Press release
Technical Textiles Market to be Valued at USD 346.67 Billion by 2032 | Asia Pacific dominated the technical textiles market with a market share of 36.03% in 2022
technical textiles market
The increasing need for textile materials to fulfil technical & performance requirements rather than decorative or aesthetical needs is driving the demand for technical textiles. Rapidly increasing industrial textiles are pushing key players to boost business expansion by enhancing their product portfolio & distribution networks.
Fortune Business Insights presents this information in their report titled "Technical Textiles Market Size, Share, Growth, 2024-2032."
๐ฎ๐๐ ๐ ๐ญ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/technical-textiles-market-102716
List of Key Players Profiled in the Technical Textiles Market Report
DuPont de Nemours, Inc. (U.S.), Freudenberg Group (Germany), TenCate Fabrics (Netherlands), Asahi Kasei Company (Japan), Milliken & Company (U.S.), SKAPS Industries (U.S.), DELCOTEX DELIUS TECHTEX GMBH & CO. KG (Germany), Terram (Berry Global) (U.K.), International Fibres Group (U.K.), Officine Maccaferri S.P.A (Italy), Strata Geosystems (India), HUESKER Group (Italy), SRF Limited (India), Arrow Technical Textiles Private Limited (India), Johns Manville (U.S.)
Technical Textiles Segments
Rapid Adoption of Fabrics in Automobiles, Aerospace, and Railways Boosted Mobiltech Segment Growth
By product type, the market is categorized into agrotech, buildtech, clothtech, geotech, hometech, indutech, meditech, mobiltech, packtech, protech, sportech, and oekotech. The mobiltech segment accounted for the largest technical textiles market share. Increasing adoption of fabrics in automobiles, aerospace, and railways is driving the segment growth.
Synthetic Segment Led the Market Owing to Its Superior Characterstics
In terms of fiber type, the market is bifurcated into natural and synthetic. The synthetic segment dominated the global market. Synthetic fibers include fibers made of polymers, metals, minerals, and other materials. They have superior characteristics such as durability, strength, stretching and strain tolerance, and others compared to their simple manmade fibers.
From the regional ground, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Technical Textiles Report Coverage
The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Moreover, the report offers valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/get-a-quote/technical-textiles-market-102716
Drivers and Restraints
Rising Adoption of Geotextiles in Modern Civil Engineering Applications to Fuel Market Progress
The increasing need for geotextiles in modern civil engineering applications to enhance soil structure is augmenting market expansion. They enhance soil stability and decrease soil erosion due to wind or water. Geotextiles are highly preferred for filtration, drainage, sealing, protection, and reinforcement. They are ideal materials for the construction of roads, dams, bridges, and other infrastructures. Surging demand for eco-friendly fibers, including jute and coir, due to the increasing trend of sustainability in the construction industry is fostering the demand for technical textiles. The construction industry is set to create growth opportunities for geotextiles with the rising public-private investment in large-scale infrastructure projects.
On the other hand, market growth is restrained by higher manufacturing costs of technical textiles.
Regional Insights
Developments in Healthcare, Construction, and Automotive Sectors Fostered Market Growth in Asia Pacific
The market in Asia Pacific was valued at USD 76.98 billion in 2022. Developments in the healthcare, construction, and automotive sectors drives the market growth.
Europe is the second leading region in the market. The growing usage of products in automobile applications is fostering market growth in the region.
Competitive Landscape
Top Market Players Focus on Partnerships to Increase Their Networks
Some of the leading companies in the market are Freudenberg Group, Asahi Kasei Company, and others. Key players are making strategic partnerships with small players to increase their networks and form new technical centers to realize consumer trends.
Key Industry Development
July 2021: Glen Raven aimed to invest around USD 82 million to increase its custom fabrics operation in North Carolina, U.S. With this investment, the company is set to increase its well-known fabric brands, including Sunbrella, Dickson, and GlenGuard, in end-use industries, such as automotive, military, upholstery, marine, geotextile, technical shading, and protective wear.
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐ - https://www.fortunebusinessinsights.com/technical-textiles-market-102716
Detailed Table of Content Research Report, 2024-2032
1 Market Overview
2 Market Upstream and Downstream Analysis
3 Players Profiles
5 Global Sales, Revenue, Price Trend by Type
6 Global Market Analysis by Application
7 Global Market Sales and Revenue Region Wise (2017-2022)
8 Global Market Forecast (2024-2032)
9 Industry Outlook
10 Research Findings and Conclusion
11 Appendix
Continuedโฆ
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