CHICAGO, Dec. 21, 2020
CHICAGO, Dec. 21, 2020 /PRNewswire/ -- According to the new market research report "Industrial Fabric Market by Fiber Type (Polyamide, Polyester, Aramid, Composite, and Others), Applications (Conveyor Belt, Transmission Belt, Protective Apparel, Automotive Carpet, Flame Resistance Apparel, and Others) , Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Industrial Fabric Market size is expected to grow from USD 108.3 billion in 2020 to USD 162.9 billion by 2025, at a CAGR of 8.5% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69944505
Browse in-depth TOC on "Industrial fabric Market"
68 – Tables
43 – Figures
135 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/industrial-fabric-market-69944505.html
Industrial fabric is extensively being used in the manufacturing of protective apparel for the chemical, sports, medical, and other end-use industries. The increasing demand for automotive vehicles supports the demand for industrial fabric in automotive carpet applications.
Polyeaster fiber-baes industrial fabric comprise a major share of the industrial fabric market in terms of value and volume.
The polyester resin-based industrial fabric s accounted for a larger share in the industrial fabric market. Polyester resins are less expensive and possess properties such as good corrosion resistance, fast curing, durability, tolerance to temperature, and low thermal expansion. The automotive industry is one of the major consumers of polyester industrial fabric as this fabric offers good UV and abrasion resistance, good tearing strength, and ease of cleaning. Toray, W. Barnet GmbH & Co. KG, and Johns Manville are some of the prominent polyester industrial fabric manufacturers.
The COVID-19 has resulted in reduced demand for vehicles in 2020. This has led to a temporary shutdown of various automobile manufacturing plants of Nissan, Volkswagen, and Ford. These factors are expected to reduce the demand for industrial fabric in automotive applications. Post-pandemic, the demand for polyester industrial fabric is expected to recover as industrial activities across the globe are expected to start, which will increase the consumption of polyester fabric.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=69944505
The automotive carpet accounts for the largest market share in the global industrial fabric market during the forecast period in terms of value and volume.
Automotive carpet is the largest application of industrial fabric. Polyester is a major fiber used in the production of automotive carpets. Industrial fabric offers excellent durability, high abrasion resistance, quick dyeing, and stain resistance. Some of the prominent automotive manufacturers such as Nissan, Toyota, and Lexus use automotive carpet manufactured by DowDuPont under the brand Sorona. The demand for industrial fabrics from automotive carpet applications is expected to decline in 2020 due to lower sales of new vehicles in the first half of 2020. Also, major manufacturers temporarily closed their plants during the lockdown. The demand is expected to recover after the COVID-19 pandemic is under control.
APAC is expected to account for the largest market share in the industrial fabric market during the forecast period.
APAC accounts for the biggest share of the global industrial fabric market. The Protective Apparel and automotive carpet application holds are major consumers in the region. The region is home to some of the major composite manufacturers such as ACP Composites and Owens Corning. Moreover, the China is a manufacturing hub of various commercial, military, private aircraft and one of the major automobilemanufacturers. Europe is the second major consumer of industrial fabric s. Marine, wind energy, and transportation are the major industries fueling the growth of the industrial fabric market in this region.
However, the COVID-19 outbreak has affected the demand for industrial fabric s in the region. On the positive side, support packages offered by governments of various countries will help to maintain the liquidity in industrial fabric market. Such initiatives coupled with recovery in the application industries will increase the demand for industrial fabric in North America.
The key players in the industrial fabric market include Forbo International SA (Switzerland), Ahlstrom-Munksjo (Finland), Habasit AG (Switzerland), Toray Industries Inc. (Japan), and ContiTech AG (Germany) are a few of the key players in the industrial fabric market. Cerex Advanced Fabrics, Inc. (France), W. Barnet GmbH & Co. Kg (US), Dupont (US), Johns Manville (India), Fitesa S.A. (Brazil), and G.R. Henderson Co. Textiles Ltd. (UK), and among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the composites market. These players have taken different organic and inorganic developmental strategies over the past five years.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=69944505
Browse Adjacent Markets: Chemical Market Research Reports & Consulting
1. Carbon Fiber Tape Market by form (Prepreg Tape, Carbon Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods), and Region - Global Forecast to 2025
2. Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region - Global Forecast to 2025
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-fabric-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-fabric.asp