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Heating Fabrics Market SWOT Analysis, Business Overview & Key Market Players

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BIS RSRCH
Heating Fabrics Market SWOT Analysis, Business Overview & Key Market Players

COVID-19 outbreak is expected to moderately impact the heating fabrics business across all the end-use industries during 2020-2022. However, heating fabric manufacturers are coming up with new battery-operated heating fabric products that can be charged when required. Battery-operated fabrics are preferred when the heat is required to be generated with low voltage supply, and the plug-in facility is not available. Battery-operated fabrics are ideal for heated apparels, heated seating, heated medical modalities, and military wears, among others.

The global heating fabrics market caters to the demand for various industries such as healthcare, military wear, home textiles, agriculture, and transportation. The transportation industry, which included automotive and aerospace sectors, dominated the end-use segment in terms of value and volume during 2019 and is expected to garner a market share of around $299.2 million by 2025.

With the growing number of institutes and universities venturing into the research and development of heating fabrics and smart textiles, the technology development and the fabrics development in the recent years have given rise to several new products to the segment. Carbon fiber-based and polymer-based fabrics have shown an exponential increase in production for multiple applications such as military, sports, and healthcare. For instance, wearable heating system with a controllable e-textile-based thermal panel by Istanbul Technical University has given rise to products such as Loomia’s electronic jacket. There have been several such cases whereby the information provided by the research studies of the universities is based on the product development of a company. Moreover, several companies also collaborate with institutions and universities to do the research on their behalf, thereby reducing the R&D costs.

The heating textiles market possesses great potential for extending its roots in developing products specific for nice industries. Products such as automobile seat covers and fabrics wrapped around engines to prevent the liquids from freezing by maintaining a specific temperature are some of the few niche applications that require installations of several different sensors within the heating fabric, thereby serving only niche applications. In recent years, companies manufacturing niche products have increased in number due to the rising demand for such products. For instance, demand for patient warming fabrics, surgical drapes, and surgical clothing for medical workers working in cold geography for temperature regulation have increased, thus encouraging the manufacturers to opt for the heating fabrics business.

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The global heating fabrics market caters to the demand for various sectors such as automotive, aerospace, medical, agriculture, and apparels. Non-carbon fibers such as PET/polyester, glass, aramid, metal, and nylon are a popular choice for the application in most of the industry and are anticipated to dominate throughout the forecast period. The dominance can be attributed to the easy availability of these raw materials at economical cost.

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