Industrial Fabrics Market Segmentation:
Application Segment Analysis
The automotive segment is expected to account for the highest market share by 2035, owing to the rapid growth in the automotive industry seen recently. As per the estimations, the revenue generation by the global automotive industry is anticipated to stand at almost USD 9 trillion by 2030. Also, the rising demand for automobiles by the burgeoning population is another factor that is expected to increase the sales of industrial fabrics in the upcoming years. Furthermore, the increasing awareness about automotive safety owing to the incorporation of industrial fabrics in automotive components is expected to create a positive outlook for segment expansion in the future.
Fiber Segment Analysis
The polyester segment is projected to hold the largest share during the forecast period. Various advantages of industrial fabrics made with polyester fiber such as lightweight, malleable, water-resistant, sturdy, and highly functional are anticipated to increase the usage of polyester in manufacturing strong industrial fabrics which could be used in various industries and numerous applications. On the other hand, the polyamide segment is also estimated to hold a significant share and further grow with a notable CAGR during the forecast period. As a result of the robust properties of polyamide including heat stabilization and flame retardation, industrial fabrics manufactured with polyamide are being extensively used in producing flame-retarding apparel and other protective fabrics. Also, the increase in cases of fire accidents, and injuries in industrial settings is estimated to escalate the sales of polyamide-based industrial fabrics in the assessment period.
Our in-depth analysis of the global market includes the following segments:
|
By Fiber |
|
|
By Type |
|
|
By Application |
|
