Market Size of Industrial Fabric Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Fabric Market Analysis
The market for industrial fabric is expected to grow at a CAGR of over 3% during the forecast period. Major factors driving the market studied are rapidly growing application in automotive sector and increasing application in conveyor belts. Growing demand for bio-based fabrics is expected to hinder the growth of the market studied.
- Application in the manufacture of automobile interior trims like seat covers, carpets, roof and door liners dominated the market and is expected to grow during the forecast period owing to the increasing demand for automobiles among consumers.
- The industrial fabric is also used in the manufacture of conveyor belts, transmission belts, and other drive belts that serves a major part in mining industry.
- Asia-Pacific region dominated the market for industrial fabric market with India, China, Japan representing major countries in consumption.
