The Global Industrial Fabric Market is projected to reach a value of over USD 179.4billion by 2027 at a CAGR of around 4.3%.
Industrial fabricsarematerialsutilized for manufacturing parts of structures, machines, and various other technical fabrics. These fabrics are designed and manufactured to use in processes, products, and services of non-textile industries. Good elasticity, high strength, inexpensive production, durability, weather resistance, and low maintenance are some of the properties offered by industrial fabrics. Industrial fabrics differ from textile fabric as they are made of high-performance yarns, fibers, and chemicals that help to prevent failures which may lead to dangerous consequences.
Market Driver:
. Automotive production in the Asia-Pacific, Latin America,, and Africa has increased rapidly owing to rapid industrialization, availability of resources, and cheap labor. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total production of automotive vehicles was 91,786,861units in 2019.Industrial fabrics are used widely in vehicles such as trains, buses, aircraft, cars, and marine vehicles. Moreover, properties of industries fabrics such as weather-resistant, good elasticity, high strength, and durability haveincreased its adoption in the automotive industry for manufacturing carpets, seating fabrics, airbags, tyres, safety belts, and others. Thus, increasing demand for industrial fabrics from the automotive industry in order to improve the performance of automotive parts has anticipated to drive product growth.
Market Restraints:
Stringent regulations have been imposed by various governing bodies in different countries regarding the manufacturing of industrial fabrics. Industrial fabrics are subjected to various regulations in its entire ecosystem from sourcing, designing, pre-shipment and manufacturing stage. For instance, ASTM ha imposedASTM D5034 - 09(2017)standards is a grab test for determination of breaking force and elongation of commercial shipments of fabrics. Thus, strengthen regulations imposed by various governing bodies across the globe has expected to hinder the growth of industrial fabric market.
The report on the industrial fabricmarket covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Fiber Type,Raw Material,Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Industrial Fabric Market, by FiberType
Industrial Fabric Market, by Raw Material
Industrial Fabric Market, by Application
Industrial Fabric Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INDUSTRIAL FABRIC MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY