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Technical Textiles Market Size, Industry Share, Growth 2030
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The technical textiles market is segmented based on material, process, application, and region.
Based on the material, the market is segmented into the following:
• Natural Fiber
• Synthetic Polymer
• Metal Mineral
• Regenerated Fiber
Based on the process, the market is segmented into the following:
• Woven
• Knitted
• Non-Woven
Based on the application, the market is segmented into the following:
• Mobiltech
• Indutech
• Protech
• Buildtech
• Packtech
Based on application type, mobiltech holds the highest market share. The major factor for the rise of this segment is the extensive advantages of using mobile tech to produce various parts of the automobile sector such as seatbelts, seating upholstery, tire cords and others. Technical textile gaining popularity due to multiple applications, the durable, lightweight, high strength, versatile and customizable properties boost the demand in the market, the absorbing and insulating properties makes compatible for the use industries such as oil & gas and construction.
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Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Asia Pacific region is expected to grow significantly in the global technical textiles market size over the forecast period. It is attributed owing to the bulk availability of raw materials along with favourable growth of technical textile in the end use industries such as clothing packaging drives the market. In India it is experiencing fastest growing market in the technical textile. Rapid industrialization in the region accelerates the market growth and creating potential opportunities in the market.
Key players' profiles in the technical textiles market report are Asahi Kasei Corporation, Ahlstrom-Munksjö, Baltex, Berry Global, Inc., Berkshire Hathaway Inc, Dupont, Duvaltex, Freudenberg & Co. Kg, Gse Environmental, Huesker Synthetic Gmbh, Kama Holdings Limited, Koninklijke Ten Cate B, Mitsui Chemicals, Inc., Milliken & Company, and Skaps Industries
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