Concrete Canvas Market Size, Share, Growth Report 2032

Concrete Canvas Market Size & Industry Prospective:

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. 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 market.

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Concrete Canvas Market: Overview

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.

Key Insights

• As per the analysis shared by our research analyst, the global concrete canvas market is estimated to grow annually at a CAGR of around 12.5% over the forecast period (2022-2030).
• In terms of revenue, the global concrete canvas market size was valued at around USD 417 million in 2021 and is projected to reach USD 1205 million, by 2030.
• Rising construction activities, urbanization, and infrastructural development, especially in emerging economies have propelled the growth of the concrete canvas market.
• Based on the application, the slope protection segment is expected to dominate the market during the forecast period.
• Based on the end user, the military & defense segment held the largest revenue share in 2021.
• Based on region, the Asia Pacific held the largest revenue share in 2021.

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Concrete Canvas Market: Growth Drivers

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.

Concrete Canvas Market: Restraints

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.

Concrete Canvas Market: Opportunities

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.

Concrete Canvas Market: Challenges

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.

Concrete Canvas Market: Segmentation

The global Concrete Canvas market is segmented based on application, end user, and region

Based on the application, the global market is bifurcated into ditch lining, slope protection, bund lining, pipeline protection, and others. The slope protection segment is expected to dominate the global concrete canvas market over the forecast period. Compared to traditional concrete systems, CC can be laid up to ten times faster, minimizing site time and asset closures. Contrary to conventional techniques, CC produces no rebound, requires less line or lane possession, and can be built near sensitive infrastructure.

In comparison to normal OPC concrete, CC is five times more resistant to abrasion, has superior chemical resistance, performs well in weathering, and won't disintegrate in the sun. CC offers superior weed control while lowering threats to occupational health and safety, life cycle expenses, and maintenance. Thus, the use of concrete canvas in slope protection is very high, which in turn, drives segmental growth during the forecast period.

Based on the end user, the global market is segmented into roadways infrastructure, railways, petrochemical, military & defense, mining, and municipal. The military & defense segment accounted for the largest revenue share of more than 30% in 2021 and is expected to continue this pattern during the forecast period.

The product has many uses in the defense sector, including erosion control, strengthening, and protection. For the army's shelters, concrete canvas is employed, and this is what is anticipated to boost the sector's demand over the projection period. In addition, CC is the perfect building material for time-sensitive projects in distant places with limited resources because of its speed and ease of installation. Rolls of CC are available in man-portable sizes, enabling concreting work to be done without the use of plant machinery. CC-coated channels are impenetrable to tampering, and their non-metallic design makes them immune to IED detection. Compared to traditional construction materials, CC has a lower logistical footprint due to its high material efficiency.

Recent Developments:

• 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.
• In October 2021, Geofabrics Australasia Pty Ltd acquired Plascorp Holdings Pty Ltd. The acquisition creates one of the largest companies in Australia and New Zealand, manufacturing and selling highly engineered industrial products. The acquisition complements Geofabrics market leadership in building key roads, rails, and mining infrastructure through Australian manufacturing and the use of recycled materials.

Concrete Canvas Market Report Scope:

Concrete Canvas Market: Regional Analysis

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.

Concrete Canvas Market: Competitive Analysis

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.

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