Enjoy complimentary customisation on priority with our Enterprise License!
The performance fabric market size is estimated to grow at a CAGR of 4.53% between 2022 and 2027. The market size is forecast to increase by USD 17,316.77 million. The growth of the market depends on several factors such as the increasing number of government regulations, the increasing demand for functional apparel, and advancements in textile technology.
This performance fabric market report extensively covers market segmentation by application (fire fighting, construction, defense and public safety, and others), type (coated fabric, polyamide, polyester, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for functional apparel is the key factor driving the growth of the market. Consumers are becoming increasingly aware of the benefits of performance clothing, especially in terms of comfort and performance. High-performance materials are an important part of sportswear, providing comfort and functionality. Global interest in sports and fitness activities has increased significantly. Performance fabrics play a key role in achieving these goals by providing properties such as moisture management and breathability.
Additionally, the focus on health and wellness has led to increased participation in activities such as yoga, running, and cycling. People are investing in sportswear made with high-performance materials that enhance their workout experience. Therefore, factors such as comfort and moisture management are expected to increase the demand for high-performance fabrics and drive the growth of the market during the forecast period.
The emergence of smart textiles is the primary trend shaping the growth of the market. Smart textiles integrate technologies such as sensors, conductive yarns, microcontrollers, and wireless communication systems directly into the fabric. Smart textiles are increasingly being used in health and fitness wearables. Smart textiles can connect to smartphones and other devices via Bluetooth or other wireless technologies. This connection allows users to receive notifications, control their devices, and access data directly from their clothing.
Additionally, smart textiles are being used in therapeutic and medical applications, such as smart compression garments that adjust pressure according to the wearer's needs, and textiles with integrated sensors for remote patient monitoring. Thus, the emergence of smart textiles will drive the growth of the market during the forecast period.
The high cost of research and development (R&D) is a challenge that affects the growth of the market. High-performance fabrics are not new. These were developed after many years of scientific analysis. As a result, the textile industry has developed into one of the most important economic sectors in the world, with numerous new technologies and innovative developments. To develop new products, manufacturers invest heavily in research and development.
However, excessive R&D expenses can lead to higher costs (market risk), especially if the product concept is unsellable. The issue of R&D productivity is also very important. Research and development departments do not produce tangible products and are not intended to generate immediate cash. Therefore, the high capital investment required for research and development impedes the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Performance fabric Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Spradling Holdings Inc.: The company offers a wide range of performance fabrics for industries such as hospitality, healthcare, corporate among others.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The fire fighting segment is estimated to witness significant growth during the forecast period. In the event of an explosion, direct fire, or arc flash, extinguishing materials are used as a protective barrier. These fabrics are made to withstand heat without melting. In addition, firefighting fabrics are fibers designed to have increased fire resistance compared to traditional materials by using fire-resistant fibers or chemical treatments. When the fibers are exposed to flame, they expand and thicken, forming a protective barrier between the fire source and the skin.
Get a glance at the market contribution of various segments View the PDF Sample
The fire fighting segment was the largest segment and was valued at USD 27,508.56 million in 2017. In industries such as chemical, oil and gas, and electrical, where exposure to fire and the risk of fire mishaps are significant, firefighting materials are critical. These factors have contributed to the market for firefighting fabrics expanding at a steady pace. Furthermore, the increasing demand from end-use industries such as chemicals, construction, and oil and gas is driving the growth of the fire fighting fabrics market segment, in turn boosting the growth of the market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, the US became the largest contributor to the North American performance fabrics market, mainly due to continued firefighting and construction activities across the country.
Moreover, major construction projects that are expected to help the market's growth are the California High-Speed Railway, Hudson's Development in Detroit, One Vanderbilt in New York, and Alaskan Way Viaduct Replacement in Seattle. These projects are expected to generate a high demand for construction performance fabrics which will boost the demand for performance fabrics during the forecast period.
In 2020, the spread of COVID-19 has increased the demand for disposable coveralls and gowns made from high-performance fabrics among healthcare workers, driving the growth of the North American high-performance fabrics market. Furthermore, the demand for high-performance textile clothing is increasing across the industry due to safety reasons, and the number of employees is also driving the market growth in the region. Additionally, the region's construction industry posted strong sales as the US economic recovery led to optimism among homebuyers and increased demand for new single-family and multi-family homes. Hence, such factors are expected to drive market growth in this region during the forecast period.
The performance fabric market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Performance Fabric Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
179 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
|
Market growth 2023-2027 |
USD 17,316.77 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.29 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 35% |
|
Key countries |
US, China, Germany, France, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Arville Textiles Ltd., Crypton LLC, DuPont de Nemours Inc., Hexcel Corp., JCT Ltd., Koch Industries Inc., Milliken and Co., OMNOVA Solutions Inc., Performance Textiles, Schoeller Textil AG, Sigmatex UK Ltd., Spradling Holdings Inc., Synthomer Plc, Taekwang Group, Teijin Ltd., TenCate Fabrics EU, Topweaving New Material Tech Co. Ltd., Toray Industries Inc., Ventile Fabrics, and W. L. Gore and Associates Inc. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
