Industrial Fabric Market Analysis & Future Growth Prospects to 2032

The global industrial fabric market achieved a size of USD 143.26 Billion in 2022 and is anticipated to reach USD 218.46 Billion by 2032, demonstrating a robust revenue Compound Annual Growth Rate (CAGR) of 4.8% throughout the forecast period. The market's revenue expansion is propelled by the dynamic growth of various end-use sectors, such as automotive, construction, agriculture, and mining. Industrial fabrics, meticulously designed and engineered to meet the stringent requirements of these industries, play a pivotal role in this market.

Furthermore, the automotive sector's progress is a pivotal factor contributing to market revenue growth. Industrial fabrics, offering superior insulation, Ultraviolet (UV) resistance, and enhanced aesthetics, have experienced increased utilization in both interior and exterior applications in automobiles. The escalating demand for lightweight and fuel-efficient vehicles further underscores the necessity for high-performance industrial fabrics characterized by enhanced strength and durability.

The construction sector stands as another significant end-use domain for industrial fabrics. These fabrics find frequent application in roofing, geotextiles, and reinforcement materials within the construction industry. The increasing preference for environmentally friendly and sustainable building materials has propelled the popularity of industrial fabrics in this sector.

Additionally, the agricultural sector is poised to drive market revenue growth with the growing adoption of industrial fabrics. In agriculture, these fabrics are commonly used for purposes such as greenhouse covers, shade cloths, and weed control fabrics. The rising global demand for food production and the need for increased agricultural output contribute to the growing popularity of industrial fabrics in agriculture.

Strategic developments within the Industrial Fabric Market include:

In 2021, Berry Global Inc. successfully concluded the acquisition of Clopay Plastic Products Company, Inc., a prominent manufacturer specializing in breathable films and laminates for hygiene, healthcare, and industrial applications. This acquisition aimed to broaden Berry Global Inc.'s product portfolio and fortify its position in the global industrial fabric market.
In 2020, Ahlstrom-Munksjo announced the acquisition of Expera Specialty Solutions, LLC, a leading producer of specialty paper and industrial nonwoven materials. This strategic move aimed to expand Ahlstrom-Munksjo's product offerings and enhance its standing in the global industrial fabric market.
In 2020, E.I. du Pont de Nemours and Company (DuPont) finalized its merger with The Dow Chemical Company, resulting in the formation of DowDuPont Inc. This merger was strategically executed to establish a leading materials science company with a robust presence in the global industrial fabric market.

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