Global Technical Textiles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Technical Textiles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Technical textiles refer to textile materials and products that are designed and manufactured for technical characteristics and functionality. These products do not focus on their aesthetics and decoration. Technical textiles include automotive textiles, medical textiles (such as implants), geotextiles (dike reinforcement), agricultural textiles (textiles for crop protection) and protective clothing (for example, heat and radiation protection of firefighter clothing, melting Metal protection). Welders, stab and bulletproof vests and space suits).

Market Overview:

The latest research study on the global Technical Textiles market finds that the global Technical Textiles market reached a value of USD 281672.0 million in 2022. It’s expected that the market will achieve USD 494600.96 million by 2028, exhibiting a CAGR of 9.84% during the forecast period.

Technical Textiles Business Impact Assessment - Covid-19

The global impact of coronavirus disease (COVID-19) in 2019 will officially start in 2020 and will also affect the industrial textile market in recent months. COVID-19 is regarded as a pandemic by world organizations, and few countries are immune.
First, in the short term, the major consumer and producer countries in the world, such as the United States, Japan, and the United Kingdom, have all fallen into a quagmire. The severity of COVID-19 affects the normal production of enterprises as well as consumption and import and export between countries. It is expected that sales of technical textiles will not grow much in the short term, and may even shrink. At the same time, under the influence of the new Coronary Pneumonia (COVID-19), the working hours or services of most technical textile sales have changed. As the epidemic worsens, Lan ’s cross-border logistics services and flights around the world have been affected to a certain extent, so transportation has become a major problem.
Secondly, in the long run, when the epidemic is under control, the technical textile market has great potential. The technical textile industry will usher in a strong rebound, and there will certainly be no small growth, and sales of technical textiles will also increase. As long as the company can continuously update the performance of its products and attract consumers' attention, the development opportunities of the industry will become more and more optimistic.

Opportunities

and Drivers
Technical textiles are functional fabrics used in various industries, such as construction, home textiles, automotive, medical and many other industries, and their penetration in agriculture, automotive industry, electronics, aerospace, and medical industries continues to increase. The range of applications for technical textiles is very wide, from protective clothing to building insulation. Compared with traditional textiles, technical textiles are known for their superior performance and are used for special functions. High strength, versatility and excellent performance make technical textiles the choice of many industries and commerce.
Industry participants invest heavily in research and development to develop innovative products. New and existing industry participants are taking active measures to develop novel products to meet consumer demand and seize the market. This trend of continuous research and development and introduction of innovative products contributes to the rapid growth of the global market.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Berry Global, Freudenberg, Ahlstrom-Munksjö with the revenue market share of 1.54%, 1.20%, 0.71% in 2019.

Berry Global, Inc. manufactures and markets plastic packaging products. The Company provides agricultural films, drink cups, plates, bottles, bowls, jars, containers, lids, tubes, closures, and trash bags, as well as offers tapes, adhesives, and other packaging products. Berry Global serves customers worldwide.

Freudenberg Group offers tailor-made and technological products and services. The Company develops and manufactures seals, vibration control technology components, filters, nonwovens, surface treatment products, release agents and specialty lubricants, medical technology, and mechatronic products.

Segmentation Overview:

Among different product types, Mobiltech segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Achitechive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Technical Textiles market covered in Chapter 3:

Schoeller Textiles
TWE Group
Asahi Kasei
Freudenberg
Pegas Nonwovens
Lydall
Fitesa
Borgers
Beaulieu Technical Textiles
Huntsman
Johns Manville
Mitsui Chemicals
Protan
Suominen
DELFINGEN
Arville
Ahlstrom-Munksjö
Honeywell
Low & Bonar
3M
Don & Low
IBENA
Milliken
Global Safety Textiles
DowDuPont
Berry Global
Lenzing
A&E
Kimberly-Clark

In Chapter 4 and Chapter 14.2, on the basis of types, the Technical Textiles market from 2018 to 2029 is primarily split into:

Agrotech
Buildtech
Clothtech
Geotech
Hometech
Indutech
Medtech
Mobiltech
Oekotech

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Technical Textiles market from 2018 to 2029 covers:

Agriculture
Auto industry
Electronic Industry
Aerospace
Medical Industry
Achitechive
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)