Technical Textiles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global technical textile market is experiencing significant growth, with a wide range of applications propelling its expansion. According to an upcoming research report by Fairfield Market Research, the market is poised to benefit from growing investments in healthcare, military, and agriculture sectors. Technical textiles find extensive usage in industries such as construction, aerospace, automotive, healthcare, and defense, and their demand is expected to rise due to increased investments in protective gear and sophisticated PPE kits, especially in response to geopolitical tensions and the outbreak of COVID-19.
Agro Textiles: A Boon for Agrarian EconomiesThe use of agro textiles, including nonwovens, wovens, and knitted fabrics, is expected to drive the growth of the technical textile market, particularly in agrarian economies like India and China. These materials offer resistance to solar and ultraviolet radiation, water retention capabilities, crop protection, and windshields, making them essential for modern agriculture. As countries strive to tackle the food crisis and meet rising demand, the sales of agro textiles are expected to witness significant growth in the coming years.
Technical Textiles in Sports: Unleashing New OpportunitiesTechnical textiles play a vital role in the sports segment of the global market. The increasing participation in sporting activities across the globe has created numerous opportunities for technical textiles. These textiles allow the development of state-of-the-art sportswear that helps understand a player's posture, balance, and stance better. With sensors like plastic optical fiber (POF) functional fabrics, real-time physiological information of the wearer can be tracked. Technical textiles are prized for their super water-resistant qualities and lightweight structure, making them ideal for various sports such as hiking, mountaineering, cycling, skiing, cricket, tennis, and more.
Asia Pacific: A Fertile Ground for Technical TextilesAsia Pacific is showing keen interest in technical textiles due to high industrial growth across all sectors. Countries like India, China, and Japan are witnessing fast-emerging economies that are expected to significantly contribute to the technical textiles market. The increasing demand for functional clothing in sectors like sports and medicine is expected to drive the uptake of technical textiles. Additionally, rising defense expenditure on sophisticated ballistic vests and protective clothing is fueling the demand for technical textiles. The use of agro-tech textiles to improve yield and geotech textiles is also expected to make a significant contribution to the region's technical textile market.
Key Players in the Global Technical Textile MarketThe global technical textiles market is led by prominent players such as Asahi Kasei Corp., DuPont, Berry Global Group Inc., Freudenberg Group, Elevate Textiles Inc., Kimberly-Clark Koninklijke Ten Cate B.V., Huntsman International LLC, Low & Bonar, Milliken & Co., Toyobo Co. Ltd., and Mitsui Chemicals Inc. These players are expected to focus on mergers and acquisitions to widen their market share and cater to the growing demand for technical textiles.
Please Note: It will take 5 business days to complete the report upon order confirmation.
Please note: The PDF e-mail from publisher version of this report is for a global site license.