Publication Month: Jun 2021 | Report Code: TIPRE00020354 | No. of Pages: 153 | Category: Chemicals and Materials | Status: Published
Webbing is a strong woven fiber available in flat strips or tube form; it is used as a substitute of rope. Conventionally, webbing is produced using cotton and silk, however, polymer, nylon, and polyester are replacing the traditional materials. Webbing is known for its properties such as convenience, tensile strength, and chemical resistance; it can be used as a replacement of steel wires, ropes, or chains in various industrial applications. Webbings are significantly used in military apparels, parachutes, climbing, automotive textile, fire safety gear, military goods, harnesses, packs, hiking gear, and others. Other than this, webbing is extensively used to produce protective equipment for oil & gas workers.
The automotive segment would hold the largest share of the global webbing market, by end use, in 2021. Webbing is a significant component of manufacturing of seat belts, safety harnesses, pull straps; edge binding for convertible tops; straps and binding for luggage nets; catch belts for airbags; and so on. Rise in demand for vehicles in developing economies such as India and China is supporting the growth of the market. According to the Global status report on road safety, the growing important and awareness about wearing a seatbelt to minimize the risk of a fatality among front seat passengers and rear-seat passengers has promoted the demand for webbing.
In 2021, Asia Pacific would account for the largest share of the global webbing market. The dominance of this region in the global market is primarily attributed to the presence of strong industrial sector, including the manufacturing units of several prominent enterprises. The demand for webbing is high in verticals such as automotive, aerospace & defense, industrial and safety, fashion accessories, textile, and sports goods. Further, the rise in investments in the manufacturing sector provides lucrative opportunities for the growth of the webbing market in Asia Pacific. Favorable policies implemented by the government of India such as Atmanirbhar Bharat and Make in India are expected to create sufficient growth opportunities for the diverse industrial bases, which, in turn, would boost the consumption of webbings in the region.
As of June 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries by the COVID-19 pandemic. Measures imposed to contain the disease spread, including lockdown, travel bans, and business shutdowns, have severely impacted economies and industries in several countries. Chemicals & materials is one of the key industries experiencing severe disruptions due to the discontinuation of supply chains and plant operations. The shutdown of manufacturing plants in regions such as North America, Europe, and APAC has hampered the global supply chains, thereby affecting manufacturing processes, distribution schedules, and product sales. The consequences of COVID-19 pandemic have also led to the slowdown of webbing production, demand, and trade. The shutdown of national and international boundaries have affected business development strategies of various companies. However, with the economies planning to revive their operations, relaxing lockdown measures, and conducting mass vaccination drives, the webbing market is likely to bounce back in the coming months.
The demand for man-made webbing has significantly risen more significantly than in comparison to natural webbing materials. Aramid fibers, polybenzoxazole, polyester, polypropylene, and nylon are the several types of man-made synthetic materials used in webbing. Polyester is known for its various outstanding characteristics such as high tensile strength and, resistance toward water, abrasion and ultraviolet deterioration, easy in maintenance along with, resistance toward water, abrasions, and ultraviolet radiations, stretching, and shrinkage, resistance, and chemicals resistance. Therefore, amongst the other types of man-made webbing material, the use of polyester-based webbings is being used in has been extended across a diversified range of application bases such as marine fabric applications, bag handles, sail ties, and support straps. Moreover, slings made up of from synthetic polyester (fiber material) are comparatively lighter in weight than both wire rope and chain slings. Other than polyester, the demand for nylon is high owing to its better elasticity than other materials. Nylon-based webbings are being used Such property has enabled its use in numerous end-use applications such as airbags, seat belts, safety harnesses, and luggage nets, among others. Also, Remarkable features of carbon fibers have several features such as include limited thermal expansion, coupled with tolerance toward extreme temperature tolerance conditions, chemical resistance, high with tensile strength, and light low weight, and high tensile strength, which make them it an ideal webbing material. The carbon fiber-based webbings are used to be used in military and sporting goods.
On the basis of material, the webbing market is segmented into natural and man-made. The man-made segment is currently dominating the market, in terms of revenue share. The market growth of this segment is credited to lower prices and better availability of man-made materials used in webbing production. These materials include polyester, nylon, polypropylene, aramid fibers, polybenzoxazole, liquid crystal polymer yarn, and high-modulus polyethylene. Polyester webbing is commonly utilized in applications requiring low to high load-bearing capacities. Due to its superior fade resistance, polyester webbing is increasingly used in maritime fabric applications such as support straps, sail ties, and bag handles. In addition, polyester is well-known for its superior properties such as quick-drying, easy cleaning, and high tensile strength as well as resistance to ultraviolet deterioration, water, abrasions, stretching, shrinkage, chemical exposure, and mildew growth.
Based on product, the webbing market is categorized into flat webbing, tubular webbing, and other product. The flat webbing segment is currently dominating the market, in terms of revenue share. Flat webbing, often known as flat rope, is made of solidly woven fibers and is available in various thicknesses and widths. Flat webbing works effectively in applications where the material can be woven into a larger product, such as backpack straps, seatbelts, and reinforcing bindings. It is usually stiffer than tubular textiles.
Based on end use, the webbing market is segmented into aerospace, automotive, military, industrial and safety, fashion accessories, e-textile, sport goods, marine, medical, and others. The aerospace segment is currently dominating the market, in terms of revenue share. The development and use of webbing have revolutionized the aerospace industry. Features of woven webbing such as high-performance and low weight help to meet rigorous industry standards applicable for the aerospace industry. The woven webbing also confer benefits such as heat, chemical rot and abrasion resistance, and easy cleaning to the aerospace applications. Further, the specialized narrow fabrics, 2D and 3D thermoset, thermoplastic fabrics, and novel e-webbings are suited for meeting specific strength requirements of the industry. In addition, the materials are widely used in crucial aerospace applications such as parachutes, cargo restraint systems, and seating, as well as in a few interior applications such as crew safety system components, flight suits, air slides, seatbelts, and flotation devices.
|Market Size Value in||US$ 1,195.35 Million in 2020|
|Market Size Value by||US$ 1745.84 Million by 2028|
|Growth rate||CAGR of 5.1% from 2021-2028|
|No. of Pages||153|
|No. of Tables||83|
|No. of Charts & Figures||61|
|Historical data available||Yes|
|Segments covered||Material , Product , and End Use|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
A few of the major key players operating in the webbing market are American Cord & Webbing Co, Inc.; Belt-tech; E. Oppermann GmbH; Narrowtex Australia; and National Webbing Products Co. These market players are highly focusing on the development of high-quality and innovative product offerings.
The List of Companies - Webbing Market