Technical Textiles Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Technical Textiles Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Technical Textiles Market

The technical textiles market size was valued at USD 213.68 billion in 2022, and the market is now projected to grow from USD 225.99 billion in 2023 to USD 346.67 billion by 2030, exhibiting a CAGR of 6.3% during the forecast period of 2023-2030.

The manufacture of textiles was hampered by the raw material shortage during this period. This, in turn, disrupted the entire supply chain and hindered market expansion. However, a gradual recovery is anticipated in the upcoming years, supported by the mitigation efforts implemented by key manufacturers and the global market as a whole. Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the technical textiles market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic.

Numerous benefits combined with constantly changing technology will propel technical textiles market growth during forecast period. The market has grown as a result of growing technological breakthroughs and increased technical textile usage due to its many advantages. Furthermore, the range of technical textiles is growing as a result of the industrial sectors' ongoing technological advancements and product innovations. These days, textile producers are implementing a number of technologies, including digital printing, pleating, and knitting machines, to satisfy the demands of the worldwide market. For example, the medical field has long benefited from the requirement for biocompatible, implantable, long-lasting, and lightweight materials in a variety of Meditech applications, ranging from straightforward bandages to long-term body implants. Global demand for 3D printing technology in the textile sector is also growing, suggesting even faster market expansion. The fashion industry's rapid growth has sped up the development of this technology. Nike, for example, is experimenting with 3D printing to make innovative shoes that look better when worn with soft apparel.

Geotextiles' increasing significance in supporting technical textiles market growth during forecast period. Moreover, the demand for eco-friendly fibers like jute and coir is driven by the growing trend of sustainability in the construction industry. For example, Asahi Kasei introduced Bemliese, a continuous-filament, cellulosic nonwoven, and ultra-sustainable fabric, to the North American market in July 2021. TÜV AUSTRIA Belgium NV has certified this cloth as biodegradable for use in agriculture.

Comprehensive Analysis of Technical Textiles Market

The technical textiles market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by Product Type and by Fiber Type. The By Product Type segmentations include Clothtech, Agrotech, Buildtech, Hometech, Indutech, Meditech, Mobiltech, Packtech, Geotech, Protech, Sportech, and Oekotech, By Fiber Type segmentations include Natural and Synthetic.

The Asia Pacific region lead the technical textiles market by benefitting a market size of USD 76.98 billion in 2022 due to numerous benefits combined with constantly changing technology and Geotextiles' increasing significance in supporting technical textiles.

The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, DuPont de Nemours, Inc. (U.S.), Freudenberg Group (Germany), TenCate Fabrics (Netherlands), Asahi Kasei Company (Japan), Milliken & Company (U.S.), SKAPS Industries (U.S.), DELCOTEX DELIUS TECHTEX GMBH & CO. KG (Germany), Terram (Berry Global) (U.K.), International Fibres Group (U.K.), Officine Maccaferri S.P.A (Italy), Strata Geosystems (India), HUESKER Group (Italy), SRF Limited (India), Arrow Technical Textiles Private Limited (India), Johns Manville (U.S.) these market players provide a level-playing competitive landscape.

In November 2022, Bemberg, a product category of Asahi Kasei Corporations, introduced a new line of goods and collaborations to enhance its smart fashion offering. The company's applications for the luxury and fashion industries, such as knitwear, casualwear, and jerseys, are expanded by this new offering.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Unit Value (USD Billion), Volume ( Kiloton)

Growth Rate CAGR of 6.3% during 2023-2030

Segmentation By Product Type

Agrotech

Buildtech

Clothtech

Geotech

Hometech

Indutech

Meditech

Mobiltech

Packtech

Protech

Sportech

Oekotech

By Fiber Type

Natural

Synthetic

By Geography

North America (By Product Type, By Fiber Type, By Country)

U.S. (By Fiber Type)

Canada (By Fiber Type)

Europe (By Product Type, By Fiber Type, By Country)

Germany (By Fiber Type)

U.K. (By Fiber Type)

France (By Fiber Type)

Italy (By Fiber Type)

Rest of Europe (By Fiber Type)

Asia Pacific (By Product Type, By Fiber Type, By Country)

China (By Fiber Type)

Japan (By Fiber Type)

India (By Fiber Type)

ASEAN (By Fiber Type)

Rest of Asia Pacific (By Fiber Type)

Latin America (By Product Type, By Fiber Type, By Country)

Brazil (By Fiber Type)

Mexico (By Fiber Type)

Rest of Latin America (By Fiber Type)

Middle East & Africa (By Product Type, By Fiber Type, By Country)

GCC (By Fiber Type)

South Africa (By Fiber Type)

Rest of Middle East & Africa (By Fiber Type)


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