Chan Ye Xin Xi Wang·2025-06-24 01:33Industry Overview - Industrial textiles are a new category derived from traditional textile industries, characterized by energy-saving, resource-reducing, and environmentally friendly properties, used as engineering new materials [1][4] - The industry has significant potential for growth, with a broad range of applications and a vast market outlook, particularly in emerging markets like Southeast Asia and Africa [1][6] - China's industrial textile market is projected to reach a scale of 332.436 billion yuan in 2024, with a total industry output value of 597.742 billion yuan, and is expected to grow to 360 billion yuan in 2025 [6][4] Market Size and Growth - The global industrial textiles market is expected to grow from 128.471 billion USD in 2017 to 219.943 billion USD in 2024, with projections of reaching 552.22 billion USD by 2025 [4][6] - In China, the market size for industrial textiles is anticipated to increase from 332.436 billion yuan in 2024 to 360 billion yuan in 2025, indicating a robust growth trajectory [6][4] Industry Chain - The industrial textiles industry chain includes upstream raw materials such as fiber materials (natural and chemical fibers), chemicals, and textile machinery, with the midstream focused on production and manufacturing [8] - The downstream applications span various sectors including industrial, agricultural, medical, environmental protection, and infrastructure, making it a crucial component of the new materials industry [8] Trade Dynamics - China is the largest producer of industrial textiles globally, but still relies on imports for high-end markets like carbon fiber. In 2024, imports are expected to reach 36.249 billion yuan, while exports are projected at 294.411 billion yuan [10] Competitive Landscape - The industry is witnessing a shift towards high-tech and high-value-added sectors, with leading companies focusing on technological innovation, vertical integration, and diversification of application scenarios [12] - Major players in the Chinese industrial textiles market include Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Shenyang Chemical Co., Ltd., and others, with strategies aimed at expanding into new energy and green building materials [12][15] Development Trends - The industrial textiles sector is entering a rapid growth phase, with a focus on high-performance fibers and smart materials, driven by the dual carbon goals and new infrastructure initiatives [21] - Future competition will shift from cost advantages to high cost-performance ratios, emphasizing innovation and application depth, with a strong push towards green development and sustainability [21]