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Technical Textile Market Expected to Reach $331.8 Billion by 2032—Allied Market Research

 
2022
Technical Textile Market

Report Code : A01512

quote The technical textile market is a dynamic and diverse landscape with opportunities spanning across numerous industries. As technology continues to advance, and sustainability becomes a primary focus, the demand for innovative technical textiles is expected to rise. Companies that invest in research and development, stay abreast of market trends, and embrace sustainable practices are well-positioned to capitalize on the myriad opportunities within this evolving industry. quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Technical Textile Market," The technical textile market was valued at $191.7 billion in 2022, and is estimated to reach $331.8 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Technical textiles are specialized fabrics engineered to provide specific functionalities beyond traditional clothing or decorative purposes. Unlike conventional textiles, technical textiles are designed for performance-driven applications, incorporating advanced materials and manufacturing processes to meet stringent requirements. These textiles serve diverse industries, including automotive, healthcare, construction, aerospace, and others.

One of the primary drivers of the technical textile market is continuous innovation in material science and technology. Advancements in fiber and fabric technologies have led to the development of high-performance materials with specific properties such as strength, durability, resistance to chemicals, and flame retardancy. These innovations open up new possibilities for technical textiles across diverse applications.

Moreover, the increasing emphasis on safety and protection across industries has driven the demand for technical textiles in the production of protective clothing, including flame-resistant apparel, chemical-resistant suits, and high-visibility garments. The need for personal protective equipment (PPE) in industrial settings, healthcare, and emergency services fuels the growth of this segment within the technical textile industry.

Furthermore, healthcare applications, including medical textiles, have witnessed significant growth. Technical textiles are used in wound care products, surgical gowns, implants, and hygiene products. The ongoing developments in healthcare technologies and the aging global population contribute to the expanding use of technical textiles in the medical field.

However, the demand for technical textiles is closely linked to the performance of end-use industries such as automotive, construction, and aerospace. Economic downturns or industry-specific challenges can impact the demand for technical textiles.

On the contrary, increasing awareness of environmental issues has led to a rising demand for sustainable textiles. Biodegradable fibers, recycled materials, and eco-friendly production processes present significant opportunities. The market is witnessing a shift towards circular economy principles, promoting recycling and reusing technical textiles.

Also, the convergence of textiles and technology has given rise to smart textiles, embedding electronic components for various functionalities. Wearables, such as smart clothing and fitness trackers, represent a burgeoning market. The integration of sensors, actuators, and connectivity in textiles opens new avenues for innovation. This factor is expected to drive the technical textile market growth during the forecast period.

The global demand for various technical textile products has increased continuously as a result of their expanding base of applications. The majority of the demand for technical textiles comes from end-use industries such as construction, sports, environmental protection, automotive, protective clothing, and healthcare. On the contrary, rise in awareness regarding technical textiles in India and favorable government initiatives for consumption and domestic development is expected to offer lucrative opportunities during the forecast period. The technical textile market size is expected to grow further owing to rapid adoption of the technical textile products across different industries.

The technical textile market analysis is done on the basis of material, process, application, and region. Based on material, the market is categorized into natural fiber, synthetic polymer, mineral, regenerated fiber, and others. On the basis of process, it is divided into woven, knitted, non-woven, and others. Various application of technical studied in the report are MobilTech, InduTech, SportTech, BuildTech, HomeTech, ClothTech, MediTech, AgroTech, ProTech, PackTech, OekoTech, and GeoTech. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).

The analysis covers in-depth information of the major industry participants. The key players operating and profiled in the global technical textile market include Asahi Kasei Corporation, Ahlstrom Munksjö, Baltex, Berry Global, Inc., Berkshire Hathaway Inc., Dupont De Nemours, Inc. (Dupont), Duvaltex, Freudenberg & Co. KG, GSE Environmental, HUESKER Synthetic GmbH, Kama Holdings Limited, KONINKLIJKE TEN CATE BV, Milliken & Company, Mitsui Chemicals, Inc., and SKAPS Industries. The technical textile market share analysis helps analyze the key players and their growth strategies.

Other players in the value chain of the technical textile market include Bruck Textiles, Gelvenor Textiles, Lanxess, NIKOL Advance Materials Pvt. Ltd, Sanrhea Technical Textiles Limited, Arville Textiles Limited, L. van Heek Textiles bv, HiltexTechnischeWeefsels B.V., Delcotex, Aurich Textiles GmbH, and others.

Key Findings:

  • Based on material, the natural fiber segment is expected to grow at a fastest growth rate in terms of volume during the forecast period. This is attributed to rise in demand for sustainable products from various industries such as packaging, automotive, healthcare, and others.
  • On the basis of process, the woven segment garnered highest market share in terms of revenue in 2022. This process enhances properties of products such as strength, thickness, extensibility, porosity, durability and adds more value to woven technical textile products.
  • Based on application, the mobiltech has garnered highest market share in 2022 in terms of volume. This is attributed to the presence of huge established automobile consumer base in developed region such as Europe and North America.
  • Based on region, Asia-Pacific is expected to grow at a CAGR of 6.2% in terms of revenue. This is attributed to growth of end use sectors such as healthcare, automotive, construction, packaging, and others. The current technical textile market trends are thoroughly studied to analyze the market. 

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quote Technical Textile Market by Material (Natural Fiber, Synthetic polymers/fibers, Mineral fiber, Regenerated Fiber, Metal fiber, Others), by Process (Woven, Knitted, Non-Woven, Others), by End-Use Application (MobilTech, InduTech, SporTech, BuildTech, HomeTech, ClothTech, MediTech, AgroTech, ProTech, PackTech, GeoTech, OekoTech): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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