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Market Summary

The Global Technical Textile Market is forecasted to growing CAGR of 6.3% from USD 185.47 Billion in 2019 to USD 285.20 Billion in 2027. Technical textile include a variety of processes, such as woven, nonwoven, and knitted, among various other methods. Technical textiles are largely used for applications in automobile industries, like for making seatbelts, and ceilings, among others.

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They offer, large number of products and niches, these products are often technologically advanced and can be customized according to the end user’s requirements. Owing to new innovations in the sector, the market is growing rapidly with new and advanced products with multiple applications.

The evolution of technology transversally integrates the human sciences, materials and information technology, and allows to predict positive perceptions in the approach towards development of new products and applications in the industry. The general trend is to offer high tech and performance efficient fabrics designed not just to look attractive, but also to offer a noteworthy value addition in terms of functionality. Technical textiles in industrial products are also associated with electrical components and cables, flexible seals and diaphragms, and acoustic and thermal insulation for other domestic appliances. It is a promising sector with extreme growth potential and is successful in supporting diversified industries. They are also largely used for the purpose of ecology and environment protection.

Increasing applications of geotextiles in road construction, sports sector and transportation are one of the driving factors that have propelled the growth of the global technical textile market. The market is witnessing an increasing growth from sports and active wear sectors owing to the use of antimicrobial finishes for producing such products. Textile chemicals help prevent bacterial infection odor caused by the sweat trapped in clothing such as socks, undergarments, T-shirts, and other sports apparel. The products of the market are predominantly used in the construction industry in order to retain the structure of the roads, pipelines, embankments, and many others. Moreover, improvement in technology that is happening across the region is further driving the growth of this market.

Material Type Outlook: Growing awareness about the superior functionality of technical textiles is encouraging higher consumption of these materials. They are classified as natural fibers, synthetic polymer, regenerated fiber, and metal and specialty fiber among others. Technical textile materials originate their demand from development and industrialization across different regions. These materials hold features such as, good chemical resistance, high dimensional stability, cut resistance low thermal shrinkage and many more.

Mechanical functionality of synthetic fibers also depend on the molecular weight, crystal grouping and branching. With such advanced properties of these materials, technical textiles sector will offer innovative solutions for global problems, such as pollution, health issues, efficient transportation, environment protection and better communication among others.

Product Type Outlook: This industry holds extremely diverse functions in various sectors in terms of products, functions and end uses extending from lightweight nonwoven filters, knitted nets and brushes to heavyweight coated conveyor belting. Product type is segmented into woven, non-woven and knitted among others. Based on this segmentation it is observed that non-woven technical textiles are one of the most rapidly growing segments in the market.

Functionality of woven textiles is found in clothing sector, predominantly in sports and active wear, automotive sector and construction and many more. These product types are being consumed widely in many industrial sectors and play a dynamic role in their application in technical textiles worldwide. Based on the above mentioned segmentation, the sustainability, recyclability and reusability of these products is determined.

Applications Outlook: Applications of technical textiles are highly diversified in several sectors namely, automobile, construction, clothing, medical and environment among others. Some of the most prominent properties of the applications of this market are to provide for protective, cost-efficient and technologically advanced products. The market is likely to propel across several industries due to its continuous efforts for producing sustainable products for its various applications. Applications of technical textiles used in building construction is growing rapidly in the market owing to, its qualities including, noise prevention, protection against sun, excellent proofing quality, visual protection, building safety and many more.

Regional Outlook: The developing regions are rapidly investing in the international textile, automobile, and construction market. India, China, and Germany are some of the major exporters of the technical textile market, thus, India and China are contributing to Asia Pacific region to establish a dominant position in the market.

North American technical textile market and is likely to witness a consistent growth rate in the forecast period owing to the growing textile industries in the region. The different key players in North America are focusing on new technological advancements to support the growth of the market for technical textiles in the region.

Market-O-Nomics

Government of India has allowed up to 100% FDI under automatic route for the technical textiles section to enable higher integration of technology into manufacturing processes and finished products. Thus, global manufacturers of technical textiles products will be able to set up manufacturing units in India, either alone or through partnerships with Indian industries.

Synthetic polymer dominates the material type outlook with a market share of 37.2% in 2019 and is forecasted to grow with the highest CAGR of 5.8% during the forecast period. Synthetic polymers are resistant to chemicals, UV rays, and electricity. It absorbs less moisture, light-weighted, elastic, wrinkle, and has low specific gravity. Therefore these materials are used to produce cables, fishnets, marine ropes, and many other necessary materials.

Non-Woven process held a market share of 43.9 % in the year 2019. This process is boosting the economy of an industry because of its properties. It has antimicrobial properties and is durable. These are designed for extreme heat and abrasion. This process is used in agrotech, build tech, geo-tech, and many others.

The natural fiber material is forecasted to hold a CAGR of 7.0% during the forecast period. These are important raw material fibers for technical textiles. These materials are cheap, light-weighted, and recyclable.

The demand for technical textiles is growing rapidly owing to their usage in a broad range of applications, including automobile, manufacturing, construction, and medical and they are expected to augment the market growth.

Asia-Pacific held the largest market share of 36.9% in the year 2019. The demand for technical textiles is quickly growing due to their usage in a broad range of applications, including manufacturing, marine, medical, automotive, and chemical.

Companies considered and profiled in this market study

Asahi Kasei, Berry Global Group, Mitsui Chemicals, Kimberly Clarke, Koninklijke Ten Cate, International Textile Group, Toyobo Co., SRF Limited, Lanxess, and DuPont among others.

The players operating in the market have undertaken a number of strategies related to the market in the period 2017-2020. The key highlight is:

In June 2020, Teijin Frontier launched High-Stretch SOLOTEX ECO-Hybrid Fiber made using plant-derived and recycled materials. This will contribute towards a sustainable and eco-friendly living.

In March 2020, Berry Global produced technical textile materials critical for the defense against the novel Coronavirus thus, by extending its capacity (Meltex meltblown) to manufacture wipes and provide the required material to leading healthcare and consumer brand companies

Start-up Traction

The technical textile industry offers numerous growth prospects. Consequently, a number of startups providing innovative products and technologies have been entering the market. Some of them are Oros Apparel, Spiber, Bolt Threads, BeBop Sensors, Ecovative, Modern meadow, Mango Materials, Re:newcell and Archroma among others.

Deals Landscape

The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market. Along with the companies operating in the market, other key market players have also been entering the industry.

In July 2020, Ecotek360 and Fiber Conversion collaborated on eco-friendly technical textiles. This collaboration will be fruitful for the sustainable and ecological growth and development of the market across the globe

In June 2020, The China-based industrial yarn manufacturer Zhejiang Kingsway High-Tech Fiber Co., Ltd. has expanded its production volumes with five Oerlikon Barmag lines. This expansion is going to be extremely dynamic for the market in the upcoming years

Expert Insights:

Based on the industrial expert’s analysis, the global technical textile market is going to flourish globally during the forecast period owing to its varied applications in different sectors such as, healthcare, automobile, building and construction and many more. New market players entering the industry are expected to focus on innovating and providing advanced technologies and new products, thereby reducing intricacy and lowering the overall total manufacturing cost. Experts also believe that increase in the adoption of environment friendly materials in developing nations would evolve the stability of the industry.

Segments Covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2027. The scope of the report can be defined as:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this report, Reports and Data have segmented into the global Technical Textile market on the basis of material type, process type, application, and region:

Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

Natural Fiber

Synthetic Polymer

Regenerated fiber

Mineral

Metal

Specialty fiber

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

Woven

Non-Woven

Knitted

Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

Mobitech

Indutech

Sporttech

Buildtech

Hometech

Geotech

Clothtech

Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

North America U.S. Canada

Europe U.K France Germany Rest of Europe

Asia Pacific China India Japan Rest of Asia

Middle East and Africa

Latin America Brazil

