Market Overview
Functional textiles are textiles with integrated functions of controlling or adjusting according to its application area. Functions such as temperature control, humidity control etc. are such functions which are in build upon manufacturing. The basic and mostly used fibers in the functional textiles are viscose (rayon) and polyester fibers.
Besides this, the demand for such functional textiles is majorly for the active and performance type of wear. he aerothermal technology , which protects from extreme hot and cold condition is growing in functional textiles. The brand Peak Performance (ski wear) of IC Group A/S, Adidas offers such thermal insulation technology functional textiles.
Energear technology of Schoeller Technologies AG receives the energy exerted by the body through far infrared rays, is also a type functional textile. Vast development in the polymer (fiber) industry, coating and finishing industries also contributes in the global functional textiles market.
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The functional textiles market is primarily driven by the increasing demand from applications such as sportswear (cycling, ski sports, swimming). The spontaneous technological developments in textile and apparel industry plus the increasing customer expectations aids in driving the global functional textile market.
However, functional textiles are quite expensive which are in the premium class of textiles, marks attention towards selective buyers. Thus, the cost structure might restrain the momentum of the global functional textile market.
The global functional textiles market is segmented on the basis of type, functions and application.
The global functional textile market is geographically divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Europe holds a maximum share of functional textile market in terms of production.
The fact is due to the the vast growth of textile and apparel industry in Germany, France, Italy, UK and also the high- tech developments. Also, North America holds a healthy market in terms of production for functional textile comparative to Europe. Asia Pacific and MEA offers extensive opportunity for functional textile market. Malaysia, Taiwan, South Korea, Japan and Turkey are anticipated to be the promising market for functional textile market growth prospectus.
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Some of the key players in the global functional textiles market are Dyntex GmbH, Trevira GmbH, Eclat Textile Corporation Ltd., Harvest SPF Textile Company Ltd., Toung Loong Textile MFG, Sofileta, Kelheim Fibres GmbH
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies.
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