|12-06-2018 06:26 PM CET - Health & Medicine||
Global Technical Textile Industry Growth & Revenue Study By Major Companies DuPont de Nemours & Co, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc, Freudenberg & Co, 3M, Proctor and Gamble, Huesker Synthetic GmbH
Press release from: Allied Market Research
The global technical textile market size is expected to reach $244,032 million by 2022 from $158,429 million in 2015 with a CAGR of 6.4% from 2016 to 2022. Technical textiles are welfare textiles used for their diverse and multifunctional properties. They are manufactured for non-aesthetic purposes and offer several advantages in their functional aspect for improving health & safety. They have applications ranging from simple use in agriculture, clothing, packaging & furnishing to more complicated application in automotive, filtration, construction, and environmental protection.
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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,
• 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
220.127.116.11. Increase in demand for geotextile from the developing economies
18.104.22.168. Rise in preference for non-woven technical fabrics
22.214.171.124. Growth in demand for construction textiles
126.96.36.199. Initiatives from the governing bodies for promoting the use of technical textiles
188.8.131.52. High costs of raw materials and finished goods
184.108.40.206. High toxic waste production
220.127.116.11. Recyclability improvement
3.5. Top player positioning, 2017
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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