iCrowd Newswire - Sep 15, 2020
Analysts at Zion Market Research have forecasted the performance of the industrial protective fabrics market at a global level and mentioned that the market valuation has surpassed 3.1 billion in 2019. Based on the analytical data, the market is anticipated to flourish at a CAGR of nearly 14.4% and would reach close to USD 10.86 billion by 2026. Industrial fabric is a vast sector that has a wide range of applications in filtering, printing, belting, processing, and automotive industries. The vast sector is divided into various segments based on the uses such as cleaning, wicking, filtering, and protecting. Both natural and synthetic materials are used in manufacturing industrial fabrics. Some of the materials used to manufacture industrial fabrics are graphite, aramid fibers, Kevlar, fiberglass yarns, nylon, and polyester.
Some of the leading industrial protective fabrics manufacturers influencing the global market are TenCate Protective Fabrics, Teijin Limited, DowDupont, W. Barnet GmbH & Co. KG, and Milliken & Company. To enhance the production capacity, enhance global existence, and hold majority stakes in the market, the manufacturers are carrying out several approaches such as acquisitions, collaborations, mergers, and partnerships. For instance, Milliken & Company proclaimed in September 2015 regarding the acquisition of flame-resistant fabrics manufacturer, Springfield LLC.
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Boost In Automotive And Space Sector Likely To Soar The Demand Of Industrial Protective Fabrics Clothing
Industrial protective fabrics are highly tough, flame resistant, and have phenomenal thermal properties owing to which these are used to manufacture military clothing and spacesuits. The demand for spacesuits is rising considerably at a global level. From the past few years, the space market has been boosting at a tremendous rate, which is eventually soaring the demand for the industrial protective fabrics market. Furthermore, stringent regulations set by health & safety-related agencies and rising concerns regarding human resource safety in several industries comprising chemical, construction, and oil & gas will eventually boost the industrial protective fabrics market.
On the contrary, with the objective of manufacturing cost-effective industrial protective fabrics, some industries are depleting the quality of the industrial protective fabrics, which is hampering the market growth.
The report interprets the comprehensive analytical information of the global industrial protective fabrics market by categorizing the market on the basis of product, application, and region. Based on the product, the report has bifurcated the global industrial protective fabrics market into disposable and durable. By application, the market is segmented into limited general-use, clean room, mechanical protective, flame retardant apparel, chemical defending garments, and others. Among the abovementioned applications on which the market is divided, the chemical defending garments segment is further categorized into particulate matter and radiation protection.
Significantly Growing Space Industries In The Asia Pacific Region Likely To Flourish The Industrial Protective Fabrics Market
Asia Pacific industrial protective fibers market is anticipated to exceed the value of USD 2.45 billion by the end of the forecast period owing to the strong support from China, South Korea, India, and Japan. The flame-resistant product is utilized for manufacturing the tough suits for safety automotive industry workers.
Browse the full “Global Industrial Protective Fabrics Market – By Product (Disposable and Durable), By End-Use (Commercial, Residential, And Industrial), By Applications (Limited General-Use, Clean Room, Mechanical Protective, Flame Retardant Apparel, Chemical Defending Garments, And Others), And By Region – Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/industrial-protective-fabrics-market
The global industrial protective fabrics market is segmented as follows:
- Limited general-use
- Clean room
- Mechanical protective
- Flame retardant apparel
- Chemical defending garments
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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Keywords: Industrial Protective Fabrics Market