(MENAFN- America News Hour)
Kenneth Research has evaluated the current market opportunities in Plastic Based Textile Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Plastic Based Textile Market products.
Get Exclusive Sample Copy Of this Strategic Report:
According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
Kenneth Research has evaluated the current market opportunities in Plastic Based Textile for the period of 2018-2024 including the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players along with worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa has been provided in the report.
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.
Get Exclusive Sample Copy Of this Strategic Report:
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 (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity 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 withPlastic Based Textile 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.
Request Free Sample Copy :-
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
Don't miss out on the business potential of Plastic Based Textile
You can also ask for region wise of this Strategic Report:
Reasons to Purchase this Report :
- Evaluating the market size of the globalPlastic Based Textile as well as the market forecast.
- Analysing various market segmentations as well as forecasting the market on the basis of geography which includes North America, Latin America, Europe, Asia Pacific and Middle East and Africa
- Highlighting the factors impacting the growth of the market which includes growth drivers, challenges, opportunities as well as trends
- Examining competitive landscape of the leading companies on the basis of overview of the company, business strategy, product overview, risk analysis, recent developments and SWOT analysis.
Various statistical methods such as Covariance, Correlation, Regression and Coefficient of Determination (R square) analysis have been utilized to assess the market performance and analyse the future outlook of the market.
This market study is definitely going to be useful and can be utilized as a valuable source of assistance for the investors, manufacturers related to the product, suppliers, distributors, investment banks, management consulting companies, regulatory and government bodies, research organizations, and forums.
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us
Kenneth Research
Email :
Phone: +1 313 462 0609
James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
MENAFN03082022004545010068ID1104637870