USD 188.81 billion
Report ID:
SQMIG25M2007 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
129
|Figures:
77
Technical Textile Market size was valued at USD 197.68 Billion in 2023 and is poised to grow from USD 206.97 Billion in 2024 to USD 298.88 Billion by 2032, growing at a CAGR of 4.70% during the forecast period (2025-2032).
The term technical textile refers to textile materials that are produced to suit performance and technical needs rather than aesthetic or decorative ones. The primary industries where technical textile is used are agriculture and horticulture, building and civil engineering, footwear and clothing, furniture and coverings for homes, cleaning and conveying industrial equipment, the automotive industry, environmental protection, the packaging industry, personal protective equipment, sport, and recreation. Technical textiles are also made from fibres with unique properties, such as Saran, Vinalon, Vinyon, Spandex, Modal, Sulphar, Twaron, Kevlar, Nomex, PBI, and others. These are composed of a variety of natural and synthetic fibres, including Acetate, Rayon, Nylon, Polyester, Acrylic, Olefin, and others.
Products made with technical textiles perform better than textiles of a more conventional nature. Natural and synthetic fibres are both utilised to make many sorts of products. By combining a number of unique chemical procedures with different natural fibres to give them the desired new qualities, synthetic fibres are created for these purposes. These fibres are superior than synthetic fibres in terms of strength, and as a result, they are frequently utilised in a variety of industries, including the automotive, medical, and other fields, in addition to clothing.
US Technical Textile Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 188.81 billion
Largest Segment
Synthetic Polymer
Fastest Growth
Natural Fiber
Growth Rate
4.70% CAGR
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Global Technical Textile Market is segmented based on the material, manufacturing process, product form, application and region. According to material, the market of technical textile is sub segmented into Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber and others. Based on manufacturing process, global Technical Textile Market is segmented into Thermo-forming, 3D Weaving, 3D Knitting, Nanotechnology, Heat-set Synthetics, Finishing Treatments, Hand-made Elements and others. According to product form the Technical Textile Market is sub segmented into fabric, fiber and yarn. Based on application, the Technical Textile Market is sub segmented into Agro Textiles, Buildtech Textiles, Indutech Textile, Hometech Textile, Medtech Textile, Packtech Textile, Protech Textile, Transtech Textile, Sportech Textile, Clothtech Textile and others. Based on Region, Technical Textile Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Technical Textile Market Analysis by Material
The synthetic polymer segment dominated the global market. This can be attributed to factors like great quality and affordable cost. Synthetic polymers are the preferred material for creating textiles for a variety of applications since technical textiles aren't made for decoration but rather for strength and endurance. The most potent material in terms of technical characteristics, polymer composites have also been demonstrated and evaluated by several end-use sectors, demonstrating better mechanical capabilities, durability, and sustainability. Additionally, polymers can be blended with other non-polymeric technical fibres to improve the technical textile qualities for a variety of applications.
The natural fiber segment is anticipated to grow at a high CAGR during the forecast period. The increased awareness of the environmental contamination of synthetic materials is to blame for this. As a consequence, environmentally friendly materials have been created and adopted in the manufacture of technical textiles, which in turn is fueling the market's expansion on a worldwide scale.
Technical Textile Market Analysis by Application
The hometech textile segment dominated the global market. This can be attributed to the expanding domestic market's need for the goods. It comprises furniture, floor and wall coverings, fireproofing, and cushioning materials, among other things. Residential development is anticipated to rise in the next years, particularly in emerging nations, signalling a favourable trend.
MobilTech segment is expected to grow at a high CAGR during the forecast period. This can be attributed to a well-established customer base in industrialised nations like Europe and North America. Future predictions for this segment indicate that it will expand significantly, mostly as a result of the sharp increase in demand for vehicles with advanced technical features.
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AsiaPacific dominated the global market. Due to the distinctive functional qualities that technical textile offers, such as hygienic and safety, cost effectiveness, durability, strength, lightweight, versatility, user-friendliness, logistical convenience and environmental sustainability, the use of the product is expanding in the automotive, geotextiles, agricultural, geotextiles, industrial/military, medical/healthcare, and construction industries. Over the course of the projection period, the demand for apparel and protective, industrial, and functional clothing is anticipated to increase. The expansion of China's residential, commercial, and industrial sectors together with supportive government policies for India's entire textile industry is anticipated to increase the market's growth possibilities. The goal of the Indian prime minister's active participation with the Cabinet Committee on Economic Affairs (CCEA) is to expand the domestic technical textile market.
Europe region is expected to show a high growth rate for the market during the forecast period owing to the product demand led by fashion clothing and household applications. Additionally, an increase in tourism, healthcare, and automotive activities is anticipated to significantly boost key end-use textile categories, supporting the market expansion.
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Technical Textile Market Driver
Technical Textile Market Restraint
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Global Technical Textile Market share is reasonably consolidated and competitive. The major industry participants continually implement various growth strategies to maintain a competitive edge. Many businesses are emphasizing organic growth initiatives, including new launches, product approvals, and others like patents and events. Major Players include Low & Bonar PLC, Freudenberg Group, Berry Global Group, Inc., Ahlstrom-Munksjo and Asahi Kasei Advance Corporation. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Technical Textile Market Top Player's Company Profiles
Technical Textile Market Recent Developments
Freudenberg Performance Materials unveiled a brand-new technical textiles website devoted to South America in November 2023.
Transforming Textiles AB unveiled Sense-Tex, a cutting-edge yarn and fabric technology, in November 2023. It blends superior functionality, sustainability, and style. This cutting-edge textile product aims to give consumers an unmatched experience by combining style, clever technology, and environmental consciousness.
March 2023 (Purchase) Archroma, a global leader in environmentally friendly specialty chemicals and solutions for a range of sectors, including paints, packaging & paper, textiles, and more, has successfully acquired the Textile Effects division of Huntsman Corporation.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Technical Textile Market analysis, growing public awareness about the many advantages and the use of cutting-edge technologies to increase output will favourably impact growth. Due to the increasing rate of soil erosion and the need for environmentally friendly water treatment and erosion control strategies, there will be a growth in the market for geo-tech textiles. Governments have imposed restrictions on the use of technical textiles in specific sectors, including manufacturing and mining. In the upcoming years, the demand for technical textiles is anticipated to increase quickly due to their use in the production of surgical hosiery, hats, beddings, sheets, pillow covers, and uniforms.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 188.81 billion |
Market size value in 2031 | USD 285.46 billion |
Growth Rate | 4.70% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Technical Textile Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Technical Textile Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Technical Textile Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Technical Textile Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25M2007
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