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 is versatile, which makes it desirable for several applications for 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 valued at US$ 203.23 Bn in 2022 in terms of revenue, exhibiting a CAGR of 5.29% during the forecast period (2023-2030).
Growth in the automotive sector across emerging markets
Robust growth in the automotive sector across emerging industries is propelling the market growth of technical textiles. The increasing use of technical textiles to develop lightweight vehicles and to increase fuel efficiency is accelerating the market growth of technical textile. Moreover, technical textile is used in components such as air-bags and seat belts. Also, emerging markets in countries such as India and China are projected to play a significant role in driving the demand for Mobiltech textiles.
Rise in the number of manufacturing industries
The rise in the number of various manufacturing industries around the globe is boosting the demand for Indutech (an industrial textile) 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 fabric.
Figure 1. Global Technical Textile Market Value Share (%), By Region, 2022
Asia Pacific dominated the global technical textiles market in 2022, accounting for 44.66% share in terms of revenue, followed by North America and Western Europe.
Expensive as compared to conventional textiles
Technical textiles are expensive as compared to conventional textiles. This is attributed to the high costs associated with raw materials and production costs of technical textiles. For example, the polymerization process used in the creation of technical textiles is more capital intensive as compared to conventional textiles. Moreover, the technical textile manufacturing process requires more technically trained workers, which in turn adds to the costs of finished goods produced from technical textiles.
|Base Year:||2022||Market Size in 2022:||US$ 203.23 Bn|
|Historical Data for:||2018-2021||Estimated Year:||2023|
|Forecast Period 2023 to 2030 CAGR:||5.29%||Forecast Period:||2023-2030|
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
|Restraints & Challenges:||
Increasing disposable income and changing lifestyle of 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 manufacturers 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 Value Share (%), By Application, 2022
Technical Textiles Market, Segment Analysis by Application:
The key 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. These players are engaged in developing innovative products to meet the emerging consumer trends. Moreover, they focus on providing high-quality products to their consumers to retain their market share.
Major players operating in the global Technical Textile market include Low & Bonar PLC, Ahlstrom Group, E. I. DuPont de Nemours and Company (DuPont), 3M Company, Polymer Group Inc., Milliken & Company Inc., Arville Textiles Ltd., Dickson-Constant, Baltex, and Freudenberg & Co. KG.
Technical textile is a specialized textile used not only in the automotive and transportation industry, but also in other industries as well. The selection of textile concentrate majorly on aspects such as visual appeal, safety, and comfort. For this reason, technical textile specialists must have strong understanding of the customer's requirement and taste, and must be able to translate them into designing and printing specifications, in line with specific customer needs. Furthermore, technical textile designers must also have knowledge of different fabrics, such as nylon, silk, velour, and leather and should be able to create a design that is compatible and complementary to each of these fabrics. The technical textiles are the products which have the higher performance qualities as compared to traditional textiles. The type of materials used for manufacturing comprises synthetic fibers and natural fibers. Synthetic fibers which are used for the application are manufactured by the combination of some special chemical process on number of natural fibers to impart a new properties in them. These fibers have greater qualities such as higher strength than the manmade fibers and hence they are having use in not only for apparel but also for the other different applications such as in medical fields and automotive.
Increasing investment in R&D of new high-performance woven textile solutions is expected to propel growth of the global technical textiles market over the forecast period. For instance, in February 2020, Quantum Materials announced to invest US$ 3.5 million to further diversify its business with customized state-of-the-art manufacturing equipment for research and development of non-traditional and high-performance woven textile solutions.
Launch of new products is expected to propel growth of the global technical textiles market over the forecast period. For instance, in August 2021, Carrington Textiles, a maker of personal protective equipment (PPE), has announced that six of its flame retardant fabrics have been granted RU status for ‘flame resistant clothing for protection of industrial employees against short-duration thermal exposures from fire.’ The RU mark, is a status recognized by UL, a global safety certifying authority that is part of the Occupational Safety and Health Administration.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section
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