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The technical textiles global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Technical Textiles Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The technical textiles market size has grown strongly in recent years. It will grow from $222.38 billion in 2023 to $239.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to infrastructure development, environmental awareness, industrial growth, safety and protection regulations, military and defense needs, .
The technical textiles market size is expected to see strong growth in the next few years. It will grow to $327.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to sustainability and eco-friendly materials, infrastructure modernization, aerospace and defense applications, circular economy practices, advancements in smart textiles.. Major trends in the forecast period include nanotechnology in textiles, use of 3d printing technology, biodegradable technical textiles, digital printing, robotic textile manufacturing ..
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Scope Of Technical Textiles Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Technical Textiles Market Overview
Market Drivers –
The increasing demand for technical textiles from end-users is expected to drive the demand in the forecast period. The increase in demand for medical apparel and raising awareness of hygiene products are driving the market. Increasing military expenditure and a rise in local extremist insurgencies and casualties will boost the demand for protective ballistic armors, thus increasing the demand for technical textiles globally. For instance, according to Nikkei Asia, a Japan-based largest financial newspaper, the Australia’s government proposed a defense budget for fiscal 2023 (July 2023 to June 2024), of 42.9 billion Australian dollars ($29 billion), or 6.3% of its total public spending for the year, up from the 5.9% share estimated in October last year . Hence, the increasing demand from various end-use industries is expected to significantly contribute to the growth of the technical textiles market.
Market Trends –
Modern technological advancement and continuous innovations are shaping the technical textiles market. Interconnected biometric garments act as connected textiles to collect data on emissions from the respiratory systems, providing new ways to assess the health and performance of the user. For instance, in 2021, Canada-based textile computing leader Myant Inc. launched new designs for connected personal protective equipment that uses volatile organic compound (VOC) sensing and assesses health and performance as a part of its interconnected system of biometric garments.
The technical textiles market covered in this report is segmented –
1) By Material: Natural Fiber, Synthetic Polymer, Regenerated Fiber, Mineral, Metal
2) By Process: Woven, Knitted, Non-woven
3) By Application: Transport Textiles, Medical And Hygiene Textiles, Industrial Products And Components, Agriculture, Horticulture, And Fishing, Home Textiles, Clothing Components, Packaging And Containment
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Regional Insights –
Asia-Pacific was the largest region in the technical textiles market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the technical textiles market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the technical textiles market include Asahi Kasei Kimberly-Clark Corporation, Berry Global Group Inc., DuPont de Nemours Inc., Mitsui Chemicals Inc., Freudenberg & Co KG, Low & Bonar Group plc., Huntsman Corporation., Toyobo Co Ltd., Milliken & Company, SRF Limited, International Textile Group Inc., Koninklijke Ten Cate B.V., 3M Company, Ahlstrom-Munksjö Oyj, Johnson & Johnson, The Procter & Gamble Company, SKAPS Industries, Baltex, Johns Manville Corporation, Companhia Providência Indústria e Comércio, Fiberweb PLC, Strata Geosystems Pvt. Ltd., The TWE Group GmbH, Lanxess AG, Ibena Textilewerke GmbH, Officine Maccaferri S.p.A., Duvaltex Inc., Hindoostan Mills Company Limited, GSE Environmental Inc., Polymer Group Inc.
Table of Contents
1. Executive Summary
2. Technical Textiles Market Report Structure
3. Technical Textiles Market Trends And Strategies
4. Technical Textiles Market – Macro Economic Scenario
5. Technical Textiles Market Size And Growth
…..
27. Technical Textiles Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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