by Precedence Research a new report on technical textile Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global technical textile market size was valued at US$ 175.73 billion in 2019. The global technical textile market is projected to reach US$ 251.82 billion by 2027, registering a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2020 to 2027.
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Table of Contents
Technical Textile market Growth Factors:
Increasing awareness of technical textile regarding its benefits compared to traditional textiles is considered as a major factor that is likely to boost the market growth. Some of its unique functional properties include durability, cost-effectiveness, low weight, high strength, versatility, eco-friendly, and logistical convenience. Hence, it is large used for wide range of applications that include automotive, construction, aerospace, packaging, apparel, agriculture, medical, and many others.
Growth in the automotive industry is likely to propel the demand for technical textile owing to its increased application for protective gears, floor covering, roof & door liners, tyres, safety devices, and seat covers. Nearly 50 square yards of the textile material is used on an average for interior trim of a car, thus increasing sale of vehicles is directly proportional to the increasing demand for automotive textiles.
Other than automotive, technical textiles are significantly used in agricultural applications because of its excellent mechanical properties, environmental resistance, easy processability as well as environmental durability characteristics that can enhance the quantity, quality, and safety of the agricultural products.
It prevents the soil from drying out, thereby improving the product quality and increasing the crop yield. Furthermore, the specific textile also protects farmers from harmful chemicals as well as protects from climatic changes and its adverse effects. The aforementioned factors are likely to impel the market growth for technical textiles in the forthcoming years.
Technical Textile Market Report Scope
| Report Highlights | Details |
| Market Size | USD 251.82 Billion by 2027 |
| Growth Rate | CAGR of 4.6% From 2020 to 2027 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2020 to 2027 |
| Segments Covered | Manufacturing, End-use |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
The global technical textile market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per technical textile, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
technical textile Market Report Highlights
- The Asia Pacific led the market, accounting for nearly half of the value share in 2019 owing to the increasing demand for functional clothing and apparel in the region
- Europe examined to register an exponential growth during the analysis period owing to the increasing demand for technical textiles in fashion &clothing and household applications
- 3D weaving manufacturing technology held a market share of around 24% in 2019 attributed to the larger implementation of 3D weaving manufacturing technology in various industries
- 3D knitting manufacturing method registers escalating growth over the forecast timeframe as it permits improvements and alterations in the user interface
- Hometech textiles segment captured the highest value share of around 20% in 2019 because of its large application in household products
- Agro textiles witnesses prominent growth over the upcoming years because of its wide used in agriculture sector due to its functional benefits
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Some of the prominent players in the technical textile market include:
- B&V Agro Irrigation Co.
- Ludvig Svensson
- Diatex
- Asahi Kasei Advance Corporation
- Mitsui Chemicals, Inc.
- Gromax Industries
- Huntsman International LLC
- Arrigoni S.p.A.
- Tessitura Boscato S.R.L.
- Hucktek – Huck Nets (UK) Ltd.
- MDB Texinov
- Low & Bonar PLC
- Beniplast Benitex SA
- Freudenberg Group
- Ahlstrom-Munksjo
Technical Textile market Segmentation
By Manufacturing
- 3D Weaving
- Thermo-forming
- 3D Knitting
- Heat-set Synthetics
- Nanotechnology
- Hand-made Elements
- Finishing Treatments
- Others
By End-use
- Buildtech Textiles
- Agro Textiles
- Indutech Textile
- Medtech Textile
- Hometech Textile
- Packtech Textile
- Transtech Textile
- Protech Textile
- Clothtech Textile
- Sportech Textile
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the technical textile market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global technical textile market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global technical textile market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global technical textile market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global technical textile market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for technical textile are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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