Industrial Fabrics Industry - Regional Synopsis
APAC Market Statistics
The Asia Pacific industrial fabrics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The primary factor for the market growth in the region is the rising population along with the increasing demand and manufacturing of textile fibers. The recent statistics revealed that China was the top-ranked global textile exporter in 2021 with a value of approximately USD 120 billion, almost 52% of the total textile export industry in Asia. Another growth factor of the market is the presence of a large manufacturing base along with the availability of cheap labor and raw materials at a low cost for manufacturing industrial fabrics in countries like India, China, and Japan. In addition, the high demand for industrial fabrics from various end-use industries including automotive, oil & gas, chemical, construction, and other manufacturing industries.
North American Market Forecast
On the other hand, the North America industrial fabrics market is also projected to grow at a significant rate and generate noteworthy revenue during the forecast period. As North America is one of the most developed regions in terms of industrialization, urbanization, and technological advancements, the manufacturing rate of industrial fabrics is considered to be fast. Also, the growing workers’ population in the region is estimated to increase the usage of industrial fabrics in a wide range of end-use industries owing to the rising concerns related to workers’ safety. Furthermore, the high adoption rate of geotextiles for soil reinforcements and geotechnical engineering is also projected to propel the expansion of market size in the region.
