Global Webbing Market Demonstrates Robust Growth

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The Webbing Global Market Report 2023 by The Business Research Company, provides webbing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Webbing Global Market Report 2023, the market size is expected to grow from $3.63 billion in 2022 to $3.95 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global webbing is expected to grow to $5.44 billion in 2027 at a CAGR of 8.4%.

An increase in demand for automobiles is contributing to the growth of the webbing market. Growing usage of webbing in the automotive industry for the production of seat belt handles, safety harnesses, airbag catch bags, and attach car batteries, to limit the movement of exhaust pipe hangers is likely to boost the demand for webbing in coming years.

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The webbing market is segmented:

1) By Product: Nylon, Polyester, Polypropylene, Carbon Fibers, P-Aramid Fibers, Ultra-high-molecular-weight polyethylene (UHMWPE), Other Products

2) By Material: Natural, Man-made

3) By Application: Automotive, Military, Industrial, Sporting Goods, Other Applications

The launch of advanced textile products that increase functionality and productivity is a key trend in the webbing market. For instance, in March 2020, Bally Ribbon Mills, a US-based company that provides the development of highly specialized engineered woven fabrics innovated a durable product with E-webbing and thermoplastic composite materials (TPMC). The new textile products have superior features like lightweight, and abrasion resistance that is ideal for electronic transmission data and energy storage. These advanced textiles are used in parachutes, chemically resistant webbing, and personal protective equipment.

The webbing market report table of contents includes: