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The Technical Textiles Market Size is estimated to grow at a CAGR of 4.92% between 2022 and 2027. The size of the market is forecast to increase by USD 59.78 billion. The growth of the market depends on several factors, including the increasing use of technical textiles in the industrial manufacturing sector, the rising importance of healthcare and hygiene, and the increasing focus on Sports.
This report extensively covers market segmentation by application (Mobiltech, Indutech, Sporttech, Buildtech, and others), product type (woven, composites, and nonwoven), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising importance of healthcare and hygiene is notably driving the market growth, although factors such as the lack of availability of skilled workforce may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Technical Textiles Market Driver
The growth of the healthcare and hygiene market is being driven by increasing awareness and importance of personal health and hygiene. Over the past decade, the world's per capita income has risen, leading to an increase in people's disposable income. With the increasing risk of pollution and diseases, people are becoming more conscious about their health and seeking cleaner and healthier lifestyles. This has led to a rise in demand for hygiene products such as wipes, face masks, diapers, tooth floss, ear buds, and sanitary napkins, which require technical textiles in their manufacturing process.
The growth in demand for technical textiles is also being driven by the expansion of coverage, services, and spending by both public and private players in the healthcare industry. Medical devices such as surgical dressings, disposable bed sheets, sutures, medical gowns and masks, artificial valves, and artificial hearts require the use of technical textiles. Thus, these factors are expected to contribute to the growth of the global healthcare and hygiene market during the forecast period.
Significant Technical Textiles Market Trend
The global market is witnessing an emerging trend of increasing use of geotechnical textiles. These technical textile products are specifically designed for geological applications, involving natural elements such as rock, soil, etc., in civil engineering projects. Geotechnical textiles are made using both natural and synthetic fibers with various techniques like weaving, knitting, and non-woven. With unique technical properties such as inertial strength, drapability, low extensibility, ecological efficiency, fineness, and customizable fabric, geotechnical textiles are gaining popularity in both domestic and international markets. Additionally, they are also commercially beneficial as they provide easy access to the customized fabric at a comparative cost. The frequent employment of geotechnical textiles globally for managing infrastructure risks caused by natural disasters and deterioration is expected to drive the growth of the global market during the forecast period. Geosynthetics, which are mostly made using synthetic polymers like polypropylene, polyester, and polyethylene, are used with geotechnical materials such as soil and rock to create products such as geotextiles, geogrids, geonets, meshes, and geocomposites.
Major Technical Textiles Market Challenge
The lack of availability of a skilled workforce is a major challenge impeding market growth. Technical textiles is a very diverse field that uses many manufacturing procedures to create various goods. These procedures call for people with specialized skill sets which are not already present in the domestic business.
Most government initiatives for workforce development concentrate on fundamental textiles like spinning, weaving, and clothing production. For technical textiles, no such specialized curricula have been devised. It is urgently necessary to set up particular forums for dialogue between businesses and academics to build specialized curricula for technical textiles to address this problem. Additionally, the government might adjust its programs for developing human resources to better suit the needs of the technical textiles sector. Thus, the lack of availability of a skilled workforce can become a major challenge for the growth of the global market during the forecast period.
Key Technical Textiles Market Customer Landscape
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Technical Textiles Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Duvaltex Inc. - The company under this segment offers textile solutions for commercial, hospitality, and institutional purposes. The key offerings of the company include technical textile products.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the mobile segment will be significant during the forecast period. Technical textiles utilized in the automotive or transportation industries are referred to as mobile textiles. The term 'mobile' refers to textiles with integrated automotive textile technology. It covers a broad spectrum of automotive applications and parts (including aerospace, aircraft, railways, and marine vehicles). It encompasses more than the notion of isolation and safety. It also focuses on comfort and style.
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The mobiltech segment was valued at USD 45.97 billion in 2017 and continued to grow until 2021. In the vehicle business, mobiltech has the most vibrant and prospective market share. It is a developing field for the practical use of technological fabrics. The five applications in the automotive sector that determine the majority of mobiltech's market share include tires, carpets, seat bolsters, seat belts, and airbags. To construct autos, textile manufacturers are now using more natural fibers, recycled fibers, and textile composite materials. Furthermore, to increase fuel efficiency, lighter items have been made from textile composite materials. This has increased its growth rate and has made it more ecologically friendly and sustainable. Today, the use of textile composite materials in mobile technology has risen for comfort and interior trim, as well as reinforcement in things like tires and filters. Thus, the increasing use of technical textiles in the automotive industry is expected to drive the growth of the segment in the global market during the forecast period.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Owing to factors like rapid urbanization and technological advancements in the healthcare, automotive, and construction industries, APAC has experienced tremendous growth in this sector and currently holds the largest market share. Easy production, inexpensive labor, and favorable government policy support further encourage this. China has been able to maintain its dominance as the world's top producer of textiles and apparel. China's textile industry has remained robust and prosperous despite setbacks like decreased exports of textiles and apparel and rising competition from nations like India. China's ability to produce and meet market demand for cutting-edge technical textiles is one specific development that will set it apart from its rivals in the near future. This will have a positive impact on market growth.
India's advantages in traditional textiles and natural fibers have already been identified globally. India is now emerging as a key player in the technical textiles industry and contributes to a market size of USD 19 billion. Technical textiles are a rapidly expanding sub-segment used in many industries. Technical textiles are used extensively in a variety of sectors, including agriculture, construction, sportswear, healthcare, etc. India's rapid modernization and manufacturing competitiveness are two of the main factors driving this market's expansion. Therefore, the abovementioned factors will drive the market growth during the forecast period.
The COVID-19 outbreak in 2020 led to a decline in the demand for technical textiles from several end-user industries. However, the demand for technical textiles increased significantly during the pandemic for making different personal protective equipment (PPE), such as N-95 masks. This positively impacted the growth of the market in 2020. Moreover, the lockdown restrictions were lifted by the end of 2020 owing to large-scale vaccination drives across APAC. This led to the resumption of operation in different end-user industries in 2021, which increased the demand for technical textiles used for various applications. Additionally, the government in the region is especially taking several steps to boost the manufacturing of technical textiles due to its growing importance. For instance, a National Technical Textiles Mission has been established by the prime minister and his Cabinet Committee on Economic Affairs (CCEA), paying close attention to the issue. Its goal is to increase the domestic market to USD 40 to USD 50 billion industry by 2024 through market development, market promotion, international technical collaborations, investment promotion, and the Make in India initiative. Hence, such factors are expected to drive the market's growth in APAC during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technical Textiles Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.92% |
Market growth 2023-2027 |
USD 59.78 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.58 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Ahlstrom Munksjo, Asahi Kasei Corp., Berry Global Inc., Don and Low Ltd., DuPont de Nemours Inc., Duvaltex Inc., Elevate Textiles Inc., Freudenberg Performance Materials, Heytex Bramsche GmbH, Hindoostan Mills Ltd., HUESKER Synthetic GmbH, Huntsman Corp., Indian Technical Textile Association, Milliken and Co., Mitsui Chemicals Inc., SKAPS Industries Inc., SRF Ltd., Toray Industries Inc., and Toyobo Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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