Global Technical Textiles Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Technical Textiles market.

A technical textile is a textile product manufactured for non-aesthetic purposes, where function is the primary criterion. Technical textiles include textiles for automotive applications, medical textiles (e.g., implants), geotextiles (reinforcement of embankments), agrotextiles (textiles for crop protection), and protective clothing (e.g., heat and radiation protection for fire fighter clothing, molten metal protection for welders, stab protection and bulletproof vests, and spacesuits).

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Global Technical Textiles Market: Forecast by Type / Application / Region

First, over the past couple of years, the demand for technical textiles has been increasing significantly owing to their superior functionality and physical properties and greater research and development. While the technical textiles industry has matured in many respects, the sector continues to grow, spurred on by a myriad of macro-drivers, such as growing populations in developing countries, maturing populations in developed economies, increasing urbanization, higher spending on road and rail infrastructure, increasing air travel in the Middle and Far East, and higher demands for environmental protection.

Second, the technical textiles industry is rather separated: there are thousands of manufacturers in the world, and high-end products mainly from United States and western European. In the world wide, giant manufactures mainly distribute in American and Europe. American has a long history and unshakable status in this industry, like DuPont and 3M, both have perfect products. Germany is widely regarded as Europe’s market leader in technical textiles – around 50%, possibly even more, of the country’s textile output is in such products. In China, the manufactures focus in Zhejiang, Shandong and Henan province, with nonwoven as the main product.

Second, many company have several plants, usually close to aimed consumption market, which is most commonly to see in Europe. BTT has production bases in Belgium and Asia, Ahlstrom ha production bases separated in Europe, North America and Asia Pacific. Also, many international companies choose to set up factories in China too, such as Kimberly-Clark and P&G.

Third, all manufactures in the world are committed to the improvement of product. Technology always plays the most important role in market performance of technical textiles. The innovation of new technology generates great fortune for giant companies like DuPont and 3M. Nowadays, many traditional textile manufacturers are considering structural change on the part of producers of traditional textiles to become highly technical and specialist manufacturers of high-quality textile products.

Fourth, the import and export percent of this industry is not high, because many international manufactures expand their business through building factories or investments. Regionally, United States and Europe are the main exporter of technical textiles, China has been in improvement of its performance in this field, but most of its high end products or fiber has to be imported from developed areas.

Fifth, company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. PGI expanded its market share through the purchasement of Tesalca-Texnovo. As the downstream consumption usually follows with developed and rapid economic growth areas, the developed areas’ company prefers investing to underdevelopment regions these years.

Sixth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of technical textiles will increase.

Seventh, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years, LPI(LP Information) projects that Technical Textiles will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

Global Technical Textiles Market: Key Players
DuPont
Beaulieu Technical Textiles
Ahlstrom
Techtex
Freudenberg
Honeywell
Johns Manville
3M
Global-safety-textiles
Kimberly-Clark
TWE-Group
Alexium International
JM-Textile
Huntsman
Asahi Kasei Fibers
Protan
Milliken
Invista
Arville
Polymer Group
A&E
Borgers
Don & Low
P&G
DELFINGEN 
IBENA
Dow Corning
Lenzing
Tech-Tex
Schoeller-textiles

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Related Information:
United States Technical Textiles Market Research Report 2018
Europe Technical Textiles Market Research Report 2018
North America Technical Textiles Market Research Report 2018
Asia-Pacific Technical Textiles Market Research Report 2018
China Technical Textiles Market Research Report 2018
EMEA Technical Textiles Market Research Report 2018
Global Technical Textiles Market Research Report 2018

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