The industrial fabric market is projected to grow at a CAGR of 4.12% to reach US$151.561 billion by 2024, from US$113.868 billion in 2018. Industrial fabrics are different from textile fabrics as they have greater strength, durability and resistance to harsh conditions. They are used in an extensive range of automotive, printing, filtering and processing applications. Growing use of industrial fabric in construction, automotive and transportation, and aerospace is driving the market growth. Geotextile, a type of permeable industrial fabric, is increasingly gaining traction in the market owing to its burgeoning use in construction sector. Thus, growing construction activity across the globe is augmenting the demand for industrial fabrics. The market is expected to grow at a steady pace owing to burgeoning use of these fabrics in the automotive design so as to produce light weight vehicles. Evolving trend of manufacturing light weight vehicles will bolster the industrial fabric market growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the industrial fabric value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the industrial fabric market.
Major industry players profiled as part of the report are Forbo International SA, Habasit, TORAY INDUSTRIES, INC., Cerex Advanced Fabrics, Inc., DuPont, W. Barnet GmbH & Co. KG, Johns Manville, and Fitesa.
The industrial fabric market has been analyzed through following segments:
By End-User Industry
Middle East and Africa