Recently, the industrial felt market has shown a prosperous scene, demand continues to rise, and innovation continues to emerge, injecting new vitality into many areas such as manufacturing.
From the market data point of view, the global wool felt market in 2023 will reach 139.36 billion yuan, of which the domestic wool felt market capacity is 400.94 billion yuan, and it is expected that in 2024-2029, The global wool felt market will grow at an average rate of 5.18% and reach 192.125 billion yuan in 2029. As an important application field of wool felt, industrial felt has a broad market prospect. In terms of application, industrial felt, with its unique properties, is widely used in various industrial machinery, and plays a key role in vibration prevention, oil lubrication, friction resistance and other industries.
In the traditional felt production base, the felt industry in Nangong City, Hebei province is developing well. Nangong City has more than 70 years of felt production and processing history, the products cover more than 100 categories such as industrial supplies, 18,000 varieties, annual sales of 1.5 billion yuan, products are exported to more than 20 countries and regions. The local Weicheng Felt Co., Ltd. actively innovates, has introduced 4 domestic advanced felt plate production lines, and has transformed and expanded the original production lines, which not only improves product performance, but also reduces production costs. The company took the lead in introducing the domestic advanced sound absorbing board felt production line in the felt industry to fill the industry gap in the province, and the sound absorbing board felt products produced can replace wood and acrylic wallpaper. With an annual R&D investment of nearly 600,000 yuan, the company was awarded the provincial high-tech enterprise. Nangong City around the felt industry issued special support and development policies, has cultivated the development of felt material production enterprises more than 60, processing enterprises more than 870, nearly 3,000 e-commerce, felt industry accounted for 60% of the national market share.
With the continuous upgrading of the manufacturing industry, technological innovation in industrial felt is also accelerating. Some companies have made breakthroughs in material research and development, and developed felt products with more wear resistance and high temperature resistance to meet the needs of high-end manufacturing. In the production process, automatic and intelligent production equipment is gradually popularized, which improves production efficiency and product quality stability.
At present, the industrial felt market is in a stage of rapid development, under the dual drive of technological innovation and market demand, the future is expected to continue to maintain a good growth trend, providing more powerful support for the development of the industrial field and creating more market value.
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