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Technical Textile Market Comprehensive Analysis to 2027 : Top Key Players like Ahlstrom-Munksjo, Berkshire Hathaway Inc., Gse Environmental, Hindoostan Mills Limited

06-18-2019 06:44 AM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

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Technical Textile Market

Technical Textile Market

Textile refers to a flexible material constituting a network of natural or artificial fibers. Textile is formed as a result of knitting, weaving, knitting or tatting and felting or braiding. Technical textiles are those textile materials and products that are manufactured primarily for their technical and functional attributes. They are produced for non-aesthetic purposes, wherein function is the primary criterion. Technical textiles find their applications in automotive, medical textiles, geotextiles, agrotextiles and protective clothing. These textiles exhibit enhanced performances as compared to traditional or conventional textiles.

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The List of Top Ten Companies 1. Ahlstrom-Munksjo 2. Berkshire Hathaway Inc. 3. Freudenberg and Co. KG 4. Gse Environmental 5. Hindoostan Mills Limited 6. HUESKER Inc. 7. Koninklijke Ten Cate nv 8. Lanxess 9. Procter and Gamble 10. SRF Limited

The report analyzes factors affecting the technical textile market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the technical textile market in these regions.

The rise in the preference for non-woven technical fabrics has driven the technical textile market towards growth. Increase in the demand for construction textiles along with the initiatives of the government to promote the use of technical textiles are some other factors responsible for fuelling the growth of the market. However, high prices of raw material and finished goods together with a high volume of toxic waste generated during the production of technical textiles restricts the fruitful development of the technical textile market. Improvement in recyclability, innovation and value addition of technical textiles will foster the growth of the market in the years to come.

The global technical textile market is segmented on the basis of process, material, application and geography. On the basis of process the market classify into woven, non-woven, knitted and others. The market on the basis of material is broken into natural fiber, synthetic polymer, metal, mineral and regerated fiber. As per application the market is bifurcated into mobiltech, indutech, sportech, buildtech, hometech, clothtech, meditech, agrotech and others.

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