Webbing Market Size to Reach USD 1745.84 million till 2028 by Analyzing Global Demand and Growth

The webbing market is projected to reach US$ 1745.84 million by 2028 from US$ 1,195.35 million in 2020; it is expected to grow at a CAGR of 5.1% from 2021 to 2028. Webbing is a strong woven fiber available in flat strips or tube form; it is used as a substitute of rope. Conventionally, webbing is produced using cotton and silk, however, polymer, nylon, and polyester are replacing the traditional materials. Webbing is known for its properties such as convenience, tensile strength, and chemical resistance; it can be used as a replacement of steel wires, ropes, or chains in various industrial applications. Webbings are significantly used in military apparels, parachutes, climbing, automotive textile, fire safety gear, military goods, harnesses, packs, hiking gear, and others. Other than this, webbing is extensively used to produce protective equipment for oil & gas workers.

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Players Mentioned are -

American Cord & Webbing Co., Inc.
Bally Ribbon Mills
Belt-tech
E. Oppermann GmbH
Murdock Webbing Company, Inc.
Narrowtex Australia
National Webbing Products Co.
Ohio Plastics Belting Co.
Ribbon Webbing Corp
Tennessee Webbing Products

The demand for man-made webbing has risen more significantly than natural webbing materials. Aramid fibers, polybenzoxazole, polyester, polypropylene, and nylon are the several types of synthetic materials used in webbing. Polyester is known for its outstanding characteristics such as high tensile strength and easy maintenance along with resistance toward water, abrasions, and ultraviolet radiations, stretching, shrinkage, resistance, and chemicals. Therefore, polyester-based webbings are being used in a diversified range of application such as marine fabric applications, bag handles, sail ties, and support straps.

Impact of COVID-19 Pandemic on Webbing Market

As of June 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms of COVID-19 cases and deaths. Measures imposed in several countries to contain the disease spread, including lockdown, travel bans, and business shutdowns, have severely impacted economies and industries. Chemicals & materials is one of the major industries experiencing severe disruptions due to the discontinuation of supply chains and plant operations. The shutdown of manufacturing plants in key regions such as North America, Europe, and APAC has hampered the global supply chain, thereby affecting manufacturing processes, distribution schedules, and product sales.

The report includes the segmentation of the webbing market as follows:

By Material

Natural
Man-Made
By Product

Flat Webbing
Tubular Webbing
Others
By End Use

Aerospace
Automotive
Military
Industrial and Safety
Fashion Accessories
E-Textile
Sport Goods
Marine
Medical

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This release was published on openPR.