Technical Textiles Market
Technical Textiles Market Forecasts to 2030 - Global Analysis By Material (Synthetic Polymer, Mineral, and Natural Fiber), Manufacturing, Technology, Application, End User and By Geography
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 Textilesare materials designed and manufactured for specific functional properties rather than aesthetic or decorative purposes. These Textilesare 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.
According to a survey conducted by the International Labor Organization (ILO), exports from Asia to major consuming regions, such as Europe and North America, fell by more than 50%.
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 Textilesis soaring due to their ability to enhance safety, efficiency, and sustainability in various applications. This rising awareness underscores the growing importance of technical Textilesin 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 Textilesto 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.
Materials Covered:
• Synthetic Polymer
• Mineral
• Natural Fiber
Manufacturing Covered:
• Nanotechnology
• Heat-Set Synthetics
• Finishing Treatments
• Hand-Made Elements
• 3D Knitting
• 3D Weaving
• Thermo-Forming
Technologies Covered:
• Woven
• Knitted
• Non-Woven
• Other Technologies
Applications Covered:
• Mobiltech
• Sportech
• Buildtech
• Hometech
• Clothtech
• Meditech
• Other Applications
End Users Covered:
• Healthcare
• Construction
• Aerospace
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
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
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
10 Global Technical Textile Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Mitsui Chemicals, Inc.
12.2 Ahlstrom-Munksjo
12.3 Huntsman International LLC
12.4 Freudenberg Group
12.5 Low & Bonar PLC
12.6 Berry Global Group, Inc.
12.7 Toray Industries, Inc.
12.8 Asahi Kasei Advance Corp.
12.9 SRF Limited
12.10 Kimberly-Clark Corp.
12.11 DuPont de Nemours, Inc.
12.12 Arrow Technical TextilesPrivate Limited
12.13 Asahi Kasei Corporation
12.14 Teijin Limited
12.15 Solvay S.A.
12.16 Honeywell International Inc.
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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