Global Technical Textile Market Analysis & Trends - Industry Forecast to 2030
Technical Textile: Market Size
From $242.7 billion in 2024, the global Technical Textile market is projected to reach $434.8 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 10.2% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising demand for lightweight and fuel-efficient transportation vehicles, growing demand from emerging industrial markets, and increasing applications of geotextiles.
Global Technical Textile Market: Market Dynamics
Growing awareness regarding the superior functionality and application of technical textiles is encouraging the higher consumption of technical textiles and related products. The increasing adaptability of unconventional value in textiles has influenced traditional manufacturing to escalate the pace of innovation, and upgrade the traditional fibers by contributing to technical textile development. The change is attributed to accelerated demand for product which offers flexibility, durability and offers superior functionalities such as personal safety, high strength, and light weight.
On the other hand, the complex procedure of manufacturing is likely to obstruct the profit boundaries. In addition, advent of new technologies will further boost for the Technical Textile market.
Impact of COVID-19 on Technical Textile
The technical textile manufacturers around the globe are expanding their production capacity and investing in machinery to manufacture healthcare essentials in response to the COVID-19 pandemic. The increase in the number of cases worldwide and the growing need for healthcare workers are expected to boost the demand for disposable hospital supplies and nonwoven materials during the forecast period.
By Material
Synthetic Polymers/Fibers Segment Dominate the Market in 2024
The synthetic polymers/fibers segment made huge revenue in 2024 and growing its prominence during the forecast period. Factors such as low cost and high quality are driving the demand for synthetic polymers/fibers
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the increasing working population and rising domestic demand for hygiene products. Surging demand for effective sterilization and protective equipments against virus in Europe and North America amidst COVID-19 pandemic has boosted the demand and production of medical technical textiles in China.
List of the Key Players Profiled in the Market Include:
• Asahi Kasei Company • 3M • DuPont • Kimberly-Clark Corporation • Berry Global • Johns Manville • Mitsui Chemicals, Inc • Terram • SRF Limited • Helios Group • International Fibres Group • Milliken & Company • Strata Geosystems • Huesker • Huntsman Corporation (HUN)
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Product Analysis
1.6 Application Analysis
1.7 End User Analysis
1.8 Strategic Benchmarking
1.9 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Rising Demand for Lightweight and Fuel-Efficient Transportation Vehicles
4.1.2 Growing Demand from Emerging Industrial Markets