Concrete Canvas Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Concrete Canvas market size is expected to be worth around US$ 791.5 million by 2028, according to a new report by Vision Research Reports.

The global Concrete Canvas market size was valued at US$ 328.5 million in 2020 and is anticipated to grow at a CAGR of 11.8% during forecast period 2021 to 2028.

Growth Factors

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.

Report Highlights

The slope protection application segment dominated the market and accounted for the largest revenue share of over 41.7% in 2020. Concrete canvas is widely used in slope protection applications owing to various advantages offered by the product such as fast construction, flexibility, and low labor cost.

The ditch lining segment accounted for a revenue share of over 22.%5 in 2020 in the concrete canvas market. Concrete canvas is used in ditch lining to prevent the growth of weed, erosion, and silt generation. It is faster than conventional concrete solutions in installation and also requires less crew for installation. These factors are projected to increase product demand over the forecast period.

The pipe protection segment held a significant revenue share of 16.5% in 2020. The product is used as a protective cover against leakage and corrosion in underground pipelines attributed to its ability to resist water pressure in pipes.

The others application segment includes vent walls, outfalls, gabion protection, remediation, etc. Concrete canvas is extensively used in the remediation of slopes and channels for low water flow conditions. Increasing channel and slope construction in emerging areas is projected to drive segment growth.

The military and defense segment dominated the market and accounted for the largest revenue share of over 33.03% in 2020. The product is used in various applications in the defense sector including protection, reinforcement, and erosion control. Concrete canvas is used for creating shelters for the army, which is expected to drive its demand in the sector over the forecast period.

The roadways infrastructure segment was valued at USD 59.4 million in 2020 and is projected to reach USD 133.1 million by 2027. Concrete canvas is largely being used in roadways infrastructure as a cost-effective alternative to conventional concretes for a wide range of projects in applications, including ditch and channel lining for water management.

The railways segment accounted for a revenue share of around 11.03% in 2020. Concrete canvas is increasingly being used in the rail sector owing to ease of installation, reduced line possession, and improved safety offered by the product. Rising government initiatives to increase road and rail construction in emerging countries is expected to fuel market growth. For instance, the Government of India allocated USD 10.9 billion for developing national highways in the country in 2020.

The petrochemical sector is projected to witness a volume-based CAGR of 9.5% from 2020 to 2027. The demand for concrete canvas is expected to gain momentum in the coming years owing to its increasing use in erosion control and containment control applications. Growing demand for petrochemicals owing its use in construction, manufacturing, and automotive industries is projected to drive segment growth.

Concrete canvas is largely accepted in mining sites where logical efficiency is required, as the product is ideal to be used in extreme environments. The product can easily be installed in mining sites with subzero temperatures. The municipal segment held a revenue share of 22.10% in 2020. The demand from the municipal sector is projected to gain momentum in the near future owing to increasing product use in sewage applications for reducing leakage and improving flow characteristics.

Asia Pacific dominated the market and accounted for the largest revenue share of over 38.0% in 2019. Enormous product demand is attributed to the presence of various emerging economies in the region coupled with increasing road and highway construction in countries such as India, Japan, and China.

In North America, the market is expected to gain pace in the coming years due to the increasing adoption of concrete canvas in erosion and containment control applications in the petrochemical industry. In 2018, the region accounted for over 90.0% of total shale gas production, which is expected to grow in the future. Rising shale gas exploration in the U.S. is projected to increase the growth of the petrochemical industry, which, in turn, can induce product demand in the coming years.

Key Players

  • Concrete Canvas Ltd.

  • Milliken and Co.

  • Bekaert SA

  • Euclid Chemical

  • Nycon

  • Sika Corporation

  • Geofabrics

  • Titan Environmental Containment

Market Segmentation

  • Application Outlook 

    • Ditch Lining

    • Slope Protection

    • Bund Lining

    • Pipe line protection

    • Others (Vent Walls, Outfalls, gabion protection, etc.)

  • End-user Outlook 

    • Roadways Infrastructure

    • Railways

    • Petrochemical

    • Military & Defense

    • Mining

    • Municipal

  • Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Indonesia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • UAE

The Concrete Canvas market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Concrete Canvas market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Concrete Canvas market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Concrete Canvas market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Concrete Canvas market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Concrete Canvas capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Concrete Canvas by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Concrete Canvas market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Concrete Canvas market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Concrete Canvas market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Concrete Canvas industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Concrete Canvas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Concrete Canvas market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Concrete Canvas market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Concrete Canvas market. These factors have benefited the growth of the global market for Concrete Canvas. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Concrete Canvas. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Concrete Canvas are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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