Technical textile is popular for their superior properties such as excellent resistance to flame and heat, high tensile strength and modulus, and resistance to chemical products. Moreover, the mechanical properties of technical textiles can be modified by the use of different raw materials as per the requirement. Pharmaceutical, construction, automobile, and chemical are some of the key end-user industries of the technical textile.
The global technical textiles market is expected to surpass US$ 276.4 Bn in terms of value by the end of 2028.
Global Technical Textiles Market: Drivers
Growth in the construction industries across the BRIC region is expected to fuel the market growth of the technical textile. Rapid growth in infrastructural activities especially in BRIC is fueling demand for Buildtex – a technical textile. Technical textile is more durable and effective when compared to traditional textile materials. Buildtex is primarily used in construction and architectural applications, therefore growth in the construction industries across the BRIC region is accelerating the market growth.
Global Technical Textiles Market: Opportunities
Governments of various countries are promoting the use and production of the technical textiles industry through various initiatives. This is projected to bring profitable market opportunities in the near future. The textile industry significantly contributes to the GDP of major countries. Governments are offering taxation benefits on the import of the product. Thus, growing such initiatives by government to promote the use of technical textiles is expected to propel the market growth over the forecast period.
Global Technical Textiles Market: Recent Developments
Global Technical Textiles Market: Restraints
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.
Global Technical Textiles Market - Impact of Coronavirus (Covid-19) Pandemic
Emergence of Covid-19 has increased demand for textiles that offer antimicrobial properties. Globally, as of 6:49pm CEST, 8 October 2021, there have been 236,599,025 confirmed cases of COVID-19, including 4,831,486 deaths, reported to WHO. As of 10 October 2021, a total of 6,364,021,792 vaccine doses have been administered. Antimicrobial protection for public transport can play a major role in limiting the spread of infections. Players in the market may focus on offering technical textiles that offer such properties.
The development of micro-encapsulation technology (enabling active substances to be fixed to the surface of the fibre or fabric) means many non-woven fabrics can be perfumed or anti-bacterial. Newer fibres like Lyocell can be made into non-woven fabrics, giving better absorption and high wet strength for products such as medical swabs.
Continuous product innovation by the key manufacturer is one of the growing trends in the market. For instance, in June 2020, Arvind Limited announced the launch of anti-viral textile technology for its fabric and garment products. The company has launched the product under its existing fabric brand, Intellifabrix, and will be made available across 8,000 retail stores across India. Thus, continuous product innovation by the key manufacturer is projected to foster market growth.
Antibacterial textiles are gaining traction in the market. For instance, in June 2020, Arvind Limited, India’s launched anti-viral textile technology in partnership with HeiQ Materials AG in association with Taiwanese Specialty chemical major M/S Jintex Corporation. Studies show that viruses and bacteria can remain active on textile surfaces for up to two days. Garments treated with HeiQ Viroblock actively inhibit viruses and kill them upon contact, helping to minimize the potential for re-transmission of pathogens through clothing.
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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
June 2019: Milliken & Company (“Milliken”), a global diversified manufacturer with more than a century and a half of textile expertise, announced that it has signed a definitive agreement to acquire Polartec, LLC (“Polartec”), a brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management, LLC.
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