Fibres and Yarns

Textile Reinforced Concrete Market – Global Industry Analysis

Published: January 3, 2022

Author: DIGITAL MEDIA EXECUTIVE

Textile Reinforced Concrete Market: Introduction

Textile reinforced concrete is also known as a strain hardening composite. It is one of the concreting techniques used in textile materials, such as carbon fiber and fiberglass material, instead of steel reinforcing bars inside the concrete. The textile material is required to deliver high tensile strength without the elongation properties and has the excellent load-bearing capability. This requirement is offered by reinforced woven and non-woven fabrics.
The combination of material science and textile reinforced materials is widely used in modern days. Textile reinforced concretes find application in the construction of bridges, pillars, and road guards that are prepared using Kevlar material. These textile-reinforced concrete structures can withstand vibrations, torsion, and powerful jerks.
Textile reinforced concrete can be used in large structures, such as bridges, buildings, and full structures. Currently, there is no approval and testing procedure to use textile-reinforced concrete in regular constructions. Therefore, textile-reinforced concrete can be used in small structures such as facades, panels, and walls. The textile-reinforced concrete is also used in repair works to strengthen structures.

Key Drivers of Global Textile Reinforced Concrete Market

The textile reinforced concrete market is projected to grow at a rapid pace during the forecast period due to government initiatives for the construction of residential houses in an eco-friendly manner. Textile reinforced concrete finds application in the construction of parking, footpath, and bicycle paths, owing to its superior mechanical strength and low weight. These factors are likely to drive the market across the globe.
The rise in the construction of green buildings globally is projected to fuel the demand for textile-reinforced concrete during the forecast period. Countries such as the U.S., Canada, Germany, Australia, and South Africa hold green building initiatives. The growing demand for modern architecture in the construction industry is projected to boost the market for textile-reinforced concrete at a rapid pace during the forecast period.
Expansion of the construction industry at a rapid pace, owing to investments is likely to fuel the demand for construction materials in various regions. This factor is projected to propel the global textile reinforced concrete market in the near future.

Road Segment to Offer Attractive Opportunities Based on application, the road segment is likely to account for a major share of the global textile-reinforced concrete market during the forecast period. In several countries, the road needs to build as per international standards, owing to the huge population traveling from one destination to another. Most of the population is dependent on pathways and footways for traveling. Concrete materials must deliver high durability and excellent strength. Thus, textile-reinforced concrete is used. These factors are likely to drive market expansion across the globe.

The bridge application segment is projected to hold a significant share of the textile reinforced concrete market. Bridges use textile-reinforced concrete materials due to their excellent strength and long life. An increase in demand for sustainable and eco-friendly concrete materials to reduce carbon emissions and physical injuries to the public is likely to boost the demand for textile-reinforced concrete in the near future.
In Germany, most bridges are built using textile-reinforced concrete to provide strength to structures. The rise in demand for excellent concreting materials for commercial construction is projected to fuel the growth of the textile reinforced concrete market during the forecast period.

Stiff Competition from Substitutes to Hamper Market Expansion

Textile reinforced concrete faces stiff competition from conventional steel bar reinforced concrete and others. Conventional steel bar reinforced concrete is in use for a long time. Thus, this factor may hamper the market growth of textile-reinforced concrete.
The low penetration rate of textile reinforced concrete due to similar applications of precast concrete can restrain future opportunities for market expansion. Lack of awareness about the benefits of textile reinforced concrete due to its limited usage may hinder the market growth during the forecast period.

The Asia Pacific to Hold a Leading Share of Global Textile Reinforced Concrete Market

In terms of region, the market for textile-reinforced concrete can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
The Asia Pacific is a leading consumer of textile reinforced concrete followed by North America and Europe. The rise in demand for precast concrete in China, Japan, and South Korea is projected to offer growth opportunities for the textile-reinforced concrete market in the near future. Moreover, demand for precast concrete in the building & construction industry of developing economies of the Asia Pacific, such as China, India, and Indonesia, is expected to drive the textile reinforced concrete companies operating in the region.
An increase in investments by the government and FID flow in the construction industry in developing economies of Asia Pacific are factors anticipated to boost the textile reinforced concrete market in the region during the forecast period
The textile reinforced concrete market in North America and Europe is projected to expand at a moderate pace, owing to the consistent growth of the construction industry in both regions. Europe promotes the construction of green buildings to reduce the usage of environmentally damaging products in the construction industry. Moreover, growth in green building development projects across North America and Europe is projected to drive the textile reinforced concrete market in both regions.
Textile reinforced concrete market in Latin America and the Middle East & Africa is projected to expand at a sluggish rate due to the slow growth of the construction industry in both regions

Key Players Operating in Global Textile Reinforced Concrete Market

Several manufacturing companies are offering textile-reinforced concrete. Some of the key players operating in the global textile reinforced concrete market are: