Press release
Global Technical Textile Market 2018 Top Companies are 3M, DuPont, Ahlstrom, Johns Manville, HUESKER Group, DiloGroup, Hindoostan Technical Fabrics Limited, Procter & Gamble, Freudenberg Group, TenCate, GSE Environmental, Asahi Kasei
Global Technical Textile Market? Industry Trends and Forecast to 2025
The important players and brands are riding elements for the Technical Textile market that are the usage of movements which includes product launches, joint ventures, merges and accusations. This report presents an intensive synopsis in the Technical Textile market definition, classifications, packages, and engagements.
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.
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
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.
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
Key Insights in the report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global technical textile market
Analyze and forecast technical textile market on the basis of material, process, application.
Trends of key regional and country-level markets for material, process, application.
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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