Specialty Fabrics Review July 2021 - 22

STATE
OF
THE
INDUSTRY
Introduction to the research
This research highlights findings from more than 300 members of the industrial
fabrics community who shared information about their organizations with us
(Fig. 1). The information was gathered through an online survey fielded January-
March 2021 that asked organizations about their businesses pre-pandemic (2019)
and during the pandemic (2020), as well as their outlook for the future. The
research also takes a deeper look at organizations by their primary business type
and the markets they serve.
Reliable research starts with targeting the right audiences. Strict screening
The full 2021 State of the
Industry report will be
available for purchase later
this year at the IFAI e-store,
www.IFAI.com/estore.
The full report takes a deep
dive into business types
and market segments.
criteria ensured that the sample was representative of the industry. Survey
participants were recruited by IFAI using a wide array of industry resources
including direct email contact, social media and word of mouth to ensure as
much participation as possible. The following are key characteristics of the
respondent pool:
* All consider themselves part of the industrial fabrics community and
all participate as for-profit entities supplying products and/or services
(associations, media and government entities were excluded).
* Respondents are leaders in their organizations: 47% are owners/presidents/
CEOs; 13% are vice presidents/principals; and 15% are directors/managers.
* More than half are members of IFAI, with Professional Awning Manufacturers
Association (PAMA) and Marine Fabricators Association (MFA) being the most
represented divisions among survey respondents.
* For the purposes of this report, " industrial fabrics " is defined as " the sale, resale,
and/or production of industrial fabrics, advanced textiles, specialty fabrics and/
or rolled goods (for example, vinyl, geosynthetics, etc.) and associated equipment/
hardware/software. "
The margin of error indicates the confidence level in the data (at the 95% level).
As the margin of error increases, confidence decreases. Given the sample size of 318,
this study has a margin of error of 5.5%, which is in line with most consumer and
presidential polls.
2021 industry outlook
To be sure, 2020 was a year of dramatic changes and a " new normal " brought on
by the global pandemic beginning in March 2020. The rapid shutdown of the
economy and subsequent reopening with restrictions (among other factors) led
to a decrease of U.S. real gross domestic product (GDP) of 3.5% (following an
increase of 2.2% in 2019)1
.
Most organizations in the industry have encountered downturns in the
past. In fact, the oldest responding company opened its doors in 1830, and
9% of organizations can boast more than 100 years of experience. On average,
22 SPECIALTY FABRICS REVIEW / July 2021
http://www.IFAI.com/estore

Specialty Fabrics Review July 2021

Table of Contents for the Digital Edition of Specialty Fabrics Review July 2021

Specialty Fabrics Review July 2021 - Cover1
Specialty Fabrics Review July 2021 - Cover2
Specialty Fabrics Review July 2021 - 1
Specialty Fabrics Review July 2021 - 2
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Specialty Fabrics Review July 2021 - Cover3
Specialty Fabrics Review July 2021 - Cover4
Specialty Fabrics Review July 2021 - Expo Attendee Brochure 1
Specialty Fabrics Review July 2021 - Expo Attendee Brochure 2
Specialty Fabrics Review July 2021 - Expo Attendee Brochure 3
Specialty Fabrics Review July 2021 - Expo Attendee Brochure 4
Specialty Fabrics Review July 2021 - Expo Attendee Brochure 5
Specialty Fabrics Review July 2021 - Expo Attendee Brochure 6
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