Global Technical Textiles Market to accrue over US $14.93 Bn by 2026

June 17, 2019

Worldwide Technical Textiles Market is predicted to accumulate over US $14.93 billion by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.

Shifting consumer profiles, coupled with rising income levels, and the growing end-user sectors such as sports, automobiles, healthcare, etc. are the key factors driving the growth of the global technical textiles market. Other significant growth propellers are the industrial and infrastructure development in developing and developed countries, and several government and regulatory initiatives to attract substantial investments for developing new technical textile products.

These products represent the next generation of smart textiles with possible usage in technical textiles, fashion products, and various furnishing applications. These smart textiles contain textile structures that can sense and react to different stimuli in the environment. New textile fiber types & their structure, miniaturization of electronics, and wireless & wearable technologies have led to the expansion of this market.

The report cites that the technical textiles include about 51 potential products for substantial growth, which were responsible for more than 25 percent of the industry size. Some of these include shade nets, mulch mats, crop covers, anti-hail, incontinence diapers, anti-bird nets, sanitary napkins, baby diapers, artificial heart valves, disposable bedsheets, surgical disposables, bullet-proof jackets, chemical protective clothing, nuclear protective clothing, industrial protective clothing, and others.

These products denote multi-disciplinary segments, with various application sectors. Advances in the functionality of technical fibers & yarns, including low elongation at high tenacity, high modulus, low thermal shrinkage, higher thermal stability, high resistance to corrosion, etc., which are the result of significant investments by industry participants in research & development, have amplified applications across various industries.

Based on the technology landscape, the global technical textiles market is segmented into 3D weaving, 3D knitting, nanofibers, thermo-forming, finishing treatments, and others. Whereas, the application spectrum of the global market can be bifurcated into Clothtech, Mobiltech, Hometech, Indutech, Sportech, Protech, Meditech, and others.

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According to the report, the North America market had been the leading regional market in the year 2017. Together with the surging penetration of the technical textiles, product consumption is growing rapidly; plus several nations fulfil their demand by importing these from the United States. The key export markets of the United States include Brazil, India, Vietnam and Taiwan. However, Taiwan and Korea are giving tough competition to the United States. The report further cites that the Asia Pacific market is poised to expand at a faster pace in comparison to other regions.

The well-known companies operating in the worldwide technical textiles market include Proctor and Gamble, Royal Ten Cate, Hindustan Technical Fabrics Limited, DuPont De Nemours & Co., GSE Environmental Inc., Freudenberg & Co., Huesker Synthetic GmbH, Ahlstrom Corporation, 3M, and Johns Manville, among others.

The report further analyses these market players, in the light of their strong points, business tactics, and market performance. The company profiles of these players are documented in the study, alongside their business overview, product benchmarking, financials, and recent developments.