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Performance Fabric Market


Chemicals & Material
Yarns Fabric & Textile

The performance fabric market is projected to reach 79.55 Billion by 2020, registering a CAGR of 4.8% between 2015 and 2020. Increasing awareness regarding personal hygiene and physical fitness and advancement in performance fabric production technology are the major drivers of the market.

The market is witnessing high growth on account of increasing demand from industrial, defense & public safety, construction, aerospace & automotive, and sports apparel industries. Changing warfare and working conditions in industrial facilities, along with the stringency in rules and regulations regarding employee safety, are driving the growth of the market as well. The market in the defense & public safety industry is projected to witness the highest growth between 2015 and 2020.

Coated fabrics dominate the performance fabric market due to their low cost, higher functionality, and wide application base. Aramid are the fastest-growing performance fabric type as they have high strength-to-weight ratio, making it desirable for use in a number of end-use industries such as defense & public safety, fire-fighting, industrial, and aerospace & automotive.

Asia-Pacific is the largest market for performance fabrics and will continue to dominate the market in 2020. China is the major performance fabric consumer in the region, as well as on a global level, on account of the low cost of performance fabric production, change in lifestyle of the people in the region, and increasing importance given for industrial and defense protective clothing. North America is projected to be the fastest-growing market for performance fabrics. The market in North America is driven by increasing awareness for personal hygiene and physical fitness and the recovery of the construction and manufacturing sectors. Stringent implementation of rules and regulations regarding worker’s safety also help drive the demand for performance fabrics in North America.

Below is the graph representing the performance fabrics market.

Performance Fabrics Market

The performance fabric market is moderately competitive as it is mature. The market has a large number of active players. Performance fabric manufacturers focus more on bringing innovation in their products and on expanding their market reach and production capacity.

There are many global players in the performance fabric market manufacturing and marketing a particular type of performance fabric. The leading players in the market such as DuPont (U.S.), Royal TenCate N.V. (Netherlands), Toray Industries (Japan), Hexcel (U.S.) and Omnova Solutions (U.S.), among others have been focusing on new product launch, expansions, and merger and acquisitions, among other strategies to increase their market share.

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