Industrial Fabrics Market
Growth Factors of Industrial Fabrics Market
The industrial fabrics market size was valued at USD 155.13 billion in 2023, and the market is now projected to grow from USD 165.13 billion in 2024 to USD 267.48 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2024-2032.
The outbreak of COVID-19 affected the manufacturing industry and put all operations to a standstill for quite some time with measures including social distancing. Firms in manufacturing industries experienced halt in production based on governments action such as TATA Motors ceased production temporarily in its Pune plant to contain the disease. These steps were taken to mitigate the relationship between the pandemic and the supply chains as well as functioning of business across the globe.
Industrial fabrics that are on the rise are expected to post even more improvement in the future, this is attributed to increased demand from the automobile industries. Cars consume around 4600 square meters of textiles for Interior trims including seats, floor mats and side pillars amount to nearly 2% of the vehicle mass. These fabrics are necessary for creating lightweight and strength vehicles, for instance tires containing different materials such as glass cords or aramid fibers among others. With growth in vehicle production there will be a resultant demand for industrial textiles.
The industrial fabrics which mainly include commercial and industrial fabric are mostly produced with an aim of meeting specific performance standards. These fabrics improve the characteristics of other articles making them resistant to environmental and mechanical changes. Market demand for geosynthetics particularly for geotextiles in civil engineering and environmental constructions has also influenced the market. For instance, India is using geosynthetics in the National Highways and Infrastructure Development Corporation for augmenting the strength capability, and the longevity of structures.
Comprehensive Analysis of Industrial Fabrics Market
The industrial fabrics market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by fiber type analysis, and by application analysis. By fiber type analysis incudes polyamide, polyester, aramid, composites, and others. By application analysis incudes conveyor belts, transmission belts, protective apparel, automotive, flame-resistant apparel, and others.
The Asia Pacific region lead the industrial fabrics market share by benefitting a market size of USD 56.91 billion in 2023 due to the large manufacturing base coupled with the easy availability of raw materials.
Top players in the market have their responsibility of chemicals & advanced materials industrial prospectus growth of the retailing industry and the markets. These players include, Habasit AG, Dupont, Johns Manville, ContiTech AG, Toray Industries Inc., Cerex Advanced Fabrics Inc., Freudenberg & Co. Kg, Bridgestone Corporation, Barnet Gmbh & Co. Kg, Fitesa, G.R. Henderson Co. Textiles Ltd. these market players provide a level-playing competitive landscape.
In July 2022, DuPont launched DuPont Nomex Comfort with EcoForce technology, a flame-resistant fabric with a bio-based chemical-repellent finish aimed at enhancing worker safety and sustainability.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.3% during 2024-2032
Unit Value (USD Billion)
Segmentation By Fiber Type
- Polyamide
- Polyester
- Aramid
- Composites
- Others
By Application
- Conveyor Belts
- Transmission Belts
- Protective Apparels
- Automotive
- Flame Resistant Apparels
- Others
By Region
- North America (By Fiber Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Fiber Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Fiber Type, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Fiber Type, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Fiber Type, By Application, By Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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