Functional Textiles Market

1. Functional Textiles Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global functional textiles market size was valued at USD million in 2020 and is estimated to reach USD XX million by 2028, expanding at a CAGR of XX% during the forecast period, 2021–2028. The growth of the market is attributed to increasing hygienic concerns, health awareness among people, rising disposable income, and growing purchasing power. Functional textiles are textiles that have certain adjusting functionalities based on needs and application areas. Temperature control, humidity control, and other functions are examples of built-in manufacturing functions. Viscose (rayon) and polyester fibers are the most common and widely used fibers in functional textiles. Functional textiles are primarily used in active and performance wear. Functional textiles are widely used in a variety of applications such as antistatic, high-temperature, waterproof, chemical, healthcare, pharmaceuticals, automotive, gas filtrations, air-conditioning & ventilation, construction, and flame-resistant applications, which is expected to drive the market for functional textiles. Market Trends, Drivers, Restraints, and Opportunities Drivers Growing demand for sportswear in activities such as cycling, ski sports, and swimming are estimated to fuel the market in the coming years. Spontaneous technological advancements in the textile and garment industries and rising customer demands are expected to propel the market during the forecast period. Rising purchasing power and disposable income in the emerging economies is anticipated to propel the market during the forecast period.

2. Changing demand and consumption patterns and strict regulatory amendments are expected to have an impact on the growth of the market. Growing consumer need for protective fabrics, due to rising hygienic concerns and health awareness, is anticipated to boost the market in the coming years. The market is expected to rise, due to substantial R&D in creating environmental- friendly products. Restraints Functional textiles, which are in the premium class of textiles, are quite expensive, which attracts the attention of selective consumers. As a result, the cost structure is expected to hamper the growth of the global functional textile market. Sample - https://growthmarketreports.com/request-sample/1172 Market Segment Insights Based on types of garments, the market is divided into active wear, performance wear, ready-to-wear, and seamless wear. The active wear product segment is expected to account for a key share of the market during the forecast period, due to increasing popularity of sports and exercise among people. In terms of types of fibers, the global functional textiles market is segregated into polyester and viscose. The viscose segment is anticipated to dominate the market during the forecast period, due to growing popularity of viscose products among people, as viscose fiber is softer and smoother as compared to polyester fiber. Based on types of functions, the market is segregated into anti-microbial and anti-bacterial, flame retardant, temperature regulation, durable press/ wrinkle resistance, and others. In terms of application areas, the global functional textiles market is divided into geotextiles, personal protection, hygiene, medical, military/ war, and sports and leisure. On the basis of regions, the global functional textiles market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In terms of production, Europe has the largest share of the functional textile market, due to the increasing growth of the textile and apparel industry in France, Germany, Italy, and the UK. The functional textile market in Asia Pacific and the Middle East & Africa has a lot of potential. Malaysia, Taiwan, South Korea, Japan, and Turkey are expected to be the most attractive markets for the growth of the functional textile market. Asia Pacific market is predicted to grow at a significant CAGR during the forecast period. Manufacturers in Asia Pacific are offering revolutionary performance products to expand their consumer base. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1172 Competitive Landscape

3. Some of the major players in the global functional textiles market are Harvest SPF Textile Company Ltd., Trevira GmbH, Dyntex GmbH, Eclat Textile Corporation Ltd., Kelheim Fibres GmbH, Toung Loong Textile MFG, Sofileta, and Kelheim Fibres GmbH. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter