Performance Fabric Market Growth, Analysis, Size, Trends, Emerging Factors, Demands, Key Players, Emerging Technologies and Potential of Industry Till 2029
The global performance fabrics market size is anticipated to grow substantially during the forecast period. Growing demand for performance fabrics from the healthcare and construction industry is likely to bolster market growth. Fortune Business Insights™ mentions this information in its report titled “Performance Fabrics Market, 2022-2029.”
Performance fabrics are exceptional fabric materials that offer several benefits, such as stain protection, body ventilation, temperature heating, waterproofing, flame resistance, and odor deflection. The fiber is used to tackle harsh workplace conditions. They are extensively used in the health care and construction industries. The rapid development in the construction industry is likely to boost the product’s demand significantly. In addition, performance fabrics are used in several sites in the construction industry to protect workers from accidents and other damages. Thus, this factor is estimated to surge market growth in the upcoming years.
Impact of COVID-19
Adoption of the Fabric in Pharmaceutical Sector to Incite Market Growth
Performance fabrics are used extensively in the pharmaceutical sector to produce face masks. The masks made from the material offer excellent protection against the COVID-19 virus, which, in turn, can escalate the product’s demand. The fabric used to create masks is a more breathable and effective means to protect people from getting infected. In addition, the government initiatives to create advanced protective gear to control the spread of infections have facilitated market growth.
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By type, the market is segregated into high-tenacity polyester, coated fabrics, composite fabrics, polyamide, aramid, and others. Based on application, it is classified into defense & public safety, industrial, fire-fighting, construction, sports apparel, automotive & aerospace, and others. Geographically, it is clubbed into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Highlights of the Report
- This report analyzes the top segments and the latest market trends
- It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the global market.
- The report examines the strategies undertaken by the prominent companies operating in the market and the regional developments.
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Prominent Companies to Devise Expansion Strategies to Enhance Market Reach
The prominent companies incorporate strategic expansion of activities in several regions by setting up a manufacturing base globally. This strategy can enhance their global reach. The companies have incorporated technologically advanced production technology to enhance the potency of fabrics. It also improves their workflow efficiency and enables them to meet their goals. Furthermore, the companies launch innovative products such as face masks with performance fabrics to strengthen their market position.
- April 2020: DuPont sold Tyvek® 1222A to manufacture fabrics and PPE kits that offer protection against workplace accidents. This strategy enabled the company to strengthen its market position in the fabrics manufacturing field.
List of Key Players Profiled in the Performance Fabrics Market Report
- Royal TenCate N.V.
- Toray Industries
- Hexcel and Omnova Solutions
- Owens Corning
- Spradling International
- Linz Textil
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