Fabric Friction Cord Market
Fabric Friction Cord Market
The market for Fabric Friction Cord was estimated at $902.30 million in 2024; it is anticipated to increase to $1.24 billion by 2030, with projections indicating growth to around $1.61 billion by 2035.
Global Fabric Friction Cord Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
The Fabric Friction Cord is widely recognized in industries for its strength and durability in diverse environments and applications such as conveyor systems and heavy duty machinery due, to its impressive resistance to wear and tear as well as heat.
Market Key Insights
- The Fabric Friction Cord market is projected to grow from $902.3 million in 2024 to $1.53 billion in 2034. This represents a CAGR of 5.4%, reflecting rising demand across Conveyor Belts and Transmission Systems, Industrial Machinery and Automotive Industry.
- ContiTech AG, Gates Corporation, Sampla Belting Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Fabric Friction Cord market and are expected to observe the growth CAGR of 3.5% to 5.2% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 6.2% to 7.5%.
- Transition like Automative Industry Shift is expected to add $89.1 million to the Fabric Friction Cord market growth by 2030
- The Fabric Friction Cord market is set to add $624 million between 2024 and 2034, with manufacturer targeting Automotive Belts & Industrial Machinery Application projected to gain a larger market share.
- With Advancements in textile technology, and Growing usage in automotive industry, Fabric Friction Cord market to expand 69% between 2024 and 2034.
Opportunities in the Fabric Friction Cord
Countries such as China India and Brazil offer potential for fabric friction cord manufacturers due to the strong growth of their manufacturing sectors These nations are also recognized for their focus on enhancing infrastructure which in turn drives the demand, for fabric friction cords.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Advancements in Textile Technology, and Increasing Demand For High-Density Cords
The automotive sector is also an area for the utilization of Fabric Friction Cord due to its excellent heat and pressure resistance properties that make it essential for various automotive components like brake pads and gear system parts. The demand for quality automotive parts is also increasing rapidly and as a result there will also be a significant rise in the use of Fabric Friction Cord in this industry, in the near future.
Restraint: Restrictive Regulatory Frameworks
Opportunity: Technological Innovations and Novel Applications and Exploration in Automotive Industry
Theindustry'srapid expansion and rising need for top quality components offer numerous chances for fabric friction cord suppliers to thrive. In this sector where heat resistance and endurancere crucial, in high speed and high temp situations fabric friction cord manufacturers can tap into this unexplored market by offering customized solutions tailored to the automotiveindustry'srequirements.
Challenge: Inconsistent Raw Material Prices
Supply Chain Landscape
DuPont
Toray Industries
Yokohama Rubber
Dunlop
Bridgestone
Pirelli
Manufacturing
Automobile
Aviation
DuPont
Toray Industries
Yokohama Rubber
Dunlop
Bridgestone
Pirelli
Manufacturing
Automobile
Aviation