Technical Textile Market 2021 Analysis by Key Players, End-User, Type, Process (Woven, Non-Woven), Regions & Forecast to 2026
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Dallas, United States – April 27, 2021 /MarketersMedia/ —
Technical textiles do not have decorative or aesthetic characteristics, but are functional fabrics used for technical purposes in the industries like medical, automotive, geotextile, agro textile, and for manufacturing protective clothing. The technical textiles market growth is expected to grow in tandem with industrial demand growing in different parts of the world. Due to rising industrial investments, growing consumption, and boosting export demands, the market is poised for considerable growth. Moreover, increasing per capita income, adaptability and acceptance for the products due to superior functionality, promotional activities by governments for boosting FDI are some major reasons for the market growth.
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Technical textiles are made from man-made and natural fibers. Technical textiles are also used in electric cables, diaphragms, and for various domestic purposes. The growth rate of the technical textiles exceeds the growth rate of the home and apparel textiles due to their applications in a wide range of industries. Various end-use sub-categories that are driving the technical textiles market are Protech, Agrotech, Buildtech, Clothtech, Hometech, Indutech, Medtech, Mobiltech, Ecotech, and Sport-tech. Workers’ safety within the industries is highly important therefore technical textiles are used to develop fibers, fabrics, and protective clothing.
The technical textile solution provider companies in the technical textiles market are Toyobo Co, Huntsman (US), Low & Bonar (UK), Freudenberg & Co. (Germany), Mitsui Chemicals (Japan), DuPont (US), Berry Global Group (US), Kimberly Clarke (US), Asahi Kasei (Japan), and more.
The manufacturing of the technical textiles involves a complex process that requires participants to establish advanced infrastructure to manufacture the technical textile which is highly cost-sensitive restraining the technical textiles market growth. Also, the cost of raw materials is very high which reduces the profit margin for manufacturers limiting their growth opportunities in the market. Additionally, the high costs of the finished products have affected the pricing structure thereby hindering the market growth.
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In terms of region, Asia Pacific dominated the global technical textile market for many obvious factors. China accounted for a major market revenue share followed by Rest of Asia Pacific, Japan and India. U.S. dominated the North America technical textile market with a majority share in the year 2019. Mexico is the fastest growing because U.S. is already doing well with most of the U.S. companies moving their base of operation to Mexico which is anticipated to be the fastest growing region in the technical textile market over the foreseeable future. Canada is projected to show a growth of 3.6% over the estimated period.
Segment overview of technical textile market
• Process Overview, 2018-2025, (USD Million)
• Woven
• Non- Woven
• Others
• Material Overview, 2018-2025, (USD Million)
• Natural
• Synthetic Polymer
• Mineral
• Metal
• Regenerated Fibre
• Others
• End-User Overview, 2018-2025, (USD Million)
• BuildTech
• Mobiltech
• Indutech
• Sportech
• Hometech
• Clothtech
• Meditech
• Agrotech
• Protech
• Packtech
• Oekotech
• Geotech
• Regional Overview, 2018-2025, (USD Million)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Central & South America
• Middle East & Africa
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