Technical Textiles Market Analysis

Technical textile is a textile that has superior functionality and is used for rubber items, floor coverings, insulating items, protective gear, and composites in automobiles. It has high performance and are versatile which makes them desirable for several applications such as industrial as well as domestic use. They are produced from different materials such as natural fiber, regenerated fiber, metal, and specialty fiber.

The global technical textiles market is estimated to be valued at US$ 202.5 Billion in 2021 and is expected to exhibit a CAGR of 4.5 % over the forecast period (2021-2028).

Recent Developments:

1. 7^th April 2020, Alchemie technology are announcing the accelerated launch of ‘Novara’ a breakthrough new high throughput digital precision technology for Technical Textile. Alchemie Novara technologies delivers high precision 2D patterned one or two sided functional coating to technical textile enabling truly unique multi-functional textile to be manufactured.
2. 24^th December 2020,Arville supports the rubber industry with high performance fabric .Arville’s technical team is experienced in the weaving of fabric that are designed for loading well ,accepting rubber matrices and producing exceptional strength to weight flexibility ratio.
3. 8^th September 2021, SVP global ventures to invest RS 100 cr to set up Technical textile facility at Jalandhar , Rajasthan .The company is looking to tap the opportunity in technical textile in which the government has recently introduced a production linked incentives (PLI).

Figure 1. Global Technical Textiles Market Value (US$ Bn), by Region, 2020

Asia Pacific Region held dominant position in the global technical textiles market in 2020, accounting for 7.20 % share in terms of volume, followed by Western Europe and North America, respectively.

Global Technical Textiles Market: Drivers

Robust growth in the automotive sector across emerging markets is propelling the market growth of the technical textile. The increasing use of technical textiles to develop lightweight vehicles and to increase fuel efficiency is accelerating the market growth of the technical textile. Moreover, the technical textile is also used in components such as air-bags and seat belts. Also, emerging markets such as India and China are projected to play a significant role in driving the demand for Mobiltech textiles.

The rise in the number of various manufacturing industries around the globe is boosting the demand for Indutech which is fueling the market growth of technical textiles. For instance, Indutech is one of the largest application segments in the technical textile market and its growth is directly associated with that of industrial production. This is projected to increase demand for various products under the Indutech textile segment such as woven filters, dust filters, industrial belts & hoses, and conveyor belt fabrics.

Global Technical Textiles Market: Opportunities

Growth in the Meditech due to increasing government and per capita spending on the healthcare industry around the globe is expected to bring new market opportunities. Moreover, rising health and hygiene awareness among emerging economies is again fueling demand for healthcare products such as sanitary napkins and baby diapers that are produced from technical textiles. Thus, the growing Meditech segment is projected to foster the market growth of the technical textile.

E-textile is emerging as a promising segment of technical textiles and this is expected to provide lucrative opportunities in the market. E-textile are also called smart textiles and are electrically conductive textiles. It is majorly used across different sectors such as medicine and sport. Moreover, various key manufacturers in the market are focusing on R&D activities in order to develop innovative technical textiles with enhancing wearability. Thus, expanding applications of e-textile is projected to foster market growth. 

Technical Textiles Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2021:	US$ 202.5 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	4.5%	2028 Value Projection:	US$ 276.4 Mn
Geographies covered:	Region: North America ,Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East Africa
Segments covered:	By Application: Agrotech, Buildtech, Hometech, Indutech, Sportech, Packtech, Mobiltech, Meditech, Clothtech, Geotech, Protech, Oekotech By Process: Non-woven, Composites, Others
Companies covered:	Low & Bonar PLC, Ahlstrom Group, E. I. du Pont de Nemours and Company (DuPont), 3M Company, Polymer Group Inc., Milliken & Company Inc., Arville Textiles Ltd., Dickson-Constant, Baltex, and Freudenberg & Co. KG
Growth Drivers:	Robust growth in the automotive sector across emerging markets Rise in the number of various manufacturing industries around the globe
Restraints & Challenges:	Use of non-bio-degradable and toxic substances as raw materials in the production of technical textiles

Market Trends:

Increasing disposable income and changing lifestyle of the consumers such as growing participation in sports activities due to growing health and wellness trend is projected to fuel the market growth. Moreover, increasing spending on functional and sports apparel that are part of Clothtech and Sportech segments is again expected to foster market growth. Thus, Clothtech and Sportech segments are expected to gain significant share in the market due to the growing purchasing power of the consumers.

Growing strategic mergers and acquisitions by the key manufacturer is one of the key trends in the market. This ongoing trend is expected to bolster the market growth over the forecast period. For instance, in May 2020, the global technology group Freudenberg acquired 100% of the shares in Low & Bonar PLC, London, U.K. Low & Bonar is a global manufacturer of technical textiles.

Figure 2. Global Technical Textiles Market Share, By Application, 2020

Key Takeaways of the Graph:

• Among Application, the Indutech held dominant position in the market and accounted for 28.4% share in the global technical textiles market in 2020. The segment is expected to reach US$ 44.3 Billion in 2028.
• Indutechis a subset of nonwovens in technical textiles which deals with textile materials used in a variety of industrial settings. The use of non-woven fabrics in industrial textiles is not far behind. At present various applications of this sector are being made by non-woven. Electrical components, conveyor belts, flame barriers, reinforced plastics, noise absorbents, battery separators are all made by non-woven.

Raw materials such as polyester and synthetic materials are used in the production of technical textiles. These materials are not easily bio-degradable and also exhibit toxic substances. These can affect environmental species and sustainability and in order to overcome with this governments around the globe have imposed strict environmental regulations for technical textile products. This factor is expected to hamper the market growth.

A growing number of SMEs in countries such as India and China have resulted in fragmentation in terms of market value share. This is leading to intense competition in the market. High competition in the market is acting as an entry barrier for new market players which in turn inhibiting the market growth of the technical textile.

Global Technical Textiles Market: Competitive Landscape

Major players operating in the global technical textiles market include, Low & Bonar PLC, Ahlstrom Group, E. I. du Pont de Nemours and Company (DuPont), 3M Company, Polymer Group Inc., Milliken & Company Inc., Arville Textiles Ltd., Dickson-Constant, Baltex, and Freudenberg & Co. KG

Recent Developments:

May 2020: The global technology group Freudenberg acquired 100% of the shares in Low & Bonar PLC, London, U.K. Low & Bonar is a global manufacturer of technical textiles.