According to the new market research 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 report study covers the top 10 fabrics markets which have high growth prospects during the forecast period. The key markets covered in this report include non-woven fabrics/non-woven textiles, technical textiles, performance fabrics, coated fabrics, polymer coated fabrics, protective fabrics, fire-resistant fabrics, PTFE fabrics, smart textiles, and antimicrobial textiles.
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Technical textiles accounted for the largest market share among the top 10 fabrics market and is projected to grow at a CAGR of 5.2% from 2016 to 2021, in terms of value. Increasing adaptability of new products have influenced traditional manufacturing to escalate the pace of innovation, and upgrade the traditional fibers by contributing to the technical developments in textiles. The Asia-Pacific region led the global technical textiles market in 2015. This is mainly due to advancements in technologies and the increasing demand from the automobile, healthcare, aerospace, agriculture, and other industries.
Performance fabrics are fabrics that are engineered for a wide variety of uses, where performance of the fabric is the major parameter, and can be used for defense, industrial safety, sports & adventure gear, and automotive & aerospace applications, among others. The growing awareness of personal hygiene and an increasing consciousness regarding physical fitness along with the demand for better performing fabrics for defense and industrial applications are the major drivers in the market. The global performance fabrics market size is estimated to be valued at USD 65,523.57 million in 2016 and is expected to grow at a CAGR of 4.21% from 2016 to 2021.
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71 – Tables
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New product launches is the key strategy adopted by the leading players in the top 10 fabrics market. It accounted for a major share of all the growth strategies between 2014 and 2016. The rising demand for fabrics is attributed to the growth in the automobile, construction, healthcare, packaging, and various other sectors. Besides new product launches, companies have also adopted strategies such as expansions, and mergers & acquisitions to enhance their global presence in the top 10 fabrics market from 2014 to 2016.
E. I. du Pont de Nemours and Company (U.S.), Koninklijke Ten Cate nv (Netherlands), and Teijin Limited (Japan) carried out the maximum number of strategic developments between 2014 and 2016.
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In May 2015, E. I. du Pont de Nemours and Company signed an agreement with Reebok International Ltd. (U.S.) for the use of the DuPont Kevlar and Dare Bigger trademarks for Reebok’s spring summer collection. This helped the company to gain a greater market share.
In October 2014, E. I. du Pont de Nemours and Company (U.S.) launched Nomex XF for the aerospace industry. Nomex XF is a novel material that provides a robust, durable, and light weight fire barrier that can prevent fire on the external side from entering an aircraft cabin, thus giving passengers extra time to escape in case of fire.
Koninklijke Ten Cate nv (Netherlands) is another active player in the fabrics market which launched new products. In May 2015, TenCate Protective Fabrics (Netherlands), a division of TenCate, launched a new TenCate defender thermal barrier and liner fabric with TenCate Coolderm technology. It is used in firefighting turnout gears. This combination of fabric and technology makes TenCate defender the most advanced layered system for firefighters available in the European market. These developments helped the company to expand its product portfolio.
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