High demand in the agriculture industry and the launch of smart technical textiles are expected to drive the global technical textiles market in the forecast period, 2023-2027.
According to TechSci Research report, “Technical Textiles Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global technical textiles market is anticipated to witness steady growth over the forecast period, 2023-2027. Technical textiles are products showcasing higher performance than traditional textiles, and the products used for manufacturing technical textiles comprise both natural and synthetic materials. Synthetic fibers are manufactured by a combination of different chemical processes on different natural fibers to include new properties. The new synthetic fibers have higher qualities, including greater strength than the man-made fibers. They can be used for different applications, such as in medical, automotive, and other industries. The enhanced properties of technical textiles and the improving economy of different countries are expected to bolster the demand for the global technical textiles market in the coming years.
Rapid technological advancements are transforming the textile industry, especially technical textiles. Market players are using novel technologies to lower the production cost and make the manufacturing of technical textiles more commercially feasible. Improvement in technologies used in functionalities such as thermos-forming, three-dimensional weaving & knitting, wet spinning, and spinning enhance the final technical textiles products. Also, the growing demand from developing countries like China, India, and Korea and from developed countries covering Japan, Canada, the United States, and some European countries using advanced technologies to manufacture high-performance fibers are expected to boost the global technical textiles market growth in the coming years.
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The global technical textiles market is segmented into material, technology, application, regional distribution, and competitive landscape.
Based on material, the global technical textiles market is divided into the natural fiber, synthetic polymers/fibers, mineral fiber, regenerated fiber, and others. The natural fiber is further fragmented into cotton, wool, others, and synthetic polymers are divided into polyether sulfone, polyamide, polyacrylonitrile, polypropylene, and others. Similarly, mineral fiber is divided into asbetos, glass fiber, ceramic fiber, and regenerated fiber into rayon v/s acetate. Synthetic polymers/fibers are expected to capture the highest market share in the forecast period, 2023-2027. They have low cost and high quality and strength. They witness high demand from various end-user industries, including the automotive and medical industries.
Natural fibers are expected to witness the fastest incremental growth in the forecast period. The surge in awareness about the environmental pollution caused by synthetic materials is driving the demand for natural fibers. This has led to the development of environmentally friendly fiber, which in turn drives market growth worldwide.
Based on technology, the global technical textiles market is divided into woven, knitted, non-woven, and others. The non-woven segment is expected to witness the fastest growth in the next five years. This technology helps to enhance the properties of the material, which in turn improves the performance of technical textiles. Properties of non-woven textiles are softness, strength, cushioning, absorbency, and others.
Based on application, the global technical textiles market is divided into mobiltech, sportech, buildtech, hometech, clothtech, meditech, agrotech, protech, others. Mobiltech segment is expected to account for significant market share in the next five years due to technical textile use in manufacturing customer protection equipment.
Major market players operating in the global technical textiles market are:
- Asahi Kasei Corporation
- Kimberly Clarke Corporation
- Berry Global Group
- DuPont de Nemours, Inc.
- Mitsui Chemicals, Inc.
- Freudenberg Group
- Toray Industries, Inc.
- Huntsman Corporation
- SRF Limited
- Toyobo Co
- Milliken & Company
- Koninklijke Ten Cate B.V.
- Reliance Industries Limited
- International Textile Group
- Duvaltex (US), Inc.
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“The Asia-pacific region is expected to hold the largest market share in the forecast period, 2023-2027. The technical textiles market is driven by the rise in the working population and the massive demand for hygienic products in the region. High demand from various end-user industries, including military, healthcare, construction, agriculture, geotextile, and automobile industry, and the improving economy in the region further influences the market demand. Also, the developing healthcare infrastructure and increased healthcare expenditure by leading authorities are expected to create demand for medical textiles which in turn is expected to propel the global technical textiles market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Technical Textiles Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material (Natural Fiber, Synthetic Polymers/Fibers, Mineral Fiber, Regenerated Fiber, Others), By Natural Fiber (Cotton, Wool, Others), By Synthetic Polymers (Polyether Sulfone, Polyamide, Polyacrylonitrile, Polypropylene, Others), By Mineral Fiber (Asbetos, Glass Fiber, Ceramic Fiber), By Regenerated Fiber (Rayon v/s Acetate), By Technology (Woven, Knitted, Non-Woven, Others), By Application (Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, Protech, Others), and By Region”, has evaluated the future growth potential of global technical textiles market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global technical textiles market.
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