Press release
Industrial Fabric Global Market Size, Share, Future Trends, Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities By 2033
Industrial Fabric Market
The Business Research Company offers in-depth market insights through Industrial Fabric Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial fabric market size has grown strongly in recent years. It will grow from $139.31 billion in 2023 to $150.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in manufacturing and industrial sectors, expansion of construction activities, automotive industry requirements, agricultural applications, environmental concerns and regulations.
The industrial fabric market size is expected to see strong growth in the next few years. It will grow to $197.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rise in infrastructure projects, expanding e-commerce and logistics, advancements in agriculture techniques, increased emphasis on sustainable solutions, innovation in protective clothing. Major trends in the forecast period include customization and specialization in fabric solutions, growth in demand for high-temperature resistant fabrics, utilization of industrial fabrics in architecture, expansion of industrial fabric applications in healthcare, integration of digitalization in fabric manufacturing..
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Market Segmentation:
The industrial fabric market covered in this report is segmented -
1) By Fiber Type: Aramid, Polyester, Polyamide, Nylon, Fiberglass, Composite, Kevlar, Graphite, Other Fiber Types
2) By Application: Conveyor Belt, Automotive Carpet, Flame Resistance Apparel, Transmission Belt, Protective Apparel, Other Applications
3) By End-User: Clothing, Homeware, Accessories, Other End-Users
Major Driver - Surging Vehicle Production Fuels Demand For Industrial Fabrics
Increasing demand for vehicle production is expected to propel the growth of the industrial fabric market going forward. Vehicle production is creating motorized vehicles, such as cars, trucks, motorcycles, and other types of vehicles. Industrial fabrics like polyester and nylon are used in vehicle production, and polyester fiber may be found in a variety of applications in the automobile sector, including knitted, woven, and nonwoven textiles, particularly needle punch and stitch bond fabrics used as face materials, and woven fabrics in airbags and seat belts. For instance, in April 2022, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry, around the world, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020. Therefore, an increasing demand for vehicle production is driving the growth of the industrial fabric market.
Competitive Landscape:
Major companies operating in the industrial fabric market report are Saint-Gobain S.A., Bridgestone Corporation, Kimberly-Clark Corporation, Toray Industries, Toray Industries Inc., Berry Global Inc., DuPont de Nemours Inc., Ahlstrom-Munksjö Oyj, Donaldson Company Inc., Milliken & Company, Lenzing AG, Freudenberg Performance Materials SE & Co KG, Low & Bonar PLC, Forbo International SA, Albany International Corp., Cone Mills Corporation, Johns Manville Corp, Hollingsworth & Vose Co, Fitesa SA, Scott Bader Co Ltd., GSE Environmental, Habasit AG, Leigh Fibers, Tabb Textile Company Inc., Apex Mills Corp, MBK Tape Solutions, Eastex Products LLC, Dunham Rubber & Belting Corp, Herculite Products Inc., Jason Mills LLC, Barnet Gmbh & Co Kg, GR Henderson Co Textiles Ltd., TVF Carmel
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Top Trend - Innovative Inherently Flame-Resistant Stretch Fabric
Product innovations are the key trend gaining popularity in the industrial fabric market. Major companies operating in the industrial fabric market are adopting new technologies to sustain their position in the market. For instance, in May 2023, TenCate Protective Fabrics, a US-based manufacturer of protective fabrics, launched Tecasafe 360+, an inherently flame-resistant stretch fabric. The Tecasafe 360+ combines the protection of flame-resistant (FR) materials with the comfort and wearability of intrinsic stretch technology. Tecasafe 360+ satisfies all the requirements for contemporary FR-textile-wearing professionals by fusing a specific blend of intrinsic FR materials with the ground-breaking stretch properties of XLANCE fibers. Industrial textiles manufactured with the new technology will be cool to touch, anti-bacterial, anti-viral, mosquito repellent, anti-odor, and antistatic, among other features.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Fabric Market Characteristics
3. Industrial Fabric Market Trends And Strategies
4. Industrial Fabric Market - Macro Economic Scenario
5. Industrial Fabric Market Size And Growth
…..
27. Industrial Fabric Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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