Industrial Fabric Market see growth of 4.9% CAGR reaching at USD 153.60 billion by 2023

The industrial fabric market is projected to register a CAGR of 4.9% from 2018 to 2023, in terms of value

The market size of industrial fabric is estimated at USD 120.94 billion in 2018 and is projected to reach USD 153.60 billion by 2023, at a CAGR of 4.9% between 2018 and 2023. Owing to their superior properties, industrial fabrics are increasingly used in various applications, such as conveyor belts, transmission belts, protective apparel, and flame resistant apparel, among others. The growth of the automotive industry has also helped increase their demand as industrial fabrics are widely used in the form of automotive carpet. Apart from this, the significant demand from the filtration application is one of the major opportunities for the industrial fabric market. However, stringent government regulations associated with the manufacturing of industrial fabric restrain the growth of the market.

 

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The aramid fiber segment is projected to register the highest CAGR from 2018 to 2023, in terms of value

Aramid fibers are increasingly used in the industrial fabric market. These fibers possess high strength and rigidity and are resistant to heat and flame, making them useful in flame resistant apparel as well as protective apparel.

 

The industrial fabric market in APAC is projected to register the highest CAGR, between 2018 and 2023, in terms of value and volume

The industrial fabric market in APAC is projected to register the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increasing demand for industrial fabric from the region’s automotive and aerospace industries. Initiatives undertaken by various APAC countries toward automotive project investments are also contributing to the growth of the industrial fabric market in this region.

 

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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted as follows:

  • By Company Type- Tier 1 – 45%, Tier 2 – 22%, and Tier 3 – 33%
  • By Designation- C level – 50%, Director level – 10%, and Others – 40%
  • By Region- North America – 30%, Europe – 20%, APAC -25%, Middle East & Africa – 12%, and Latin America – 13%

 

This report provides a comprehensive analysis of the key companies listed below:

  • Forbo International SA (Switzerland)
  • Ahlstrom-Munksjö (Finland)
  • Habasit AG (Switzerland)
  • Toray Industries Inc. (Japan)
  • ContiTech AG (Germany)
  • Cerex Advanced Fabrics, Inc. (US)
  • W. Barnet GmbH & Co. KG (Germany)
  • DowDuPont (US)
  • Johns Manville (US)
  • Fitesa SA (Brazil)

 

Related Report:

Global Industrial Protective Fabrics Industry Market Research Report

The Industrial Protective Fabrics market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Industrial Protective Fabrics industrial chain, this report mainly elaborate the definition, types, applications and major players of Industrial Protective Fabrics market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Industrial Protective Fabrics market.

Read More: https://watchersofmarkets.com/products/global-industrial-protective-fabrics-industry-market-research-report

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