Industrial Fabrics Market
The global industrial fabrics market size is projected to reach USD 267.48 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period. The market value was estimated to be USD 128.39 billion in 2020, as highlighted by Fortune Business Insights™ in its 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."
LIST OF 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.)
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What Does the Report Offer?
The report provides unmatched insights into various market drivers, trends, and restraints. Additionally, it includes valuable information on the performance of all market segments and a comprehensive analysis of the leading players' profiles and their dominant strategies. Furthermore, the report offers a detailed evaluation of the impact of regional developments on market growth.
Development of Composite Fabrics for the Auto Industry to Fuel Growth
The push for increased sustainability in the automotive industry is driving leading automakers and vehicle component suppliers to innovate and incorporate composite industrial fabrics in their vehicles. For instance, French auto giant Renault recently developed a fabric for its Zoé subcompact vehicle made entirely from recycled materials. This fabric is produced from seatbelt scraps, other automotive textiles, and polyester fibers from recycled PET bottles. Similarly, Switzerland-based Autoneum engineered a lightweight textile called Hybrid-Acoustics PET, made from PET fibers, which insulates and absorbs sound waves in vehicle engine bays. Thus, the growing use of waste materials to manufacture sustainable textiles for automotive applications is fostering new innovations in the 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
Regional Insights
Asia Pacific: The Asia Pacific region is set to dominate the industrial fabrics market during the forecast period, driven by 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 PPE, driven by stringent worker safety regulations, will propel market growth.
Europe: In Europe, the strong presence and operations of the region’s auto giants, along with significant R&D investments, are expected to enhance the market's growth prospects in the coming years.
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