The Industrial Fabric Global Market Report 2023, provides comprehensive information on the industrial fabric market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global industrial fabric market size is expected to grow from $128.71 billion in 2022 to $139.31 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of industrial fabric market is expected to reach $183.37 billion in 2027 at a CAGR of 7.1%.
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Technological advancements are the key trend gaining popularity in the industrial fabric market. Major companies operating in the industrial fabric market are adopting new technologies to sustain their position in the market. For instance, in May 2023, TenCate Protective Fabrics, a US-based manufacturer of protective fabrics, launched Tecasafe 360+, an inherently flame-resistant stretch fabric. The Tecasafe 360+ combines the protection of flame-resistant (FR) materials with the comfort and wearability of intrinsic stretch technology. Tecasafe 360+ satisfies all the requirements for contemporary FR-textile-wearing professionals by fusing a specific blend of intrinsic FR materials with the ground-breaking stretch properties of XLANCE fibers.
The industrial fabric market is segmented:
1) By Fiber Type: Aramid, Polyester, Polyamide, Nylon, Fiberglass, Composite, Kevlar, Graphite, Other Fiber Types
2) By Application: Conveyor Belt, Automotive Carpet, Flame Resistance Apparel, Transmission Belt, Protective Apparel, Other Applications
3) By End-User: Clothing, Homeware, Accessories, Other End-Users
Asia-Pacific was the largest region in the industrial fabric market in 2022.
The table of contents in TBRC’s industrial fabric market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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