PRwire360
30 Sep 2022, 23:40 GMT+10
Increased automotive production is a key factor driving webbing market revenue growth
Market Size - USD 3.45 Billion in 2021, Market Growth - at a CAGR of 7.0%, Market Trends - Rising demand for high impact resistance, hardness, and resistance to a range of organic solvents, acid, and alkali corrosion
New York, September 26, 2022 - The global webbing market size was USD 3.45 Billion in 2021 and is expected to register a revenue CAGR of 7.0% over the forecast period, according to the latest report by Reports and Data. Increased automotive production is a key factor driving market revenue growth. The webbing has a high impact on the automotive seat belt's properties. The fabric's structure enhances functionality. Braided seat belts, seat belts with printed faces and backs, seat belts with load-sensitive features, and energy-storing seat belts are just a few of the available options for seat belts. Filament yarns made of Polyethylene Terephthalate (PET) or Polyamide (PA) are used to make seat belt webbing. Although PET has replaced PA as the major fiber in seatbelts, PA has long been the predominant fiber in seatbelts. PET is preferred owing to its increased ability to absorb impact energy, decreased fading from sunlight, and improved dimensional stability in a variety of temperature and humidity situations.
Rising need for high-impact resistance and hardness to a variety of organic solvents, acid, and alkali corrosion are key factors driving market revenue growth. Thermoplastic polypropylene is one of the most well-liked polymer substances. It can be applied in a range of commercial and industrial contexts. Polypropylene webbing can change color quite quickly since colored polypropylene is extruded rather than dyed after weaving. Moreover, it can be recycled, making it eco-friendly.
The main factors driving market revenue growth include rising demand for webbing owing to its use in numerous industries, including climbing, slacklining, furniture making, vehicle safety, auto racing, towing, parachuting, military gear, load fastening, and others. Strips of tightly woven, durable materials, such as nylon, Kevlar, and Nomex, are used to make military webbing. When used for different applications such as parachutes and ballooning, these materials also meet Parachute Industry Association (PIA) criteria. Mil-spec webbing is used to make military belts, packs, pouches, and other equipment.
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Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented the global webbing market based on material, product, end-use, and region:
Material Outlook (Revenue, USD Billion; 2019-2030)
Product Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
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