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Technical Textiles Market to Record 8.8% CAGR Growth Through 2029 | Global Analysis Report
Technical Textiles Market Size
Technical Textiles Market Outlook: How is the Market Expected to Grow by 2025?
The market size of technical textiles has seen impressive growth over the years. The expected increase is from $237.87 billion in 2024 to $253.94 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.8%. The historical growth has been influenced by factors such as infrastructure development, environmental consciousness, industrial expansion, safety and protection regulations, and the requirements of the military and defense sector.
Technical Textiles Market Forecast: What Size Will It Reach By 2029?
The market size for technical textiles is projected to experience robust growth in the ensuing years, ballooning to $355.99 billion in 2029 at a CAGR of 8.8%. The anticipated growth during the forecast timespan can be credited to aspects such as environmental sustainability with eco-friendly materials, upgrades in infrastructure, applications in aerospace and defense, circular economy strategies, and breakthroughs in smart textiles. The forecast period is also likely to see major trends like the application of nanotechnology in textiles, the utilization of 3D printing technology, biodegradable technical textiles, digital printing, and the use of robotics in textile manufacturing.
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Which Key Market Drivers Will Shape Technical Textiles Industry Trends in 2025-2029?
The surge in the need for technical textiles from end users is anticipated to propel this market in the future. The growing popularity of medical clothing and heightened awareness of hygiene product usage act as catalysts for the market's growth. The demand for protective ballistic armors will be fueled by escalating military spending, as well as the growth of local radical insurgencies and the corresponding rise in casualties, thereby augmenting the global demand for technical textiles. For example, as per Nikkei Asia, a leading financial newspaper in Japan, Australia's government has put forth a defense budget for the financial year 2023 (July 2023 to June 2024); a staggering 42.9 billion Australian dollars ($29 billion), which is 6.3% of its total public expenditure for that year, which marks an increase from the 5.9% share predicted in October the previous year. Thus, the escalating demand across various industries is perceived to significantly bolster the technical textiles market's expansion.
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What Are the High-Growth Segments in the Technical Textiles Market?
The technical textiles market covered in this report is segmented -
1) By Material: Natural Fiber, Synthetic Polymer, Regenerated Fiber, Mineral, Metal
2) By Process: Woven, Knitted, Non-woven
3) By Application: Transport Textiles, Medical And Hygiene Textiles, Industrial Products And Components, Agriculture, Horticulture, And Fishing, Home Textiles, Clothing Components, Packaging And Containment
Subsegments:
1) By Natural Fiber: Cotton, Wool, Silk, Jute, Hemp, Other Natural Fibers
2) By Synthetic Polymer: Polyester, Nylon, Polypropylene, Polyethylene, Aramid, Other Synthetic Polymers
3) By Regenerated Fiber: Viscose, Lyocell, Modal, Acetate, Other Regenerated Fibers
4) By Mineral: Glass Fiber, Carbon Fiber, Asbestos, Other Mineral-Based Textiles
5) By Metal: Stainless Steel Fiber, Aluminum Fiber, Copper Fiber, Other Metal Fibers
Which Global Trends Are Driving Technical Textiles Market Expansion?
The evolution of modern technology and incessant innovation are sculpting the technical textiles market. Integrated biometric clothing operates as connected textiles, gathering data on the discharges from respiration systems, offering fresh perspectives on user health and performance evaluation. For example, Carrington Textiles, a UK-based fabric manufacturer and supplier, introduced Spartan HT Flex Lite in March 2023. It's a lightweight and flexible fabric engineered for high-performance uses, typically found in workwear, outdoor attire, and other garment types where durability and comfort are vital.
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Who Are the Fastest-Growing Companies in the Technical Textiles Industry?
Major companies operating in the technical textiles market include Asahi Kasei Kimberly-Clark Corporation, Berry Global Group Inc., DuPont de Nemours Inc., Mitsui Chemicals Inc., Freudenberg & Co KG, Low & Bonar Group plc., Huntsman Corporation., Toyobo Co Ltd., Milliken & Company, SRF Limited, International Textile Group Inc., Koninklijke Ten Cate B.V., 3M Company, Ahlstrom-Munksjö Oyj, Johnson & Johnson, The Procter & Gamble Company, SKAPS Industries, Baltex, Johns Manville Corporation, Companhia Providência Indústria e Comércio, Fiberweb PLC, Strata Geosystems Pvt. Ltd., The TWE Group GmbH, Lanxess AG, Ibena Textilewerke GmbH, Officine Maccaferri S.p.A., Duvaltex Inc., Hindoostan Mills Company Limited, GSE Environmental Inc., Polymer Group Inc.
What Is the Regional Outlook for the Technical Textiles Market by 2029?
Asia-Pacific was the largest region in the technical textiles market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the technical textiles market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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