Global Industrial Fabric Market: Market Driver and Restraint
Applications of Industrial Fabric are anticipated to create new business segments in the market. Industrial Fabric is in use for a broad range of Agriculture products such as heavy industrial applications, packaging protection material & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Industrial Fabric application is developed towards a more active mode.
Manufacturers are exploring the potential of Industrial Fabric in Automotive. Application of Industrial Fabric in environmentally friendly material are gaining traction in the recent years. Recently, manufacturers have started using Industrial Fabric in the Electronics area. Further, there are also potential uses in the areas of newly developed material.
Global Industrial Fabric Market: Key Takeaways
· On the one hand, Industrial Fabric manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· Besides, they are trying to broaden the applications of Industrial Fabric such as Medical.
· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the coming 5 years.
Global Industrial Fabric Market: Forecast by Material
This segment includes Polyamide technical fabrics, Polyester technical fabrics, etc. In terms of volume, Polyamide technical fabrics segment is expected to remain dominant in the global Industrial Fabric market.
Global Industrial Fabric Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. Japan is the dominant market in the global Industrial Fabric market in terms of value. The Japan Industrial Fabric market was estimated to be valued at US$ 8,983 Mn in 2017 and is expected to expand at a value CAGR of 5.5% over the forecast period. The USA market is expected to expand at a robust rate of 4.5% in terms of revenue over the forecast period due to the steadily increasing production capacity for heavy industrial applications products in this region.
Global Industrial Fabric Market: Key Players
Berry Plastics, Freudenberg, Kimberly-Clark, Beaulieu Technical Textiles, DuPont, Toray Industries, Ahlstrom, Johns Manville, AVGOL, Fitesa, Suominen, TWE Group, PEGAS, 3M, Takata, Royal TenCate, Bally, etc. are the key vendors included in this report.
The market concentration of Industrial Fabric is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. Berry Plastics Chemical is by far the leader, followed by Freudenberg and Kimberly-Clark. Key Vendors like Beaulieu Technical Textiles, DuPont, and Toray Industries, also play important part in regional market, so the market share in each region is quite different.
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