New Product Development at Full Capacities to Give Boost to the Industrial Fabric Demand During the Forecast Period

New Product Development at Full Capacities to Give Boost to the Industrial Fabric Demand During the Forecast Period
Browse 130 market data Tables and 43 Figures spread through 158 Pages and in-depth TOC on "Industrial Fabric Market"
Industrial Fabric Market by Fiber Type (Polyamide, Polyester, Aramid, Composite, and Others), Applications (Conveyor Belt, Transmission Belt, Protective Apparel, Automotive Carpet, Flame Resistance Apparel, and Others) , Region

Industrial fabrics are used in a variety of applications, including conveyor belt, transmission belt, protective apparel, automotive carpet, flame resistance apparel and others. It possesses high strength, scrub resistance, and good light stability, which makes it useful in applications such as conveyor belt, protective clothing, warp knitting, hoses, industrial sewing threads, and narrow & broad fabrics. However, amidst the global COVID-19 pandemic, the demand for industrial fabric s from the industries mentioned above is expected to show a sharp decline. The global industrial fabric market size is expected to grow from USD 108.3 billion in 2020 to USD 162.9 billion by 2025, projecting a CAGR of 8.5 % during the forecast period between 2020 and 2025.

APAC accounts for the biggest share of the global industrial fabric  market. The Protective Apparel and automotive carpet application holds are major consumers in the region. The region is home to some of the major Industrial Fabric manufacturers such as ACP Composites and Owens Corning. Moreover, the China is a manufacturing hub of various commercial, military, private aircraft and one of the major automobile manuafacturer. Europe is the second major consumer of industrial fabric s. Marine, wind energy, and transportation are the major industries fueling the growth of the industrial fabric market in this region.

Key players operating in the industrial fabric market offer high-grade industrial fabrics and are focused on adopting inorganic and organic growth strategies to strengthen their market positions. These players have adopted partnerships, expansions, acquisitions, and new product developments as their key growth strategies between 2013 and 2018.

To know about the assumptions considered for the study download the pdf brochure

Major players operating in the 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). These companies have a strong presence in the market and are undertaking initiatives to improve their business strategies and product portfolios.

Habasit AG is one of the prime players in the industrial fabric market. The company is a prominent supplier of belting solutions to various industries, such as food, textile, automotive, packaging, business machines, wood, and printing & paper. The company is highly focused on the new product development strategy. For instance, in April 2018, the company introduced a new polyether-based TPU food belt, which offers enhanced food safety and longer service life.

Ahlstrom-Munksjö is another major player in the industrial fabric market. The company offers a wide variety of fabric-based products for transportation, wind, construction, and other industries. The company has adopted various strategies to cater to the increasing demand in the market. For instance, in July 2018, it launched Highflow, which is a new fabric for use in the production of wind turbine blades. The company also merged with Munksjö Oyj to provide innovative fiber-based solutions and enhance its product portfolio.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=69944505

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/industrial-fabric-market-69944505.html


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.