Technical Textile Market

Technical Textile Market worth $222.4 billion by 2025

The report "Technical Textile Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region - Global Forecast to 2025" The global technical textile market size is projected to grow from USD 164.6 billion in 2020 to USD 222.4 billion by 2025, at a CAGR of 6.2% from 2020 to 2025. The market has grown exponentially in the last few years, and this trend is projected to continue. The growing awareness about the superior functionality and application of technical textiles encourages the higher consumption of technical textiles and related products. Furthermore, growth in the automobile, construction, healthcare, packaging, and various other sectors has generated new opportunities for technical textiles.

Browse 200 market data Tables and 55 Figures spread through 248 Pages and in-depth TOC on "Technical Textile Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region - Global Forecast to 2025" A technical textile is a special type of material or product designed for specific purposes. It offers unique and exclusive characteristics and properties that are far different from those of normal fabrics. Technical textiles comprise a wide range of products with diverse properties used in home furnishing, automobiles, healthcare, sports, engineering, and industrial sectors, and other consumer goods with specific purposes. The technical textile market has been segmented based on material, process, application, and region. The segmentation based on material comprises natural fiber, synthetic fiber, regenerated fiber, mineral, and metal. The technical textile process considered in the study includes woven, knitted, and nonwoven. The market, based on application, is segmented into agrotech, meditech, mobiltech, packtech, sportech, buildtech, clothtech, hometech, protech, geotech, and oekotech. On the basis of key regions, the market for technical textile is segmented into North America, Europe, APAC, Middle East & Africa, and South America
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By Material, natural fiber account for highest CAGR during the forecast period.

Natural fibers are derived from natural sources, such as plants, mineral sources, and animals. These natural fibers can be turned into thread and rope through processes, such as weaving, knitting, matting, or bounding. Natural fibers consist of cotton, jute, coir, silk, sisal, wool, and flax. They are used in the manufacturing of technical textiles for applications, such as buildtech, packtech, mobiltech, meditech, sportech, hometech, indutech, and clothtech.

By process, Nonwoven, expects to register highest CAGR during forecast period.

Nonwoven fabrics are not manufactured through weaving and knitting processes, but are bonded by chemical, thermal, or mechanical processes into textile products. Instead, the fabric is directly prepared from the fiber, making the manufacturing process less time-consuming. Based on application and raw material, five bonding techniques are currently used. The technologies used for the manufacturing of nonwoven fabrics are spunbond, electrostatic spinning, flash-spun, wet-laid, dry-laid, stitch bonding, thermal bonding, and needle punching. Nonwoven fabrics are crisp, soft-to-touch, strong, and are impossible to tear. The fabric or textile produced by the nonwoven process are innovative, versatile, and indispensable. Thus, it has wide acceptance in the healthcare industry for making mask and PPE gowns. In addition, the increasing use of face masks and protective gowns during the COVID-19 pandemic are expected to provide huge opportunities for nonwoven process in the technical textile market.

Asia Pacific accounts for highest CAGR by value and volume during forecast period.

The APAC region is projected to be the fastest-growing market for technical textile due to developments such as the government expenditure on infrastructure, improving health and concern for safety, increasing awareness regarding the benefits offered by technical textile products, and rapid urbanization in this region. The APAC comprises emerging economies such as China, India, South Korea, Vietnam, and Thailand. These countries have witnessed tremendous growth in the automobile, aerospace, healthcare, agriculture, infrastructure, and packaging sectors due to the increasing demand from the urban population. China and India are projected to be the fastest-growing countries in this region due to the investments of global technical textile manufacturers in these countries. The labor and operational costs, and rapid technological advancements in these countries also drive the growth of the technical textile market.

Key players operating in the technical textile market include Asahi Kasei (Japan), Kimberly Clarke (US), Berry Global Group (US), DuPont (US), Mitsui Chemicals (Japan), Freudenberg & Co. (Germany), Low & Bonar (UK), Huntsman (US), Toyobo Co. (Japan), Milliken & Company (US), SRF Limited (India), Koninklijke Ten Cate (Netherlands), and International Textile Group (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions & investments, agreements & partnerships, and new product launches are some of the major strategies adopted by key players operating in the technical textile market.

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Technical Textile Market Size,  Share & Growth Report
Report Code
PK 3821
PR Published ON
2/8/2021
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