Webbing Market, by Application (Automotive, Industrial, Military, Sporting goods, Others), Product Type (Carbon Fibers, Polyester, p-Aramid Fibers, Nylon, Polypropylene, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2027

Webbing is a fiber that is internally woven strong, which is either available in tube form or flat strips. It can be used as a replacement for regular rope. Conventionally it was made of silk and cotton. In recent times it is made of polymer, polyester, and nylon. It also consists of ultra-high molecular weight polyethylene and Kevlar. It finds utility in parachutes, automobile safety, climbing, military apparels. Webbings are available in various widths, assorted material composites, and widths.

Webbing Market Analysis:

Webbing is used in furniture manufacturing, parachuting, towing, auto racing, climbing, load securing, military apparel, slacklining, and automobile safety. There are two types of constructions among the webbings. Solid weave construction type is commonly found in backpacks and seat belts. The tubular webbing is used in industrial and climbing applications.

Safety regulations by governments and utility in the automotive sector are the major driving factors for the webbing market.

Increased use of webbing for manufacturing airbags, safety harness, catch belts, seat belts, and luggage nets in the automotive industry are the driving factor for the growth of the global webbing market. Regulations imposed on safety belts by the government had a positive impact on the webbing market. A rise in demand for passenger vehicles is a driving factor. Demand for sports goods is growing high, for instance, slings, runners, harnesses coupled with outdoor activities is fuelling the webbing market. Its use is also found in the defense sector. Its utility in high-quality intimate apparel is also a driving factor for the global webbing market. Recently there is a huge shift in per capita spending on the apparels. In developing countries like India and Bangladesh due to high export quantity, there is a rise in local production, which further enhances the scope of the webbing market. 

Environmental issues due to non-biodegradable fibers are a hindrance posed for the webbing market growth.

Environmental issues and regulations by the government towards many non-biodegradable and synthetic webbings and their usage is a major hindrance to the global webbing market. Volatility in the prices of raw materials is drastically affecting the players' profitability in the webbing market, which is a potential hindrance in the forecasted period. 

Enhanced R&D efforts in developing innovative webbing materials is an opportunity that can be captured.

Despite the drawbacks, there are ample opportunities for investors in the webbing market. Conducting R&D extensively by the organizations aiming tor manufacturing of webbing materials that are biodegradably combined with application development will lead to opportunities for the market players to gain profits.

Webbing Market, by Product Type:

The polyester segment is dominating the webbing market and is anticipated to show the growth in the estimated period.

Currently, the polyester segment dominates the market by its revenue share due to its characteristics such as resistance to ultraviolet deterioration, quick-drying, ease of cleaning, water resistance, high tensile strength, stubbornness, resistance to abrasion, shrinkage resistance, chemical resistance, mildew resistance and stretching. All these attributes are the reasons for the demand for polyester than other products.

This segment is expected to show the same demand in the forecasted period.

Para-aramids are utilized in applications, for instance, composite materials, reinforced materials, friction and sealing materials, sports equipment, and protective materials. The use of protective clothing is enhanced, especially as suits, helmets, and shields in the defense sector. Nylon segment is also gaining significance due to its durability and robustness, making it fit for pet collars, safety belts, sporting goods, and straps.

Webbing Market, by Application:

The automotive sector is the major revenue generator for the global webbing market.

Based on the revenue share, the automotive industry dominates the webbing market. The demand in this sector is anticipated to rise in nations like India and China. Spike in sporting events such as hiking, marathons, and camping and encouragement from the national governments are the factors that will drive the markets.

With the advancement in technologies like IoT, the demand for webbing applications in e-textile has enhanced. The demand for webbing in textile is anticipated to increase for the conductive fibers that allow embedding of digital parts and electronics. Various equipment, buildings, and vehicles are made with embedded electronics, which is the boosting the demand for the webbing market in the forecasted period.

Webbing Market, by Region:

The Asia Pacific is lucrative for investors of the webbing market.

The Asia Pacific accounts for the largest market share in the webbing market. The demand arises from the automotive industry, especially from the passenger car segment in markets like China and India. Significant demand from the manufacturing sector specially from furniture and sporting goods, are the reasons for the rise in demand in the Asia Pacific region. Rapid industrial expansion is an added benefit for the webbing market in this region.

North America is utilizing the webbing in military and defense forces. This region is anticipated to show tremendous growth opportunities in the forecasted period due to enhanced application developments. Increased expenditure on the military is anticipated to propel the webbing market.

Key Players in Webbing Market:

The key players in the global webbing market include, Universal Webbing Products Co., Ltd, Tennessee Webbing Products Company, BioThane, Ohio Plastics Belting Co, Southern Weaving Company, Narrowtex Australia Pty Ltd, Oppermann GmbH, National Webbing Products Co, Jiangsu Daxin Webbing Co., Ltd, Southern Weaving Company, Webbing Products. Cross-industry partnerships, mergers, and acquisitions are some of the strategies that are being applied by the market leaders. They are also adopting new product launches and technological innovations strategies.