Technical Textile Market Analysis: Find Out Top Impacting Factor of Market Growth By Manufacturers and Industry Forecast, 2018-2025

Rise in need for technical textiles across MobilTech and GeoTech end-use industries is expected to enhance the global product demand during the forecast period. In addition, increase in automotive production across the world, especially in Europe, and rise in infrastructure development projects are expected to drive the growth of the technical textile market. Moreover, favorable government regulations favoring the use of these materials is projected to propel the market growth in the near future.

The global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025.

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The robust growth in the production of automobiles and increase in construction activities has led to increased demand for mobiltech textile and hometech textile respectively. Technical textile is applicable in various automotive parts such as airbags, seatbelt, carpets, filters, hood liners, battery separators, and belt reinforcement as it reduces the overall weight of the vehicle. The growing construction and housing activities in emerging economies such as India and China has fueled the growth of hometech textiles in household application.

However, high production cost of finished goods and high toxic waste production are some factors that hamper the growth of market, while recyclability of nonwoven textiles is expected to open new avenues for the technical textile market during the forecast period.

Technical Textile Market Key Findings:

• Asia-Pacific is expected to continue to lead the market during the forecast period followed by Europe.

• Mobiltech end user segment generated the highest revenue and is projected to grow with a CAGR of 5.2% during the forecast period.

• Geotech is the fastest growing end user segment in the technical textile market registering a CAGR of 7.3% during the forecast period.

• The technical textile market in LAMEA region is expanding at a CAGR of 6.8% from 2016 to 2022.

• Nonwoven type technical textile accounted for more than half of the share in the global technical textile market, registering a CAGR of 6.7% from 2016 to 2022.

Asia-Pacific and Europe collectively contributed more than half of the share in the global technical textile market by revenue in 2015. The major players that operates in the market are DuPont de Nemours & co., Ahlstrom corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindustan Technical Fabrics Limited.

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Some of the major players include

• DuPont de Nemours & co.,
• Ahlstrom Corporation,
• Johns Manville,
• GSE Environmental Inc.,
• Royal Ten Cate,
• Freudenberg & Co.,
• Proctor and Gamble,
• 3M,
• Huesker Synthetic GmbH, and
• Hindustan Technical Fabrics Limited.

The other key market players (not profiled in the report) in the value chain include, Andritz Perfojet SAS, Southwest Nano Technologies Inc., Precot Meridian, Alexium International, Lenzing, Ontex, and Polymer Group Inc., Avintiv, Kusumgar Corporates, SRF Ltd., Ibena Textilewerke GmbH, Johnson & Johnson, SKAPS Industries, Kimberley Clark Corporation, Maccaferri, and Strata Geosystems Pvt. Ltd.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand for geotextile from the developing economies
3.4.1.2. Rise in preference for non-woven technical fabrics
3.4.1.3. Growth in demand for construction textiles
3.4.1.4. Initiatives from the governing bodies for promoting the use of technical textiles
3.4.2. Restraints
3.4.2.1. High costs of raw materials and finished goods
3.4.2.2. High toxic waste production
3.4.3. Opportunity
3.4.3.1. Recyclability improvement
3.5. Top player positioning, 2017

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