The global industrial fabrics market is projected to reach USD 267.48 billion by 2032, with a compound annual growth rate (CAGR) of 6.3% during the forecast period. In 2020, the market value was estimated at USD 128.39 billion, according to Fortune Business Insights™ in their report titled "Industrial Fabrics Market Size, Share & COVID-19 Impact Analysis, By Fiber Type (Polyamide, Polyester, Aramid, Composites, and Others), By Application (Conveyor Belts, Transmission Belts, Protective Apparel, Automotive, Flame-Resistant Apparel, and Others), and Regional Forecast, 2024-2032."
Key Companies Profiled
Habasit AG (Switzerland)
Dupont (U.S)
Johns Manville (U.S)
ContiTech AG (Germany)
Toray Industries Inc. (Japan)
Cerex Advanced Fabrics Inc. (U.S.)
Freudenberg & Co. Kg (Germany)
Bridgestone Corporation (Japan)
Barnet Gmbh & Co. Kg (Germany)
Fitesa (Germany)
G.R.Henderson Co. Textiles Ltd. (U.K.)
Report Highlights
Comprehensive Insights: The report offers in-depth insights into market drivers, trends, and restraints. It provides detailed information on the performance of various market segments and a thorough analysis of the leading players' profiles and strategies. Additionally, the report evaluates the impact of regional developments on market growth.
Innovation in Composite Fabrics for the Auto Industry: The automotive industry's push for increased sustainability is driving innovation in composite industrial fabrics. Leading automakers and vehicle component suppliers are incorporating these fabrics into their vehicles. For example, French auto giant Renault has developed a fabric for its Zoé subcompact vehicle made entirely from recycled materials, including seatbelt scraps, automotive textiles, and polyester fibers from recycled PET bottles. Similarly, Switzerland-based Autoneum has engineered a lightweight textile called Hybrid-Acoustics PET, made from PET fibers, which insulates and absorbs sound waves in vehicle engine bays. This trend of using waste materials to manufacture sustainable textiles for automotive applications is fostering new innovations in the market.
Market Segmentation
By Fiber Type:
Polyamide
Polyester
Aramid
Composites
Others
By Application:
Conveyor Belts
Transmission Belts
Protective Apparel
Automotive
Flame-Resistant Apparel
Others
The automotive segment held a 28.5% share in the global market and a 28.3% share in the US market.
By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Browse Detailed Research Insights with Table of Content:
https://www.fortunebusinessinsights.com/industrial-fabrics-market-105445
Regional Insights
Asia Pacific: The Asia Pacific region is poised to dominate the industrial fabrics market during the forecast period, largely due to the rapid growth of the automotive industry in China and India. The extensive use of industrial textiles by vehicle manufacturers for automotive interiors is creating substantial opportunities for market players. The market size in this region was USD 45.32 billion in 2020.
North America: In North America, the increasing adoption of industrial fabrics for manufacturing flame-retardant personal protective equipment (PPE) is expected to drive market growth. This trend is supported by stringent worker safety regulations that necessitate the use of such materials.
Europe: In Europe, the strong presence and operations of major automotive companies, along with significant investments in research and development, are anticipated to enhance the market's growth prospects in the coming years.