JERSEY CITY, NJ, January 5, 2022 / PRNewswire / – Verified Market Research recently published a report, “Technical textiles market“By material (natural fiber, synthetic polymer, metal, mineral, regenerated fiber), by process (woven, knitted, non-woven), by application (transport textiles, medical and hygiene textiles, industrial products and components) and by geography According to verified market research, the global technical textiles market size was estimated to be $ 190.33 billion in 2020 and should reach $ 285.88 billion by 2028, with a CAGR of 5.15% from 2021 to 2028.
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202 – Pages
126 – Tables
37 – Figures
Overview of the global technical textiles market
Technical textiles are used extensively in agriculture, construction, sports, medicine and other applications. The increase in construction activities in the major economies of the world with increasing demand for various road and all-terrain vehicles is pushing the adoption of technical textiles. Growing use in the medical sector due to its excellent comfort, flexibility, protective, skin-friendly and economical nature. The growing demand for implantable and non-implantable textiles for improved hygiene and healthcare is driving the demand for technical textiles. The growth of this market is further fueled by favorable government support through the promotion of the manufacturing sector. The Ministry of Textiles of the Government of India has approved the proposal to establish a National Technical Textiles Mission (NTTM) to improve the application of geotextiles, medical textiles, agro-textiles and other technical textiles. This aims to educate users and then attract large-scale investment in the textile market.
The growth of agro-textile is expected to increase during the forecast period due to the increase in the world population at an alarming rate, leading to the adoption of modern techniques to promote the results. The increase in technical textiles export business due to the strong cross-border demand promotes the growth of the market. However, the growth of this market is mainly hampered due to the high cost of the product compared to conventional low cost alternatives. This is mainly due to the rising cost of raw materials used for manufacturing or within the manufacturing process of these technical textiles. In addition, the highly contagious and infectious COVID-19 epidemic has resulted in demand for medical and hygiene products that promote market growth in fiscal year 2020. Strict restriction of movement, halt of manufacturing activity of essential products and large gap between supply and demand, a result of commercial shutdowns has emerged as an obstacle to the growth of the market over the past year for the supply of raw materials. Nonetheless, with the return of economic conditions to normal, the market is expected to grow at a remarkable rate in the coming years. The continuous technological advancements due to the constant research and development activities of the leading companies are expected to drive the market growth during the forecast period.
- In March 2021, NAUE, a manufacturer of geotechnical building materials, introduced the biodegradable non-woven geotextile, Secutex Green.
- In February 2021, Freudenberg Performance Materials Apparel has unveiled new highly elastic and breathable inserts and bands for all types of sportswear in the Freudenberg Active range.
- In May 2020, Global technology group Freudenberg has acquired Low & Bonar PLC, a UK-based technical textiles manufacturing company, for an undisclosed amount.
The main players in the market are Dow DuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH and Hindoostan Mills.
Verified market research segmented the global technical textiles market on the basis of material, process, application, and geography.
- Technical textiles market, by material
- Natural fiber
- Synthetic polymer
- Regenerated fiber
- Technical textiles market, by process
- Technical Textiles Market, By Application
- Transport textiles
- Medical and hygiene textiles
- Industrial products and components
- Agriculture, horticulture and fishing
- Household linen
- Clothing components
- Packaging and containment
- Technical textiles market by geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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