South Korea, Singapore, Taiwan, Vietnam, India, and China to Be the Frontrunners in Asia-Pacific’s Membrane Structure Market

Wed, 23 September 2020 10:58

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)

Indian-Spending-on-Infrastructure-development-during-11th-and-12th-Five-Year-Plan-2008-2017

Membrane Structure Market: Segmentation

By Type

  • Tensile Membrane Structure
  • Frame Membrane Structure
  • Air-Supported Membrane Structure

By Material

  • PVC
  • Polytetrafluoroethylene
  • Ethylene Tetrafluoroethylene
  • Translucent
  • Polyethylene Fabric

By Application

  • Residential
  • Commercial

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Russia
  • The U.K.
  • Italy
  • Spain
  • Poland
  • Portugal
  • The Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • The Rest of APAC

Central and South America and the Caribbean

  • Argentina
  • Brazil
  • Columbia
  • The Rest of CSAC

The Middle East

  • Oman
  • The UAE
  • Saudi Arabia
  • Bahrain
  • Qatar
  • The Rest of ME

Africa

  • South Africa
  • Tanzania
  • Ghana
  • The Rest of Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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