Global Technical Textile Market Size, Industry Trends, Growth Prospects Till, 2018-2025 : Data Bridge Market Research
The Global Technical
Textile Market is expected to reach USD 249.23 billion by 2025, from USD 156.68
billion in 2017 growing at a CAGR of 5.87% during the forecast period of 2018
to 2025. The upcoming market report contains data for historic year is 2016,
the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Competitive Landscape:
The global technical textile market is highly fragmented and
the major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of Technical Textile market for global, Europe, North America, Asia Pacific,
South America and Middle East & Africa.
In 2016, DiloGroup (Germany) introduced its latest products
and development at CINTE Techtextil China, CINTE Techtextil China is the Asia’s
leading biennial trade fair for technical textile.
Market Definition:
Technical textile is used for their multifunctional
features. It is manufactured for non-aesthetic purposes and offers various
advantages for its functional aspect in improving health and safety. Hometech
textile and mobiltech textile are two form of textile which is widely used by
automotive in reducing the weight of the vehicle by providing light material
that is tough and durable. It has various applications in agriculture,
packaging and furnishing, clothing, and other. According to the Industrial
Trade Administration, in 2017, U.S. light vehicle sales reached up to 17.1
million units. In the same year, about 2.0 million new light vehicles and
130,000 medium and heavy trucks were shipped by the U.S. to more than 200
markets all round the world with additional exports of automotive parts valued
almost about USD 85.6 billion. As per the U.S. Food and Agriculture Industries,
in 2017, the food and agriculture industries are the active contributors to the
US economy, accounting for around USD 6.79 trillion or 20.4% of total national
output. Thus above factor proves that automotive sector is growing and will
derive the demand for technical textile.
Key Market Competitors:
The key players operating in the global technical textile
market are –
- 3M,
- Dupont,
- Ahlstrom
Corporation,
- Johns
Manville,
- Huesker
Synthetic Gmbh,
- DiloGroup,
- Hindustan
Technical Fabrics Limited,
- Proctor
and Gamble,
- Freudenberg
& Co.,
- Royal
Ten Cate,
- GSE
Environmental Inc.,
- Asahi
Kasei,
- Kimberley-Clark,
- Mitsui
Chemicals,
- Huntsman,
- Berry
Global Group,
- Toyobo
Co.,
- Milliken
& Company,
- SRF
Limited,
- Lanxess,
- Koninklijke
Ten Cate,
- International
Textile Group
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Market Drivers:
- High
adaptability and awareness of products
- Growing
demand from emerging industrial markets
- Raising
demand for new applications areas
Market Restraint:
- High
cost of finished product affects the pricing structure
- Varying
environmental mandates across regions
Segmentation:
By Material Type
- Ceramics
- Natural
Fiber
- Cotton
- Wool
- Others
- Synthetic
Polymer
- Polyethersulfone
(PES)
- Polyamide
(PA)
- Polyacrylonitrile
(PAN)
- Polypropylene
(PP)
- Polyester
- Others
- Mineral
- Asbestos
- Glass
- Ceramic
Fiber
- Metal
- Regenerated
Fiber
- Rayon
- Acetate
- Others
By Process
- Woven
- Knitted
- Non-Woven
- Others
By Application
- Mobiltech
- Sportech
- Buildtech
- Hometech
- Clothtech
- Meditech
- Agrotech
- Protech
By Geography
- North
America
- U.S.
- Canada,
- Mexico
- Europe
- Germany
- France
- United
Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest
of Europe
- Asia-Pacific
- Japan
- China
- South
Korea
- India
- Australia
- Singapore
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest
of Asia Pacific
- South
America
- Brazil
- Rest
of South America
- Middle
East & Africa
- South
Africa
- Saudi
Arabia
- UAE
- Rest
of MEA
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