Industry Background:
Industrial Fabrics are fabrics that are extensively used in manufacturing various industrial products and other technical processes. Industrial Fabrics may be made up of natural or synthetic or semi-synthetic fibers. This fabric are made to perform under extreme pressures, elasticity, heat, and other industrial physical pressures. Industrial fabric may be knitted, woven, crocheted, or even non-woven. The COVID-19 heavily hit this industry. Because demand for industrial fabric is expected to drastically come down due to many industries bring in the use of industrial fabrics will be forced to shut-down in lockdowns. Even after lockdowns open-up, only a few industries are working with their 100% labor force. COVID-19 also disrupts global supply chains and slowdown industrial production, this sluggish behavior also impacted industrial fabric demand.This growth is primarily driven by Rapid Growth in the Automotive Industry, Because of Rising Per Capita Incomes in Middle and Lower lower-middle-income economies Such as South Asian Countries, Latin American Countries, and a Few North African Countries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Textiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as DuPont (United States), Habasit AG (Switzerland), Kimberly-Clark (United States), Milliken & Company (United States), Freudenberg Group (Germany), Saint-Gobain (France), Berry Global Group (United States), Ahlstrom-Munksjö (Finland), Honeywell International (United States), Asahi Kasei Corporation (Japan), Mitsubishi Chemical Holdings (Japan), Toyobo Co., Ltd. (Japan), Fibertex Nonwovens (Denmark), TenCate Geosynthetics (United States), Beaulieu International Group (Belgium) and SRF Limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Milliken & company acquired Andover healthcare. The two companies aim at strategically using their combined resources to invest in research and development of high-quality healthcare fabric which is patient-driven in nature
In the peak of Covid-19 in America, the American fabric and textile giant Johns Manville innovated and manufactured a new non-woven fabric primarily for the manufacturing of disposable medical gowns which were in high demand in the US and around the World for medical professionalsThe market is highly competitive but the recent pandemic situation, opened up space for new entrants as well as other medium-scale firms to innovate and capture the market, majorly in the healthcare industry. Due to the high demand for healthcare protective gear as well as the loosening of lockdown mandates and opening of other end-user industries. Major players which at present capture most of the market are Dupont, Habasit AG, and Forbo International SA, observing that most of these firms are European and North American
Influencing Trend:
Increase in focus, on Sustainability around the World Especially in Developed Countries leading Companies forced to innovate and Redesign their Products by Finding a Better or Efficient Alternative to Petro-Chemical Process Made Synthetic Polymers and Other Fibres
Market Growth Drivers:
Rapid Growth in the Automotive Industry, Because of Rising Per Capita Incomes in Middle and Lower lower-middle-income economies Such as South Asian Countries, Latin American Countries, and a Few North African Countries and Rising Demand for Industrial Filtration and Separation Processes is Another Reason for the Thriving of the Industrial Fabric Market
Challenges:
As most, the Industrial Fabrics are Made Up of Synthetic Petroleum-Based Fibres, which are Non-Degradable in Nature, and Since Recent Climate Policies are Very Strict, this may be a Limiting Factor for the Growth of the Existing Industrial Fabric Market Unless No Innovation Takes Place and Innovating in Sustainable and Environment-Friendly Alternatives to Non-Degradable Petroleum-Based Industrial Fabrics Would be Another Major Challenge in the Coming Decade
Restraints:
The Industrial Fabric Sector is Subjected to Stringent Regulations by Various Governmental Bodies Across the Globe and As Petroleum Prices Rise, the Cost of Production of Polymers and Synthetic Fibres increases too, as this is a Primary Materials Used for Manufacturing Industrial Fabrics thus Controlling the Cost of Manufacturing Industrial Fabrics Would be a Major Hurdle to Overcome
Opportunities:
Low-cost semi-skilled Labour is Found in Abundance in South Asian Countries, where Industrial Fabric Manufacturers can Benefit Because of Lower Manufacturing Costs and Governmental Aided Financial and Regulatory Support to Private Firms in Many Countries After COVID-19 will Aid in the Recovery of All Major Industries Including the Automotive Industries which will in Return Thrive the Demand for Industrial Fabric
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Industrial Fabrics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Industrial Fabrics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Industrial Fabrics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Industrial Fabrics Study Sheds Light on
The Industrial Fabrics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Industrial Fabrics industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Industrial Fabrics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.