The global technical textile market is expected to grow at CAGR of 8.0 % within the forecast period of 2021 to 2029. The demand for textile is increasing as per the needs & its application. Consumers are expecting better quality of textiles along with their sustainable property. These textiles are known for their superior characteristics over their traditional equivalents and are utilized for specific functionalities. Characteristics and features such as superior technical performance, higher strength and versatility make them desirable for numerous commercial use, domestic use and industrial use. A major advance in textiles technology was the invention of polyamide, more commonly known as nylon. This synthetic material can be pulled into very thin strands when heated and spun just like natural textiles, and is now used extensively as a fabric in clothing. The technical textiles have high quality over other textiles. The industry grows significantly as there is wide range of application in the industry. Major brands in textile industry have emerged cause of technical textile & have gained growth in revenue over time. The trend in textile industry leads the technical textile to new highs ensuring wide application & sales. The technical industry is expected to grow over time.
Nowadays, natural fibres are used to replace synthetic fibres because of environmental concern as reinforced material in polymer composites for engineering materials. Synthetic polymer plays a vital role in textile industry as it has dynamic properties & is also known as sustainable material. Synthetic fibre-reinforced polymer composites provide high-strength & stiffness materials that are widely accepted as aerospace components and automotive industries. Synthetic polymers are made from raw materials such as petroleum, based on chemicals or petrochemicals. The application of synthetic polymer is used in bullet proof vests, heat resistant garments, high performance sporting goods, heavy-lifting lines, tow cables and so on. The synthetic polymer accounted for 60% of the market in 2019 and will grow significantly in future. Synthetic fibre followed by natural fibre, regenerated fibre & other fibres are used in various regions across globe.
Technology & innovations leads the technical textile in wide range of application in constructions, medical, sports, industries, agriculture, mobile, automobile & apparel industries. The technology has made the technical material durable & sustainable. The global growth rate of technical textiles is about 4% per year greater than the growth of home and apparel textiles, which are growing at a rate of 1% per year. Currently, technical textile materials are most widely used in filters, clothing, furniture, hygiene, medical and construction products. Knitting, weaving, braiding, non-woven & tufting are the techniques used in production of technical textile. Other than these, Thermo-forming, 3D (Three Dimensional) weaving, 3D knitting, fabrics produced using nanotechnology, heat-set synthetics, finishing treatments (coating and lamination), handmade elements such as stitch/appliqué are some of the process used in wide range of application in the industry.
Pandemic affected the demand & manufacturing of technical textile, a there was extreme need for healthcare apparels along with mask on large scale. The demand & supply lowered in some industries & reached its peak in the medical sector. The chemicals required for production of technical textile were also affected. Post easing of lockdowns, led to increase in sales. The sales of textile have increased through online platforms & over the counter.
Key players in the market include Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg & Co, Low & Bonar, Huntsman, Toyobo Co, Milliken & Company, SRF Limited, Koninklijke Ten Cate, International Textile Group, Baltex, GSE Environmental, Kama holdings limited. The key strategy used by these companies includes reduction of carbon footprint, reduction in water usage, recycling products & innovation.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Technical Textile market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Manufacturing Process (2019-2029; US$ Mn)
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Application Area
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
