Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 579.58 Million | USD 1735.28 Million | 11.59% | 2024 |
The global concrete canvas market size was worth around USD 579.58 Million in 2024 and is predicted to grow to around USD 1735.28 Million by 2034 with a compound annual growth rate (CAGR) of roughly 11.59% between 2025 and 2034. The report analyzes the global concrete canvas market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the concrete canvas industry.
Concrete Canvas (CC) is a unique material. It has a wide range of uses in the building and civil engineering industries. Concrete canvas is a flexible, cement-impregnated cloth that hardens when wet to form a thin, water- and fire-resistant concrete covering. Concrete construction with CC eliminates the requirement for a plant or mixing equipment. Simply place the canvas and add water. CC has a design life of more than 10 years and is substantially faster and less expensive to install than traditional concrete.
CC is made up of a three-dimensional fiber matrix that contains a specifically tailored dry Concrete mix. A PVC backing on one side of the cloth assures complete waterproofness, while hydrophilic fibers (Polyethylene and Polypropylene yarns) on the other side promote hydration by drawing water into the mixture. The material can be hydrated by spraying or immersing it completely in water. It is readily nailed, stapled, or coated with adhesive for attaching to other surfaces. When the fibers are set, they strengthen the concrete, reducing fracture growth and creating a safe plastic failure mode. CC is offered in three thicknesses: CC5, CC8, and CC13, which are 5, 8, and 13 mm thick, respectively.
The unique properties of concrete canvas drive the market growth
Concrete Canvas GCCM's distinctive structure makes it simple to install for a wide range of applications, including channel lining, slope protection, and containment. It may be sliced and shaped into a variety of irregular shapes, put in trenches, or hung vertically. Concrete Canvas materials, in contrast to normal concrete, can be installed in the rain and other wet situations, virtually eliminating the need to reschedule projects. It has a small ecological footprint owing to its low wash rate and low alkaline reserve. Therefore, the unique properties of the concrete canvas are expected to drive the growth of the global concrete canvas market during the forecast period.
Volatility in raw material prices
The cost of the energy and raw materials used in the manufacture of the concrete canvas are variable, and this trend is anticipated to continue for the duration of the projected time. Given the volatility of crude oil and hydrocarbon prices, coatings, color powders, plaster, sealants, and adhesives used in concrete projects may become more expensive as a result of rising raw material prices. Therefore, the price of these leads material affects the cost of the concrete canvas. Market expansion is hampered by vendors raising product prices or reducing profit margins in response to rising raw material costs.
An increase in construction activities and government initiatives provides a lucrative opportunity for the market expansion
The use of concrete canvas in the construction industry has grown as a result of the rise in maintenance and repair activities related to construction in recent years, which can be attributed to several factors, including government regulations and developments combined with an increase in government initiatives to expand infrastructure and restore existing buildings and facilities. For instance, India's construction activity increased by 12% in 2020 over the previous two years. The Indian government has approved 750 billion rupees worth of projects.
Moreover, according to Invest India, the highways sector in India has been at the forefront of performance and innovation. The government has successfully rolled out over 60 road projects in India worth over $10 bn based on the Hybrid Annuity Model (HAM). HAM has balanced risk appropriately between private and public partners and boosted PPP activity in the sector. This has a significant impact on how concrete canvas and associated products are used in the construction sector, which has a positive impact on the market for concrete canvas.
Lack of awareness to pose a challenge for market expansion
The global concrete canvas market for concrete canvas has a bright future due to the construction industry's tremendous growth. Consequently, people in some developing or undeveloped countries in Latin America, Asia, and Africa are less aware of these innovative concrete uses and the advantages they offer. The robustness, longevity, and adaptability of concrete canvas products and solutions are not well understood in rising markets in APAC and Central America. Consumer education on the positive environmental effects and impacts of the concrete canvas, as well as how it might promote a better lifestyle, is essential for the growth of this industry. Thus, the lack of awareness act as a major challenge to market growth.
The global concrete canvas market is segmented based on Application, End-user, and region.
Based on Application, the global concrete canvas market is divided into Ditch Lining, Slope Protection, Bund Lining, Pipe line protection, Others.
On the basis of End-user, the global concrete canvas market is bifurcated into Roadways Infrastructure, Railways, Petrochemical, Military & Defense, Mining, Municipal.
Report Attributes | Report Details |
---|---|
Report Name | Concrete Canvas Market |
Market Size in 2024 | USD 579.58 Million |
Market Forecast in 2034 | USD 1735.28 Million |
Growth Rate | CAGR of 11.59% |
Number of Pages | 173 |
Key Companies Covered | Concrete Canvas Ltd., Milliken and Co., Bekaert SA, Euclid Chemical, Nycon Corporation, Sika Corporation, Geofabrics, Titan Environmental Containment, and others. |
Segments Covered | By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific held the largest revenue share in 2021
The Asia Pacific region held the largest revenue share in the global concrete canvas market of more than 35% in 2021 and is expected to remain dominant over the forecast period. The growth in the region is attributed to the presence of various emerging economies such as China, Japan, and India along with increasing road and highway construction. For instance, during a joint press conference, the National Development and Reform Commission (NDRC) and the Ministry of Transport of China revealed a document titled National Highway Network Planning, which aims to build a new highway network that is fully functional, efficient, green, intelligent, and safe by 2035.
The plan involves highways with a total length of 461,000 kilometers, of which 162,000 kilometers will be expressways. The new plan will strengthen links between national highways and railway terminals, airports & ports, and expand the scope of railway, water, and civil transport services, in a bid to support national transport development plans. Thus, these facts supported the market growth in the Asia Pacific region over the forecast period.
On the other hand, Europe is expected to hold a significant market share over the forecast period. The demand for concrete canvas in Europe is driven by stringent government regulations regarding building green and sustainable buildings. For instance, in the Climate Target Plan 2030, the Commission suggested cutting net greenhouse gas emissions in the EU by at least 55% by 2030 compared to 1990. Energy efficiency is a critical component of action, and the building sector is one area where efforts must be increased.
To meet the 55% emission reduction objective, the EU needs to reduce greenhouse gas emissions from buildings by 60% by 2030, final energy consumption by 14%, and energy consumption for heating and cooling by 18%. As a result, the EU must prioritize efforts to make our buildings more energy-efficient, less carbon-intensive over their whole life cycle, and more sustainable. Applying circularity principles to building renovation will reduce materials-related greenhouse gas emissions for buildings. Thus, these facts supported the market expansion in the region.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the concrete canvas market on a global and regional basis.
The global concrete canvas market is dominated by players like:
The global concrete canvas market is segmented as follows;
By Application
By End-user
By Region
FrequentlyAsked Questions
Concrete Canvas (CC) is a unique material. It has a wide range of uses in the building and civil engineering industries.
The global concrete canvas market is expected to grow due to increasing demand for rapid and cost-effective construction solutions, growing infrastructural development and urbanization, especially in emerging economies, the ease of installation and use compared to traditional concrete.
According to a study, the global concrete canvas market size was worth around USD 579.58 Million in 2024 and is expected to reach USD 1735.28 Million by 2034.
The global concrete canvas market is expected to grow at a CAGR of 11.59% during the forecast period.
Europe is expected to dominate the concrete canvas market over the forecast period.
Leading players in the global concrete canvas market include Concrete Canvas Ltd., Milliken and Co., Bekaert SA, Euclid Chemical, Nycon Corporation, Sika Corporation, Geofabrics, Titan Environmental Containment, among others.
The report explores crucial aspects of the concrete canvas market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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