Industrial Fabric Market | Key players operating in the market include Forbo International SA, Ahlstrom-Munksjo, Habasit AG, Toray Industries, ContiTech AG

According to recent market research "Industrial Fabric Market by Fiber Type (Polyamide, Polyester, Aramid, Composite, and Others), Applications (Conveyor Belt, Transmission Belt, Protective Apparel, Automotive Carpet, Flame Resistance Apparel, and Others) , Region - Global Forecast to 2025", The global industrial fabric market size is expected to grow from USD 108.3 billion in 2020 to USD 162.9 billion by 2025, at a CAGR of 8.5% during the forecast period. Industrial fabric is extensively being used in the manufacturing of protective apparel for the chemical, sports, medical, and other end-use industries. The increasing demand for automotive vehicles supports the demand for industrial fabric in automotive carpet applications.

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The polyester resin-based industrial fabric s accounted for a larger share in the industrial fabric market. Polyester resins are less expensive and possess properties such as good corrosion resistance, fast curing, durability, tolerance to temperature, and low thermal expansion. The automotive industry is one of the major consumers of polyester industrial fabric as this fabric offers good UV and abrasion resistance, good tearing strength, and ease of cleaning. Toray, W. Barnet GmbH & Co. KG, and Johns Manville are some of the prominent polyester industrial fabric manufacturers.

Automotive carpet is the largest application of industrial fabric. Polyester is a major fiber used in the production of automotive carpets. Industrial fabric offers excellent durability, high abrasion resistance, quick dyeing, and stain resistance. Some of the prominent automotive manufacturers such as Nissan, Toyota, and Lexus use automotive carpet manufactured by DowDuPont under the brand Sorona. The demand for industrial fabrics from automotive carpet applications is expected to decline in 2020 due to lower sales of new vehicles in the first half of 2020. Also, major manufacturers temporarily closed their plants during the lockdown. The demand is expected to recover after the COVID-19 pandemic is under control.

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Industrial fabrics are used in a variety of applications, including conveyor belt, transmission belt, protective apparel, automotive carpet, flame resistance apparel and others. It possesses high strength, scrub resistance, and good light stability, which makes it useful in applications such as conveyor belt, protective clothing, warp knitting, hoses, industrial sewing threads, and narrow & broad fabrics. However, amidst the global COVID-19 pandemic, the demand for industrial fabric s from the industries mentioned above is expected to show a sharp decline. The global composites market size is expected to grow from USD 108.3 billion in 2020 to USD 162.9 billion by 2025, projecting a CAGR of 8.5 % during the forecast period between 2020 and 2025.

Key players operating in the industrial fabric market offer high-grade industrial fabrics and are focused on adopting inorganic and organic growth strategies to strengthen their market positions. These players have adopted partnerships, expansions, acquisitions, and new product developments as their key growth strategies between 2013 and 2018.

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Habasit AG is one of the prime players in the industrial fabric market. The company is a prominent supplier of belting solutions to various industries, such as food, textile, automotive, packaging, business machines, wood, and printing & paper. The company is highly focused on the new product development strategy. For instance, in April 2018, the company introduced a new polyether-based TPU food belt, which offers enhanced food safety and longer service life.
Ahlstrom-Munksjö is another major player in the industrial fabric market. The company offers a wide variety of fabric-based products for transportation, wind, construction, and other industries. The company has adopted various strategies to cater to the increasing demand in the market. For instance, in July 2018, it launched Highflow, which is a new fabric for use in the production of wind turbine blades. The company also merged with Munksjö Oyj to provide innovative fiber-based solutions and enhance its product portfolio.

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