Industrial Fabric Market
Industrial Fabric Market Forecasts to 2028 - Global Analysis By Fiber Type (Polyamide, Aramid, Polyester, Composite and Other Fiber Types), Application (Transmission Belt, Flame Resistant Apparel, Automotive Carpet, Protective Apparel, Conveyor Belt and Other Applications) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $19.2 BN |
|
Projected Year Value (2028) |
US $27.9 BN |
|
CAGR (2022 - 2028) |
6.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Industrial Fabric Market is accounted for $19.2 billion in 2022 and is expected to reach $27.9 billion by 2028 growing at a CAGR of 6.4% during the forecast period. Industrial fabric is a fabric used for manufacturing parts of machines, structures, and several other technical articles. Both natural, as well as synthetic materials are used in the manufacturing of industrial fabrics, which are manufactured in a diverse pattern or created in unwoven textures. These are composed of higher performance fibers, yarns, and chemicals to limit failures, which could have serious consequences. These can be used for a variety of purposes such as printing, belting, and automotive, filtering, and processing applications.
According to Indian Bureau of Mines, the mining industry witnessed a 2.9% Y-o-Y growth in 2019 over 2.3% in 2018 which created a major market (for conveyor belts) in this sector during the time period.
Market Dynamics:
Driver:
Technical advancements
Technical advancements in textile manufacturing processes and the implementation of automatic systems for manufacturing and packaging processes are surging the demand for conveyor belt and other fabric components of industrial machines. Moreover, geomembranes and geotextiles are classified as technical textiles and are widely used in various applications. The increasing adoption of such materials is attributed to their high functionality and superior properties, which are expected to fuel the market.
Restraint:
Stringent regulations
Following strict government regulations is a significant challenge for the market. Synthetic fabric is difficult to degrade in comparison to natural fabric, which is eco-friendly and disposable. This processing includes multiple stages, including weaving, spinning, and processing, which together generate waste. Several countries have now adopted various regulations governing the production of industrial fabric. These restrictions are lowering operating efficiency, which is impeding market growth.
Opportunity:
Increasing demand of industrial fabric
Rising online retail sector in turn increasing demand of industrial fabrics is fueling the growth of market. Due to superior properties offered by industrial fabrics like high temperature resistance, they are widely used in sports and domestic and industrial applications. Increased use of industrial fabrics in carpets, belts, and seat covers in the automotive industry, the rising disposable income among the consumers and emergence of the western culture across the world are the major factors enhancing the growth of the market.
Threat:
Fluctuating prices of raw materials
The cost of producing industrial fabric is quite high, and strongly fluctuating raw material costs is likely to hinder the market growth. Price fluctuation due to high mill consumption and money exchange can decrease the sales of the industrial fabric market. Industrial fabric is expensive as it needs high investment for manufacturing. Thus, these factors are hampering the market growth.
Covid-19 Impact
The impact of Covid-19 had a negative impact on the market owing to the supply chain disruptions for industrial fabric products. Furthermore, during the period, increased raw material prices, particularly cotton and cotton yarn reduced market. The pandemic prompted a lockdown and the temporary closure of fabric production facilities, impacting the market's overall growth. It further impacted the entire supply chain, causing raw material prices to surge, particularly for cotton and cotton yarn. This factor slowed the production of industrial fabric, particularly in the beginning. Furthermore, the decline from customer income had resulted in a decrease in demand for the global industrial fabric market.
The polyester segment is expected to be the largest during the forecast period
The polyester segment is estimated to have a lucrative growth, due to it is lightweight, malleable and highly functional type of fiber and is therefore widely employed in manufacturing strong and sturdy fabrics. Polyester fibers are less valuable and hold characteristics such as good UV and abrasion resistance, good tearing strength, and efficiency of cleaning. Hence, these aspects are improving the market expansion.
The automotive carpet belt segment is expected to have the highest CAGR during the forecast period
The automotive carpet segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing demand from the automotive industry. The stain resistance property and longer service life of industrial fabric make it the ideal choice for various applications in the automotive industry. Besides, the increasing awareness in consumers regarding automotive safety coupled with government regulations is expected to drive the demand for the market.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the high demand applications for interior trims of automobiles, fire protective apparel, the market for industrial fabric has been increasing. Furthermore, advancements in technology, the growth of the construction industry on account of the rapid industrialization and urbanization in the emerging countries are fueling the market demand.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the growing automotive industries in the region. The huge production of carpet vehicles, seat covers, gaskets, and belts in the automotive industry are propelling the industrial textile market in this region. Moreover, developments in technology that are taking place all across the region are further driving the growth of this market.
Key players in the market
Some of the key players profiled in the Industrial Fabric Market include Kontoor Brands, Inc., Toray Industries, Forbo International SA, Habasit, ContiTech AG, Bridgestone Corporation, DowDuPont, Johns Manville, W. Barnet GmbH & Co. KG, Fitesa SA, Cerex Advanced Fabrics, Ahlstrom-Munksjo, Contitech AG, G.R.Henderson Co. Textiles Ltd., Russett Holdings, Kimberly-Clark, Scott Bader, Berry Global Inc, Raymond UCO Denim Pvt. Ltd. and Modern Denim Ltd.
Key Developments:
In March 2021, Toray Industries has claimed that it's MAKSPEC V Antiviral Textile is successful in combating the COVID-19 pandemic and lowering SARS-CoV-2 concentrations.
In August 2020, Ahlstrom-Munksjo has launched Trust Shield Biological, a personal protective gear medical fabric meant to guard against harmful infections. The company's position in the worldwide industrial fabric market, particularly in the medical sector, will be strengthened as a result of this action.
In April 2020, Habasit AG has announced the opening of a new warehouse and distribution center in Addison, Illinois. This expansion aims to provide a wider selection of belting goods, improve services, and save shipping costs and time for the company's customers in the south-central region.
Fiber Types Covered:
• Polyamide
• Aramid
• Polyester
• Composite
• Cotton
• Other Fiber Types
Applications Covered:
• Transmission Belt
• Flame Resistant Apparel
• Automotive Carpet
• Protective Apparel
• Conveyor Belt
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Fabric Market, By Fiber Type
5.1 Introduction
5.2 Polyamide
5.3 Aramid
5.4 Polyester
5.5 Composite
5.6 Other Fiber Types
6 Global Industrial Fabric Market, By Application
6.1 Introduction
6.2 Transmission Belt
6.3 Flame Resistant Apparel
6.4 Automotive Carpet
6.5 Protective Apparel
6.6 Conveyor Belt
6.7 Other Applications
7 Global Industrial Fabric Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Kontoor Brands, Inc.
9.2 Toray Industries
9.3 Forbo International SA
9.4 Habasit
9.5 ContiTech AG
9.6 Bridgestone Corporation
9.7 DowDuPont
9.8 Johns Manville
9.9 W. Barnet GmbH & Co. KG
9.10 Fitesa SA
9.11 Cerex Advanced Fabrics
9.12 Ahlstrom-Munksjo
9.13 Contitech AG
9.14 G.R.Henderson Co. Textiles Ltd.
9.15 Russett Holdings
9.16 Kimberly-Clark
9.17 Scott Bader
9.18 Berry Global Inc
9.19 Raymond UCO Denim Pvt. Ltd.
9.20 Modern Denim Ltd
List of Tables
1 Global Industrial Fabric Market Outlook, By Region (2020-2028) ($MN)
2 Global Industrial Fabric Market Outlook, By Fiber Type (2020-2028) ($MN)
3 Global Industrial Fabric Market Outlook, By Polyamide (2020-2028) ($MN)
4 Global Industrial Fabric Market Outlook, By Aramid (2020-2028) ($MN)
5 Global Industrial Fabric Market Outlook, By Polyester (2020-2028) ($MN)
6 Global Industrial Fabric Market Outlook, By Composite (2020-2028) ($MN)
7 Global Industrial Fabric Market Outlook, By Other Fiber Types (2020-2028) ($MN)
8 Global Industrial Fabric Market Outlook, By Application (2020-2028) ($MN)
9 Global Industrial Fabric Market Outlook, By Transmission Belt (2020-2028) ($MN)
10 Global Industrial Fabric Market Outlook, By Flame Resistant Apparel (2020-2028) ($MN)
11 Global Industrial Fabric Market Outlook, By Automotive Carpet (2020-2028) ($MN)
12 Global Industrial Fabric Market Outlook, By Protective Apparel (2020-2028) ($MN)
13 Global Industrial Fabric Market Outlook, By Conveyor Belt (2020-2028) ($MN)
14 Global Industrial Fabric Market Outlook, By Other Applications (2020-2028) ($MN)
15 North America Industrial Fabric Market Outlook, By Country (2020-2028) ($MN)
16 North America Industrial Fabric Market Outlook, By Fiber Type (2020-2028) ($MN)
17 North America Industrial Fabric Market Outlook, By Polyamide (2020-2028) ($MN)
18 North America Industrial Fabric Market Outlook, By Aramid (2020-2028) ($MN)
19 North America Industrial Fabric Market Outlook, By Polyester (2020-2028) ($MN)
20 North America Industrial Fabric Market Outlook, By Composite (2020-2028) ($MN)
21 North America Industrial Fabric Market Outlook, By Other Fiber Types (2020-2028) ($MN)
22 North America Industrial Fabric Market Outlook, By Application (2020-2028) ($MN)
23 North America Industrial Fabric Market Outlook, By Transmission Belt (2020-2028) ($MN)
24 North America Industrial Fabric Market Outlook, By Flame Resistant Apparel (2020-2028) ($MN)
25 North America Industrial Fabric Market Outlook, By Automotive Carpet (2020-2028) ($MN)
26 North America Industrial Fabric Market Outlook, By Protective Apparel (2020-2028) ($MN)
27 North America Industrial Fabric Market Outlook, By Conveyor Belt (2020-2028) ($MN)
28 North America Industrial Fabric Market Outlook, By Other Applications (2020-2028) ($MN)
29 Europe Industrial Fabric Market Outlook, By Country (2020-2028) ($MN)
30 Europe Industrial Fabric Market Outlook, By Fiber Type (2020-2028) ($MN)
31 Europe Industrial Fabric Market Outlook, By Polyamide (2020-2028) ($MN)
32 Europe Industrial Fabric Market Outlook, By Aramid (2020-2028) ($MN)
33 Europe Industrial Fabric Market Outlook, By Polyester (2020-2028) ($MN)
34 Europe Industrial Fabric Market Outlook, By Composite (2020-2028) ($MN)
35 Europe Industrial Fabric Market Outlook, By Other Fiber Types (2020-2028) ($MN)
36 Europe Industrial Fabric Market Outlook, By Application (2020-2028) ($MN)
37 Europe Industrial Fabric Market Outlook, By Transmission Belt (2020-2028) ($MN)
38 Europe Industrial Fabric Market Outlook, By Flame Resistant Apparel (2020-2028) ($MN)
39 Europe Industrial Fabric Market Outlook, By Automotive Carpet (2020-2028) ($MN)
40 Europe Industrial Fabric Market Outlook, By Protective Apparel (2020-2028) ($MN)
41 Europe Industrial Fabric Market Outlook, By Conveyor Belt (2020-2028) ($MN)
42 Europe Industrial Fabric Market Outlook, By Other Applications (2020-2028) ($MN)
43 Asia Pacific Industrial Fabric Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Industrial Fabric Market Outlook, By Fiber Type (2020-2028) ($MN)
45 Asia Pacific Industrial Fabric Market Outlook, By Polyamide (2020-2028) ($MN)
46 Asia Pacific Industrial Fabric Market Outlook, By Aramid (2020-2028) ($MN)
47 Asia Pacific Industrial Fabric Market Outlook, By Polyester (2020-2028) ($MN)
48 Asia Pacific Industrial Fabric Market Outlook, By Composite (2020-2028) ($MN)
49 Asia Pacific Industrial Fabric Market Outlook, By Other Fiber Types (2020-2028) ($MN)
50 Asia Pacific Industrial Fabric Market Outlook, By Application (2020-2028) ($MN)
51 Asia Pacific Industrial Fabric Market Outlook, By Transmission Belt (2020-2028) ($MN)
52 Asia Pacific Industrial Fabric Market Outlook, By Flame Resistant Apparel (2020-2028) ($MN)
53 Asia Pacific Industrial Fabric Market Outlook, By Automotive Carpet (2020-2028) ($MN)
54 Asia Pacific Industrial Fabric Market Outlook, By Protective Apparel (2020-2028) ($MN)
55 Asia Pacific Industrial Fabric Market Outlook, By Conveyor Belt (2020-2028) ($MN)
56 Asia Pacific Industrial Fabric Market Outlook, By Other Applications (2020-2028) ($MN)
57 South America Industrial Fabric Market Outlook, By Country (2020-2028) ($MN)
58 South America Industrial Fabric Market Outlook, By Fiber Type (2020-2028) ($MN)
59 South America Industrial Fabric Market Outlook, By Polyamide (2020-2028) ($MN)
60 South America Industrial Fabric Market Outlook, By Aramid (2020-2028) ($MN)
61 South America Industrial Fabric Market Outlook, By Polyester (2020-2028) ($MN)
62 South America Industrial Fabric Market Outlook, By Composite (2020-2028) ($MN)
63 South America Industrial Fabric Market Outlook, By Other Fiber Types (2020-2028) ($MN)
64 South America Industrial Fabric Market Outlook, By Application (2020-2028) ($MN)
65 South America Industrial Fabric Market Outlook, By Transmission Belt (2020-2028) ($MN)
66 South America Industrial Fabric Market Outlook, By Flame Resistant Apparel (2020-2028) ($MN)
67 South America Industrial Fabric Market Outlook, By Automotive Carpet (2020-2028) ($MN)
68 South America Industrial Fabric Market Outlook, By Protective Apparel (2020-2028) ($MN)
69 South America Industrial Fabric Market Outlook, By Conveyor Belt (2020-2028) ($MN)
70 South America Industrial Fabric Market Outlook, By Other Applications (2020-2028) ($MN)
71 Middle East & Africa Industrial Fabric Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Industrial Fabric Market Outlook, By Fiber Type (2020-2028) ($MN)
73 Middle East & Africa Industrial Fabric Market Outlook, By Polyamide (2020-2028) ($MN)
74 Middle East & Africa Industrial Fabric Market Outlook, By Aramid (2020-2028) ($MN)
75 Middle East & Africa Industrial Fabric Market Outlook, By Polyester (2020-2028) ($MN)
76 Middle East & Africa Industrial Fabric Market Outlook, By Composite (2020-2028) ($MN)
77 Middle East & Africa Industrial Fabric Market Outlook, By Other Fiber Types (2020-2028) ($MN)
78 Middle East & Africa Industrial Fabric Market Outlook, By Application (2020-2028) ($MN)
79 Middle East & Africa Industrial Fabric Market Outlook, By Transmission Belt (2020-2028) ($MN)
80 Middle East & Africa Industrial Fabric Market Outlook, By Flame Resistant Apparel (2020-2028) ($MN)
81 Middle East & Africa Industrial Fabric Market Outlook, By Automotive Carpet (2020-2028) ($MN)
82 Middle East & Africa Industrial Fabric Market Outlook, By Protective Apparel (2020-2028) ($MN)
83 Middle East & Africa Industrial Fabric Market Outlook, By Conveyor Belt (2020-2028) ($MN)
84 Middle East & Africa Industrial Fabric Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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