Introduction to Technical Textiles
Technical textiles are functional fabrics that are manufactured for non-aesthetic purposes. Owing to their properties such as high strength, enhanced mechanical resistance, superior insulation, elevated tenacity, and high thermal resistance, these textiles are mainly used for automotive applications, medical textiles, geotextiles, agro-textiles, and protective clothing. These fibers exhibit enhanced performance as compared to conventional textiles and include several natural and synthetic fibers such as Saran, Vinalon, Vinyon, Spandex, Modal, Twaron, Kevlar, Nomex, and others. Synthetic fibers are produced when natural fibers are treated with special materials to acquire physical properties of technical textiles to enhance strength as compared to manmade fibers. They are incorporated into industrial products such as flexible seals and diaphragms, electrical components and cables, acoustic and thermal insulation for other domestic appliances.
Market Size and Forecast
The global technical textile market is expected to witness a robust growth owing to the rising demand from end user industries for use as insulating products, rubber, floor covering, protective gear, and others. Moreover, factors such as the upsurge in demand for geotextile from developing economies, rise in demand for construction textiles, and increase in government initiatives to promote the use of technical textiles are expected to support the development of the market.
The global technical textile market is anticipated to record a significant CAGR over the forecast period i.e. 2020-2028. The market is segmented by material, process and by application. The application segment is further segmented into mobiltech, indutech, protech, buildtech, and packtech out of which, the mobiltech segment is anticipated to hold the leading shares in the global technical textile market owing to the increase in product consumption in the automotive sector coupled with a remarkable rise in demand for cars with high-end aspects. On the contrary, the composite segment of the material sector is anticipated to hold the largest share of the market on account of developments in the marine industry to facilitate the demand for glass fibers and a rise in demand for reinforced composites in the industrial & construction sectors. Additionally, the woven segment of the process sector is expected to witness modest growth owing to its convenience in automobile, construction, clothing, and other industries. CLICK TO DOWNLOAD SAMPLE REPORT
Growth Drivers
Rise in Government Initiative to Promote Technical Textiles
Various government and non-government initiatives are taken to promote the use of technical textiles to facilitate higher integration of technology into manufacturing processes and end-products. Different types of apparels made of technical textiles help manufacturers of different end user industries to keep their workforce safe in the factories, as the technical textiles are known to possess several beneficial characteristics over conventional textiles, that make them applicable for use in adverse environment conditions. Growing need for safety of workforce in the manufacturing industries, on the back of the growing concerns for the incidences occurred in workplaces, along with the stringent norms of the governments of nations globally to maintain strict workwear and uniforms code are anticipated to drive the growth of the global technical textile market.
Restraints
High Cost of Raw Material
The high cost of raw materials, which also impacts the price of finished goods, and therefore low profitability for the manufacturer of technical textiles, along with factors such as the increase in toxic waste generation during the production of these materials are anticipated to hinder the growth of the market over the forecast period.
Market Segmentation
Our in-depth analysis of the global technical textile market includes the following segments:
By Material
- Uniform
- Composite
By Process
- Woven
- Knitted
- Non-Woven
By Application
- Mobiltech
- Indutech
- Protech
- Buildtech
- Packtech
By Region
On the basis of regional analysis, the global technical textile market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
Asia-Pacific is anticipated to hold the leading share of the market owing to the growing demand for apparel and functional clothing coupled with the expansion of residential, commercial, and industrial sectors, on account of sustainable economic growth. The European market is projected to witness rapid growth over the forecast period owing to the upsurge in the adoption of technical textiles in the medical, industrial, home textiles, and automotive sectors.
The global technical textile market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Berry Global Group, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- DuPont de Nemours, Inc.
- Asahi Kasei Advance Corporation
- Mitsui Chemicals, Inc.
- Freudenberg SE
- Low & Bonar
- Huntsman International LLC
- Milliken & Company
- SRF Limited
- Lanxess AG
