Press release
High-Performance Textile Market Growth and Restrain Factors Analysis Report
The Global High-Performance Textile Market Size is valued at 10.59 billion in 2022 and is predicted to reach 24.70 billion by the year 2031 at an 10.11% CAGR during the forecast period for 2023-2031.
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The demand for sophisticated textiles with exceptional durability, usefulness and physical qualities for novel and diverse high-tech applications to satisfy multiple end users and customers is anticipated to drive expansion in the global high-performance textile market. However, the market is primarily constrained by high production costs and a need for more skilled workers. High-performance fibers (HPF) will increasingly strengthen composite materials for military vehicles, aviation, telecommunications, and sporting goods. The slightly elevated textile industry is expanding on a global scale.
In the upcoming years, new trends are predicted to offer opportunities for the market to expand, including the 3d printing technology in high-performance textiles, rising premium car demand and the adoption of safety features in the automotive sector, new product developments in protective clothing, and rising sustainability awareness. Chemical and thermal resistance to the majority of chemical reagents, high wear resistance, non-conductivity, and excellent fabric integrity at high temps are some of the superior qualities that some greater fibers offer. The product also has a high stiffness and outstanding weight-to-strength ratio, making it extremely useful for aerospace applications.
List of Prominent Players in the High-Performance Textile Market:
• Arville
• Asahi Kasei Corporation
• Avient Corporation
• Baltex
• DuPont
• Freudenberg Performance Materials
• Hexcel Corporation
• High Performance Textiles Pvt. Ltd.
• Huvis Corp.
• Kermel
• Kolon Industries, Inc.
• Mitsui Chemicals, Inc.
• Performance Textiles
• Porcher Industries
• Toray Industries, Inc.
• Cass Materials
• Crosslink Composites, Inc.
• Fabiosys Innovations
• High Performance Textiles GmbH
• Spintex Engineering Ltd.
Market Dynamics:
Drivers-
The trend toward increased textiles in end-use sectors is expanding, producing demand for high-performance textiles. This is due to an increased global focus on high functionality, quality, durability, and sophisticated speciality materials. The aerospace and defense industries are particularly noticeable for the change. The market for high-performance textiles is expanding on a global scale. In the upcoming years, new trends are predicted to offer opportunities for the market to expand, including 3D technology in high-performance textiles, rising premium car demand and the adoption of safety features in the automotive sector, new product developments in protective clothing, and rising sustainability awareness.
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Challenges:
Compared to other products on the market, excellent-performance fibers are rather expensive. The market also anticipates difficulties with recycling these fibers may reduce market expansion prospects. Knowledge in emerging regions is the main issue, which is expected to slow market expansion. However, the economy is mostly restricted by the high manufacturing cost and a need for more qualified workers. However, the market growth over the anticipated period would be constrained by elements such as variations in raw material prices, rising costs associated with high-efficiency fibers, and strict statutes and regulations regarding high-carb materials.
Regional Trends:
The North American high-performance textile market is expected to register a major market share in revenue and is projected to grow at a high CAGR soon, owing to the presence of significant aircraft manufacturers. In addition, the regional market is anticipated to have positive growth patterns because of the region's increased defense expenditure, particularly in the United States. Numerous regulatory agencies established strict rules. Besides, Europe had a substantial market share due to its developed economy. Due to the expansion of the markets for dispersion composite materials in construction, electrical, and automotive manufacturing. Additionally, market growth is anticipated to be fueled by new product discoveries, reasonable raw material prices, and industry players' construction of production facilities.
Recent Developments:
• In Dec 2021, Huvis and Korea Textile Smart Processing Institute ad entered into an MOU for developing and commercialising cool-to-touch composite functional materials. According to the MOU, the two organizations are expected to create high-added value in the domestic cool-to-touch material industry by researching and developing products using cool-to-touch composite functional materials, developing production technologies, such as design, weaving, and dyeing and finishing technology, and cooperating in evaluating the performance of cool-to-touch materials.
• In Aug 2019, Arville now provided specialist textiles for an increasingly broad range of applications. The company, which initially weaved fabric for public transport uniforms, has a customer base in more than 50 countries supplying to varied sectors such as defence, aerospace, pharmaceutical, food, medical, automotive and filtration.
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Segmentation of High-Performance Textile Market-
By End-Use Application
• Aerospace and Defense
• Automotive and Transportation
• Sports
• Energy
• Chemical
• Other
By Fiber Type
• Aramid Fiber
• Carbon Fiber
• Glass Fiber
• High Strength Polyethylene Fiber
• Aromatic Polyester Fiber
• Others
By Technology
• Woven
• Non-woven
• Knitting
• 3D
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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