Industrial Fabric Market Segmentation, Business Opportunities, Top Manufacturers and Future Demand Analysis By 2028
The global industrial fabric market size is expected to reach USD 204.80 Billion and register a revenue CAGR of 8.3% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to growth of the construction sector and increasing emphasis on infrastructure development. Increasing use of industrial fabrics in the construction sector has substantially improved construction quality. Industrial fabrics find extensive use in construction of dams, tunnels, bridges, and highways/roads, due to their excellent mechanical properties, including lightweight, resilience, and robustness, and better resistance to factors such as chemical degradation, creep, deterioration by pollutants/ contaminants in the air or moisture/rain. Also, these fabrics can withstand impact of UV rays and corrosive acids.
The Global Industrial Fabric Marketplace Report offers wide-ranging information and facts about the Industrial Fabric market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Industrial Fabric market further validated and verified by the industry experts and professionals. The Global Industrial Fabric Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Industrial Fabric market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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Some Key Highlights From the Report
- In June 2019, Milliken & Company, which is a leading textile producer, made an announcement about entering into an agreement for the acquisition of Polartec, which is a company that offers performance textiles for military and outdoor apparel.
- By fiber type, the polyester segment contributed a significantly large revenue share to the global market in 2020. Polyester fiber is highly versatile and finds wide application in production of clothing due to its high durability and tenacity. Also, as a robust fiber material used in industries, this fiber type is appropriate for repetitive and strong movements. The water-repelling property of polyester makes it an appropriate material in industrial settings requiring water resistance fabrics.
- By application, conveyor belt segment accounted for a significantly robust revenue share in 2020. Industrial fabrics are deployed as width fiber in conveyor belts to enhance fastener retention and rip resistance, along with abrasion resistance. Conveyor belts produced from polyester are developed for use in applications needing improved belt resistance to pyrolysis. Also, use of fibers such as polyamide that are tough and highly resistant to abrasion extend longevity of conveyor belts.
- Industrial fabric market in North America accounted for largest revenue share in 2020, attributed to rapid advancements in technology, strict legislative regulations for worker safety in industrial settings, and high demand for industrial fabrics from end-use applications. In addition, presence of leading market players such as DuPont is causative of robust market revenue growth.
Leading Companies of the Industrial Fabric Industry and Profiled in the Report are:
DuPont, GR Henderson Co. Textile Ltd., Russett Holdings, Johns Manville, ContiTech AG, Fitesa SA, Toray Industries Inc., Cerex Advanced Fabrics Inc., Beaulieu Technical Textiles, and Sage Automotive Interiors Inc.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Industrial Fabric market expected to boost the growth of the industry in the coming years.
Emergen Research has segmented the global industrial fabric market on the basis of fiber type, distribution channel, application, and region:
- Fiber Type Outlook (Revenue, USD Billion; 2018–2028)
- Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Transmission Belt
- Conveyor Belt
- Protective Clothing
- Flame resistant Apparel
The report sheds light on the region expected to dominate the Industrial Fabric market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Industrial Fabric market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Questions Answered in the Report:
What is the growth rate of the Industrial Fabric market? What is the anticipated market valuation of Industrial Fabric industry by 2027?
What are the key growth driving and restraining factors of the Industrial Fabric market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Industrial Fabric industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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