Anticipated Growth in Revenue:
Global Technical Textile Market size was valued at USD 220.17 Bn in 2023 and is expected to reach USD 340.52 Bn by 2030, at a CAGR of 7.01 %.Technical Textile Market Report Overview
The global Technical Textile market, valued at USD 220.17 billion in 2023, is poised for significant growth, expected to reach USD 340.52 billion by 2030. This market expansion, driven by a compound annual growth rate (CAGR) of 7.01%, underscores the increasing importance of technical textiles across various industries. Technical textiles, distinguished by their functional properties rather than aesthetic qualities, play a crucial role in sectors ranging from healthcare and construction to automotive and agriculture.
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Report Scope and Research Methodology
Technical textiles are specially designed fabrics that offer advanced performance attributes and functionalities beyond traditional textiles. These textiles include nonwovens, woven fabrics, and knitted fabrics used in diverse applications such as geotextiles, medical textiles, protective clothing, and industrial textiles. The rising demand for durable, high-performance materials is a key driver for this market, fueled by technological advancements and innovations in fabric production.
Technical Textile Market Dynamics
The scope of the report encompasses a detailed analysis of the global technical textile market, including market size, growth prospects, and key market trends from 2023 to 2030. The research methodology involves a combination of primary and secondary research, including interviews with industry experts, analysis of market reports, and review of industry publications. The report provides insights into market dynamics, segmentation, and regional trends, offering a comprehensive understanding of the market landscape.
Technical Textile Market Segmentation
by Product Type
Woven
Knitted
Non-Woven
by Material Type
Natural Fiber
Synthetic Polymer
Metal
Mineral
Regenerated Fiber
by Application
Meditech
Agrotech
Mobiletech
Clothtech
Hometech
Others (buildtec, packtech, geotech, etc)
Technical Textile Market Key Players
Europe:
1. Ahlstrom-MunksjOyj - Finland
2. American & Efird LLC - United Kingdom
3. Asahi Kasei Corporation - Germany
4. DowDuPont - Switzerland
5. DSM Dyneema BV - Netherlands
6. Freudenberg SE – Germany
7. Borgers SE & Co. KGaA - Germany
8. Global Synthetics Pty. Ltd. - United Kingdom
9. GSE Environmental, Inc. - United Kingdom
10. Hanes Geo Components - United Kingdom
11. Huesker Synthetic GmbH - Germany
12. Johns Manville - Germany
13. Kimberly-Clark Worldwide, Inc. - United Kingdom
North America:
14. 3M - United States
15. Berry Global Group - United States
16. Agru America, Inc. - United States
17. Belton Industries, Inc. - United States
18. Global Synthetics Pty. Ltd. - United States
19. Milliken & Company - United States
20. NAUE Geosynthetics Limited - United States
21. Officine Maccaferri S.p.A. - United States
Asia Pacific:
22. Hindoostan Composite Solutions - India
23. Kimberly-Clark Worldwide, Inc. - Australia
24. Lenzing Plastics GmbH & Co KG - China
25. SKAPS Industries - India
26. SRF Limited - India
27. Teijin Limited - Japan
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Technical Textile Market Regional Insights
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America: This region holds a significant share of the technical textile market, driven by high demand in the automotive and healthcare industries. The presence of major manufacturers and technological advancements further bolster market growth.
Europe: Europe is a key market, particularly in applications such as protective clothing and geotextiles. Stringent regulations regarding worker safety and environmental sustainability drive the demand for high-performance technical textiles.
Asia-Pacific: The Asia-Pacific region is expected to witness the fastest growth, attributed to rapid industrialization, urbanization, and increasing investments in infrastructure. Countries like China and India are major contributors, with expanding automotive and construction sectors.
Latin America and the Middle East & Africa: These regions are also experiencing growth in the technical textile market, driven by the burgeoning construction industry and increasing awareness of advanced materials.
Key Questions answered in the Technical Textile Market Report are:
- What was the Technical Textile market size in 2024?
- What is the expected Technical Textile market size by 2030?
- What are the Technical Textile market segments?
- Which Technical Textile market segment is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Technical Textile Industry?
- What key trends are expected to emerge in the Technical Textile market during the forecast period?
- Which region dominated the global Technical Textile market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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