Technical Textile Market Sales Revenue, Consumption Professional Analysis, Research Methodology And Forecast To 2030

 Technical Textile Industry Overview

The global technical textile market size was valued at USD 180.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. Increasing awareness regarding the benefits of technical textiles in various end-user industries is expected to drive the market over the forecast period. The global technical textiles industry has experienced moderate growth as a consequence of the economic recession caused by the Covid-19 crisis. During the initial phase, the industrial activities observed setbacks, as a result, the market has also experienced a catastrophic setback.

The spread of COVID-19 in the U.S positively influenced the demand for textiles. The stay-at-home instructions have also influenced the demand for hometech products. The U.S. is expected to be the largest market for technical textiles in North America, on account of the expansion of industries including medical, agriculture, and construction. Technical textiles majorly use man-made raw-material such as fibers consisting of viscose, nylon, acrylic/modacrylic, high-density, and polymers, which cater to cost-intensive manufacturing techniques. Thus, the technology used for the production of the above-mentioned synthetic raw materials is likely to negatively impact the growth of the market.

Gather more insights about the market drivers, restrains and growth of the Global Technical Textile market

 

Increasing consumer preference towards protective clothing coupled with the prevailing fashion trends is forcing major technical textiles companies to focus on restructuring their business in terms of adopting new engineering technologies such as smart textiles and nanotechnology. This in turn is expected to increase the overall product cost, thereby acting as a restraint for the market. A majority of the market players are focusing on efficient and effective distribution channels by setting up new production plants and establishing partnerships & agreements with several e-commerce portals to ensure a robust supply of products. However, the market has witnessed sluggish growth in the year 2020 due to COVID-19 which is expected to result in slow market growth for the first few years over the forecasted period.


Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Metalworking Equipment Market - Metalworking equipment is a group of machines that are used in metalworking processes such as cutting, drilling, grinding, sheet forming, etc. These metalworking activities are extensively used for the production of industrial machines and tools which are significantly important in various industries including automotive, construction, and mining, among others.

 

  • Equipment As A Service Market - The global equipment as a service was valued at USD 1,091.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 49.9% from 2023 to 2030. The relatively new concept of "Equipment as a Service" is comparable to the already well-known "Software as a Service" or “Machine as a Service” business model.

 

Technical Textile Market Segmentation

Grand View Research has segmented the global technical textile market based on manufacturing, end-use, and region:

Technical Textile Manufacturing Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • Thermo-forming
  • 3D Weaving
  • 3D Knitting
  • Nanotechnology
  • Heat-set Synthetics
  • Finishing Treatments
  • Hand-made Elements
  • Others

Technical Textile End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • Agro Textiles
  • Buildtech Textiles
  • Indutech Textile
  • Hometech Textile
  • Medtech Textile
  • Packtech Textile
  • Protech Textile
  • Transtech Textile
  • Sportech Textile
  • Clothtech Textile
  • Others

Technical Textile Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Key Companies profiled:

Some of the prominent players in the technical textile market include:

  • Low & Bonar PLC
  • Freudenberg Group
  • Berry Global Group, Inc.
  • Ahlstrom-Munksjo
  • Asahi Kasei Advance Corporation
  • Kimberly-Clark Corporation
  • Mitsui Chemicals, Inc.
  • Huntsman International LLC
  • Berry Global Group, Inc.
  • Toray Industries, Inc.

 

Order a free sample PDF of the Technical Textile Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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