Increasing constructional and renovation and refurbishing activities and rising government investments in developing infrastructures, such as airports, stadiums, and other facilities, drives the market growth. Several types of membranes give a fascinating appearance as well as offers functional properties, such as corrosion resistance, water, and fire retardant, that help construct state-of-the-art structures. Modern-day construction demands innovative technologies involving the use of energy-efficient resources, which drives the market growth.
Increasing disposable income, especially in developing economies, is driving the demand for leisure and travel, further fueling the demand for structure membrane. For instance, the tensile membrane structure is heavily used in the construction of a recreation building for amusement. As per the Indian Brand Equity Foundation (IBEF), the travel and tourism industry is expected to contribute USD 423.7 billion to the country’s GDP in 2026 from USD 100 billion in 2017 at a CAGR of 6.66%
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Membrane Structure Market in Asia-Pacific
Booming automotive and industrial sectors and increasing applications of technical textiles in the building and construction industry bolsters the market growth. South Korea, Singapore, Taiwan, Vietnam, India, and China, are making a significant move in the global membrane structure market. Vietnam has started expanding its reach to industrial fabrics and high‐end textiles, including coated fabrics. On the other hand, Taiwan’s textile industry is focusing on R&D activities for developing a combination of fashionable, functional, and eco‐friendly textiles. As per our database, around 55 new airports will be constructed in India by 2030, with an investment of USD 36–45 billion.
Figure: Indian Spending on Infrastructure development during 11th and 12th Five-Year Plan, 2008–2017 (USD billion)
Membrane Structure Market: Segmentation
Central and South America and the Caribbean
The Middle East
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* Customer Behaviour Analysis
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