Technical Textile Market

Technical Textile Market Outlook - 2027

The global technical textile market was valued at $201.2 billion in 2019, and is projected to reach $274.1 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027. 

The automotive industry is the most impacted sector owing to outbreak of COVID-19 resulting in decrease in demand for automotive textiles.

Technical textiles are products which have higher performance qualities as compared to traditional textiles. The types of materials used for manufacturing comprise synthetic fibers and natural. The synthetic fibers that are used for these applications are manufactured by the combination of some special chemical processes on various natural fibers to impart the new properties. These fibers have greater qualities, such as higher strength, than manmade fibers; hence, they are widely used not only for apparel use, but also in other different applications such as medical, automotive, and others.

The technical textile market is segmented based on material, process, application, and region. Based on material, the market is divided into natural fiber, synthetic polymer, mineral, regenerated fiber, and others. On the basis of process, the market is categorized into woven, knitted, non-woven, and others. Based on the application, the technical textile market is divided into 12 sectors, which include MobilTech, InduTech, SportTech, BuildTech, HomeTech, ClothTech, MediTech, AgroTech, ProTech, PackTech, OekoTech, and GeoTech. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The technical textile market share is analyzed for all major regions and segments.

The technical textile market analysis covers in-depth information of the major industry participants. Some of the major players in the 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.

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.

The key players are adopting numerous strategies such as product launch, business expansion, acquisition, partnership, collaboration, joint venture, and agreement to stay competitive in the technical textile market.

For instance, Berry Global Group, Inc. announced the capital investment in its melt blown nonwoven fabric capacity for South America. This is Berry’s first melt blown asset, based on its Meltex™ technology, to be located in South America. The new asset will be operational from March 2021.This production is expected to aim on the manufacturing of materials for ASTM L2, L3, and N95 masks. This expansion reinforced its global reach and position as the leading nonwovens manufacturer.

In addition, Mitsui Chemicals, Inc., developed AIRYFA, the world's first flexible nonwoven with high strength by exploiting its proprietary polyolefin spinning technology. It is a high-performance nonwoven that is soothing on skin, simultaneously materializing softness and strength. This product launch has reinforced its product portfolio.

Technical Textile Market, by Material

By material, the natural fiber segment is expected to grow at the fastest growth rate during the forecast period. This is attributed to increase in awareness toward environmental pollution caused by synthetic materials. This has resulted in the development and adoption of environment-friendly materials in the technical textiles production, which in turn drives the growth of the market globally.

Technical Textile Market, by Process

By process, the non-woven segment is anticipated to grow at the fastest growth rate during the projection period. It is expected to grow at a growth rate of 5.7% during the forecast period, in terms of revenue. This process improves properties of material, which results in enhanced performance of the textile material. Moreover, properties of the non-woven textiles are cushioning, absorbency, softness, strength, and others. 

Technical Textile Market, by Application

By application, the MobilTech garnered the highest market share in 2019, in terms of volume and revenue. This is attributed to established consumer base in developed regions such as North America and Europe. This industry is anticipated to exhibit remarkable growth in future, majorly due to the remarkable rise in demand for cars with high-quality technological aspects. 

Technical Textile Market, by Region

Region wise, Asia-Pacific is expected to be the fastest growing region in terms of volume as well as revenue. This is attributed to factors such as rising access to health infrastructure in developing countries such as India, China, and others. The increase in access to health infrastructure in coming years will propel healthcare and pharmaceutical industry. This will consequently upsurge the demand for medical textile during the forecast period.

Key Benefits For Stakeholders

• The technical textile market is studied from 2019 to 2027
• Historical data is also provided in the report from 2010 to 2018 in terms of volume as well as revenue
• The report provides an in-depth analysis of the market along with the current and future technical textile market trends.
• This report highlights the key drivers, opportunities, and restraints of the technical textile market along with the impact analysis during the forecast period.
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• A comprehensive analysis of the factors that drive and restrain the technical textile market growth is provided.
• The qualitative data in this report aims on market dynamics, market trends, and developments.
• The technical textile market size is provided in terms of volume and revenue.

Impact Of Covid-19 On The Technical Textile market

• The outbreak of COVID-19 has affected the demand as well as the manufacturing in supply regions.
• The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.
• The above factors have impacted the growth of the technical textile market.
• This pandemic resulted in a sudden increase in demand for medical apparels such as gown, mask, and others, which positively affected the demand for technical textiles

 Technical Textile Market Report Highlights