Global Technical Textile Market

Technical Textile Market Size, Share, Growth Analysis, By Material(Natural Fiber, Synthetic Polymer), By Manufacturing Process(Thermo-forming, 3D Weaving), By Product Form(Fabric, Fiber And Yarn), By Application(Agro Textiles, Buildtech Textiles) - Industry Forecast 2024-2031

Report ID: SQMIG25M2007 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 129 | Figures: 77

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Technical Textile Market size was valued at USD 188.81 billion in 2022 and is poised to grow from USD 197.68 billion in 2023 to USD 285.46 billion by 2031, at a CAGR of 4.70% during the forecast period (2024-2031).

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 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. 'DuPont de Nemours, Inc.', 'Freudenberg SE', 'Johns Manville', 'Ahlstrom-Munksjö Oyj', 'Kimberly-Clark Corporation', 'Berry Global, Inc.', 'HUESKER Group', 'TWE Group GmbH', 'Beaulieu Technical Textiles', 'Low & Bonar PLC', '3M Company', 'Teijin Limited', 'Toyobo Co., Ltd.', 'Milliken & Company', 'Asahi Kasei Corporation', 'GSE Environmental, LLC', 'TenCate Geosynthetics Americas', 'Saint-Gobain S.A.', 'SRF Limited', 'W. L. Gore & Associates, Inc.'

The increased use of technical textiles and associated products is being encouraged by growing knowledge of their improved functioning and applications. The increased adaptability of unconventional textile value has prompted traditional manufacturing to speed up innovation and improve traditional fibres by supporting the technological development of textiles. The shift is linked to the increase in demand for products with higher features such personal safety, high strength, and lightweight as well as flexibility and durability. Thus, increased adaptability and awareness regarding the products are driving market growth.

The textile sector has experienced rapid expansion in the majority of its product categories thanks to technological advancement, particularly in the case of technical textiles. It is anticipated that new technologies would lower production costs, making the manufacture of technical textiles financially viable. We can now make technical textile fibres with the practical qualities needed for technical textiles thanks to advancements in the spinning, weaving, and knitting industries, such as melt spinning, thermoforming, and three-dimensional weaving and wet spinning. High performance fibre manufacturing has its roots in technologically developed nations like the US, Japan, Canada, and several European nations and is advancing in emerging nations like India, China, and Korea.

AsiaPacific dominated the 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.

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Global Technical Textile Market

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