ID: MRFR/CnM/5803-HCR | 185 Pages | Author: Anshula Mandaokar | October 2023
Industrial Fabrics Market is projected to be worth USD 192.86 billion by 2030, registering a CAGR of 8.7% during the forecast period (2022 - 2030). The market was valued at USD 110.35 billion in 2021. The industrial fabric markets are mainly non-apparel and high performance. Highly functional fabrics are mostly used in commercial and industrial applications. These are used as components of other products to alter their functional properties, strength, and functionality, and the growing demand for such fabrics is aimed to prevent mishaps and handle environmental stress and mechanical stress. However, the increasing demand for geosynthetics from various end-use sectors is one of the important drivers for these markets.
Industrial fabrics are aimed to experience a high growth rate due to the high demand from the automotive sector, and according to research, it is shown that almost 45 sq. meters of textile materials are used in a car for interiors, which includes seats, headlines, carpets etc. The fabrics that are used in a vehicle are extremely lightweight. Geosynthetic is one of the applications of industrial fabric that have been getting popularity for the last few decades.
Some of the manufacturers operating in the global industrial fabrics market are Forbo International SA (Switzerland), Ahlstrom-Munksjö (Finland), Habasit (Switzerland), TORAY INDUSTRIES, INC. (Japan), ContiTech AG (Germany), Cerex Advanced Fabrics, Inc. (US), W. Barnet GmbH & Co. KG (Germany), DowDuPont (US), Johns Manville (US), and Fitesa SA (Brazil).
Industrial Fabrics Market, by Application (%)
Source: MRFR Analysis
The global industrial fabrics market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global industrial fabrics market in 2017 due to the high production and sales of automobile in the region. Furthermore, the growth of the construction industry on account of the rapid industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore, is fueling the market demand.
The market in Europe is driven by the increased production and sales of automobile parts in the Western European countries such as Germany, Italy, UK, and France.
North American market is expected to witness a high growth of the market owing to the high demand from the sustainable construction in the region.
The global industrial fabrics market has been segmented on the basis of fiber type, application, and region.
Based on fiber type, the market has been segmented into polyamide, polyester, aramid, composite, and others.
By application, the market has been segmented into automotive carpet, conveyor belts, transmission belts, protective apparels, flame resistant apparel, filter media, and others.
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 192.86 billion |
CAGR | CAGR of 8.7% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Basis of fiber type, application, and region. |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Forbo International SA (Switzerland), Ahlstrom-Munksjö (Finland), Habasit (Switzerland), TORAY INDUSTRIES, INC. (Japan), ContiTech AG (Germany), Cerex Advanced Fabrics, Inc. (US), W. Barnet GmbH & Co. KG (Germany), DowDuPont (US), Johns Manville (US), and Fitesa SA (Brazil). |
Key Market Opportunities | Overview of garment & apparel industry in India. Textile FDI, textile export from India, and investment opportunities. |
Key Market Drivers | Major driver of the industrial fabrics is its use in manufacturing of geotextiles. The rising infrastructural development across the globe owing to the fast-paced industrialization. |
Industrial fabrics are designed to use in products, processes, and services of non-textiles industries. Polyamide, aramid, polyester, and composite are the main fiber types used in the making of industrial fabrics.
Automotive carpet, conveyor & transmission belts, protective & flame resistant apparel, and filter media are some of the major applications of industrial fabrics.
By fiber type, the polyester segment and by application, the automotive carpet segment account for the leading share in the global industrial fabrics market.
Asia Pacific holds the largest share in the global industrial fabrics market, followed by North America and Europe, respectively.
Ahlstrom-Munksjö (Finland), Forbo International SA (Switzerland), Habasit (Switzerland), ContiTech AG (Germany), Toray Industries, Inc. (Japan), Cerex Advanced Fabrics, Inc. (US), DowDuPont (US), W. Barnet GmbH & Co. KG (Germany), Fitesa SA (Brazil), and Johns Manville (US), are some of the major players operating in the industrial fabrics market.
Key Questions Answered
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