The global technical textile market is forecast to reach USD 268.97 Billion by 2028, according to a new report by Reports and Data. Technical Textiles are functional fabrics which are used in various industries such as construction, home textile, automobiles, medical, and many others. These textiles have enhanced properties compared to conventional textiles.
The market for technical textile is influenced by the rising demand from construction and automotive for insulating products, rubber, floor covering, protective gears, and many others. There is a sudden rise in the demand for geotextiles, which are increasing the economy of the technical fibers. Technical textiles generate a lot of toxic wastes, but it is recyclable in nature. Another restraint of the technical textile market is the high cost of the finished goods and raw materials.
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Key participants include Asahi Kasei, Berry Global Group, Mitsui Chemicals, Kimberly Clarke, Koninklijke Ten Cate, International Textile Group, Toyobo Co., SRF Limited, Lanxess, and DuPont among others.
Major Points Covered in the Global Technical Textile Market Report:
- Market Coverage: This section of the report provides significant details on key market aspects including the key market segments, product innovation scope, and macro-economic and micro-economic growth indicators. In addition, the report segments the global Technical Textile market based on product type, technology landscape, and application range.
- Executive Summary: Under this section, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed.
- Regional Analysis: In this section, the latest report highlights the extensive global presence of the Technical Textile market. This section offers key insights into the latest trends in the regional markets including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
- Competitive Landscape: This section of the report highlights the key players in the global Technical Textile market. It further emphasizes the leading products and services offered by these companies.
- Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product catalogue, production value and capacity, and other vital information.
Further key findings from the report suggest
- Natural Fiber held a market share of 26.2% in the year 2018. Natural fibers are essential raw materials for technical industry. It has a smaller carbon footprint, and can be degraded by micro-organisms, and composted. It also uses less energy for production, emits fewer greenhouse gases, and supports organic farming.
- Woven process held the largest market share of 35.6% in the year 2018. Woven textiles have several applications in construction, clothing, automobiles, and many other industries. Woven textiles are used in medical industries for making surgical gown because woven textiles are breathable, light, and are comfortable.
- Mobiltech is forecasted to grow with the highest CAGR of 8.9% because of the high demand for cars due to rising urbanization. This is used to manufacture seats, door paneling, carpets and ceilings of cars.
- Asia Pacific is forecasted to grow with the highest CAGR of 5.9% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the technical textile market because of the sudden increase in the automobile sector. Technical textiles are used in the automobile industry for the production of tire cords, seat belts, and many others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/technical-textile-market
For the purpose of this report, Reports and Data have segmented into the global Technical Textile market on the basis of material type, process type, application, and region:
Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Natural Fiber
- Synthetic Polymer
- Regenerated fiber
- Mineral
- Metal
- Specialty fiber
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Woven
- Non-Woven
- Knitted
- Others
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Mobitech
- Indutech
- Sporttech
- Buildtech
- Hometech
- Geotech
- Clothtech
- Others
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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