Market Overview
The Global Technical Textile Market is expected to grow at a CAGR during the forecasting period (2021-2028).
Technical textiles are products manufactured for non-aesthetic purposes, which involve functions as the primary criterion. The technical textile products impart high-performance qualities as compared to any other traditional textiles. Generally, synthetic fiber and natural fibers are used for the manufacturing purpose of technical textiles. Technical textiles are used in different industries such as medical, construction, machine clothing, abrasive substrate, and filters due to excellent quality and high strength compared to any other human-made fibers.
Besides, technical textiles can be used in various industrial products such as electrical components and cables, diaphragms, flexible seats, and other domestic purposes. The technical textile industry is a vast and growing sector, which is estimated to show significant growth at about 4% on a per year basis, which is much greater than the development of home and apparel textiles, growing at a rate of 1% per year. The future fabrics market is expected to be re-conceptualized entirely as researchers from different parts of the globe understand the products that will appear in the market over the coming decades.
The researcher's ongoing research on technical textiles has built a belief that there will be a material capable of self-repairing when damaged, fabric with build-in digital devices, smart textiles with nanomaterials, and many other smart features. The growing advancements in technical textile aim to offer innovative solutions for global problems such as health issues, pollution, protection, transportation, communication, etc.
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Market Dynamics
The global technical textile market is driven by growing applications and rising demand across different end-users such as construction, aerospace, agriculture, medical and packaging, and government support. Growing biotechnological advancements, rapid changes, and the evolution of traditional farming methods boost the technical textiles market in the coming tenures. The researcher's ongoing projects on technical textiles to building material capable of offering some properties such as self-repairing when damaged, fabric with build- digital devices, smart textiles with nanomaterials, and others create tremendous opportunities for the technical textile market to increase in the coming years.
Growing applications and demand of technical textiles across different end-users such as construction, aerospace, agriculture, medical and packaging, and government support
Technical textiles have played an integral role in different daily life phases, starting from construction to agriculture, packaging, medicals, etc. The products involved in technical textiles are obtained with varying production methods to offer strong strength, lightness, fire or water resistance, versatility, and excellent performance.
Different types of technical textiles have played various roles as per the industrial demand. However, the global pandemic's arrival has accelerated the medical sector's global technical textiles market due to the increasing demand for protective technical textiles. It has raised the growth expectation of technical textiles even higher than the pre-existing market.
Apart from this, increasing drought leads to increasing demand for agricultural productivity from the farmer's side. Similarly, growing demand for high energy-efficient fabrics from vehicles leads to build the market for technical textiles in the transportation and sector. Thus rapid advancements in technical textiles and increasing manufacturer approach towards building an advanced textile material with high strength are more likely to accelerate the market of its products in different sectors in coming years.
The government adds value to the growing research in technical textiles by investing a significant chunk in the R&D sector. For instance, in 2019, the Indian government came up with another set of technical textiles policies targeting the defense and agriculture sectors. This new policy has made government extend support for domestic manufacturing and set standards to make India the hub for production units.
Growing biotechnological advancements, rapid changes, and the evolution of traditional farming methods boost the technical textiles market in the coming tenures.
The technical textile market has seen an unprecedented upward trend globally due to improving economic conditions, increasing end-users, growing technological advancements, cost-effectiveness, user-friendliness, and eco-friendliness of technical textiles. The use of new materials and technologies such as environmentally friendly finishing 3-D textile formation and computerized patterning is the promising factor adding to the growing market of technical textiles in recent times.
New polymers and additives having unique properties such as high chemical resistance, flame retardancy, and high tenacity are now available in the market to withstand high-temperature applications. In the last few years, polymers processed from renewable biomass have been developed as a permanent substitute for traditional fibers and created new biodegradation opportunities.
Apart from this, various techniques and applications are used in the finishing and coating of textiles coupled with rapid developments since the past few years in digital printing in textiles is expected to boost technical textiles in the forecast period
The increasing use of nanotechnologies and electronics in technical textile to improve their properties creates opportunities for the market.
The growing use of nanomaterials such as nanoparticles and nanofibres in technical textile production helped impart higher mechanical strength, chemical resistance, antibacterial properties, and water repellence to textile. The first generation of nano-enhanced textiles has benefitted from nano-finishing, including coating textile and clothing surfaces with nanoparticles.
The new approach produces highly active surfaces with UV-blocking, antistatic, antimicrobial, water and oil repellent, wrinkle-resistant, and self-cleaning properties. Nano-silver is used to exert antimicrobial properties while non-metal oxide coatings impart nano-silver, self-cleaning, UV-blocking, and flame retardant.
Besides, conducting polymers and graphene's electrical conductivity offers attractive properties for creating textiles that incorporate actuators and sensors. Incorporating digital components into this e-textile is expected to open up an entirely new area of functional clothing. Thus growing addition of electronics and nanotechnology is creating a room full of opportunities for the technical textile to grow in the forecast period.
COVID-19 Impact Analysis
The global technical textile market has shown significant growth due to the Covid-19 pandemic, especially in the medical sector. Increasing demand for protective textile has raised the bar of the growing market in recent times. Material such as yarns, fabrics, and fibers supported the medical textile market in this crisis period for infection control, hygiene, barrier material, and medical implants.
Medical textiles offered laminated and coated materials for various gowns for much better protection from infections, such as PPF gowns for the nurse, doctors, and hospital staff by healthcare personnel as personal protective equipment, isolation gowns, patient gowns, and surgical gowns. Pre-dominantly in COVID-19 technical textile for the medical sector is also used to provide face masks, FFP2 facial masks, disposable nitrile gloves, and others, thus building the technical textile market medical sector in recent times.
However, apart from the medical sector, the rest of the other technical textile sectors have seen an unprecedented drop in the market growth due to the sudden shutdown of various production and manufacturing of technical textile due to the COVID-19 lockdown. It leads to a decline in consumers' interest in purchasing any goods. A halt in transportation sectors has severely hampered the technical textile market's business due to disruption in the product's supply chain management.
Segment Analysis
– By Process
· Non-Woven*
· Woven
· Knitted
· Others
– By Application
· Agritech*
· Clothtech
· Medtech
· Buildtech
· Hometech
· Indutech
· Mobitech
· Others
Geographical Analysis
The presence of major exporters in the Asia-Pacific region and changing schemes by the region's government to promote the adoption of the geotechnical and agro-technical sectors are triggering the market of technical textile in the Asia-Pacific.
Asia-Pacific is expected to dominate the technical textile market in the forecast period, with China contributing nearly 20%and India contributing 12% of the total region market. As per technical textiles: growth engine of Indian textiles sectors 2019 Asia-Pacific to show the highest growth at an expected rate of 30% in coming years at the global market. China leads a textile and apparel exporter worldwide for the past three decades. On the other side, India promotes and kick-starting key schemes such as Technology Mission on Technical Textiles to encourage geotechnical and agro-technical adoption in the northeast region.
On the other side, Europe is estimated to grow at an impressive CAGR of 4.8% to 5.2& during 2018-2022 as per technical textiles: growth engine of Indian textiles sectors 2019. Mobiltech, sportech, oekotech, indutech as the major market propelling sectors of technical textile in the European market. Countries like France, Germany, and the U.K. are expected to contribute a major chunk of revenue from Europe.
Competitive Landscape
The technical textile market is highly competitive with the presence of many local as well as global companies. Some of the key players contributing to the market's growth include Ambika Polymer, Reliance Industries, Supreme Nonwovens Pvt Ltd, Asahi Kasei, Mitsui Chemicals, Freudenberg & Co, SRF Limited, Koninklijke Ten Cate., Lanxess, DuPont, Inc and among others.
The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the technical textile market's global growth. Most of the key players build profit through mergers and acquisitions as the primary growth strategy.
For instance, in March 2019, Asahi Kasei announced its production capacity expansion for spunbond nonwovens in Thailand through new production lines at its Asahi Kasei spunbond Co. ltd.
In 2019, Vitrulan Group acquired fiber optic reinforcement business from Ahlstrom-Munksjo. The acquisition aims to expand the market of Vitrulan Group.
Mitsui Chemicals
Overview: Japan-based chemical company specializes in produces and supplies specialty chemicals and high-performance polymers to North and South America. The company provides chemical & intermediates, elastomers, engineering plastics, tapes, sheets, electronic materials, etc. The company came in 1982 as MTC America and merged with Mitsui Petrochemicals in 1997 and changed to Mitsui Chemicals America.
Product Portfolio: The company has a product portfolio of technical textile includes:
Syntex: The product is a nano sub-micron nonwoven fabric produce from the Mitsui chemical proprietary technology. It is a high-performance nonwoven fabric suitable for the most demanding filtration applications that require the removal of fine particles in a liquid.
Key Development:
In 2017, Mitsui Chemicals developed the world's first flexible nonwoven- AIRYFA with excellent strength by exploiting its proprietary polyolefin technology. The product is gentle on the skin; eco-friendly impart softness and strength.
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
The report "Technical Textile Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region - Global Forecast to 2025" The global technical textile market size is projected to grow from USD 164.6 billion in 2020 to USD 222.4 billion by 2025, at a CAGR of 6.2% from 2020 to 2025.
The market has grown exponentially in the last few years, and this trend is projected to continue.
The growing awareness about the superior functionality and application of technical textiles encourages the higher consumption of technical textiles and related products.
Furthermore, growth in the automobile, construction, healthcare, packaging, and various other sectors has generated new opportunities for technical textiles.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1074Browse 200 market data Tables and 55 Figures spread through 248 Pages and in-depth TOC on "Technical Textile Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region - Global Forecast to 2025"♦ PREMIUM INSIGHTS - 4.1 EMERGING ECONOMIES TO WITNESS RELATIVELY HIGHER DEMAND FOR TECHNICAL TEXTILE FIGURE 15 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN THE TECHNICAL TEXTILE MARKET 4.2 APAC: TECHNICAL TEXTILE MARKET, BY APPLICATION AND COUNTRY FIGURE 16 CHINA WAS THE LARGEST MARKET IN APAC IN 2019 4.3 TECHNICAL TEXTILE MARKET, BY MATERIAL FIGURE 17 SYNTHETIC POLYMER TO LEAD THE MARKET DURING THE FORECAST PERIOD 4.4 TECHNICAL TEXTILE MARKET, BY PROCESS FIGURE 18 NONWOVEN PROCESS TO GROW AT THE HIGHEST RATE IN THE MARKET 4.5 TECHNICAL TEXTILE MARKET, BY APPLICATION FIGURE 19 MOBILTECH TO BE LARGEST APPLICATION IN THE MARKET 4.6 TECHNICAL TEXTILE MARKET, BY COUNTRY FIGURE 20 TECHNICAL TEXTILE MARKET IN INDIA TO GROW AT THE HIGHEST CAGROn May 2020, Berry Global has announced an expansion of its Meltex melt-blown capacity, with the addition of an asset to support the growing demand for face masks during COVID-19.
The new line will focus on the manufacturing of nonwoven protection materials and filter materials for premium FFP2 (N95) and FFP3 (N99) grade filter media.On April 2020, Ahlstrom-Munksjo has increased its nonwoven production across its entire protective materials portfolio, in response to COVID-19.
The company has expanded its product offering of protective materials for all three face mask categories- civil masks, surgical masks, and respiratory masks.♦ Request Sample Pages – https://www.marketsandmarkets.com/requestsampleNew.asp?id=1074 Key Market PlayersThe technical textile market is dominated by a few globally established players, such as Asahi Kasei (Japan), Kimberly Clarke (US), Berry Global Group (US), DuPont (US), Mitsui Chemicals (Japan), and Freudenberg & Co. (Germany).
Technical Textile Market Overview:The latest research report on the Technical Textile market has been formulated to offer a comprehensive assessment of the economic growth as well as the profitability of the Technical Textile market in light of company performance for the forecast years from 2019 to 2026.Technical Textile Market study provides a meticulous assessment of the industry for the estimation period of 2019–2026.
The market research on Technical Textile is concise, yet it encompasses all critical aspects, which are pivotal and relevant for a customer of the Technical Textile industry.The valuation for the Technical Textile market was USD 175.97 Billion in 2018, and it is expected to reach USD 249.95 Billion by 2026.The research study, titled “Technical Textile Market Research Report 2019,” assesses the historical performance and the current standing of the market for an exhaustive understanding, underlining the dynamics of the demand and supply of Technical Textile Market in 2018.The Technical Textile report profiles the key players of the sector to give a clear perspective of the competitive landscape of the Technical Textile Outlook.
It also offers market new product analysis, financial overview, executive strategies, and marketing trends.Access the Entire Report packed with TOC, Tables and Figures and Outline of Prominent Companies: https://www.reportsanddata.com/report-detail/technical-textile-marketThe following manufacturers are examined in this report by focusing on the sales, revenue, and market share for each company: Asahi Kasei, Berry Global Group, Mitsui Chemicals, Kimberly Clarke, Koninklijke Ten Cate, International Textile Group, Toyobo Co., SRF Limited, Lanxess, and DuPont among others.Segmentation:Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)Natural FiberSynthetic PolymerRegenerated fiberMineralMetalSpecialty fiberProduct Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)WovenNon-WovenKnittedOthersApplications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)MobitechIndutechSporttechBuildtechHometechGeotechClothtechOthers Regional Technical Textile Market (Regional Output, Demand & Forecast by Countries):-North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.The report consists of an in-depth analysis of substantial returns that are estimated to be accumulated at the end of the forecast period.
The report also inspects materials and markets, technological advancements, volatile industry structure, and capacities of the Technical Textile market.Any Query or Discount?
This report provides insights into a dynamic competitive environment.
It also offers a progressive viewpoint on various factors driving or constraining the market growth.To get a sample of this report, with 30 minutes free consultation, visit @ https://www.reportsanddata.com/sample-enquiry-form/1943Table of Contents:Study Coverage: It takes into account key manufacturers, key market segments, the scope of products available in the global Technical Textile market, forecast years, and study objectives.
