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Technical Textiles Market Forecast 2023-2032 - Major Trends, Lucrative Segments And Fastest Growing Regions | Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg and Co., Low and Bonar
Technical Textiles Global Market Report
The Business Research Company's Technical Textiles Global Market Report 2023 identifies the increasing demand for technical textiles from end-users is expected to drive the demand in the forecast period. The increase in demand for medical apparel and raising awareness of hygiene products are driving the market. Increasing military expenditure and a rise in local extremist insurgencies and casualties will boost the demand for protective ballistic armors, thus increasing the demand for technical textiles globally.
The global technical textiles market size grew from $201.71 billion in 2022 to $213 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The technical textiles market size is expected to grow to $267.61 billion in 2027 at a CAGR of 5.9%.
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Major players in the technical textiles market are Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg and Co., Low and Bonar, Huntsman, Toyobo Co., Milliken and Company, SRF Limited, International Textile Group, Koninklijke Ten Cate, 3M, Ahlstrom, Johnson and Johnson, Procter and Gamble, SKAPS, Baltex, Johns Manville, Companhia Providência, Fiberweb PLC, Strata Geosystems Pvt. Ltd., The TWE Group, Lanxess, Ibena Textilewerke GmbH, Maccaferri, Duvaltex, Hindoostan Mills, GSE Environmental Inc., and Polymer Group Inc.
A key trend in the Technical Textiles market includes the Modern technological advancement and continuous innovations are shaping the technical textiles market. Interconnected biometric garments act as connected textiles to collect data on emissions from the respiratory systems, providing new ways to assess the health and performance of the user.
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The Technical Textiles market is segmented -
1) By Material: Natural Fiber, Synthetic Polymer, Regenerated Fiber, Mineral, Metal
2) By Process: Woven, Knitted, Non-woven
3) By Application: Transport Textiles, Medical And Hygiene Textiles, Industrial Products And Components, Agriculture, Horticulture, And Fishing, Home Textiles, Clothing Components, Packaging And Containment
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Technical Textiles market.
The Business Research Company's "Global Technical Textiles Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Technical Textiles Market Include:
1. Executive Summary
2. Technical Textiles Market Characteristics
3. Technical Textiles Market Trends And Strategies
4. Technical Textiles Market - Macro Economic Scenario
5. Technical Textiles Market Size And Growth
……
27. Technical Textiles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Technical Textiles Market
29. Technical Textiles Market Future Outlook and Potential Analysis
30. Appendix
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