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DUBLIN--(BUSINESS WIRE)--Dec 1, 2022--
The "High-Performance Textile Market - A Global and Regional Analysis: Focus on End-Use Application, Fiber Type, Technology, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global high-performance textile market is projected to reach $26,081.1 million by 2031 from $9,604.4 million in 2021, growing at a CAGR of 9.3% during the forecast period 2022-2031. The growth in the global high-performance textile market is expected to be driven by increasing demand for advanced textiles offering excellent combinations of quality, functionality, and physical properties for innovative and diversified high-tech applications to cater to various end users and consumers. However, the high cost of production and scarcity of skilled labor are some key restraining factors for the market.
Market Lifecycle Stage
The global high-performance textile market is in a growing phase. New trends, such as the 3D technology in high-performance textile, increasing demand for premium cars and adoption of safety features in the automotive industry, new product developments in protective clothing, and increasing awareness about sustainability are further expected to provide opportunities for the market to grow in the coming years.
Industrial Impact
With an increased worldwide focus on high functionality, quality, durability, and advanced specialty materials, the shift toward high-performance textiles in end-use industries is increasing, thereby creating demand for high-performance textiles. The shift is more prominent in the aerospace and defense industry in regions such as North America and Europe.
Market Segmentation
Segmentation 1: by End-Use Application
Segmentation 2: by Fiber Type
Segmentation 3: by Technology
Segmentation 4: by Region
Demand - Drivers and Limitations
The following are the demand drivers for the global high-performance textile market:
The following are the challenges for the global high-performance textile market:
Key Market Players
Key Topics Covered:
1 Markets
2 Application
3 Products
4 Region
5 Markets- Competitive Benchmarking & Company Profiles
6 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/kt38iz
View source version on businesswire.com:https://www.businesswire.com/news/home/20221201005641/en/
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KEYWORD:
INDUSTRY KEYWORD: RETAIL TEXTILES MANUFACTURING FASHION
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/01/2022 07:22 AM/DISC: 12/01/2022 07:23 AM
http://www.businesswire.com/news/home/20221201005641/en