Global Industrial Fabrics Market Size To Witness Significant Growth In Near Future | Radiant Insights, Inc
SAN FRANCISCO, Oct. 29, 2019 /PRNewswire/ -- Global Industrial Fabrics Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Industrial fabrics are engineered and designed to be used in an extensive range of processing, automotive, filtering, printing, and belting applications. Both natural and synthetic materials are used in the manufacture of industrial fabrics that produced in unwoven textures or woven in several patterns.
The factors that are playing a major role in the growth of the market are the rising demand from the automotive industry and the excellent properties of the industrial fabric. However, the strict government policy may restrain overall market growth in the years to come. Industrial fabrics market is segmented based on fiber type, application, and region.
Composite, polyamide, aramid, polyester, and other fiber types could be explored in industrial fabrics market in the forecast period. The composite sector comprises carbon fiber and glass fiber. The polyester fiber sector may account for the significant market share of industrial fabrics in terms of volume and value and is estimated to lead the overall market in the years to come. Also, aramid sector is estimated to grow at the fastest pace in the years to come.
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The market may be categorized based on applications like flame resistant apparel, conveyor belts, automotive carpet, transmission belts, protective apparel, and others could be explored in the forecast period. Automotive carpet may account for the substantial market share of industrial fabrics and is estimated to lead the overall market in the years to come. The reason could be its properties like chemical resistance, tensile strength, and heat resistance.
Industrial fabrics market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, Asia Pacific may account for the substantial market share of industrial fabrics and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, the rising FDI and industrialization, and the expansion of the automotive industry. The developing countries like India and China are the major consumers of industrial fabrics in this region.
The key players of the industrial fabrics market are Fitesa SA, Forbo International SA, Johns Manville, Ahlstrom-Munksjö, DowDuPont, Habasit AG, W. Barnet GmbH & Co. KG, Toray Industries Inc., Cerex Advanced Fabrics Inc., and ContiTech AG. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Summary
The Global Industrial Fabrics Industry Situation and Prospects Research report is a professional and in-depth study on the current state of the Industrial Fabrics industry.
In 2016, the world economy expanded by just 2.2 per cent, the slowest rate of growth since the Great Recession of 2009. Underpinning the sluggish global economy are the feeble pace of global investment, dwindling world trade growth, flagging productivity growth and high levels of debt. World gross product is forecast to expand by 2.7 per cent in 2017 and 2.9 per cent in 2018, with this modest recovery more an indication of economic stabilization than a signal of a robust and sustained revival of global demand. Given the close linkages between demand, investment, trade and productivity, the extended episode of weak global growth may prove self-perpetuating in the absence of concerted policy efforts to revive investment and foster a recovery in productivity. This would impede progress towards the Sustainable Development Goals (SDGs), particularly the goals of eradicating extreme poverty and creating decent work for all.
For the sake of making you deeply understand the Industrial Fabrics industry and meeting you needs to the report contents, Global Industrial Fabrics Industry Situation and Prospects Research report will stands on the report reader's perspective to provide you a deeply analysis report with the integrity of logic and the comprehensiveness of contents. We promise that we will provide to the report reader professional and in-depth industry analyses no matter you are the industry insider potential entrant or investor.
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Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Industrial Fabrics market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.
Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (North America, Europe, Japan, India, China and The rest of the world), and other regions can be added.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Industrial Fabrics industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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