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The technical textiles market in Europe is estimated to grow at a CAGR of 4.54% between 2022 and 2027. The size of the market is forecast to increase by USD 8.5 billion. The growth of the market depends on several factors, including increasing demand for technical textiles in the European Union, growing demand in the healthcare industry, and the rise in demand for lightweight and fuel-efficient transportation vehicles.
This report extensively covers market segmentation by application (mobiltech, indutech, sporttech, buildtech, and others), and product (woven, composites, and nonwoven). 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 growing demand in the healthcare industry is notably driving the market growth, although factors such as rising sustainability concerns and varying environment-related mandates 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 In Europe Driver
The growing demand in the healthcare industry is notably driving market growth. The combination of advanced textile technology and medical sciences has resulted in the creation of a new field known as medical textiles. Medical textiles are intended to eliminate pain and discomfort. Textile products for medical applications include fibers, yarns, woven, knitted, nonwoven, PTFE felts, and mesh, among other things. With the development of new types of textile fibers and manufacturing technologies for yarns and fabrics, new areas of application for medical textiles have been identified. experienced by patients and allow them to be comfortable.
Bedsheets, furniture, and healthcare upholstery, filtration and abrasive materials, thermal protection and blood-absorbing materials, belts, adhesive tapes, and other specialized products and applications are all examples of technical textiles used in the healthcare sector. In other words, technical textiles in this industry are more concerned with specific functional requirements than with aesthetics and comfort. All of these factors are likely to fuel the demand for technical textiles thereby boosting the regional market growth during the forecast period.
Significant Technical Textiles Market In Europe Trend
The emergence of new technology is an emerging trend in the market. For several years, the global textile industry has been undergoing a significant digital transformation as a result of increased consumer demand for personalized products, the connectivity of textile manufacturing devices via IoT applications, and increased automation of production and logistics processes. Technological advancements have resulted in new business models and opportunities for textile manufacturing companies. Furthermore, material-related innovations have resulted in the introduction of intriguing new solutions, such as the use of waste from citrus peels, milk, pineapple, and coffee grounds to produce new materials for manufacturing apparel.
The European textile industry has been pushed to become more innovative. Many textile companies outsource their R&D activities, which has led to the fragmentation of the innovation process (with a focus on ad-hoc rather than continuous initiatives), thereby driving the demand in the technical textile market. Hence, advances in technology will boost market growth during the forecast period.
Major Technical Textiles Market In Europe Challenge
The rising sustainability concerns and varying environment-related mandates are major challenges impeding market growth. Sustainability and transparency are becoming increasinglythe important priorities in the European textile sector, reflecting growing consumer and business concerns about how to mitigate their negative impact on the environment. Consumers and industry players are increasingly demanding more environment-friendly textiles.
Textile production has historically been one of the most polluting industrial sectors. It accounts for about one-fifth of all industrial water pollution worldwide. The textile industry makes extensive use of chemicals, many of which are carcinogenic. Many harmful chemicals, such as heavy metals and formaldehyde, are released into water streams and soil, while toxic gases, such as suspended particulate matter and sulfur dioxide, are released into the atmosphere. These hazardous substances have the potential to cause diseases and serious health problems in people, such as respiratory and cardiovascular diseases. Pollution from textile manufacturing units worldwide, including those dealing with textile polymers, auxiliaries, and dyes, has caused unimaginable harm to the environment. Thus, the severe environmental impact of technical textiles will hinder the growth of the market in Europe during the forecast period.
Key Technical Textiles Market In Europe Customer Landscape
The 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 in Europe 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.
Baltex - The company operates under one segment. The company under this segment manufactures textiles such as mesh fabrics, natural fiber fabrics, and regen fabrics. The key offerings of the company include technical textiles.
The 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 mobiltech segment will be significant during the forecast period. Mobiltech textiles are technical textiles used in the automotive or transportation industries. The term "Mobiltech textiles" refers to textiles that incorporate automotive textile technology. It covers a wide range of automotive applications and parts (including aerospace, aircraft, railway, and marine vehicles).
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The mobiltech segment was valued at USD 7.25 billion in 2017 and continued to grow until 2021. Mobiltech has the most vibrant and promising market share in the vehicle industry. It is a growing field for the practical application of technological fabrics. The automotive industry is the sole consumer of technical textiles, accounting for approximately 1.5 million tonnes per year. The majority of mobiltech's market share is determined by five automotive applications, namely, tires, carpets, seat bolsters, seat belts, and airbags. Technical textile manufacturers are now using more natural fibers, recycled fibers, and composite textile materials for various applications in automobiles. Lighter items made from composite textile materials have increased fuel efficiency in vehicles. They have also increased manufacturers' production while also making automobiles more environment-friendly and sustainable. Thus, owing to such factors the segment is expected to grow 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.
Technavio categorizes the technical textiles market in the EU as a part of the global textiles market within the global textiles, apparel, and luxury goods market. The parent global textiles market covers a variety of product categories (textiles) used for various applications, including fashion, technical, home furnishings, and others. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Technical Textiles Market In Europe Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.54% |
Market growth 2023-2027 |
USD 8.5 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.19 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arville Textiles Ltd., Asahi Kasei Corp., Baltex, Beaulieu Technical Textiles, Carvico Spa, Fothergill Group, Freudenberg SE, Huntsman Corp., JAMES DEWHURST, JUTA a.s, Kimberly Clark Corp., MEHLER ENGINEERED PRODUCTS GMBH, Mitsui Chemicals Inc., Palmhive Technical Textiles Ltd., Sidogras S.A., Statex Production and Sales GmbH, TECH FAB Europe e.V., Tirotex Textile Co., Toray Industries Inc., and Willy Hermann SUPERFINE GmbH and Co KG |
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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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