Industry Background:
Insulating clothes works by trapping the tiny packets of warm air intact to the skin which means the more trapped air there is, the insulating factor will be higher. The insulating clothes are used for residential purposes and for safety purposes in many industries like electrical energy, power generation etc. to provide safety to workers. The rising demand for insulating clothes from cold regions is increasing the demand for this market. However, with the stringent regulatory guidelines and risk of skin allergies associated with the insulating clothes might be the hindrance for the market.
According to AMA Research, the market for Insulating Clothes is expected to register a CAGR of 6.0% during the forecast period to 2030. This growth is primarily driven by Growing Demand for Effective Winter Clothes from Extremely Cold Regions
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Textiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 3M Thinsulate (United States), DuPont Sorona (United States), Yotsugi Co. Ltd. (Japan), Saf-T-Gard International, Inc. (United States), Magid Glove & Safety Manufacturing Company LLC (United States), Bally Ribbon Mills (United States), Auburn Manufacturing, Inc. (United States), Uvex Group (Germany), Tex Tech Industries (United States), Lakeland Inc. (United States) and EIS Fabrico (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2023, Aditya Birla Fashion and Retail Limited (ABFRL) will acquire TCNS Clothing, the owner of brands like W, Aurelia, Wishful, Folksong, and Elleven, for ₹1,650 crores for a 51 percent stake. The deal includes acquiring the promoter's stake, a public open offer, and a merger, aiming to expand ABFRL's ethnic portfolio up to ₹5,000 crore in the next three years.
In March 2024, 3M unveiled its new 3M Thinsulate LIGHT Series at PERFORMANCE DAYS, the functional fabric show held in Munich, Germany. This new extension of the 3M Thinsulate Insulation family is the most lightweight insulation product in the 3M portfolio, providing exceptional warmth while remaining thin and wash-durable.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Regulatory Insights:
"The International Down and Feather Bureau (IDFB) regulates the industry and sets universal standards for measuring the insulating factor of down. The fill power is measured by putting a set mass of down into a cylinder, lowering a disc onto the down to compress it and finally, releasing it. The volume of the space the down expands to fill is the fill power. The IDFB’s tests use a Lorch cylinder with 30g of steam-conditioned down. A 700 fill power rating means that 30g of down expand to fill 700 cubic inches."
Influencing Trend:
Emerging Trends of Insulating Clothes in all Forms, Colors, and Patterns and Continuous Research and Development in Insulating Clothes
Market Growth Drivers:
Growing Demand for Effective Winter Clothes from Extremely Cold Regions and Need for Insulated Protective Clothes from Various Industries for Labour Safety
Challenges:
The Entry Various Players of Insulating Clothes Might be the Hindrance for the Market
Restraints:
Stringent Regulatory Guidelines Regarding the Material used for Insulating Clothes and Risk of Skin Allergy Associated with Insulating Clothes
Opportunities:
Emerging Demand from Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Insulating Clothes Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Insulating Clothes Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Insulating Clothes players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insulating Clothes Study Sheds Light on
The Insulating Clothes Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insulating Clothes industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulating Clothes industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.