The technical textile market size is estimated to reach US$ 251.82 billion by the end of 2027, registering a CAGR of 4.6% from 2020 to 2027. The report provides the overall revenue of the global technical textile market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.
Technical textiles are the products that have higher performance qualities compared to conventional textiles. Types of materials used in manufacturing include synthetic and natural fibers. The synthetic fibers used for the technical textile application are manufactured through the implementation of some special chemical processes on different natural fibers to include some new properties to the fiber. These fibers possess greater qualities that include higher strength compared to manmade fibers; hence, they are largely used wide range of applications including automotive, medical, apparel, and others.
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- 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
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.
The Asia Pacific emerged as a front-runner in the global technical textile market accounting for a revenue share of nearly 46% in 2019 and expected to maintain its dominance over the forecast timeframe. The significant growth of the region is mainly attributed to the expansion of construction, industrial, apparel industry in the region. Escalating growth in the population has significantly boosted the growth of construction activity for both residential as well as commercial buildings. Residential construction expected to further augment the demand for home textiles; whereas, commercial construction is likely to drive the industrial textile.
On the contrary, Europe exhibits the fastest growth rate over the forthcoming years on account of rising construction activities along with surge in fashion & clothing applications. Additionally, rise in medical tourism, healthcare activities, and surge in aging population in the region are the other major factors that trigger the market growth for technical textiles in the region.
Report Scope of the Technical Textile Market
|Market Size||USD 251.82 Billion by 2027|
|Growth Rate||CAGR of 4.6% From 2020 to 2027|
|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|
|Companies Mentioned||B&V Agro Irrigation Co., LudvigSvensson, Diatex, Asahi Kasei Advance Corporation, Mitsui Chemicals, Inc., Gromax Industries, Huntsman International LLC, Arrigoni S.p.A., Tessitura Boscato S.R.L.|
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Key Players & Strategies
The technical textile industry is highly competitive because of large number of market players present in the market on both international as well as regional level. The market players are significantly involved in the product upgradation and enhancement to gain the competitive edge on the global scale. For the same, they invest notably in the research & development activity. For instance, in 2017, Ahlstrom-Munksjo introduced a breathable impervious fabric designed for clean room apparel protection and blood borne pathogens named Pure Armor. This assists the company in establishing a prominent position in the global market for technical textile.
Certain players operating in the technical textile market include:
- B&V Agro Irrigation Co.
- Ludvig Svensson
- 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
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of manufacturing, end-use, and region:
- 3D Weaving
- 3D Knitting
- Heat-set Synthetics
- Hand-made Elements
- Finishing Treatments
- Buildtech Textiles
- Agro Textiles
- Indutech Textile
- Medtech Textile
- Hometech Textile
- Packtech Textile
- Transtech Textile
- Protech Textile
- Clothtech Textile
- Sportech Textile
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Why Buy this Report?
The purpose of Precedence Research’s technical textile market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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