Global Fabrics Market: Overview
Fabric refers to flexible material made of natural or artificial fibers such as yarn or thread. While textile is a material made of interlacing fibers, a fabric is a material made via weaving, spreading, knitting, bonding, or crocheting. Fabrics are commonly used for clothing, but they are also useful to make containers such as bags, carpets, furnishings, window shades, beds, and other flat surfaces. With this wide application of fabrics in various applications, the global fabrics market is projected for a healthy growth rate during the forecast period of 2016 to 2024.
This report on the global market for fabrics is an overview of current scenario and presents qualitative and quantitative analysis of the factors that are expected to influence the demand over the course of next few years. And based on anticipated impact those factors, positive or negative, it provides estimations. One of the key feature of the report is the section on company profiles wherein several major players have been analyzed for their market share, product portfolio, manufacturing capacity, distribution channels, regional presence, and marketing strategies, and other recent developments. By type, the global fabrics market can be segmented into coated fabrics, antimicrobial textiles, fire resistant fabrics, performance fabrics, non-woven fabrics or textiles, polymer coated fabrics, polytetrafluoroethylene (PTFE) fabrics, protective fabrics, smart textile, and technical textile. Geographically, the report studies the lucrativeness of the regional markets for fabrics in North America, Asia Pacific, Europe, and Rest of the World.
Global Fabrics Market: Trends and Opportunities
The segment of coated fabrics is expected to gain from the he increasing need for lightweight automobiles, wherein it is used for headlining, carpeting, seating assembly, covers, belts, hoes, and airbags. As the automobile industry surges ahead with rising global population with disposable income, coated fabrics market will gain sustained demand over the period of next few years. Polymer coated fabrics, a sub-segment of global coated fabrics market, is estimated for incremented demand in the near future as they are highly useful for their advantages such as high resistance to fire, water, and abrasion, apart from being inexpensive.
The segment of protective fabrics is anticipated to gain from the rapidly growing construction sector, wherein it is used for its useful properties such as high strength, resistance to abrasion and organic solvents, and durability. The sub-segment of fire and heat-resistant fabric is projected for the best growth rate, which is used in firefighting, military applications, and law enforcements. The demand for the segment of smart textiles in the global fabrics market will be driven by the escalating demand from the electronic industry, wherein it is used for miniaturization of several components and systems, besides finding application in the medical and transport sectors.
Global Fabrics Market: Regional Outlook
Rapid industrialization, economic growth, and increased foreign investments make Asia Pacific the most lucrative region as far as coated fabric is concerned, which is used in the industries such as oil and gas, chemical, steel and military, and infrastructure. On the other hand, North America serves maximum demand for smart textile and protective fabrics. Stringent safety regulations in the U.S. drive the demand for fire-protective fabrics in the U.S. while applications in the sports and fitness sector are propelling the demand for smart textile in this developed market.
Companies mentioned in the research report
Clothing+, Intelligent Clothing, Sensoria, Interactive Wear, and Ohmatex are some of the prominent companies in global smart textile market while OMNOVA Solutions, Saint-Gobain, Trelleborg, Spradling International, and Takata dominate global coated fabrics market. E.I. du Pont de Nemours & Co., Teijin Ltd., and Koninklijke Ten Cate nv are a few leading names in protective fabrics market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.