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Technical Textiles Market Overview: Major Segments, Strategic Developments, and Leading Companies
Technical Textiles Market
Projected Market Value and Growth of the Technical Textiles Market
The technical textiles market is forecasted to reach a substantial valuation of $329.23 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.6%. This expected growth is fueled by several factors including heightened investments in smart textile technologies, escalated demand for sustainable technical fibers, and expanded applications in healthcare textiles. Additionally, the increasing use of protective clothing and the integration of advanced materials further contribute to this upward trajectory. During the forecast period, notable trends such as a surge in demand for high-performance functional textiles, wider adoption of non-woven technical fabrics, growing medical and hygiene uses, expansion of lightweight transport textiles, and a stronger emphasis on durability and strength will shape the market landscape.
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Prominent Companies Leading the Technical Textiles Market
The competitive landscape of the technical textiles market features several influential players, including Asahi Kasei, Kimberly-Clark Corporation, Berry Global Group Inc., DuPont de Nemours Inc., Mitsui Chemicals Inc., Freudenberg & Co KG, Low & Bonar Group plc., Toyobo Co Ltd., Milliken & Company, SRF Limited, Koninklijke Ten Cate B.V., 3M Company, Ahlstrom-Munksjö Oyj, SKAPS Industries, Johns Manville Corporation, Companhia Providência Indústria e Comércio, Fiberweb PLC, Strata Geosystems Pvt. Ltd., The TWE Group GmbH, Ibena Textilewerke GmbH, Officine Maccaferri S.p.A., Duvaltex Inc., Hindoostan Mills Company Limited, GSE Environmental Inc., and Polymer Group Inc.
Significant Acquisition Highlighting Market Consolidation
In October 2023, COISNE et LAMBERT, a France-based leader specializing in technical textiles for professional clothing and personal protective equipment (PPE), acquired Infinity Group, a French company known for technical knitted fabrics. Although the financial details were undisclosed, this acquisition aims to create a leading force in the European and global technical textiles markets. It also intends to enhance the range of services and solutions offered to customers, supporting their growth in this niche sector.
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How Product Innovation and Sustainability Will Shape the Market
Key market players are increasingly focusing on innovation, particularly around sustainable products, to enhance their offerings. Sustainable technical textiles are designed to minimize environmental, social, and economic impacts throughout their lifecycle. Typically, these products incorporate eco-friendly materials such as recycled, organic, or bio-based fibers, which reduce reliance on new resources and lessen production footprints. For example, in July 2024, Freudenberg Performance Materials Apparel, a US-based supplier, inaugurated a cutting-edge factory dedicated to manufacturing Comfortemp, a high-performance thermal insulation material widely used in fashion and sportswear. This facility marks a significant step in advancing sustainable and innovative textile products.
In-Depth Segment Breakdown of the Technical Textiles Market
This report categorizes the technical textiles market based on multiple dimensions to provide a comprehensive overview:
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
Further segmentation includes:
- Natural Fibers such as Cotton, Wool, Silk, Jute, Hemp, and others
- Synthetic Polymers including Polyester, Nylon, Polypropylene, Polyethylene, Aramid, and more
- Regenerated Fibers like Viscose, Lyocell, Modal, Acetate, among others
- Mineral-Based Textiles such as Glass Fiber, Carbon Fiber, Asbestos, and others
- Metal Fibers including Stainless Steel, Aluminum, Copper, and additional metal fibers
Together, these segments paint a detailed picture of the technical textiles market, highlighting its complexity and the diverse range of materials and applications driving its growth.
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