The report “Top 10 Fabrics Market (Antimicrobial Textiles, Coated Fabrics, Fire Resistant Fabrics, Non- Woven Fabrics/Textiles, Performance Fabrics, Polymer Coated Fabrics, Protective Fabrics, PTFE Fabrics, Smart Textile, and Technical Textile) – Global Forecast to 2021″, The top 10 fabrics market is projected to reach USD 230.9 billion by 2021, at a CAGR of 6.0% from USD 172.4 billion in 2016. The overall growth of the top 10 fabrics market is closely connected to factors such as need for hygiene products to combat increasing number of infections due to microorganisms, demand from transportation and protective clothing applications. The growing construction and medical sectors are strong key drivers that influence the market growth in the countries such as China, India, and Brazil. Factors such as changing preferences of consumers for cost-efficient and effective products, growth in the parent (textiles) industry, increasing adaptability & awareness of innovative products, and the advent of new area of applications for technical textiles have driven the global market.
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- 71 Market data Tables
- 53 Figures
- 202 Pages and in-depth TOC on “Top 10 Fabrics Market – Global Forecast to 2021”
Some of the prominent key players are:
· E.I. Du Pont De Nemours and Co (U.S.)
· Asahi Kasei Corporation (Japan)
· Kimberly-Clarke Corporation (U.S.)
· Mitsui Chemicals, Inc. (Tokyo)
· Freudenberg & Co. KG. (Germany)
Market Dynamics
The market for top 10 fabrics is primarily dependent on demand and supply relationships. Several factors directly and indirectly affect the top 10 fabrics market such as increasing demand for higher functioning and more comfortable fabrics, stringent regulations concerning worker safety, development in emerging regions, and availability of substitutes along with rising demand from the end-use industries.
The top 10 fabric market is expected to witness significant growth in the future with the increasing popularity of its benefits and number of applications offered in various industry. The industry has grown exponentially in the last few years and this trend is projected to continue. Growth in the automobile, construction, healthcare, packaging, and various other sectors has generated new opportunities.
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“Mobiltech is estimated to be the largest application of top 10 fabrics market between 2016 and 2021.”
Mobiltech is the largest market in terms of value, in 2021. The growth in the segment is due to increase in concern for safety, security, and comfort in automobiles, railways, aerospace, and ships. Indutech and sportech are two other segments projected to be rapidly growing in the top 10 fabrics markets. The major prospective growth areas for Mobiltech in the global market are automobile, medical & hygiene, construction, clothing & garments, sports & leisure, pollution control, and environmental protection.
“Asia Pacific is expected to be the largest top 10 fabrics market during the forecast period, in terms of value.”
Asia-Pacific is the leading market for global top 10 fabrics market. The region’s market is projected to account for the largest of the global market by 2021. The wide industrial and manufacturing base, high population growth, and changing lifestyle of people are the major factors for Asia-Pacific’s dominance in the market. North America is likely to be the fastest-growing market between 2016 and 2021 due to its reviving industrial and construction sectors as well as rising fitness consciousness in North America.