Global Industrial Fabric Market Size By Fiber Type (Aramid, Composite, Polyamide, Polyester), By Application (Automotive Carpet, Conveyor Belt, Flame Resistance Apparel, Protective Apparel, Transmission Belt), By Geographic Scope And Forecast
Report ID: 7955|No. of Pages: 202
Global Industrial Fabric Market Size By Fiber Type (Aramid, Composite, Polyamide, Polyester), By Application (Automotive Carpet, Conveyor Belt, Flame Resistance Apparel, Protective Apparel, Transmission Belt), By Geographic Scope And Forecast
Industrial Fabric Market Size and Forecast
Industrial Fabric Market size was valued at USD 139.95 Billion in 2023 and is projected to reach USD 195.14 Billion by 2031, growing at a CAGR of 4.68% from 2024 to 2031.
- Industrial fabrics are specialized textiles designed for use in a variety of industrial applications, with a focus on functionality over aesthetics. These textiles can be constructed of natural, synthetic, or inorganic materials and are intended to meet particular performance standards such as high tensile strength, chemical resistance, and durability.
- Furthermore, unlike traditional textiles used in apparel, industrial fabrics are used in industries such as aerospace, automotive, construction, and healthcare to make conveyor belts, filtration systems, and protective gear. Their distinctive qualities enable them to survive harsh climatic conditions and mechanical strains, making them crucial in industrial processes and safety applications across several industries.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=7955
Global Industrial Fabric Market Dynamics
The key market dynamics that are shaping the industrial fabric market include:
Key Market Drivers:
- Increasing Construction and Infrastructure Development: According to the US Census Bureau’s Construction Spending Report, construction spending reached USD 1.97 Trillion by 2023, with industrial fabric uses in geotextiles and construction materials increasing by 28%. According to the World Bank’s Infrastructure Investment Report, global infrastructure projects needing industrial fabrics increased by 34% between 2020 and 2023, totaling an estimated USD 2.3 Trillion in projects utilizing advanced industrial textiles for reinforcement and stability.
- Growing Automotive and Transportation Industry: According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production increased by 12% in 2023 to 85 million units, with industrial fabrics used in airbags and interior components increasing by 18%. According to reports from the United States Department of Transportation, demand for high-performance industrial fabrics in automobile safety applications has surged by 45% since 2020, with airbag production alone utilizing over 800 million square meters of industrial fabric per year.
- Rising Safety Requirements in Industrial Workplaces: According to the US Bureau of Labor Statistics, occupational safety equipment expenditures climbed by 23% in 2023, with industrial protective apparel accounting for USD 12.8 Billion of the total expenditure. According to the European Agency for Safety and Health at Work, stricter safety regulations have resulted in a 56% increase in the consumption of high-performance industrial fabrics for personal protective equipment (PPE) between 2020 and 2023, with flame-resistant fabrics experiencing the fastest growth at 34% per year.
Key Challenges:
- Rising Raw Material Costs: The industrial fabric sector is strongly reliant on synthetic fibers and other resources, the prices of which fluctuate on the global market. Increased demand, supply chain interruptions, and geopolitical issues result in unforeseen price increases, eroding manufacturers’ profit margins. This volatility hampers budgeting and financial planning, making it difficult for organizations to maintain long-term growth objectives.
- Need for Technological Advancements: The need for technical advancement creates a challenge. Many manufacturers struggle to implement new technologies that improve productivity and product quality. The high expenses of modernizing machinery and training employees discourage investment in innovation. As competitors increasingly embrace automation and innovative production techniques, organizations that fail to modernize risk falling behind in a quickly changing market scenario.
Key Trends:
- Growing Demand for Advanced Materials: Industries are increasingly looking for high-performance fabrics that provide additional capabilities such as flame resistance, waterproofing, and chemical resistance. This trend is especially strong in industries such as automotive and aerospace, where lightweight yet durable materials can considerably increase efficiency and safety. The trend is supported by continual innovation in textile technology, which allows producers to create specialized fabrics for specific uses.
- Expansion of Geosynthetics: The expansion of geosynthetics is another important trend in the industrial fabric market. These materials are increasingly being used in civil engineering applications, such as soil reinforcement and environmental protection. The market for geotextiles is being driven by infrastructure development projects and an increasing emphasis on sustainable construction techniques. As governments invest in infrastructure improvements, particularly in emerging economies, the use of geosynthetics is expected to increase, accelerating market expansion in this segment.
vmr-report-inner-banner]
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=7955
Global Industrial Fabric Market Regional Analysis
Here is a more detailed regional analysis of the industrial fabric market:
Asia Pacific:
- According to Verified Market Research, the Asia Pacific region is estimated to dominate the market during the forecast period. According to the United Nations Industrial Development Organization (UNIDO), Asia Pacific accounted for 54% of global manufacturing output by 2023, with industrial fabric consumption in manufacturing increasing by 28% per year. According to the China National Textile and Apparel Council, the region’s technical textile production capacity reached 18.5 million metric tons in 2023, accounting for 65% of global production. Industrial fabrics account for 42% of technical textile output.
- Furthermore, according to the Asian Development Bank, Asia Pacific’s infrastructure investment needs will total USD 26 Trillion by 2030, resulting in a 34% yearly growth in geotextile usage. According to Japan’s Ministry of Land, Infrastructure, Transport, and Tourism, infrastructure projects in the region utilized over 2.8 billion square meters of industrial fabrics in 2023, up 45% from 2020, with geotextiles and construction-related applications driving demand.
North America:
- North America is estimated to exhibit substantial growth within the market during the forecast period. According to the United States Bureau of Transportation Statistics, infrastructure renovation projects needing industrial fabrics climbed by 42% in 2023, with USD 283 Billion set aside for transportation infrastructure investments. According to the American Society of Civil Engineers (ASCE), the US infrastructure investment gap reached USD 2.6 Trillion by 2023, resulting in a 35% increase in demand for high-performance geotextiles and construction fabrics, with bridge and highway rehabilitation projects accounting for 48% of industrial fabric consumption.
- Furthermore, the US Occupational Safety and Health Administration (OSHA) says that investment in industrial safety equipment increased by 56% between 2020 and 2023, with industrial protective fabrics accounting for USD 8.2 Billion in sales. According to Statistics Canada, the implementation of stronger workplace safety requirements resulted in a 38% increase in industrial protective clothing adoption throughout North American industries, with flame-resistant and chemical-protection materials experiencing the fastest growth at 45% each year.
Global Industrial Fabric Market: Segmentation Analysis
The Industrial Fabric Market is segmented based on Fiber Type, Application, and Geography.
Industrial Fabric Market, By Fiber Type
- Aramid
- Composite
- Polyamide
- Polyester
- Others
Based on Fiber Type, the market is segmented into Aramid, Composite, Polyamide, Polyester, and Others. The polyester segment is estimated to dominate the industrial fabric market due to its beneficial characteristics and low cost. Polyester fabrics are lightweight, flexible, and water-resistant, making them suitable for a wide range of industries, including automotive, construction, and protective gear. Their durability and ease of manufacturing add to their attractiveness, allowing manufacturers to produce high-quality industrial fabrics at reasonable prices. This combination of performance and cost-effectiveness strengthens polyester’s market position.
Industrial Fabric Market, By Application
- Automotive Carpet
- Conveyor Belt
- Flame Resistance Apparel
- Protective Apparel
- Transmission Belt
- Others
Based on Application, the market is segmented into Automotive Carpet, Conveyor Belt, Flame Resistance Apparel, Protective Apparel, Transmission Belt, and Others. The protective apparel segment is estimated to hold the majority share in the forecast period in the industrial fabric market. This dominance is fueled by increased safety standards in a variety of industries, including manufacturing, construction, and healthcare. Protective fabrics are designed to provide critical properties like flame resistance, cut resistance, and durability, ensuring worker safety in dangerous conditions. As businesses prioritize employee safety and compliance with demanding safety regulations, the demand for industrial fabrics in protective apparel continues to rise significantly.
Industrial Fabric Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the industrial fabric market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is estimated to dominate the industrial fabric market due to rising industrialization and urban expansion in key nations such as China and India, where industrial fabrics are in high demand across a variety of industries, including automotive, construction, and agriculture. The region’s rising manufacturing base, along with favorable government policies and infrastructural expenditures, strengthens its global market leadership.
Key Players
The “Industrial Fabric Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Ahlstrom-Munksjo, Forbo International SA, Toray Industries, Inc., DuPont, Johns Manville, Continental AG, Freudenberg Group, Huafeng Textile Co. Ltd., PBM nonwovens, and Berry Global Group, Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Industrial Fabric Market Recent Developments
- In June 2023, Teijin announced that it would acquire Toyobo’s industrial fabrics unit. This acquisition strengthens Teijin’s position in the worldwide industrial fabrics market.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Ahlstrom-Munksjo, Forbo International SA, Toray Industries, Inc., DuPont, Johns Manville, Continental AG, Freudenberg Group, Huafeng Textile Co. Ltd., PBM nonwovens, and Berry Global Group, Inc. |
| SEGMENTS COVERED | By Fiber Type, By Application, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL INDUSTRIAL FABRIC MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL INDUSTRIAL FABRIC MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4. Value Chain Analysis
5 GLOBAL INDUSTRIAL FABRIC MARKET, BY FIBER TYPE
5.1 Overview
5.2 • Aramid
5.3 • Composite
5.4 • Polyamide
5.5 • Polyester
5.6 • Others
6 GLOBAL INDUSTRIAL FABRIC MARKET, BY APPLICATION
6.1 Overview
6.2 • Automotive Carpet
6.3 • Conveyor Belt
6.4 • Flame Resistance Apparel
6.5 • Protective Apparel
6.6 • Transmission Belt
6.7 • Others
7 GLOBAL INDUSTRIAL FABRIC MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Middle East and Africa
7.5.2 Latin America
8 GLOBAL INDUSTRIAL FABRIC MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Ahlstrom-Munksjo
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Forbo International SA
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Toray Industries, Inc.
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 DuPont
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Johns Manville
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Continental AG
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Freudenberg Group
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Huafeng Textile Co. Ltd.
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 PBM nonwovens
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.9 Berry Global Group, Inc.
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 APPENDIX
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
