Market Research Report
Concrete Canvas Market Size, Share & Trends Analysis Report By Application (Ditch Lining, Slope Protection, Bund Lining), By End User (Roadways Infrastructure, Railways), By Region, And Segment Forecasts, 2020 - 2027
|Concrete Canvas Market Size, Share & Trends Analysis Report By Application (Ditch Lining, Slope Protection, Bund Lining), By End User (Roadways Infrastructure, Railways), By Region, And Segment Forecasts, 2020 - 2027|
Published: December 4, 2020
Grand View Research, Inc.
Content info: 145 Pages
Delivery time: 2-10 business days
The global concrete canvas market size is expected to reach USD 791.3 million by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2020 to 2027. Growing demand from roadways and railways construction owing to high efficiency and low cost of the product is expected to remain the primary driver of the market.
Concrete canvas offer multiple benefits over conventional concretes such as high durability, eliminating need for concrete mixing equipment, flexibility, and cost effectiveness. Such benefits offered by the product are expected to increase its demand for construction materials used in highways and roadways as well as in the military and defense sector.
In addition, the product has a high threat of substitution from other conventional concretes present in the market as the technology on account of limited consumer awareness regarding the product. However, additional benefits offered by the product tighter with stringent government regulations regarding usage of green building products is projected to drive the market.
Rapid growth in highways and railways construction in Asian countries is the primary growth driver in the market. For instance, in India, national highways construction recorded a growth of around 20% from the previous year. Furthermore, rising government investments in highways construction is also forecasted to induce product demand in the coming years.