Press release
Technical Textile Market 2024 to 2032 Industry Size, Growth Factors and Market Challenges
Technical Textile Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/1841
Prime Determinants of Growth
The global technical textile market is driven by rising demand from various end-use sectors. Technical textiles find extensive applications across industries such as automotive, healthcare, construction, sports and outdoor, and protective clothing. The automotive industry utilizes technical textiles for interior components, airbags, and filtration systems, while the healthcare sector relies on medical textiles for wound care, implants, and surgical clothing. However, high costs of technical textiles may restrain market growth.
Drivers: Increase in demand for geotextile from developing economies, rise in preference for non-woven technical fabrics.
Opportunity: Recyclability improvement.
Restraint: High toxic waste production.
Market Segmentation Insights
By Material: The synthetic polymers/fibers segment accounted for the largest share in 2022, contributing to more than half of the global technical textile market revenue. This segment is expected to maintain its lead position during the forecast period due to the increasing use in automotive, clothing, construction, and other applications. Increasing population and urbanization are expected to drive the growth of the synthetic fiber market. The trend of lightweight accessories for electric vehicles and lifestyle changes demanding well-furnished homes further fuel market growth.
By Process: The woven segment accounted for the largest share in 2022, contributing to more than five-eighths of the global technical textile market revenue. The durability, strength, stability, and porosity control of woven textiles drive their demand in heavy applications like highway engineering and airport runway construction.
By End-Use Application: The MobilTech segment accounted for the largest share in 2022, contributing to more than one-sixth of the global technical textile market revenue. Woven textiles are increasingly used in automotive applications for their durability and performance.
Regional Insights
Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global technical textile market. The region is projected to register the highest CAGR of 6.2% during the forecast period, with significant growth expected in India due to developing end-user sectors, rising awareness, and government initiatives.
Leading Market Players
- Bruck Textiles
- Gelvenor Textiles
- Lanxess
- NIKOL Advance Materials Pvt. Ltd
- Sanrhea Technical Textiles Limited
- Arville Textiles Limited
- L. van Heek Textiles bv
- Hiltex Technische Weefsels B.V.
- Delcotex
- Aurich Textiles GmbH
The report provides a detailed analysis of these key players, highlighting their business performance, operating segments, product portfolios, and strategic moves to showcase the competitive scenario.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/technical-textile-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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