Technical Textiles Market to be dominated by Asia-pacific region through 2027
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.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
Technical Textiles Market"
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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