New York, NY, Dec. 11, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Fabric Market by Fiber (Polyamide, Polyester, Aramid, and Composite) and by Application (Conveyor Belts, Transmission Belts, Protective Apparel, Automotive Carpet, and Flame Resistant Apparel): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024”. According to the report, global industrial fabric market was valued at USD 110.12 billion in 2017 and is expected to reach USD 154.95 billion in 2024, growing at a CAGR of 5.0% between 2018 and 2024.
The most widely used industrial fabrics are belting, filter cloth, conveyor belting, cord fabrics, hose fabrics, and press cloth. In some branches of the industries, synthetic films are replacing industrial fabrics. Industrial fabrics can be manufactured from virtually different fibers of textile fibers and threads. Some nonindustrial fabrics include serge, gauze, and calico, are also used for industrial purposes, in the production of gaskets, covers, and tracing cloth.
Browse through 55 Tables & 31 Figures spread over 110 Pages and in-depth TOC on “Global Industrial Fabric Market: By Types, Size, Industry Share, Demand, Segments, Analysis and Forecast, 2018 – 2024”.
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The market is driven by rising use of industrial fabric in the automotive industry and superior quality offered by the fabric is estimated to drive the market of industrial fabric over the forecast period. However, stringent government regulations are expected to impede the demand of the market. Nevertheless, opportunities in the filtration applications and emerging markets of APAC region are the major opportunities for the global industrial fabric during the projected years.
The market of industrial fabric is segmented into fiber, application, and region. Based on the key fiber, the industrial fabric market is divided into polyamide, polyester, aramid, and composite. Among all the fiber, polyester accounted for the largest market share in 2017, in terms of volume and value. Polyester industrial fabrics accounted for the largest market share owing to its increasing application in the transmission belts and conveyor belts, among other applications. The automotive industry is one of the major consumers for polyester industrial fabrics. These fabrics having superior properties include good tearing strength, good abrasion, and UV resistance, and ease of cleaning.
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Asia Pacific accounted for the largest market share in 2017 for the industrial fabric market owing to a high demand from the developing economies as well as developed countries of the region. China was the largest market in 2017 and is estimated to retain its dominance in the near future. Rapid use of industrial fabrics in various applications such as in the production of parts of machines, various technical articles, and structures have increased the demand for industrial fabric in China. Taiwan and India are also expected to exhibit substantial growth during the projected years. Rising government incentives and cheap skilled labor availability in developing countries are providing a favorable atmosphere to the automobile manufacturers to shift their manufacturing base into such countries. Some countries of the region such as Indonesia and Taiwan are considered as the hub for shipbuilding participants and automobile manufacturers, which is one of the end-user industries that utilize industrial fabrics.
Increasing demand for automobile in North America is the key sign of increasing demand for the automobile industry in North America. The highly developed industrial area in the region and day by day rising automobile demand in the region is anticipated to enlarge the industrial fabric market in the projected years.
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Europe is the second largest market for industrial fabric after Asia Pacific. Europe is expected to show a significant growth rate over the projected time period owing to the well-developed automobile industry and huge industrialization in the region is anticipated to enhance the industrial fabric market in the region in the near future.
The Middle East and Africa and Latin America are anticipated to exhibit a moderate growth rate as they are less developed regions and less industrial area than the developed and developing regions. However, various industries are moving their manufacturing plants in the region for geographical expansion, which is expected to create new opportunities for the market in the near future.
Browse the full "Industrial Fabric Market by Fiber (Polyamide, Polyester, Aramid, and Composite) and by Application (Conveyor Belts, Transmission Belts, Protective Apparel, Automotive Carpet, and Flame Resistant Apparel): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024"Report At https://www.zionmarketresearch.com/report/industrial-fabric-market
The key players in the global industrial fabric market are Forbo International SA, Ahlstrom-Munksjö, Habasit AG, Toray Industries, Inc., W. Barnet GmbH & Co. Kg, Contitech AG, Cerex Advanced Fabrics, Inc., Dowdupont, Johns Manville, Fitesa S.A., and G.R. Henderson Co. Textiles Ltd. The description of key players includes company overview, business, and recent developments, the financial overview of the manufacturers.
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This report segments the industrial fabric market as follows:
Industrial Fabrics Market: Fiber Analysis
- Polyamide
- Polyester
- Aramid
- Composite
Industrial Fabrics Market: Application Analysis
- Conveyor Belts
- Automotive Carpet
- Protective Apparel
- Automotive Carpet
- Flame Resistant Apparel
Industrial Fabrics Market: Region Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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