Technical Textiles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material (Natural Fiber, Synthetic Polymers/Fibers, Mineral Fiber, Regenerated Fiber, Others), By Natural Fiber (Cotton, Wool, Others), By Synthetic Polymers (Polyether Sulfone, Polyamide, Polyacrylonitrile, Polypropylene, Others), By Mineral Fiber (Asbetos, Glass Fiber, Ceramic Fiber
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTechnical Textiles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Material (Natural Fiber, Synthetic Polymers/Fibers, Mineral Fiber, Regenerated Fiber, Others), By Natural Fiber (Cotton, Wool, Others), By Synthetic Polymers (Polyether Sulfone, Polyamide, Polyacrylonitrile, Polypropylene, Others), By Mineral Fiber (Asbetos, Glass Fiber, Ceramic Fiber
The global technical textiles market is anticipated to witness significant CAGR in the forecast period, 2023-2027. The advantages offered by technical textiles, such as cost-effectiveness, lightweight, hygiene and safety, durability, strength, user-friendliness, and logistical convenience, and the rise in awareness and applications of technical textiles are the primary factors driving the demand for the global technical textiles market. Also, the extensive ongoing research and development activities and the integration of novel technologies are expected to create numerous growth opportunities for the market players in the forecast period.
Supportive Government Policies Favors the Market Growth
The textile industry faces major challenges in growing in different countries, such as technical standard requirements, conformity assessment procedures, and tariff barriers. Several government bodies are working to boost the local textile industry through free trade agreements. European is the second largest exporter of garment and footwear products in Vietnam. Such as, in European Union in 2019 signed a free trade deal with Vietnam to cut 99% of the tariffs on almost all goods. The Indian government is supporting technical textiles by boosting domestic production in the form of policies and regulations. For example, the National Technical Textile Mission, which was started for National Technical Textiles Mission for a period of 4 years (2020-21 to 2023-24), was approved with an outlay of Rs.1480 crore for developing usage of technical textiles in various flagship missions, programs of the country including strategic sectors. Favorable government policies across the globe are expected to accelerate the global technical textiles market growth over the next five years.
Growing Applications of Geotextiles Fuels the Market Demand
The improvement in the economic conditions of several developing countries around the globe gives the leading authorities the power to invest in infrastructure development in their country. Geotextiles are used for separating subgrades and rock and granular materials and for road surface reinforcement and substructure. Geotextiles are used to provide earthquake resistance and in underground drainage. Geotextiles on coasts are used as a filter to control the corrosion of wall and floor structures. It is also used to separate material in the foundation of coastal soils and breakwaters. Geotextiles are also used in dam construction for waterproofing and preventing the water from settling into the dam body. They can act as a substitute for sand materials and showcase the same efficiency and function as sand filters. The other applications of geotextiles are in the liquid and gas collection system, sewage ponds and chemicals, lining and insulation of tunnels, and the construction of agricultural water storage pools and an artificial lake. Massive applications of geotextiles are expected to propel the global technical textiles market over the forecast period.
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Market Segmentation
In terms of country, United States is expected to hold substantial market share as it witnesses wide applications in various end-user industries.
Market Players
Asahi Kasei Corporation, Kimberly Clarke Corporation, Berry Global Group, DuPont de Nemours, Inc., Mitsui Chemicals, Inc., Freudenberg Group, Toray Industries, Inc., Huntsman Corporation, SRF Limited, Toyobo Co, Milliken & Company, Koninklijke Ten Cate B.V., Reliance Industries Limited, International Textile Group, Duvaltex (US), Inc., are the key market players operating in the global technical textiles market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, share, competitive landscape, growth factors, and trends |
| Segments covered | · Material · Technology · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, France, United Kingdom, Italy, Germany, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia |
| Key companies profiled | Asahi Kasei Corporation, Kimberly Clarke Corporation, Berry Global Group, DuPont de Nemours, Inc., Mitsui Chemicals, Inc., Freudenberg Group, Toray Industries, Inc., Huntsman Corporation, SRF Limited, Toyobo Co, Milliken & Company, Koninklijke Ten Cate B.V., Reliance Industries Limited, International Textile Group, Duvaltex (US), Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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