Press release
Industrial Fabrics Market Dynamics, Comprehensive Analysis, Business Growth, Share, Industry Size, Prospect and Forecast Opportunities 2019-2023
Industrial Fabrics Market,Industrial Fabrics Industry, Industrial Fabrics Business
Industrial fabrics are designed and engineered to use in products, processes, and services of non-textiles industries. These fabrics offer high strength, durability, inexpensive production, good elasticity, low maintenance, and weather resistance. Industrial fabrics are especially useful in the manufacturing of tents, awnings, graphic banners, and roofing.
Industrial Fabrics Market Competitive Analysis:
Some of the manufacturers operating in the global industrial fabrics market are;
• Forbo International SA (Switzerland)
• Ahlstrom-Munksjö (Finland)
• Habasit (Switzerland)
• TORAY INDUSTRIES, INC. (Japan)
• ContiTech AG (Germany)
• Cerex Advanced Fabrics, Inc. (US)
• W. Barnet GmbH & Co. KG (Germany)
• DowDuPont (US)
• Johns Manville (US)
• Fitesa SA (Brazil)
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Industrial Fabrics Market Regional Analysis:
The global industrial fabrics market has been segmented into five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for industrial fabrics in the automotive industry. According to Organization International des Constructers d' Automobiles, vehicle production in China stood at 29,015,434 in 2017, which was followed by India with 4,782,896 units in the same year. The rising disposable income and the changing lifestyle trend of the consumers in the region is driving the market growth. Moreover, the increasing use of industrial fabrics in construction for applications such as insulating and draining fabrics, roofing textiles, shading fabrics, and draught strip for doors and windows is another factor influencing the market growth positively.
The rapid industrialization and urbanization in the emerging economies of Asia-Pacific such as India, Thailand, Indonesia, and Malaysia are driving the demand for industrial fabrics for above mentioned applications. According to Invest India, the construction market in India is expected to become the third-largest worldwide and is projected to grow at a CAGR of 5.6% from 2017 to 2020. The rising demand for commercial space due to the growth of service sectors such as Information Technology, Banking, Financial Services, and Insurance, and telecommunications is leading to increased construction, which in turn, is driving the growth of the industrial fabrics market.
Industrial Fabrics Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Industrial Fabrics Market
Industrial Fabrics Market Table of Content to be Continue…….,
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