Performance Fabric Market worth 79.55 Bn USD by 2020

Friday 26 February 2016, Amsterdam

The report, now available on ASDReports, "Performance Fabric Market by Type (Coated Fabrics, Polyamide, Polyester, Composite Fabrics, & Aramid), Application (Water, Stain, Abrasion, Fire, U.V. Resistance & Anti-Microbial), End-Use Industry and by Region - Global Trends & Forecast to 2020", The performance fabric market size is projected to reach USD 79.55 Billion by 2020, registering a CAGR of 4.8% between 2015 and 2020. Increasing demand from end-use industries and introduction of performance fabrics offering better comfort and functionality are the major drivers for the market

Coated fabrics continue to dominate the market

Coated fabrics are the most-widely used type of performance fabrics, globally, on account of their low cost, higher functionality, and a wide application base. Coated fabrics are mainly used in aerospace and automotive industries in airbags and other vehicle upholstery applications. Aramids are projected to be the fastest-growing performance fabric type between 2015 and 2020. The high growth of the aramids segment is due to the increasing demand from defense and industrial sectors for protective clothing applications.

Industrial sector: leading end-use industry for performance fabrics

The industrial sector is the largest end-use industry for the performance fabrics. This is on account of high risks and hazardous working conditions associated with industries such as oil & gas, mining, petrochemical, and manufacturing, among others. Workers in such industries have to face high temperature and pressure and are exposed to several other risks that makes protective clothing vital in the sector. Increasing stringency in rules and regulations such as the Occupational Safety and Health Administration (OSHA) guidelines regarding worker’s safety are also driving the performance fabric market.

Increasing demand in North America accelerating the growth of performance fabrics

North America is the fastest-growing market for performance fabrics in the world. The growth in the North American region is on account of the stringent industrial rules and regulations regarding worker’s safety and the increasing awareness for personal hygiene and physical fitness among the people in the region.

The leading players in the market include DuPont (U.S.), Royal TenCate N.V. (Netherlands), Hexcel (U.S.), Sigmatex (U.K.), Invista (U.S.), Teijin (Japan) and Toray Industries (Japan) among several others.

The report covers the performance fabric market and its trends concerning five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The various types of performance fabrics such as coated fabrics, polyamide, high-tenacity polyester, composite fabrics, aramid, and others have been covered in the report. The applications and end-use industries of performance fabrics along with their estimated market revenues and consumption trends have also been included.