Technical Textile Market Size & Trends 2022
The technical textile market is valued at US$ 191.33 Billion in 2021 and is anticipated to increase at US$ 275.88 Billion by 2027, with a growing CAGR of 5.15% in the next six years.
Technical textiles are semi-finished or completed textiles or fabrics that are specifically created for non-decorative purposes. Nonwoven and woven natural as well as synthetic fibers are utilized to make technical textiles because of their superior technical and functional features. Acetate, Rayon, Nylon, Polyester, Acrylic, Olefin, and other natural and man-made fibres are used in the production of technical textiles, as are fibers with particular qualities such as Modal, Sulphar, Vinalon, Vinyon, Saran, Spandex, Kevlar, Nomex, Twaron, PBI, and others. Technical textiles feature exceptional qualities such as increased tenacity, better insulation, bacteria, moisture, temperature, and sunlight resistance, cost effectiveness, durability, and high strength, to name a few. Textiles of this type can be manufactured as a single or multiple-layer composite, coated, or impregnated material. These textiles are manufactured to order to endure harsh circumstances or to fulfill specialized roles in a variety of industries, including construction, manufacture, automobile, agribusiness, medicine, sports, and more. For the longest time in history, technical textiles were primarily employed in industrial or manufacturing applications; but, as their popularity grows, they are becoming more popular in non-industrial applications.
Global Technical Textile Market Drivers:
The implementation of technical textile is being pushed by rising construction activity in the world's main countries, as well as rising demand for different on-road and off-road vehicles. Because of its exceptional comfort, flexibility, protection, skin-friendliness, and cost-effectiveness, it is becoming increasingly popular in the medical field. The market for technological textiles is increasing as the desire for implantable and non-implantable textiles for better cleanliness and healthcare grows. The expansion of this industry is further aided by favorable government assistance for the industrial sector. The implementation of new procedures to enhance outcome is predicted to drive agro-textile growth in the foreseeable term, owing to an alarming rise in worldwide population. Increased export activity in technical textiles as a result of strong cross-border demand is boosting industry growth. Nonetheless, if economic conditions return to normalcy, the market is likely to develop at a rapid rate in the years ahead. The market is expected to rise due to ongoing technical advancements brought about by notable firms' persistent research and development operations.
Global Technical Textile Market Restraints:
The high cost of the product, as compared to standard low-cost alternatives, is hampering the market's growth. This is mostly due to an increase in the price of raw materials used in the manufacture or processing of these specialised fabrics. Strict movement restrictions, a halt in production activities for vital items, and a big demand-supply imbalance as a result of trade halts have all acted as stumbling blocks for market expansion in the last year when it comes to acquiring raw materials.
1st July, 2021: The purchase of Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management systems, by DuPont has been finalised.
10th May, 2021: 3M has announced the debut of new xerogel technology insulation as part of its increasing textile insulation line. The new 3M Thinsulate Xerogel Insulation is made up of 60% post-consumer recycled material and demonstrates 3M's continuous commitment to producing sustainable textile solutions. The following are some of the highlights of 3M Thinsulate Xerogel Insulation.
Global Technical Textile Market Segmentation:
Technical Textile Market By Material
. Because of their widespread use in a variety of sectors, synthetic polymers are expected to be the most dominant material group. Synthetic textiles are gaining in popularity due to their lower cost than natural fibers, great elasticity and durability, outstanding capacity to bear severe loads, and better performance. Blends or combinations of polyester, spandex, Lycra, nylon, polypropylene, and other synthetic fibers are used in technical textiles. Because these polymers are man-made, they may be mass-produced in large quantities utilizing a variety of chemicals to improve the final product.
Technical Textile Market By Process
Based on Process, the Global Technical Textile Market is divided into Woven, Knitted, Non-woven, and Other categories. The nonwoven process will have surpassed woven, knitted, and other processes as the most popular. Superior qualities include improved resilience, strength, flame retardancy, wash ability, cushioning, sterility, and germ resistance. Nonwoven technical textiles are used extensively in agriculture to make crop coverings, root sacks, and seed blankets. The non-woven technique is used in the geo tech industry to make textiles for drainage lines, asphalt overlay, soil stabilization, and filtration. Non-woven technical fabrics are used to make protective clothing, drapes, gowns, beds, sheets, and masks.
Global Technical Textile Market By Application
Based on Application, the Global Technical Textile Market is divided into Transport Textiles, Medical and Hygiene Textiles, Industrial Products and Components, Agriculture, Horticulture, and Fishing, Home Textiles, Clothing Components, Packaging and Containment, and Others.. The increased use of technical textiles in automotive, aerospace, aviation, trains, and marine vehicles has made transport textiles the dominating application. Technical textiles have long been used in the transportation industry to make visible components like upholstery, carpets, and seat belts, as well as concealed components like tyre cords, hoses, belts, air bags, and air and fuel filters, as well as car body covers, helmet airbags, and nylon tyre cord fabric. The need for technical fabrics has been pushed up by rising demand for passenger and commercial cars. Increased investment in improving the aesthetics of automobiles has driven up demand for upholstery, which in turn promotes the use of technological textile in transportation applications.
The Global Technical Textile Market Report includes the segmentation of Regions:
The Technical Textile market in Asia Pacific is expected to have the greatest share. Because of the high expansion of the automotive sector, The sales of new automobiles and motor vehicles are being pushed by the growing population, rising disposable income, and better living standards. Development activity is increasing in Asia-Pacific as a result of a rising population base and a shift in preference for nuclear families, which is promoting the construction of new residential apartments. The market is expected to develop due to favorable government assistance for the technical textile industry in a number of Asian nations. Increasing exports of fabrics used in the manufacture of medical textiles and products from China, a significant market for Asian technical textile manufacturing, are fueling market expansion.
The Europe region holds a significant amount of share within the worldwide Technical Textile market. The country's Technical Textile business will like rising consumption levels, yet as European customers increased purchasing of this resource.
Global Technical Textile Market Key Players:
The key players in the Global Technical Textile Market are:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Technical Textile Market , By Material
6.1.1 Natural Fiber
6.1.2 Synthetic Polymer
6.1.5 Regenerated Fiber
6.1.6 Market Size Estimations & Forecasts (2022-2027)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Technical Textile Market , By Process
6.2.4 Market Size Estimations & Forecasts (2022-2027)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Technical Textile Market , By Application
6.3.1 Transport Textiles
6.3.2 Medical and Hygiene Textiles
6.3.3 Industrial Products
6.3.5 Market Size Estimations & Forecasts (2022-2027)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Technical Textile Market , by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.2 By Material
7.2.3 By Process
7.2.4 By Application
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Material
7.3.3 By Process
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Material
7.4.3 By Process
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Material
7.5.3 By Process
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Material
7.6.3 By Process
7.6.4 By Application
8. Key Player Analysis
8.1 Dow DuPont
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Ahlstrom Corporation
8.3 Johns Manville
8.4 GSE Environmental Inc.
8.5 Royal Ten Cate
8.6 Freudenberg & Co.
8.7 Proctor and Gamble
8.9 Huesker Synthetic GmbH
8.10 Hindoostan Mills
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
The technical Textile Market is valued at US$ 191.33 Billion in 2021 and is anticipated to increase to US$ 275.88 Billion by 2027, with a growing CAGR of 5.15% in the next six years.
Growth of industry sectors, increasing per capita income of consumers, increasing adaptability and acceptance of safety norms in manufacturing industries, government’s FDI promotion initiatives, and disappearance of trade barriers are growth enablers for Technical Textile Market.
The major participants in the Technical Textile Industry are Dow DuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M.
The technical Textile Market is Segmented on the basis of Material, Process, Application, And Geography.
Asia Pacific (APAC) region has the largest share in the Technical Textile Market
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