Performance Fabric Market Worth 79.55 Billion USD by 2020
PUNE, India, February 23, 2016 /PRNewswire/ --
The report "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", published by MarketsandMarkets, The market size is projected to reach USD 79.55 Billion by 2020, registering a CAGR of 4.8% between 2015 and 2020.
Browse 111 market data Tables and 79 Figures spread through 203 Pages and in-depth TOC on "Performance Fabric Market"
http://www.marketsandmarkets.com/Market-Reports/performance-fabric-market-190854882.html
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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 make 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 fabrics 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.
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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.
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