Future Market Insights’ latest report predicts substantial growth in the industrial fabric market, forecasting an increase from USD 21.20 billion in 2024 to USD 33.40 billion by 2034, achieving a compound annual growth rate (CAGR) of 4.60%. The report provides a comprehensive analysis of key market segments, including cutting machines, vinyl fabric sales in India, manufacturing processes for filter bags, wholesale pricing strategies, and the advantages of elastic fabric. Additionally, it offers insights into leading industrial fabric manufacturers and their market shares.
Following the pandemic, there has been a notable expansion in the global construction and infrastructure development sectors. This surge has significantly bolstered the demand for industrial fabrics, particularly in applications such as roofing, insulation, and reinforcement. Industrial fabrics are also seeing increased uptake in manufacturing facilities across various sectors, where they are used for conveyor belts, transmission belts, machine covers, and filtration systems, supporting efficient material handling and production processes.
Request for a Sample of this Research Report!
https://www.futuremarketinsights.com/reports/sample/rep-gb-19101
Moreover, the automotive industry is a key driver of industrial fabric demand, with growing requirements for lightweight materials that enhance fuel efficiency and performance in vehicles. Additionally, the healthcare sector continues to contribute to market growth, especially post-COVID-19, emphasizing the crucial role of specialized medical textiles in products like surgical gowns, masks, and wipes.
Overall, the industrial fabric market is poised for significant expansion driven by robust growth in construction, manufacturing, automotive, and healthcare sectors, highlighting the versatility and essential applications of industrial fabrics across various industries.
“Sustainability is a major concern in this industry. Companies in the industrial fabric market should embrace sustainability practices throughout their operations, from raw material sourcing to manufacturing processes and product disposal. This will not only enhance their brand image but also bring them new consumers who are worried about their environmental impact on the surroundings,” – says FMI analyst.
Key Takeaways from the Market Study
- The polyester segment dominates the industrial fabric market, accounting for a share of 4.50%.
- On the basis of the application, the transmission belt segment leads the industrial fabric market, holding a share of 4.40%.
- The industrial fabric market in the United States is anticipated to grow at a CAGR of 4.80% through 2034.
- The industrial fabric market in China is estimated to rise at a 5.00% CAGR through 2034.
- The industrial fabric market in Japan has the potential to increase at a 5.90% CAGR through 2034.
Competitive Landscape
The industrial fabrics market is highly competitive, with numerous companies catering to various industries worldwide. Major players in the market include Habasit AG, TORAY INDUSTRIES, INC, W.Barnet GmbH & Co. KG, Bridgestone Corporation, and Forbo International SA.
These companies invest heavily in research and development to come up with eco-friendly and sustainable fabrics to meet the demands of environmentally conscious consumers and businesses. Mergers and acquisitions are common in this industry as companies try to leverage each other’s expertise and supply chain capabilities to gain a competitive edge.
Recent Developments
- In November 2023, Hayleys Fabric PLC collaborated with Pro Green Laboratories to repurpose textile industry waste into sustainable construction materials. The partnership, inspired by research led by Professor Rangika U. Halwatura, was launched under the FaBriEco initiative, focusing on developing eco-friendly products for the local market.
- In June 2023, Recover™, Rieter, and Polopiqué joined forces to address the textile industry’s growing demand for high-quality, recycled fiber-enriched yarns. This pioneering collaboration resulted in the production of a sustainable garment unveiled at ITMA 2023 in Milan, featuring an impressive 40% recycled post-industrial fabric waste content.
- In January 2024, Baltex significantly expanded its polyamide fabric manufacturing operations in Russia’s Saratov region, investing over 800 million rubles. The expansion project, initiated in 2023 with modernization and equipment installation, received state support. Baltex aims to increase production capacity by 50% with further upgrades.
Seize this Opportunity: Buy Now for a Thorough Report!
https://www.futuremarketinsights.com/checkout/19101
Key Market Segmentation
By Fiber Type:
- Polyester
- Aramid
- Polyamide
- Composite
- Others
By Applications:
- Transmission Belt
- Protective Apparel
- Conveyor Belt
- Automotive Carpet
- Flame Resistance Apparel
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube