Technical Textile Market, by Type (Woven, Nonwoven, and Others), Material Type (Uniform and Composite), and End-use Application (AgroTech, BuildTech, ClothTech, GeoTech, HomeTech, InduTech, MediTech, MobilTech, OekoTech, PackTech, ProTech, and SportTech): Global Opportunity Analysis and Industry Forecast, 2018 - 2025
Technical Textile Market Overview:
The global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. A technical textile is a type of material, which is developed to meet the specified high-performance needs of a particular application. In addition to their aesthetic characteristics, technical textile products and materials possess enhanced mechanical, electrical, durable, thermal, and functional properties which makes them usable in various end-use industries such as automotive, construction, industrial, medical and others.
The global technical textile market is witnessing significant growth, owing to extensive applications of technical textiles across various end-use industries such as agriculture, clothing, packaging & furnishing, automobiles, filtration, construction, and environmental protection.
The technical textile market is expected to grow at a significant rate during the forecast period, due to rise in demand for technical textile products across many countries. In addition, in the emerging economies, majority of the consumption of the technical textiles will be through imports, while some countries have their own production facilities.
The growth of the global technical textile market is driven by increase in production of automobiles, rise in construction activities, and upsurge in demand from the healthcare sector. Moreover, the market is expected to experience considerable growth with government legislations mandating the use of geosynthetic textiles in various infrastructure development projects.
Furthermore, increase in urbanization & industrialization, rise in income levels, expansion of production base, growth in middle class population, and surge in aging population are the macroeconomic factors that boost the market growth. However, protection policies such as high tariffs limit the demand for technical textile products to be exported. In addition, with high cost of raw materials and finished products, the pricing structure is affected, and is likely to remain a key challenge for market participants. Conversely, the emergence of new technologies such as e-textile, increase in importance for geotextiles, and development of the manufacturing sector are expected to provide an ample of opportunities for the product manufacturers during the projected period.
The global technical textile market is segmented based on type, material type, end-use application, and region. On the basis of type, the market is divided into woven, nonwoven, and others (weaving, knitting, and braiding). By material type, it is bifurcated into uniform and composite. Depending on end-use application, it is fragmented into the following sectors, namely, AgroTech, BuildTech, ClothTech, GeoTech, HomeTech, InduTech, MediTech, MobilTech, OekoTech, PackTech, ProTech, and SportTech. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players include DowDuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindoostan Mills. The other players operating in the global technical textile market are Low & Bonar, Lanxess, and Berry Global Group. Ahlstrom Corporation acquired Munksjo in November 2016 to expand its business in the technical textile market.
Key Benefits for Technical Textile Market:
The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the global technical textile market from 2017 to 2025 to determine the prevailing opportunities. Comprehensive analysis of factors that drive and restrict the growth of the market is provided. Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume. Profiles of leading players operating in the global technical textile market are provided to understand the global competitive scenario. The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
By Region North America U.S. Canada Mexico Europe Germany France UK Italy Russia Rest of Europe Asia-Pacific China India South Korea Australia Taiwan Japan Rest of Asia-Pacific LAMEA Brazil Saudi Arabia Rest of LAMEA
Our reports have been used by over 10K customers, including:
120 pages •
By Infiniti Research Limited
• Feb 2020
Global Medical Textiles Market 2020-2024 The analyst has been monitoring the global medical textiles market and it is poised to grow by USD 2.99 bn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on global medical textiles market provides a holistic analysis, market size and forecast,...
The Global Surgical Sutures Market is expected to grow from USD 3,692.13 Million in 2018 to USD 5,623.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.19%. The positioning of the Global Surgical Sutures Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry...
253 pages •
By Global Industry Analysts
• Feb 2020
Automotive Lightweight Materials market worldwide is projected to grow by US$101.3 Billion, driven by a compounded growth of 12.3%. Metal, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast...
338 pages •
By Global Industry Analysts
• Feb 2020
Technical Textiles market worldwide is projected to grow by US$62.7 Billion, driven by a compounded growth of 5%. Woven, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing...
Surgical Sutures - Medical Devices Pipeline Assessment, 2019 Summary Medical Devices sector report, “Surgical Sutures - Medical Devices Pipeline Assessment, 2019" provides an overview of Surgical Sutures currently in pipeline stage. The report provides comprehensive information on the pipeline...
Market Overview The Europe textile industry was estimated to be around USD 180 billion in 2018, and it is projected to witness a CAGR of approximately 5.5% during the forecast period, to reach approximately USD 250 billion by 2024. - Europe is home to hundreds of leading retailers and brands, internationally acclaimed...
151 pages •
By Future Market Insight Global & Consulting Pvt Ltd
• Nov 2019
The unique and wide-ranging properties of technical textiles have intrinsically linked them to various industrial applications. As most of their end uses are driven by technological innovations, the cost is no longer a significant parameter that influences the demand and sales of technical textiles. In the last few years, technical...
The Global Buildtech Textiles Market is expected to grow from USD 10,523.68 Million in 2018 to USD 14,632.65 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 4.82%. The positioning of the Global Buildtech Textiles Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry...
The e-bike market was valued at USD 15.42 billion in 2019, and is expected to grow at a CAGR of 6.21%, during the forecast period, 2020-2025. - AApart from the increasing consumer preference toward recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services,...
170 pages •
By Eminent Research And Advisory Services
• Feb 2020
Protective Clothing Fabric Market - Scope of the Report The analyst recently published a market study on the global market for protective clothing fabric. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the protective...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.