Global Technical Textile Market Expected to Reach $334,938 Million by 2025 with Analysis and In-depth study on market Size

According to a new report published by Allied Market Research, titled,"Technical Textile Market, by Type, Material Type, and End-use Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025",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. The composite segment accounted for a major share of the global technical textile market in 2017, in terms of revenue.

Technical textiles are the materials, which are used for non-aesthetic purposes such as industrial protection, construction, and others. They find their application across various end-use industries such as construction, industrial, automotive, and others.

Get sample copy of this report :
https://www.alliedmarketresearch.com/request-sample/1841?utm_source=Prathm_OPR

The global demand for various technical textile products has increased continuously as a result of their expanding applications in various end-use industries. Majority of the demand for technical textile comes from end-use industries such as construction, sports, environmental protection, aerospace, automotive, protective clothing, and healthcare.

Key Findings of the Technical Textile Market:

• The North America technical textile market is projected to grow at a CAGR of nearly 4.7% during the forecast period, in terms of revenue.

• The Europe technical textile market is anticipated to dominate the global market, in terms of revenue in the near future.

• The global technical textile market for MobilTech dominated the market, with a share of over 22.76% in 2017.

• The nonwoven technical textile segment is projected to dominate the global market in the years to come.

The growth of the global technical textile market is majorly driven by increase in product demand from automotive, construction, and geological end-use industries. Moreover, increase in awareness of industrial safety, rise in environmental awareness, and advances in medical technology are further expected to fuel the growth of this market. However, high cost of raw materials and increase in toxic waste generation during the product manufacturing restrain the market growth. Conversely, with the use of nonwoven textiles, pollution can be controlled to a great extent.

Send Enquiry on this report @
https://www.alliedmarketresearch.com/purchase-enquiry/1841?utm_source=Prathm_OPR

By material, the market is categorized into uniform material and composite materials. The composite materials segment is predicted to have a dominant share of over 55% in 2025
Depending on end-use application, the market is fragmented into AgroTech, BuildTech, HomeTech, InduTech, SportTech, PackTech, MobilTech, MediTech, ClothTech, GeoTech, ProTech, and OekoTech. MobilTech end-use application segments share is predicted to reach up to 20% by the end of 2025

Top Key Players:

• DowDuPont
• Ahlstrom Corporation
• Johns Manville
• GSE Environmental Inc.
• Royal Ten Cate
• Freudenberg & Co.
• Proctor and Gamble
• 3M
• Huesker Synthetic GmbH
• Hindoostan Mills.
• Low & Bonar
• Lanxess
• Berry Global Group.

In 2017, Asia-Pacific held the dominant market share in the global technical textile market, in terms of revenue. China is the one of the leading manufacturers for automotive, which further drives the need for technical textiles, thereby supplementing the market growth. In addition, favorable investment policies and government initiatives to promote the use of technical textiles in the developing economies such as India and China are anticipated to fuel the market growth in this region. Additional key factors that fuel the market growth include the development of public infrastructure, growth of the healthcare sector, and rapid urbanization.

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

Get Access to Full summary of this report at :
https://www.alliedmarketresearch.com/technical-textile-market?utm_source=Prathm_OPR

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Sona Padman
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.