Technical Textile Market Overview:
The global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. A technical textile is a type of material, which is developed to meet the specified high-performance needs of a particular application. In addition to their aesthetic characteristics, technical textile products and materials possess enhanced mechanical, electrical, durable, thermal, and functional properties which makes them usable in various end-use industries such as automotive, construction, industrial, medical and others.
The global technical textile market is witnessing significant growth, owing to extensive applications of technical textiles across various end-use industries such as agriculture, clothing, packaging & furnishing, automobiles, filtration, construction, and environmental protection.
The technical textile market is expected to grow at a significant rate during the forecast period, due to rise in demand for technical textile products across many countries. In addition, in the emerging economies, majority of the consumption of the technical textiles will be through imports, while some countries have their own production facilities.
The growth of the global technical textile market is driven by increase in production of automobiles, rise in construction activities, and upsurge in demand from the healthcare sector. Moreover, the market is expected to experience considerable growth with government legislations mandating the use of geosynthetic textiles in various infrastructure development projects.
Furthermore, increase in urbanization & industrialization, rise in income levels, expansion of production base, growth in middle class population, and surge in aging population are the macroeconomic factors that boost the market growth. However, protection policies such as high tariffs limit the demand for technical textile products to be exported. In addition, with high cost of raw materials and finished products, the pricing structure is affected, and is likely to remain a key challenge for market participants. Conversely, the emergence of new technologies such as e-textile, increase in importance for geotextiles, and development of the manufacturing sector are expected to provide an ample of opportunities for the product manufacturers during the projected period.
The global technical textile market is segmented based on type, material type, end-use application, and region. On the basis of type, the market is divided into woven, nonwoven, and others (weaving, knitting, and braiding). By material type, it is bifurcated into uniform and composite. Depending on end-use application, it is fragmented into the following sectors, namely, AgroTech, BuildTech, ClothTech, GeoTech, HomeTech, InduTech, MediTech, MobilTech, OekoTech, PackTech, ProTech, and SportTech. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players include DowDuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindoostan Mills. The other players operating in the global technical textile market are Low & Bonar, Lanxess, and Berry Global Group. Ahlstrom Corporation acquired Munksjo in November 2016 to expand its business in the technical textile market.
Key Benefits for Technical Textile Market:
The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the global technical textile market from 2017 to 2025 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
Profiles of leading players operating in the global technical textile market are provided to understand the global competitive scenario.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
Technical Textile Key Market Segments:
By Type
Woven
Nonwoven
Others
By Material
Uniform
Composite
By End-use Application
MobilTech
InduTech
SportTech
BuildTech
HomeTech
ClothTech
MediTech
AgroTech
ProTech
PackTech
GeoTech
OekoTech
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
South Korea
Australia
Taiwan
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Rest of LAMEA
The global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. A technical textile is a type of material, which is developed to meet the specified high-performance needs of a particular application. In addition to their aesthetic characteristics, technical textile products and materials possess enhanced mechanical, electrical, durable, thermal, and functional properties which makes them usable in various end-use industries such as automotive, construction, industrial, medical and others.
The global technical textile market is witnessing significant growth, owing to extensive applications of technical textiles across various end-use industries such as agriculture, clothing, packaging & furnishing, automobiles, filtration, construction, and environmental protection.
The technical textile market is expected to grow at a significant rate during the forecast period, due to rise in demand for technical textile products across many countries. In addition, in the emerging economies, majority of the consumption of the technical textiles will be through imports, while some countries have their own production facilities.
The growth of the global technical textile market is driven by increase in production of automobiles, rise in construction activities, and upsurge in demand from the healthcare sector. Moreover, the market is expected to experience considerable growth with government legislations mandating the use of geosynthetic textiles in various infrastructure development projects.
Furthermore, increase in urbanization & industrialization, rise in income levels, expansion of production base, growth in middle class population, and surge in aging population are the macroeconomic factors that boost the market growth. However, protection policies such as high tariffs limit the demand for technical textile products to be exported. In addition, with high cost of raw materials and finished products, the pricing structure is affected, and is likely to remain a key challenge for market participants. Conversely, the emergence of new technologies such as e-textile, increase in importance for geotextiles, and development of the manufacturing sector are expected to provide an ample of opportunities for the product manufacturers during the projected period.
The global technical textile market is segmented based on type, material type, end-use application, and region. On the basis of type, the market is divided into woven, nonwoven, and others (weaving, knitting, and braiding). By material type, it is bifurcated into uniform and composite. Depending on end-use application, it is fragmented into the following sectors, namely, AgroTech, BuildTech, ClothTech, GeoTech, HomeTech, InduTech, MediTech, MobilTech, OekoTech, PackTech, ProTech, and SportTech. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players include DowDuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindoostan Mills. The other players operating in the global technical textile market are Low & Bonar, Lanxess, and Berry Global Group. Ahlstrom Corporation acquired Munksjo in November 2016 to expand its business in the technical textile market.
Key Benefits for Technical Textile Market:
The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the global technical textile market from 2017 to 2025 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
Profiles of leading players operating in the global technical textile market are provided to understand the global competitive scenario.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
Technical Textile Key Market Segments:
By Type
Woven
Nonwoven
Others
By Material
Uniform
Composite
By End-use Application
MobilTech
InduTech
SportTech
BuildTech
HomeTech
ClothTech
MediTech
AgroTech
ProTech
PackTech
GeoTech
OekoTech
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
South Korea
Australia
Taiwan
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Rest of LAMEA
Frequently Asked Questions about the Global Technical Textile Market
What is the estimated value of the Global Technical Textile Market?
What is the growth rate of the Global Technical Textile Market?
What is the forecasted size of the Global Technical Textile Market?
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Chapter: 1: INTRODUCTION
Chapter: 2: EXECUTIVE SUMMARY
Chapter: 3: MARKET OVERVIEW
Chapter: 4: GLOBAL TECHNICAL TEXTILE MARKET, BY TYPE
Chapter: 5: GLOBAL TECHNICAL TEXTILE MARKET, BY MATERIAL TYPE
Chapter: 6: GLOBAL TECHNICAL TEXTILE MARKET, BY END USE APPLICATION
Chapter: 7: TECHNICAL TEXTILE MARKET, BY REGION
Chapter: 8: COMPANY PROFILES
List Of Tables
List of Figures
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According to this report titled, 'Technical Textile Market, by Type, Material Type, and End-use Application: Global Opportunity Analysis and Industry Forecast, 2018-2025', the global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. The composite segment accounted for a major share of the global technical textile market in 2017, in terms of revenue.
Technical textiles are the materials, which are used for non-aesthetic purposes such as industrial protection, construction, and others. They find their application across various end-use industries such as construction, industrial, automotive, and others. The global demand for various technical textile products has increased continuously as a result of their expanding applications in various end-use industries. Majority of the demand for technical textile comes from end-use industries such as construction, sports, environmental protection, aerospace, automotive, protective clothing, and healthcare.
The growth of the global technical textile market is majorly driven by increase in product demand from automotive, construction, and geological end-use industries. Moreover, increase in awareness of industrial safety, rise in environmental awareness, and advances in medical technology are further expected to fuel the growth of this market. However, high cost of raw materials and increase in toxic waste generation during the product manufacturing restrain the market growth. Conversely, with the use of nonwoven textiles, pollution can be controlled to a great extent.
Based on type, the market is segmented into woven, nonwoven, and others (weaving, knitting, and braiding). Among all the types, the nonwoven technical textiles segment accounted for over a share of over 35% in 2017 and is anticipated to generate the highest revenue during the forecast period.
By material, the market is categorized into uniform material and composite materials. The composite materials segment is predicted to have a dominant share of over 55% in 2025
Depending on end-use application, the market is fragmented into AgroTech, BuildTech, HomeTech, InduTech, SportTech, PackTech, MobilTech, MediTech, ClothTech, GeoTech, ProTech, and OekoTech. MobilTech end-use application segments share is predicted to reach up to 20% by the end of 2025
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for nearly 25% of the revenue in 2017 and is expected to grow at a CAGR of 4.4% in the near future. Europe garnered a dominant position, with a share of nearly 26% in 2017.
Key Findings of the Technical Textile Market:
The North America technical textile market is projected to grow at a CAGR of nearly 4.7% during the forecast period, in terms of revenue.
The Europe technical textile market is anticipated to dominate the global market, in terms of revenue in the near future.
The global technical textile market for MobilTech dominated the market, with a share of over 22.76% in 2017.
The nonwoven technical textile segment is projected to dominate the global market in the years to come.
In 2017, Asia-Pacific held the dominant market share in the global technical textile market, in terms of revenue. China is the one of the leading manufacturers for automotive, which further drives the need for technical textiles, thereby supplementing the market growth. In addition, favorable investment policies and government initiatives to promote the use of technical textiles in the developing economies such as India and China are anticipated to fuel the market growth in this region. Additional key factors that fuel the market growth include the development of public infrastructure, growth of the healthcare sector, and rapid urbanization.
Some of the major players operating in the global market include DowDuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindoostan Mills. The other players are Low & Bonar, Lanxess, and Berry Global Group. Various strategies, such as acquisition, product launch, and others, have been adopted by these key players to strengthen their foothold in the competitive market. For instance, Ahlstrom Corporation acquired Munksjo in November 2016 to expand its business in the technical textile market.
Technical textiles are the materials, which are used for non-aesthetic purposes such as industrial protection, construction, and others. They find their application across various end-use industries such as construction, industrial, automotive, and others. The global demand for various technical textile products has increased continuously as a result of their expanding applications in various end-use industries. Majority of the demand for technical textile comes from end-use industries such as construction, sports, environmental protection, aerospace, automotive, protective clothing, and healthcare.
The growth of the global technical textile market is majorly driven by increase in product demand from automotive, construction, and geological end-use industries. Moreover, increase in awareness of industrial safety, rise in environmental awareness, and advances in medical technology are further expected to fuel the growth of this market. However, high cost of raw materials and increase in toxic waste generation during the product manufacturing restrain the market growth. Conversely, with the use of nonwoven textiles, pollution can be controlled to a great extent.
Based on type, the market is segmented into woven, nonwoven, and others (weaving, knitting, and braiding). Among all the types, the nonwoven technical textiles segment accounted for over a share of over 35% in 2017 and is anticipated to generate the highest revenue during the forecast period.
By material, the market is categorized into uniform material and composite materials. The composite materials segment is predicted to have a dominant share of over 55% in 2025
Depending on end-use application, the market is fragmented into AgroTech, BuildTech, HomeTech, InduTech, SportTech, PackTech, MobilTech, MediTech, ClothTech, GeoTech, ProTech, and OekoTech. MobilTech end-use application segments share is predicted to reach up to 20% by the end of 2025
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for nearly 25% of the revenue in 2017 and is expected to grow at a CAGR of 4.4% in the near future. Europe garnered a dominant position, with a share of nearly 26% in 2017.
Key Findings of the Technical Textile Market:
The North America technical textile market is projected to grow at a CAGR of nearly 4.7% during the forecast period, in terms of revenue.
The Europe technical textile market is anticipated to dominate the global market, in terms of revenue in the near future.
The global technical textile market for MobilTech dominated the market, with a share of over 22.76% in 2017.
The nonwoven technical textile segment is projected to dominate the global market in the years to come.
In 2017, Asia-Pacific held the dominant market share in the global technical textile market, in terms of revenue. China is the one of the leading manufacturers for automotive, which further drives the need for technical textiles, thereby supplementing the market growth. In addition, favorable investment policies and government initiatives to promote the use of technical textiles in the developing economies such as India and China are anticipated to fuel the market growth in this region. Additional key factors that fuel the market growth include the development of public infrastructure, growth of the healthcare sector, and rapid urbanization.
Some of the major players operating in the global market include DowDuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindoostan Mills. The other players are Low & Bonar, Lanxess, and Berry Global Group. Various strategies, such as acquisition, product launch, and others, have been adopted by these key players to strengthen their foothold in the competitive market. For instance, Ahlstrom Corporation acquired Munksjo in November 2016 to expand its business in the technical textile market.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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