AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Performance Fabrics market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Performance Fabrics market to grow at a CAGR of 4.1% to aggregate USD91.07 Billion by 2026.
The Industry Verticals, such as Industrial, is boosting the Performance Fabrics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Performance Fabrics market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Demand for Comfort and Functionality in Fabrics, Surging Use of Performance Fabrics in End-Use Industries and Stringent Regulations and Increasing Concerns for Worker’s Safety.
Performance fabrics, also known value-added textiles, are fabrics engineered for created for a wide variety of uses where the performance of the fabric is the major parameter. Increasing demand from various sector such as defense & public safety, construction, aerospace & automotive, and sports apparel industries is anticipated in the growth of the very market. Moreover, changing warfare and working conditions in industrial facilities, along with the stringency in rules and regulations regarding employee safety, are providing lucrative opportunity in the growth of the performance fabrics market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Performance Fabrics market by Type (Coated Fabrics, Polyamide, High-tenacity polyester, Composite fabrics, Aramid and Others), by Application (Water Resistance, Stain Resistance, Abrasion Resistance, Anti-Microbial, Fire Resistance, U.V. Resistance and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market