Press release
Technical Textile Market Comprehensive Industry Analysis and Innovations Forecasted to 2032
Technical Textile Market
Key Drivers of Growth:
The rise in demand for technical textiles across various industries such as automotive, healthcare, construction, and protective clothing is a major growth driver. For instance, in the automotive sector, technical textiles are used for interior components, airbags, and filtration systems, while the healthcare industry relies on them for surgical clothing and wound care. However, the high production costs associated with technical textiles may limit market expansion.
Market Insights
Material Segment:
Synthetic Polymers/Fibers held the largest share in 2022, contributing more than half of the global market. The demand for synthetic fibers, used in automotive, construction, and home furnishing applications, is expected to grow due to factors like increasing urbanization and the rising popularity of lightweight materials in electric vehicles.
Process Segment:
Woven textiles dominated in 2022, making up over five-eighths of the market share. Woven textiles are used in various heavy-duty applications such as highway and airport runway construction, providing key benefits like durability, strength, and porosity control.
End-Use Application Segment:
MobilTech (technical textiles used in transportation) accounted for the largest market share in 2022. The growth of woven textiles in the automotive and construction industries is expected to further boost this segment.
Regional Outlook:
The Asia-Pacific region led the global market in 2022, accounting for over 40% of the market's revenue. The region is projected to grow at the highest CAGR of 6.2% through 2032, driven by developments in healthcare, automotive, and construction sectors, along with government initiatives and rising awareness.
Key Market Players:
Notable companies in the technical textile market include Bruck Textiles, Gelvenor Textiles, Lanxess, NIKOL Advance Materials Pvt. Ltd, and Sanrhea Technical Textiles Limited. These players have adopted strategies such as product launches, collaborations, and joint ventures to strengthen their market presence.
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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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