Technical Textiles Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Technical Textiles Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 1,67,321.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.4% and is expected to reach a valuation of US$ 2,83,111.7 Mn by 2032 end.
Technical Textiles fibers are superior to synthetic fibers in terms of strength. As a result, they are employed extensively in various applications outside of clothing, including automotive, medical, and other industries.
ChemView Consulting has analyzed that the technical textiles market is expected to hold the largest share in revenue for the next few years. To achieve an organized production process and reduce costs, technical textiles are being used to manufacture uniforms, bedding, and sheets.
The vast market for technical textiles is expected to remain strong and profitable in the coming years. Applying these textiles in various industries has also created lucrative opportunities for investors. Technology and innovation are key driving factors for growth in the same. Demand for technical materials will rise with the increasing consumption of geo-tech products in various fields. Government mandates are helping boost efficiency and profits by forcing businesses to adopt technical textiles in their operations.
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Segments Covered in Report
By Application Type :
By Process Type :
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Technical Textiles Market
- Based on the application type, At 35.0% of the market, mobiltech textiles had the greatest revenue share. Due to the increased production and sales of automobiles worldwide, mobiltech fabrics are anticipated to experience great growth in the years to come. Due to their excellent durability and wear resistance, technical textiles are utilized in producing airbags, seat belts, seating upholstery, tire cords, and linear, among other products.
- Based on the Process Type, the nonwoven segment will continue dominating the technical textile market. Nonwoven processes are chosen over composite and other methods because they are less expensive and increase specific natural or synthetic fiber qualities, ultimately improving textile materials’ performance.
- Based on Region, the Asia Pacific market held a sizeable revenue share of 54.1%. India’s escalating domestic and international terrorism has boosted demand for technical fabrics by increasing demand for bulletproof vests. Ballistic protection vests are made from technical textiles because of the phase change materials’ excellent tear and scratch resistance. Ballistic vests are worn by those in the military, the affluent, and influential politicians who face a serious risk to their lives.
Key companies covered in the market study are Toyobo Co, Milliken & Company, SRF Limited, Asahi Kasei, Kimberly Clarke, Low & Bonar, Huntsman (US), Koninklijke Ten Cate, and International Textile Group, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg & Co.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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