Global Technical Textile Market Comprehensive Study 3M, DuPont, Ahlstrom, Johns Manville, HUESKER Group, DiloGroup, Hindoostan Technical Fabrics Limited, Procter & Gamble, Freudenberg Group, TenCate, GSE Environmental, Asahi Kasei, Kimberly-Clark

Some of the prominent trends that the market is witnessing include improved profitability as a result of aim, the introduction of the maintenance-as-a-service model in industries, increasing demand in Industry and growth opportunities and investment opportunities.

The report consists of the CAGR figures in the historic year 2017 the base year 2018 and forecast year 2019-2026 of the Technical Textile market which is subsequently affecting the industry

This report is segmented into manufactures, types, applications, and regions. Technical Textile market report shares details of upstream raw materials, downstream demand, and production value with certain important factors that can potentially lead to market growth. A market overview, competitive analysis, competition from manufacturers, new players, suppliers and vendors, regional output, type and application, volume and shares, sales value and product price, sales revenue and gross margin are some of the important points covered in this report.

Global Technical Textile Market, By Process (Knitted, Non-Woven, Woven and Others), Material (Regenerated Fiber, Mineral, Synthetic Polymer, Natural Fiber, Metal, High Performance Fiber and Others), By Application (Geotech, Oekotech, Mobiltech, Indutech, Packtech, Sportech, Protech, Buildtech, Agrotech, Hometech, Clothtech and Meditech), By Technology (Spinning, Weaving, Knitting, Finishing, Nanotechnology and Others), By Geography (Europe, Asia Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

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Technical textile is a high performance textile with special functionalities. Technical textile is used in a wide range of applications; most prominent are breathing masks, ropes, covers, belts, wound care products, diapers, bedding and others. They are also used as special accessory in different processes for the manufacturing of various products such as military uniforms, gloves, car covers, etc. The markets of technical textile is expanding in various industries such as packaging, sports, protective wears any many more.

Further, the textile industry is the largest consumer industry and plays a vital role to increase the economical rate. Technical textiles are used in various applications in different industries including automotive, personal care, hygiene, agro, home care and construction and building. Thus the wide applicability of technical textile is considered as a major factor, fuelling the market growth.

Growing promotional events and investment towards the textile industries by various governmental bodies, to promote the manufacturers and suppliers in the developments is leading to the growth of the market in the forecast period.
Global Technical Textile Market is projected to register a healthy CAGR of 10.4% in the forecast period of 2019 to 2026.

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.

Competitive Analysis: Global Technical Textile Market

Some of the major players operating in this market are DuPont, Ahlstrom-Munksjö, Freudenberg Performance Materials, Koninklijke Ten
Cate bv, Lenzing Plastics, Low & Bonar, Mitsui Chemicals, Inc., Alexium International, Berry Global Inc., DeRoyal Industries, Inc, Swift Textile Metalizing LLC, Toyobo Co., Ltd., Asahi Kasei Corporation, SRF Limited, ITG Company and others

Business Expansion:

• In September 2018, Asahi Kasei Corporation has completed the acquisition of Sage Automotive Interiors, Inc. (Sage). Sage Automotive Interiors is the U.S based manufacturer of interior. Sage Automotive Interiors is a leading global supplier of specialty-designed, high-performance technical textiles for the automotive industry and now company will be the wholly owned consolidated subsidiaries of Asahi Kasei Corporation.

• In November 2017, DuPont Protection Solution announced the collaboration with Belkin, a market leader in mobile accessories for the development of premium line of cables built with DuPont Kevlar for extreme durability.

• In June 2018, DuPont Safety & Construction, a business unit of DowDuPont Specialty Products Division announced that they will invest more than $400 million to expand the capacity for the manufacturing of Tyvek nonwoven material

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.

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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

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