Technical Textile Market Report: Trends, Forecast and Competitive Analysis to 2030

Technical Textile Market Report: Trends, Forecast and Competitive Analysis to 2030

Technical Textile Trends and Forecast

The future of the global technical textile market looks promising with opportunities in the mobiltech, sportech, buildtech, hometech, clothtech, meditech, and agrotech applications. The global technical textile market is expected to reach an estimated $242.6 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are growing consumer preference for protective clothing and increasing use of lightweight materials in automotive manufacturing.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Technical Textile by Segment

The study includes a forecast for the global technical textile by material, technology, application, and region.

Technical Textile Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Natural Fiber
• Synthetic Polymer
• Mineral

Technical Textile Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Woven
• Knitted
• Non-Woven
• Others

Technical Textile Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Mobiltech
• Sportech
• Buildtech
• Hometech
• Clothtech
• Meditech
• Agrotech
• Others

Technical Textile Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Technical Textile Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies technical textile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the technical textile companies profiled in this report include-

• Asahi Kasei
• Kimberly Clarke
• Berry Global
• DuPont
• Mitsui Chemicals
• Low & Bonar
• Huntsman

Technical Textile Market Insights

Lucintel forecasts that synthetic polymer will remain the largest segment over the forecast period due to its rising use among industies given to its benefits including good quality and affordable cost.

Within this market, mobiltech will remain the largest segment due to expanding use of technical fabrics in the automotive industry, particularly in tire cables, seating upholstery, and seat belts.

APAC will remain the largest region over the forecast period due to rising demand for technical textiles from various end use industries, such as automobile, agriculture, geotextiles, industrial/military, medical/healthcare, and construction sector of the region.

Features of the Global Technical Textile Market

Market Size Estimates: Technical textile market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Technical textile market size by material, technology, application, and region in terms of value ($B).

Regional Analysis: Technical textile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different materials, technologies, applications, and regions for the technical textile market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the technical textile market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the technical textile market size?

Answer: The global technical textile market is expected to reach an estimated $242.6 billion by 2030.

Q2. What is the growth forecast for technical textile market?

Answer: The global technical textile market is expected to grow with a CAGR of 6.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the technical textile market?

Answer: The major drivers for this market are growing consumer preference for protective clothing and increasing use of lightweight materials in automotive manufacturing.

Q4. What are the major segments for technical textile market?

Answer: The future of the technical textile market looks promising with opportunities in the mobiltech, sportech, buildtech, hometech, clothtech, meditech, and agrotech applications.

Q5. Who are the key technical textile market companies?

Answer: Some of the key technical textile companies are as follows:

• Asahi Kasei
• Kimberly Clarke
• Berry Global
• DuPont
• Mitsui Chemicals
• Low & Bonar
• Huntsman

Q6. Which technical textile market segment will be the largest in future?

Answer: Lucintel forecasts that synthetic polymer will remain the largest segment over the forecast period due to its rising use among industies given to its benefits including good quality and affordable cost.

Q7. In technical textile market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rising demand for technical textiles from various end use industries, such as automobile, agriculture, geotextiles, industrial/military, medical/healthcare, and construction sector of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the technical textile market by material (natural fiber, synthetic polymer, and mineral), technology (woven, knitted, non-woven, and others), application (mobiltech, sportech, buildtech, hometech, clothtech, meditech, agrotech, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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