Performance fabrics, also known value-added textiles, are fabrics engineered for created for a wide variety of uses where the performance of the fabric is the major parameter. Increasing demand from various sector such as defense & public safety, construction, aerospace & automotive, and sports apparel industries is anticipated in the growth of the very market. Moreover, changing warfare and working conditions in industrial facilities, along with the stringency in rules and regulations regarding employee safety, are providing lucrative opportunity in the growth of the performance fabrics market.According to AMA, the market for Performance Fabrics is expected to register a CAGR of 4.1% during the forecast period to 2024. This growth is primarily driven by Increasing Demand for Comfort and Functionality in Fabrics, Surging Use of Performance Fabrics in End-Use Industries and Stringent Regulations and Increasing Concerns for Worker’s Safety.
Globally, a noticeable market trend is evident Increasing Demand for Water Resistant Fabrics
. Major Vendors, such as DuPont (United States), Royal TenCate N.V. (Netherlands), Toray Industries (Japan), Hexcel Corporation (United States), Omnova Solutions (United States), Sigmatex Ltd. (United Kingdom), Royal Tencate N.V. (Netherlands), Takata Corporation (Japan), Spradling International Inc. (United States), Invista S.A.R.L. (Koch Industries, Inc.) (United States), Milliken & Company (United States), W.L. Gore & Associates Inc. (United States) and Teijin Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2019, INVISTA launched Antron Lumena DNA fiber, the first nylon fiber system with built-in, long-lasting protection against the top performance attributes - stain, soil, texture. It is designed for a more effective and efficient clean, helping end users reduce their total cost of carpet ownership.
- Increasing Demand for Comfort and Functionality in Fabrics
- Surging Use of Performance Fabrics in End-Use Industries
- Stringent Regulations and Increasing Concerns for Worker’s Safety
- Increasing Demand for Water Resistant Fabrics
- The Surging Demand Comfort and Functionality Fabrics Among Consumers
- Availability of Substitutes
Innovative Product Development in Protective Clothing and Sports Apparel Segment
Lack of Safety Compliance and Price Fluctuation of Raw Materials
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