Performance Fabrics Market Scope
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.
According to AMA, the Global Performance Fabrics market is expected to see growth rate of 4.1% and may see market size of USD91.07 Billion by 2026.
Research Analyst at AMA estimates that United States and Japanese Vendors will contribute to the maximum growth of Global Performance Fabrics market throughout the predicted period.
DuPont (United States), Royal TenCate N.V. (Netherlands), Toray Industries (Japan), Hexcel Corporation (United States), Omnova Solutions (United States), Sigmatex Ltd. (United Kingdom), Royal Tencate N.V. (Netherlands), Takata Corporation (Japan), Spradling International Inc. (United States), Invista S.A.R.L. (Koch Industries, Inc.) (United States), Milliken & Company (United States), W.L. Gore & Associates Inc. (United States) and Teijin Ltd. (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of 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 Region with country level break-up.
On the basis of geography, the market of Performance Fabrics has been segmented into 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).
In March 2019, INVISTA launched Antron Lumena DNA fiber, the first nylon fiber system with built-in, long-lasting protection against the top performance attributes - stain, soil, texture. It is designed for a more effective and efficient clean, helping end users reduce their total cost of carpet ownership.
Market Trend
- Increasing Demand for Water Resistant Fabrics
- The Surging Demand Comfort and Functionality Fabrics Among Consumers
Market Drivers
- Increasing Demand for Comfort and Functionality in Fabrics
- Surging Use of Performance Fabrics in End-Use Industries
- Stringent Regulations and Increasing Concerns for Worker’s Safety
Opportunities
- Innovative Product Development in Protective Clothing and Sports Apparel Segment
Restraints
- Availability of Substitutes
Challenges
- Lack of Safety Compliance
- Price Fluctuation of Raw Materials
Key Target Audience
Performance Fabrics Manufacturers, Performance Fabrics Distributors/Supplier, Raw Material Supplier/Distributors, End Users and Others