Global Technical Textiles Market Forecasts to 2030
Overview of Global Technical Textile market:
According to Stratistics MRC, the Global Technical Textile Market is accounted for $231.3 million in 2023 and is expected to reach $404.2 million by 2030 growing at a CAGR of 8.3% during the forecast period. Technical Textiles are materials designed and manufactured for specific functional properties rather than aesthetic or decorative purposes. These Textiles are engineered to fulfill particular performance criteria such as durability, strength, flexibility, resistance to heat or chemicals, and other specialized functionalities. They find applications in various industries like automotive, aerospace, healthcare, sports, construction, agriculture, and more due to their unique properties and performance advantages.
This report analyzes the Technical Textile market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, material, manufacturing, technology, application, end user etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
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Market Dynamics:
Driver:
Increasing demand for advanced materials
The market is witnessing a surge in demand for advanced materials driven by innovations in sectors like automotive, healthcare, and construction. These materials, such as high-performance fibers, nanomaterials, and smart textiles, offer superior properties like strength, durability, and functionality. The growing emphasis on sustainability and performance enhancement is propelling manufacturers to invest in research and development of these advanced materials, catering to a wide range of applications and driving the market's growth trajectory.
Restraint:
Lack of awareness of technical textiles
In the rapidly evolving landscape of the market, one prevalent challenge is the lack of awareness regarding the vast potential of technical textiles. Despite their transformative capabilities in industries ranging from healthcare to aerospace, many stakeholders remain unaware of their diverse applications and benefits. This lack of awareness often leads to underutilization of these advanced materials, highlighting the crucial need for comprehensive education and promotion within the technical textile sector.
Opportunity:
Rising awareness of the benefits of technical textiles
These innovative fabrics are revolutionizing industries by offering superior performance characteristics like durability, flexibility, and advanced functionalities. From healthcare to automotive sectors, the demand for technical textiles is soaring due to their ability to enhance safety, efficiency, and sustainability in various applications. This rising awareness underscores the growing importance of technical textiles in modern industries, driving significant market growth.
Threat:
High cost of raw materials and production
Factors such as increased demand, supply chain disruptions, and geopolitical tensions contribute to this trend. Companies face pressure to streamline operations, optimize resource utilization, and explore alternative sourcing strategies. Innovations in material science and production technologies offer avenues for cost mitigation, but sustained market volatility necessitates agile strategies to navigate these challenges effectively. Thus, the market grapples with soaring raw material costs and production expenses, posing substantial challenges.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Technical Textile market, leading to disruptions in supply chains, reduced demand due to economic slowdowns, and changes in consumer behavior. Industries such as healthcare, personal protective equipment (PPE), and hygiene witnessed increased demand for technical textiles, while sectors like automotive and construction experienced a decline. Companies adapted by focusing on innovation, sustainable practices, and digitalization to navigate the challenges and seize emerging opportunities in the post-pandemic landscape.
The thermo-forming segment is expected to be the largest during the forecast period
The thermo-forming segment is expected to be the largest during the forecast period. By subjecting thermoplastic textiles to controlled heat, they become pliable, enabling molding into complex forms. This method ensures precision, durability, and lightweight characteristics, ideal for automotive parts, protective gear, and medical equipment. Thermo-forming's versatility and cost-effectiveness have spurred its adoption across various industries, driving innovation and enhancing product performance in the dynamic technical textile landscape.
The meditech segment is expected to have the highest CAGR during the forecast period
The meditech segment is expected to have the highest CAGR during the forecast period. With a focus on quality, durability, and performance, Meditech's products cater to diverse industries such as healthcare, automotive, aerospace, and sports. Its expertise in developing specialized fabrics, coatings, and materials has garnered widespread recognition, making meditech a trusted partner for companies seeking reliable and cutting-edge solutions in the ever-evolving landscape of technical textiles.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to increasing demand from various sectors such as healthcare, automotive, construction, and sports equipment. Advancements in materials science, nanotechnology, and manufacturing processes have led to the development of high-performance technical Textiles with enhanced properties such as moisture management, UV protection, and antimicrobial properties.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period driven by increasing demand across various industries such as automotive, healthcare, construction, and sports. Advancements in textile technology, including the development of high-performance fabrics and smart textiles, are further fueling market expansion. The region's strong manufacturing base, coupled with rising disposable incomes and growing awareness of sustainable practices, are key factors contributing to the thriving market in the region.
Key players in the market
Some of the key players in Technical Textile market include Mitsui Chemicals, Inc., Ahlstrom-Munksjo, Huntsman International LLC, Freudenberg Group, Low & Bonar PLC, Berry Global Group, Inc., Toray Industries, Inc., Asahi Kasei Advance Corp., SRF Limited, Kimberly-Clark Corp., DuPont de Nemours, Inc., Arrow Technical Textiles Private Limited, Asahi Kasei Corporation, Teijin Limited, Solvay S.A. and Honeywell International Inc.
Key Developments:
In November 2022, Asahi Kasei Corporations product category Bemberg launched a new range of products & partnerships enriching its smart fashion offer. This new launch helps to expand the company’s applications for the luxury and fashion industry, including knitwear, casualwear, and jerseys.
In October 2022, DuPont launched a new global portfolio of Kevlar-engineered yarns. These new products are helpful for manufacturers to increase the level of protection without significantly increasing thickness and weight.
Leading Industry Players in the Technical Textile market worldwide:
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Global Technical Textile Market Segmentation
The Technical Textile market segmentation encompasses various dimensions, including material, manufacturing, technology, application, end user, region, and competitors. By material, the market is divided into several categories, tailored for specific performance requirements in various applications. The market is segmented by manufacturing, providing desired properties and performance characteristics. In terms of technology, technical textile products enhanced durability and smart textiles integrating sensors for real-time monitoring. By application, it plays a crucial role in functional purposes. The market segmentation by end user reveals benefiting from technical textiles strength, durability. Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Technical Textile market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and Rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and Rest of the Asia Pacific region.
South America: Argentina, Brazil, Chile, and the rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of the Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Technical Textile Market Research Report (2024-2030)
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Technical Textile Market, By Material
5.1 Introduction
5.2 Synthetic Polymer
5.2.1 Polyethersulfone (PES)
5.2.2 Polyamide (PA)
5.2.3 Polyacrylonitrile (PAN)
5.2.4 Polypropylene (PP)
5.2.5 Polyester
5.3 Mineral
5.3.1 Asbestos
5.3.2 Glass
5.3.3 Ceramic fiber
5.3.4 Metal
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5.3.5 Regenerated Fiber
5.3.6 Rayon
5.3.7 Acetate
5.4 Natural Fiber
5.4.1 Cotton
5.4.2 Wool
6 Global Technical Textile Market, By Manufacturing
6.1 Introduction
6.2 Nanotechnology
6.3 Heat-Set Synthetics
6.4 Finishing Treatments
6.5 Hand-Made Elements
6.6 3D Knitting
6.7 3D Weaving
6.8 Thermo-Forming
7 Global Technical Textile Market, By Technology
7.1 Introduction
7.2 Woven
7.3 Knitted
7.4 Non-Woven
7.5 Other Technologies
8 Global Technical Textile Market, By Application
8.1 Introduction
8.2 Mobiltech
8.3 Sportech
8.4 Buildtech
8.5 Hometech
8.6 Clothtech
8.7 Meditech
8.8 Other Applications
9 Global Technical Textile Market, By End User
9.1 Automotive
9.2 Healthcare
9.3 Construction
9.4 Aerospace
9.5 Other End Users
Continued…
List of Tables
1 Global Technical Textile Market Outlook, By Region (2021-2030) ($MN)
2 Global Technical Textile Market Outlook, By Material (2021-2030) ($MN)
3 Global Technical Textile Market Outlook, By Synthetic Polymer (2021-2030) ($MN)
4 Global Technical Textile Market Outlook, By Polyethersulfone (PES) (2021-2030) ($MN)
5 Global Technical Textile Market Outlook, By Polyamide (PA) (2021-2030) ($MN)
6 Global Technical Textile Market Outlook, By Polyacrylonitrile (PAN) (2021-2030) ($MN)
7 Global Technical Textile Market Outlook, By Polypropylene (PP) (2021-2030) ($MN)
8 Global Technical Textile Market Outlook, By Polyester (2021-2030) ($MN)
9 Global Technical Textile Market Outlook, By Mineral (2021-2030) ($MN)
10 Global Technical Textile Market Outlook, By Asbestos (2021-2030) ($MN)
11 Global Technical Textile Market Outlook, By Glass (2021-2030) ($MN)
12 Global Technical Textile Market Outlook, By Ceramic fiber (2021-2030) ($MN)
13 Global Technical Textile Market Outlook, By Metal (2021-2030) ($MN)
14 Global Technical Textile Market Outlook, By Regenerated Fiber (2021-2030) ($MN)
15 Global Technical Textile Market Outlook, By Rayon (2021-2030) ($MN)
16 Global Technical Textile Market Outlook, By Acetate (2021-2030) ($MN)
17 Global Technical Textile Market Outlook, By Natural Fiber (2021-2030) ($MN)
18 Global Technical Textile Market Outlook, By Cotton (2021-2030) ($MN)
19 Global Technical Textile Market Outlook, By Wool (2021-2030) ($MN)
20 Global Technical Textile Market Outlook, By Manufacturing (2021-2030) ($MN)
21 Global Technical Textile Market Outlook, By Nanotechnology (2021-2030) ($MN)
22 Global Technical Textile Market Outlook, By Heat-Set Synthetics (2021-2030) ($MN)
23 Global Technical Textile Market Outlook, By Finishing Treatments (2021-2030) ($MN)
24 Global Technical Textile Market Outlook, By Hand-Made Elements (2021-2030) ($MN)
25 Global Technical Textile Market Outlook, By 3D Knitting (2021-2030) ($MN)
26 Global Technical Textile Market Outlook, By 3D Weaving (2021-2030) ($MN)
27 Global Technical Textile Market Outlook, By Thermo-Forming (2021-2030) ($MN)
28 Global Technical Textile Market Outlook, By Technology (2021-2030) ($MN)
29 Global Technical Textile Market Outlook, By Woven (2021-2030) ($MN)
30 Global Technical Textile Market Outlook, By Knitted (2021-2030) ($MN)
31 Global Technical Textile Market Outlook, By Non-Woven (2021-2030) ($MN)
32 Global Technical Textile Market Outlook, By Other Technologies (2021-2030) ($MN)
33 Global Technical Textile Market Outlook, By Application (2021-2030) ($MN)
34 Global Technical Textile Market Outlook, By Mobiltech (2021-2030) ($MN)
35 Global Technical Textile Market Outlook, By Sportech (2021-2030) ($MN)
36 Global Technical Textile Market Outlook, By Buildtech (2021-2030) ($MN)
37 Global Technical Textile Market Outlook, By Hometech (2021-2030) ($MN)
38 Global Technical Textile Market Outlook, By Clothtech (2021-2030) ($MN)
39 Global Technical Textile Market Outlook, By Meditech (2021-2030) ($MN)
40 Global Technical Textile Market Outlook, By Other Applications (2021-2030) ($MN)
41 Global Technical Textile Market Outlook, By End User (2021-2030) ($MN)
42 Global Technical Textile Market Outlook, By Healthcare (2021-2030) ($MN)
43 Global Technical Textile Market Outlook, By Construction (2021-2030) ($MN)
44 Global Technical Textile Market Outlook, By Aerospace (2021-2030) ($MN)
45 Global Technical Textile Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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