Global plastic based textile market is expected to register a noteworthy CAGR over the forecast period. Moreover, rising disposable income of the consumers and increased spending on clothing and other fashion accessories are two primary factors which are envisioned to drive the demand for plastic based textile in future. Furthermore, increasing demand for innovative textiles is envisioned to foster the growth of global plastic based textile market in future.
The sports apparels segment by application is likely to grow at remarkable pace during the forecast period. Further, rising demand for plastic based textile sports apparels for long lasting cooling effect is envisioned to bolster the growth of this segment in near future. Apart from this, use of plastic based textile in protective wearing apparels is also anticipated to expand the growth of market.
Wide Range Applications
Demand for cooling fabrics such as plastic based textile is anticipated to rise in various sectors such as defense, industrial and others owing to its ability to help reduce body heat. Additionally, increasing concerns amongst the population regarding energy conservation is also a key factor which may fuel the demand for plastic based textile in near future.
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Plastic Based Textile for Sports Apparel
Unmatched ability of plastic based textile to keep body at low & relaxing temperature is a major factor which makes them more desirable for sport apparels.
However, availability of other cooling textiles and lack of awareness in various undeveloped countries are some of the factors that are likely to inhibit the growth of the plastic based textile market in the near future.
The report titled “Plastic Based Textile Market : Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global plastic based textile market in terms of market segmentation by product type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global plastic based textile market which includes company profiling of those companies which may enter into manufacturing of plastic based textile are Ventex Corporation, Tex-RAY Corporation, Spoerry 1866 AG, Coolcore LLC, Ahlstrom Corporation, Technical absorbent Ltd, Singtex, Sportingtex. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global plastic based textile market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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