Technical Textiles

Technical Textiles

Global Technical Textiles Market to Reach US$276.8 Billion by 2030

The global market for Technical Textiles estimated at US$198.9 Billion in the year 2023, is expected to reach US$276.8 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Woven Technical Textiles, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$109.3 Billion by the end of the analysis period. Growth in the Non-Woven Technical Textiles segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$49.4 Billion While China is Forecast to Grow at 6.7% CAGR

The Technical Textiles market in the U.S. is estimated at US$49.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$58.9 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Technical Textiles Market - Key Trends & Drivers Summarized

Technical textiles are engineered materials designed to meet stringent and specific functional requirements of various industries. These textiles are not intended for aesthetic purposes but are developed primarily for their performance and functional properties. They cover a broad spectrum of applications including agriculture, construction, healthcare, automotive, and protective clothing. For instance, in the automotive sector, technical textiles are used for their heat resistance and strength in airbags and seat belts. In construction, they are utilized to reinforce buildings against seismic activities or to produce geotextiles for stabilizing roadways. The versatility of technical textiles is supported by their composition, which can include synthetic fibers like polyester and nylon, or highly specialized materials such as aramids and glass fibers, chosen for their specific properties such as strength, flexibility, heat resistance, and water resistance.

The field of technical textiles is heavily driven by research and development, leading to innovations that continually expand their applications. One of the significant trends in this area is the development of smart textiles equipped with technologies that allow for connectivity and data collection. These smart textiles have sensors embedded within them and are used in health monitoring, for example, by measuring vital signs in medical patients or tracking the performance and stress levels in athletes. Another important innovation trend is sustainability, focusing on developing eco-friendly materials and processes to produce technical textiles. This includes recycling used materials, reducing the use of water and energy during production, and using biodegradable fibers. These advancements not only improve the efficiency and scope of technical textiles but also align with the global push towards more sustainable industrial practices.

The growth in the technical textiles market is driven by several factors, including the rising demand for innovation in the medical, automotive, and construction industries, regulatory standards mandating the use of safety textiles, and consumer behavior trends towards more durable and functional materials. The healthcare sector, for example, increasingly relies on technical textiles for surgical drapes, gowns, and implants that meet high standards of hygiene and protection. In the automotive industry, stringent safety regulations drive the need for high-performance textiles in airbags and seat belts. Moreover, the growing awareness and demand for environmental sustainability encourage the development and use of eco-friendly technical textiles across various sectors. These trends are bolstered by technological advancements that enhance the properties and functionalities of technical textiles, making them integral to a wide array of industrial applications. The combination of regulatory pressures, technological progress, and evolving industry needs ensures the continuous expansion of the technical textiles market, marking it as a crucial component in the advancement of modern material science and engineering.

Select Competitors (Total 159 Featured) -

• DuPont de Nemours, Inc.
• Compagnie de Saint-Gobain S.A.
• DSM Nutritional Products AG
• Beaulieu International Group
• Aksa Akrilik Kimya Sanayii AS
• Asiatic Fiber Corporation
• Agru America, Inc.
• AccuGeo Liner, Inc.
• ACE Geosynthetics
• Advanced Drainage Systems, Inc.
• Alyaf Industrial Co., Ltd.
• Auburn Manufacturing, Inc.
• Carthage Mills, Inc.
• Don & Low Ltd.
• Arville Textiles Ltd.

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