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Industrial Fabric Market Overview
Industrial Fabrics Market is projected to be worth USD 192.86 billion by 2030, registering a CAGR of 8.7% during the forecast period (2022 - 2030). The market was valued at USD 110.35 billion in 2021. The industrial fabric markets are mainly non-apparel and high performance. Highly functional fabrics are mostly used in commercial and industrial applications. These are used as components of other products to alter their functional properties, strength, and functionality, and the growing demand for such fabrics is aimed to prevent mishaps and handle environmental stress and mechanical stress. However, the increasing demand for geosynthetics from various end-use sectors is one of the important drivers for these markets.
Industrial fabrics are aimed to experience a high growth rate due to the high demand from the automotive sector, and according to research, it is shown that almost 45 sq. meters of textile materials are used in a car for interiors, which includes seats, headlines, carpets etc. The fabrics that are used in a vehicle are extremely lightweight. Geosynthetic is one of the applications of industrial fabric that have been getting popularity for the last few decades.
Key Players
Some of the manufacturers operating in the global industrial fabrics market are Forbo International SA (Switzerland), Ahlstrom-Munksjö (Finland), Habasit (Switzerland), TORAY INDUSTRIES, INC. (Japan), ContiTech AG (Germany), Cerex Advanced Fabrics, Inc. (US), W. Barnet GmbH & Co. KG (Germany), DowDuPont (US), Johns Manville (US), and Fitesa SA (Brazil).
Industrial Fabrics Market, by Application (%)
Source: MRFR Analysis
Regional Analysis
The global industrial fabrics market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global industrial fabrics market in 2017 due to the high production and sales of automobile in the region. Furthermore, the growth of the construction industry on account of the rapid industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore, is fueling the market demand.Â
The market in Europe is driven by the increased production and sales of automobile parts in the Western European countries such as Germany, Italy, UK, and France.
North American market is expected to witness a high growth of the market owing to the high demand from the sustainable construction in the region.
Segmentation
The global industrial fabrics market has been segmented on the basis of fiber type, application, and region.
Based on fiber type, the market has been segmented into polyamide, polyester, aramid, composite, and others.
By application, the market has been segmented into automotive carpet, conveyor belts, transmission belts, protective apparels, flame resistant apparel, filter media, and others.
Recent Development
In May 2023, DuPont announced the launch of its new line of Tyvek® industrial fabrics. These fabrics are designed to provide superior performance in a variety of harsh environments.
In June 2023, Teijin announced the acquisition of the industrial fabrics business of Toyobo. This acquisition will strengthen Teijin's position in the global industrial fabrics market.
In July 2023, INVISTA announced the launch of its new line of Cordura® industrial fabrics. These fabrics are designed to provide superior durability and performance.
Intended Audience
- Industrial fabrics manufacturers
- Traders and distributors of industrial fabrics
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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