Technical Textile Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

The global technical textile market is expected to grow at CAGR of 8.0 % within the forecast period of 2021 to 2029. The demand for textile is increasing as per the needs & its application. Consumers are expecting better quality of textiles along with their sustainable property. These textiles are known for their superior characteristics over their traditional equivalents and are utilized for specific functionalities. Characteristics and features such as superior technical performance, higher strength and versatility make them desirable for numerous commercial use, domestic use and industrial use. A major advance in textiles technology was the invention of polyamide, more commonly known as nylon. This synthetic material can be pulled into very thin strands when heated and spun just like natural textiles, and is now used extensively as a fabric in clothing. The technical textiles have high quality over other textiles. The industry grows significantly as there is wide range of application in the industry. Major brands in textile industry have emerged cause of technical textile & have gained growth in revenue over time. The trend in textile industry leads the technical textile to new highs ensuring wide application & sales. The technical industry is expected to grow over time.


Synthetic Polymer Leads the Technical Textile Market

Nowadays, natural fibres are used to replace synthetic fibres because of environmental concern as reinforced material in polymer composites for engineering materials. Synthetic polymer plays a vital role in textile industry as it has dynamic properties & is also known as sustainable material. Synthetic fibre-reinforced polymer composites provide high-strength & stiffness materials that are widely accepted as aerospace components and automotive industries. Synthetic polymers are made from raw materials such as petroleum, based on chemicals or petrochemicals. The application of synthetic polymer is used in bullet proof vests, heat resistant garments, high performance sporting goods, heavy-lifting lines, tow cables and so on. The synthetic polymer accounted for 60% of the market in 2019 and will grow significantly in future. Synthetic fibre followed by natural fibre, regenerated fibre & other fibres are used in various regions across globe.

Technology & Innovation Drives the Market

Technology & innovations leads the technical textile in wide range of application in constructions, medical, sports, industries, agriculture, mobile, automobile & apparel industries. The technology has made the technical material durable & sustainable. The global growth rate of technical textiles is about 4% per year greater than the growth of home and apparel textiles, which are growing at a rate of 1% per year. Currently, technical textile materials are most widely used in filters, clothing, furniture, hygiene, medical and construction products. Knitting, weaving, braiding, non-woven & tufting are the techniques used in production of technical textile. Other than these, Thermo-forming, 3D (Three Dimensional) weaving, 3D knitting, fabrics produced using nanotechnology, heat-set synthetics, finishing treatments (coating and lamination), handmade elements such as stitch/appliqué are some of the process used in wide range of application in the industry.

Technical Textile Market Revives During Pandemic

Pandemic affected the demand & manufacturing of technical textile, a there was extreme need for healthcare apparels along with mask on large scale. The demand & supply lowered in some industries & reached its peak in the medical sector. The chemicals required for production of technical textile were also affected. Post easing of lockdowns, led to increase in sales. The sales of textile have increased through online platforms & over the counter.

Key Players

Key players in the market include Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg & Co, Low & Bonar, Huntsman, Toyobo Co, Milliken & Company, SRF Limited, Koninklijke Ten Cate, International Textile Group, Baltex, GSE Environmental, Kama holdings limited. The key strategy used by these companies includes reduction of carbon footprint, reduction in water usage, recycling products & innovation.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.

Research Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

Key questions answered in this report

• What are the key market segments in current scenario and in the future by product categories?
• What are the key market segments in current scenario and in the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the Technical textile market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the Technical textile market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?

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