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Oct 5, 2020 12:21 PM ET

Global Industrial Fabric Market Set For Rapid Growth, To Reach USD 154.95 Billion By 2024

iCrowd Newswire - Oct 5, 2020

Zion Market Research has published a new report titled “Industrial Fabric Market by Fiber (Polyamide, Polyester, Aramid, and Composite) and by Application (Conveyor Belts, Transmission Belts, Protective Apparel, Automotive Carpet, and Flame Resistant Apparel): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024”. According to the report, global industrial fabric market was valued at USD 110.12 billion in 2017 and is expected to reach USD 154.95 billion in 2024, growing at a CAGR of 5.0% between 2018 and 2024.

The most widely used industrial fabrics are belting, filter cloth, conveyor belting, cord fabrics, hose fabrics, and press cloth. In some branches of the industries, synthetic films are replacing industrial fabrics. Industrial fabrics can be manufactured from virtually different fibers of textile fibers and threads. Some nonindustrial fabrics include serge, gauze, and calico, are also used for industrial purposes, in the production of gaskets, covers, and tracing cloth.

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Global Industrial Fabric Market

The market is driven by rising use of industrial fabric in the automotive industry and superior quality offered by the fabric is estimated to drive the market of industrial fabric over the forecast period. However, stringent government regulations are expected to impede the demand of the market. Nevertheless, opportunities in the filtration applications and emerging markets of APAC region are the major opportunities for the global industrial fabric during the projected years.

The market of industrial fabric is segmented into fiber, application, and region. Based on the key fiber, the industrial fabric market is divided into polyamide, polyester, aramid, and composite. Among all the fiber, polyester accounted for the largest market share in 2017, in terms of volume and value. Polyester industrial fabrics accounted for the largest market share owing to its increasing application in the transmission belts and conveyor belts, among other applications. The automotive industry is one of the major consumers for polyester industrial fabrics. These fabrics having superior properties include good tearing strength, good abrasion, and UV resistance, and ease of cleaning.

Asia Pacific region accounted the largest market share of industrial fabric in 2017 and is anticipated to be the dominating region in near future. The growing automobile industry and industrial development in the emerging economies such as China and India are anticipated to fuel the demand of industrial fabric market in the forecast period. North America and Europe are estimated to exhibit significant growth over the projected years. The Middle East and Africa and Latin America are expected to show moderate growth in the years to come, owing to less industrialization and developments in the region.

The key players in the global industrial fabric market are Forbo International SA, Ahlstrom-Munksjö, Habasit AG, Toray Industries, Inc., W. Barnet GmbH & Co. Kg, Contitech AG, Cerex Advanced Fabrics, Inc., Dowdupont, Johns Manville, Fitesa S.A., and G.R. Henderson Co. Textiles Ltd. The description of key players includes company overview, business, and recent developments, the financial overview of the manufacturers.

This report segments the industrial fabric market as follows: 

Industrial Fabrics Market: Fiber Analysis

Industrial Fabrics Market: Application Analysis

Industrial Fabrics Market: Region Analysis

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Keywords:    Industrial Fabrics Market

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