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Plastic Based Textile Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 03:07 AM, 27th December, 2017 REP-ID-353 Category: Miscellaneous

Global Plastic Based Textile Market Overview

Plastic based textile is basically designed to cool the body very efficiently. It works by allowing the body to discharge heat in different ways. The plastic based textile make the wearer feel cooler than if they wore normal clothing. Further, the new clothing could help people to reduce body heat. It reduces the cost of expensive and energy consuming equipments such as air conditioner.

Plastic based textile is light in weight, cost effective and comfortable to wear. Further, the manufacturing of plastic based textile is an environmental friendly process which includes the recycling of plastic waste into useable material.   

Market Size & Forecast

Global plastic based textile market is anticipated to witness a robust growth over the forecast period. Various factors that are propelling the growth of plastic based textile market are increasing disposable income of the population and rising adoption of innovative wearable clothing among the young generation. 

plastic based textile

Geographically, the most prominent regional markets include North America and Europe. North America is anticipated to hold the largest market share of plastic based textiles by the end 2024. Further, the region is expected to dominate the market over the forecast period owing to increasing adoption of innovative technology. In North America, U.S. is estimated to dominate the plastic based textile market owing to presence of major market players in the country. Further, rising demand for long lasting cooling effects in sports apparel among the youths is also envisioned to flourish the growth of plastic based textile market in North America region.  

Europe is the second largest plastic based textile market in terms of revenue. Further, Germany and U.K. are the prominent countries in this region that are attributing the growth of plastic based textile market. Moreover, high investment on research and development by the major market players for the plastic based textile is believed to be the dynamic factor behind the growth of plastic based textile market in Europe. Apart from this, Asia-pacific region is projected to witness a robust growth over the forecast period. The growth in this region is aided by China, Japan and others countries. Further, rising per capita income and rising purchasing power of the consumers are believed to bolster the growth of plastic based textile.   

Market Segmentation

Our in-depth analysis segmented the global plastic based textile market in the following segments:

By Product Type

  • Synthetic Cooling Fabric
  • Natural Cooling Fabric

By Application

  • Sports Apparel
  • Protective Wearing Apparels
  • Daily Wear Apparels
  • Others

By Region

Global plastic based textile market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and North Africa (GCC, North Africa, South Africa and Rest of MEA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Plastic based textiles are widely used in summers as they are heat resistant. Further, the demand for these products is anticipated to expand at a higher pace in the countries that have hot climate.

Rising adoption of plastic based textile apparels in different sectors such as industrial, military and others are expected to be the dynamic factor behind the growth of plastic based textile market globally by the end of 2024. However, rising demand for plastic based textile sports apparels for long lasting cooling effect is also envisioned to bolster the growth of the market.  

Moreover, rising disposable income along with changing lifestyle of the consumers will propel the growth of plastic based textile market over the forecast period i.e. 2017-2024. Likely, growing demand for long lasting cooling effect garments by industries in which the workers work under high temperature is also projected to fuel the growth of plastic based textile market. 

In terms of challenges, high cost of the plastic based textile products is expected to hinder the growth of plastic based textile market. Further, less adoption of costly products in developing nations is expected to hamper the growth of plastic based textile market over the forecast period.

Key Players

Some of the potential players which may enter into manufacturing of plastic based textile are:

  • Polartec
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Hexarmor
  • Ventex Corporation
  • Tex-RAY Corporation
  • Spoerry  1866 AG
  • Coolcore LLC
  • Ahlstrom Corporation
  • Technical absorbent Ltd
  • Singtex
  • Sportingtex

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global plastic based textile market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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