DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The "Industrial Fabric Market by Fiber (Polyamide, Polyester, Aramid, Composite), Application (Conveyor Belts, Transmission Belts, Protective Apparel, Automotive Carpet, Flame Resistant Apparel), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of industrial fabric is estimated at USD 120.94 billion in 2018 and is projected to reach USD 153.6 billion by 2023, at a CAGR of 4.9% between 2018 and 2023.

Owing to their superior properties, industrial fabrics are increasingly used in various applications, such as conveyor belts, transmission belts, protective apparel, and flame resistant apparel, among others. The growth of the automotive industry has also helped increase their demand as industrial fabrics are widely used in the form of automotive carpet.

Apart from this, the significant demand from the filtration application is one of the major opportunities for the industrial fabric market. However, stringent government regulations associated with the manufacturing of industrial fabric restrain the growth of the market.

The aramid fiber segment is projected to register the highest CAGR from 2018 to 2023, in terms of value. Aramid fibers are increasingly used in the industrial fabric market. These fibers possess high strength and rigidity and are resistant to heat and flame, making them useful in flame resistant apparel as well as protective apparel.

The industrial fabric market in APAC is projected to register the highest CAGR, between 2018 and 2023, in terms of value and volume. This growth can be attributed to the increasing demand for industrial fabric from the region's automotive and aerospace industries. Initiatives undertaken by various APAC countries toward automotive project investments are also contributing to the growth of the industrial fabric market in this region.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Fabric Market, By Fiber

7 Industrial Fabric Market, By Application

8 Industrial Fabric Market, By Region

9 Company Profiles

Forbo International SA Ahlstrom-Munksj Habasit AG Toray Industries Inc. ContiTech AG Cerex Advanced Fabrics Inc. W. Barnet GmbH & Co. KG DowDuPont Johns Manville Fitesa SA Berry Global Inc. Kimberly-Clark Corporation Freudenberg & Co. KG Russett Holdings Beaulieu Technical Textiles The Yokohama Rubber Co. Ltd. CBC India Bridgestone Corporation Zenith Rubber Wovlene Tec Fab India Parishudh Fibres Pvt. Ltd. Sage Automotive Interiors Inc. ACME Mills

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SOURCE: Research and Markets

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PUB: 08/20/2018 05:18 AM/DISC: 08/20/2018 05:18 AM