The report "Industrial Fabric Market by Fiber (Polyamide, Polyester, Aramid, Composite), Application (Conveyor Belts, Transmission Belts, Protective Apparel, Automotive Carpet, Flame Resistant Apparel), and Region - Global Forecast to 2023" published by MarketsandMarkets™, the market is projected to grow from USD 120.94 billion in 2018 to USD 153.60 billion by 2023, at a CAGR of 4.9% between 2018 and 2023.
The increasing use of industrial fabric in the form of automotive carpet in the automotive end-use industry is one of the significant factors driving the Industrial Fabric Market.
The flame resistant apparel application segment is projected to register the highest CAGR in terms of value and volume during the forecast period
Nylon and polyester fibers are increasingly used in flame retardant industrial fabrics as they offer high-temperature resistance. Flame resistant apparels are designed to protect industrial workers from high temperatures and flames. The increasing industrial activities in APAC, Europe, and North America are bolstering the flame resistant Industrial Fabric Market.
The polyester fiber segment is estimated to account for the major market share during the forecast period
The large market size of polyester industrial fabrics is attributed to their increasing application in conveyor belts and transmission belts, among other applications. The automotive industry is also one of the major consumers of polyester industrial fabrics. These fabrics offer various useful properties, such as good UV and abrasion resistance, good tearing strength, and ease of cleaning.
APAC is estimated to be the largest market for industrial fabric in 2018, in terms of valueand volume
The APAC region is estimated to account for the largest share of the Industrial Fabric Market in 2018. The growth of the APAC Industrial Fabric Market can be attributed to the expansion of the automotive industry. The market growth is also attributed to the presence of well-established automotive manufacturers in this region.
Key players operating in the global Industrial Fabric Market include 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), and Fitesa SA (Brazil).
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