Fabric Protection Market to Reach $3.38 Billion with CAGR of 4.90% - Current Trends and Future Estimations
Fabric Protection Market Size, Growth, Forecast 2032 | MRFR
Market Research Future (MRFR) has published a cooked research report on the “Global Fabric Protection Market” that contains information from 2018 to 2032. The Fabric protection market is estimated to register a CAGR of 4.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global fabric protection market— Church & Dwight Co., Inc., Fabrica de Jabon La Corona, LG Household & Health Care Ltd., RSPL Limited, Procter & Gamble Co., Alicorp S.A.A., Henkel AG & Co. KGaA, Wings Corporation, Kao Corporation, Lion Corporation, Reckitt Benckiser Group PLC, SA de CV, Whealthfields Lohmann Guangzhou Ltd., Guangzhou Blue Moon Industry Co., Ltd., Amway Corporation, S.C. Johnson & Son Inc., Unilever PLC, Golrang Industrial Group, Nice Group Co., Ltd., Guangzhou Libby Enterprise Group Co., Ltd. and others.
Fabric Protection Market Highlights
The global fabric protection market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 3.38 Billion by 2032.
The fabric protection market is on the rise as consumers aim to preserve and prolong the life of textiles. With a focus on stain and water resistance, fabric protection products find application in homes, automotive interiors, and commercial spaces.
Segment Analysis
The global fabric protection market has been segmented based on application.
On the basis of application, the market is segmented into apparel, footwear and upholstery. The apparel segment dominated the market in 2022. The increased demand for clothing composed of water- and stain-resistant materials is to blame for this.
Regional Analysis
The global fabric protection market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe fabric protection market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The fabric protection market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World fabric protection market comprises of Middle East, Africa, and Latin America.
The North America fabric protection market dominated this market in 2022 (45.80%). Environmental and health concerns are causing consumers in North America to become more and more anxious. The need for fabric protection products that are not only effective but also non-toxic and environmentally friendly is rising as a result of this greater awareness. Regional manufacturers are developing and promoting eco-friendly fabric protection options that support consumers' environmental goals and health-conscious lifestyles in order to fill this requirement.
Moreover, the second-largest market share is held by the fabric protection market in Europe. Europe, home to many upscale firms, has a sophisticated consumer base that spends money on upscale fabrics and furniture. To protect these irreplaceable items, customers are more likely to use fabric protection services and solutions. Since high-end furnishings and materials that require particular maintenance are typically associated with the luxury industry, it has a significant impact on fabric preservation.
Additionally, the Asia-Pacific fabric protection market is expected to grow at the fastest CAGR from 2023 to 2032. The growing middle class in India: As one of the largest countries in the Asia-Pacific, India has been quickly urbanizing and creating a middle class. As more individuals move to urban areas and as their incomes rise, demand for home furnishings like sofas, draperies, and rugs is rising. Indian clients are increasingly spending on fabric preservation services and solutions to safeguard these treasured family belongings. As a result of this development, the fabric protection market in India and other emerging economies in the Asia-Pacific region is growing.
Furthermore, the rest of the world's fabric protection market is divided into the Middle East, Africa, and Latin America. In Latin America, the fabric protection market is expanding due to consumer interest in extending textile life. The need for stain and water resistance in residential, automotive, and commercial spaces drives the adoption of fabric protection solutions.
Key Findings of the Study
- The global fabric protection market is expected to reach USD 3.38 Billion by 2032, at a CAGR of 4.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. One of the biggest nations in the Asia-Pacific region, India has been rapidly urbanizing and developing a middle class.
- Based on application, the apparel segment was attributed to holding the largest market in 2022.
- Church & Dwight Co., Inc., Fabrica de Jabon La Corona, LG Household & Health Care Ltd., RSPL Limited, Procter & Gamble Co., Alicorp S.A.A., Henkel AG & Co. KGaA, Wings Corporation, Kao Corporation, Lion Corporation, Reckitt Benckiser Group PLC, SA de CV, Whealthfields Lohmann Guangzhou Ltd., Guangzhou Blue Moon Industry Co., Ltd., Amway Corporation, S.C. Johnson & Son Inc., Unilever PLC, Golrang Industrial Group, Nice Group Co., Ltd., Guangzhou Libby Enterprise Group Co., Ltd. and others
Read more about this Report: Fabric Protection Market Size