proliferation of the petrochemical industry in the region is likely to boost regional market growth during the forecast period.

The global concrete canvas market is dominated by players like Concrete Canvas Ltd, Milliken & Company., Bekaert., The Euclid Chemical Company, Nycon, Sika AG, GEOFABRICS AUSTRALASIA PTY LTD, Titan Environmental Containment., LafargeHolcim, Duraamen Engineered Products, Inc., Flowcrete Group Ltd., KÖSTER BAUCHEMIE AG, LATICRETE International, Inc., CTS Cement Manufacturing Corporation, TCC Materials, Larsen Building Products, GCT Gulf Concrete Technology, Sakrete, Arkema Group and Saint-Gobain, among others.

Recent Development:

• In March 2021, Concrete Canvas Ltd. introduced a major expansion into the U.S. market. Beginning March 25, a newly incorporated Concrete Canvas USA will take primary responsibility for the sale and master distribution of Concrete Canvas products across the United States. As one of the largest geosynthetic markets in the world, the United States is viewed as being integral to the continued growth of sales for Concrete Canvas’s erosion control and containment products.

This review is based on a report by Zion Market Research, titled “Concrete Canvas Market By Application (Ditch Lining, Slope Protection, Bund Lining, Pipe Line Protection, and Others), By End User (Roadways Infrastructure, Railways, Petrochemical, Military & Defense, Mining and Municipal), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/concrete-canvas-market

The global concrete canvas market is segmented as follows:

By Application

• Ditch Lining
• Slope Protection
• Bund Lining
• Pipe Line Protection
• Others

By End User

• Roadways Infrastructure
• Railways
• Petrochemical
• Military & Defense
• Mining
• Municipal

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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