Market Size of Industrial Fabric Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Fabric Market Analysis
The market for industrial fabric is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are rapidly growing application in automotive sector and increasing application in conveyor belts. Growing demand for bio-based fabrics is expected to hinder the growth of the market studied.
- Application in the manufacture of automobile interior trims like seat covers, carpets, roof and door liners dominated the market and is expected to grow during the forecast period owing to the increasing demand for automobiles among consumers.
- The industrial fabric is also used in the manufacture of conveyor belts, transmission belts, and other drive belts that serves a major part in mining industry.
- Asia-Pacific region dominated the market for industrial fabric market with India, China, Japan representing major countries in consumption.
Industrial Fabric Industry Segmentation
The industrial fabric market report include:
| Type | |
| Fiberglass yarn | |
| Polyamide | |
| Polyesters | |
| Aramid | |
| Nylon | |
| Others |
| Application | |
| Automobile Interior Trim | |
| Conveyor Belts | |
| Transmission Belt | |
| Fire Protective Apparel | |
| Others |
| Geography | |||||||
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Industrial Fabric Market Size Summary
The industrial fabric market is poised for growth, driven primarily by its expanding applications in the automotive and mining sectors. These fabrics are integral to the production of automobile interior trims, such as seat covers and carpets, which are seeing increased demand due to the rising consumer interest in vehicles. Additionally, industrial fabrics play a crucial role in the manufacturing of conveyor belts and other drive belts, particularly in the mining industry. The Asia-Pacific region, with countries like China, India, and Japan, is a dominant force in this market, largely due to the high demand for these fabrics in automotive and fire protective apparel applications. The region is also home to some of the largest producers of industrial fabric, including major companies like Bridgestone Corporation and TORAY INDUSTRIES, INC.
Despite the promising growth prospects, the market faces challenges, particularly from the growing demand for bio-based fabrics, which could hinder its expansion. The global industrial fabric market is characterized by a fragmented landscape, with several key players holding a marginal share. The automotive industry remains the leading consumer of industrial fabrics, with significant contributions from countries such as the United States, Germany, and the United Kingdom. Government support and advancements in fabric technology are expected to further bolster market growth during the forecast period.
Industrial Fabric Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rapidly Growing Application in Automotive Sector
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1.1.2 Increasing Application in Conveyor Belts
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1.2 Restraints
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1.2.1 Growing Demand for Bio-Based Fabrics
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Fiberglass yarn
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2.1.2 Polyamide
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2.1.3 Polyesters
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2.1.4 Aramid
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2.1.5 Nylon
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2.1.6 Others
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2.2 Application
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2.2.1 Automobile Interior Trim
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2.2.2 Conveyor Belts
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2.2.3 Transmission Belt
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2.2.4 Fire Protective Apparel
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2.2.5 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Industrial Fabric Market Size FAQs
What is the current Industrial Fabric Market size?
The Industrial Fabric Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Industrial Fabric Market?
Habasit, TORAY INDUSTRIES, INC., W. Barnet GmbH & Co. KG , Bridgestone Corporation and Forbo International SA are the major companies operating in the Industrial Fabric Market.
