Performance Fabrics Market Has Promising Growth Driven by Expanding Apparel Industry
The global performance fabric market is estimated to be valued at USD 71.56 Bn in 2024 and is expected to reach USD 92.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Performance fabrics are specially engineered textiles that exhibit enhanced properties such as durability, high strength, UV-resistance, easy wash-ability and quick drying among others. They are used in a variety of applications including sports apparel, outdoor clothing, defense uniform, healthcare services, protective clothing and furnishings. The increasing demand for technical textiles from athletic and protective wear industries is a major factor driving the growth of performance fabric market.
Key Takeaways
Key players operating in the Performance Fabric Market are DuPont de Nemours, Inc., INVISTA, Gore-Tex (W.L. Gore & Associates, Inc.), Teijin Limited, Milliken & Company, Schoeller Textiles AG, Huntsman Corporation, Ahlstrom-Munksjö, Lenzing AG, and Toray Industries, Inc.
The rising health consciousness among consumers and increasing participation in exercise and outdoor activities has boosted the demand for performance apparel. Sportswear manufacturers are increasingly adopting Performance Fabric Market Trends to offer moisture wicking, UV protection and stretchable qualities in athletic clothing.
Get More Insights on- Performance Fabrics Market
The global performance fabric market is estimated to be valued at USD 71.56 Bn in 2024 and is expected to reach USD 92.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Performance fabrics are specially engineered textiles that exhibit enhanced properties such as durability, high strength, UV-resistance, easy wash-ability and quick drying among others. They are used in a variety of applications including sports apparel, outdoor clothing, defense uniform, healthcare services, protective clothing and furnishings. The increasing demand for technical textiles from athletic and protective wear industries is a major factor driving the growth of performance fabric market.
Key Takeaways
Key players operating in the Performance Fabric Market are DuPont de Nemours, Inc., INVISTA, Gore-Tex (W.L. Gore & Associates, Inc.), Teijin Limited, Milliken & Company, Schoeller Textiles AG, Huntsman Corporation, Ahlstrom-Munksjö, Lenzing AG, and Toray Industries, Inc.
The rising health consciousness among consumers and increasing participation in exercise and outdoor activities has boosted the demand for performance apparel. Sportswear manufacturers are increasingly adopting Performance Fabric Market Trends to offer moisture wicking, UV protection and stretchable qualities in athletic clothing.
Get More Insights on- Performance Fabrics Market
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