Press release
Technical Textile Market Offers Sustainable Developed,Customized Solutions for Technical Areas of Application
The increasing demand for mobiltech textile and hometech textile will drive the demand for global technical textile market. There are various components of automobiles such as headliners, seat belts, seat upholstery, carpets, tire cords, liners, composite reinforcements for automotive bodies, civil and military aircraft bodies, wings, and engine components are made up of technical textiles, since they are light weighted and have high strength. The growing housing and construction activities in emerging economies of the Asia-Pacific region such as India and China have fueled the growth of hometech textiles for household application. Also government regulations making it mandatory to use geosynthesis in infrastructure development projects has increased the demand for technical textile.
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The technical textile market has been segmented on the basis of material, technology, application, and region. Based on material Process, the synthetic polymer segment is anticipated to account for the largest share in the year 2017, because of factors such as high strength, low cost, and high quality.The synthetic polymers have wide application in high-tech applications such as spun bounds, geotextile and surgical application products.With the growth in these industries, the demand for synthetic polymers will also increase.
Based on process, the woven segment of the technical textile market is anticipated to account for the largest share in the year 2017. The ease in the process helps to produce a wide range of products for various applications. Woven technical textiles find application in clothing automobile, construction, and other industries. Further, advancements in weaving technology such as 3D weaving are also anticipated to drive the technical textile market during the forecast period.
Based on application, the mobiltech segment of the technical textile market is anticipated to grow at the highest CAGR from 2017 to 2023. This growth is because of the booming automobile sector in countries such as the UAE, Japan, and Germany. Some of the companies in the Technical Textile market are Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, and Freudenberg & Co, Low & Bonar, Huntsman, Toyobo Co., Milliken & Company, SRF Limited, Lanxess, Koninklijke Ten Cate, and International Textile Group, among others. The major companies operating in the global Technical Textile market will eventually grab the opportunity presented by the new technology to further enhance their product offerings.
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