The technical textile market is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2027 and value to surpass around US$ 251.82 billion by 2027.
The technical textile market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
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This research report evaluates the technical textile market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global technical textile market for the period from 2017 to 2027.
Growth Factors
Increasing awareness of technical textile regarding its benefits compared to traditional textiles is considered as a major factor that is likely to boost the market growth. Some of its unique functional properties include durability, cost-effectiveness, low weight, high strength, versatility, eco-friendly, and logistical convenience. Hence, it is large used for wide range of applications that include automotive, construction, aerospace, packaging, apparel, agriculture, medical, and many others.
Growth in the automotive industry is likely to propel the demand for technical textile owing to its increased application for protective gears, floor covering, roof & door liners, tyres, safety devices, and seat covers. Nearly 50 square yards of the textile material is used on an average for interior trim of a car, thus increasing sale of vehicles is directly proportional to the increasing demand for automotive textiles.
Other than automotive, technical textiles are significantly used in agricultural applications because of its excellent mechanical properties, environmental resistance, easy processability as well as environmental durability characteristics that can enhance the quantity, quality, and safety of the agricultural products. It prevents the soil from drying out, thereby improving the product quality and increasing the crop yield. Furthermore, the specific textile also protects farmers from harmful chemicals as well as protects from climatic changes and its adverse effects. The aforementioned factors are likely to impel the market growth for technical textiles in the forthcoming years.
Market Report Scope
| Report Highlights | Details |
| Market Size | USD 251.82 Billion by 2027 |
| Growth Rate | CAGR of 4.6% From 2020 to 2027 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2020 to 2027 |
| Segments Covered | Manufacturing, End-use |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global technical textile market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global technical textile market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
Key Highlights
- The Asia Pacific led the market, accounting for nearly half of the value share in 2019 owing to the increasing demand for functional clothing and apparel in the region
- Europe examined to register an exponential growth during the analysis period owing to the increasing demand for technical textiles in fashion &clothing and household applications
- 3D weaving manufacturing technology held a market share of around 24% in 2019 attributed to the larger implementation of 3D weaving manufacturing technology in various industries
- 3D knitting manufacturing method registers escalating growth over the forecast timeframe as it permits improvements and alterations in the user interface
- Hometech textiles segment captured the highest value share of around 20% in 2019 because of its large application in household products
- Agro textiles witnesses prominent growth over the upcoming years because of its wide used in agriculture sector due to its functional benefits
- The Asia Pacific emerged as a front-runner in the global technical textile market accounting for a revenue share of nearly 46% in 2019 and expected to maintain its dominance over the forecast timeframe.
- Europe exhibits the fastest growth rate over the forthcoming years on account of rising construction activities along with surge in fashion & clothing applications.
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Competition Landscape
In the final section of the research report, Precedence Research provided the global technical textile market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.
Some of the major players in the technical textile market include:
- B&V Agro Irrigation Co.
- Ludvig Svensson
- Diatex
- Asahi Kasei Advance Corporation
- Mitsui Chemicals, Inc.
- Gromax Industries
- Huntsman International LLC
- Arrigoni S.p.A.
- Tessitura Boscato S.R.L.
- Hucktek – Huck Nets (UK) Ltd.
- MDB Texinov
- Low & Bonar PLC
- Beniplast Benitex SA
- Freudenberg Group
- Ahlstrom-Munksjo
Market Segmentation
By Manufacturing
- 3D Weaving
- Thermo-forming
- 3D Knitting
- Heat-set Synthetics
- Nanotechnology
- Hand-made Elements
- Finishing Treatments
- Others
By End-use
- Buildtech Textiles
- Agro Textiles
- Indutech Textile
- Medtech Textile
- Hometech Textile
- Packtech Textile
- Transtech Textile
- Protech Textile
- Clothtech Textile
- Sportech Textile
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Most Asked Questions –
What was the market size value of the technical textile in 2020?
What is the expected market size by 2027?
What is the technical textile market growth?
What are the key factors that positively influence market growth?
Who are the prominent players in the technical textile market?
Why Buy this Report?
The purpose of Precedence Research’s technical textile market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Technical Textile Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
4.4. Regulatory Framework
Chapter 5. COVID 19 Impact on Technical Textile Market
5.1. Covid-19: Technical Textile Industry Impact
5.2. Technical Textile Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Technical Textile Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Technical Textile Manufacturers to deal with Covid-19 Pandemic Scenario
Chapter 6. Technical Textile Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Expansion of Construction Sector
6.1.1.2. Increased Spending in Healthcare Industry
6.1.1.3. Rising Demand from Automotive Industry
6.1.2. Market Restraints
6.1.2.1. High Cost of Production
6.1.3. Market Opportunities
6.1.3.1. Increasing Spending on Defense & Aerospace
6.1.3.2. Increasing Spending on Infrastructure
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Global Technical Textile Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Technical Textile Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Technical Textile Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Technical Textile Market Production by Manufacturer (2015-2020)
7.1.1.4. Technical Textile Market Production Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Technical Textile Market, By Manufacturing
8.1. Technical Textile Market, by Manufacturing, 2016-2027
8.1.1. 3D Weaving
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Thermo-forming
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. 3D Knitting
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Heat-set Synthetics
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)
8.1.5. Nanotechnology
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.5.2. Market Production and Forecast (2016-2027)
8.1.6. Hand-made Elements
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.6.2. Market Production and Forecast (2016-2027)
8.1.7. Finishing Treatments
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.7.2. Market Production and Forecast (2016-2027)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.8.2. Market Production and Forecast (2016-2027)
Chapter 9. Global Technical Textile Market, By End-use
9.1. Technical Textile Market, by End-use, 2016-2027
9.1.1. Buildtech Textile
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Consumption and Forecast (2016-2027)
9.1.2. Agro Textile
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Consumption and Forecast (2016-2027)
9.1.3. Indutech Textile
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Consumption and Forecast (2016-2027)
9.1.4. Medtech Textile
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.4.2. Market Consumption and Forecast (2016-2027)
9.1.5. Hometech Textile
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.5.2. Market Consumption and Forecast (2016-2027)
9.1.6. PacktechTextile
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.6.2. Market Consumption and Forecast (2016-2027)
9.1.7. Transtech Textile
9.1.7.1. Market Revenue and Forecast (2016-2027)
9.1.7.2. Market Consumption and Forecast (2016-2027)
9.1.8. Protech Textile
9.1.8.1. Market Revenue and Forecast (2016-2027)
9.1.8.2. Market Consumption and Forecast (2016-2027)
9.1.9. ClothtechTextile
9.1.9.1. Market Revenue and Forecast (2016-2027)
9.1.9.2. Market Consumption and Forecast (2016-2027)
9.1.10. Sportech Textile
9.1.10.1. Market Revenue and Forecast (2016-2027)
9.1.10.2. Market Consumption and Forecast (2016-2027)
9.1.11. Others
9.1.11.1. Market Revenue and Forecast (2016-2027)
9.1.11.2. Market Consumption and Forecast (2016-2027)
Chapter 10. Global Technical Textile Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Production Forecast by Product (2016-2027)
10.1.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2016-2027)
10.1.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2016-2027)
10.1.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Production Forecast by Product (2016-2027)
10.2.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2016-2027)
10.2.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2016-2027)
10.2.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2016-2027)
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2016-2027)
10.2.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Forecast by Product (2016-2027)
10.3.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2016-2027)
10.3.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2016-2027)
10.3.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2016-2027)
10.3.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2016-2027)
10.3.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue and Production Forecast by Product (2016-2027)
10.4.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2016-2027)
10.4.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2016-2027)
10.4.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Forecast by Product (2016-2027)
10.5.2. Market Revenue and Consumption Forecast by Application (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2016-2027)
10.5.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2016-2027)
10.5.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2016-2027)
10.5.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2016-2027)
10.5.6.2. Market Revenue and Consumption Forecast (2016-2027)
Chapter 11. Company Profiles
11.1. B&V Agro Irrigation Co.
11.1.1. Company Overview, Business Information, Manufacturing Area
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. LudvigSvensson
11.2.1. Company Overview, Business Information, Manufacturing Area
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. Diatex
11.3.1. Company Overview, Business Information, Manufacturing Area
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. Asahi Kasei Advance Corporation
11.4.1. Company Overview, Business Information, Manufacturing Area
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Mitsui Chemicals, Inc.
11.5.1. Company Overview, Business Information, Manufacturing Area
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. Gromax Industries
11.6.1. Company Overview, Business Information, Manufacturing Area
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. Huntsman International LLC
11.7.1. Company Overview, Business Information, Manufacturing Area
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Arrigoni S.p.A.
11.8.1. Company Overview, Business Information, Manufacturing Area
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. Tessitura Boscato S.R.L.
11.9.1. Company Overview, Business Information, Manufacturing Area
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. Hucktek – Huck Nets (UK) Ltd.
11.10.1. Company Overview, Business Information, Manufacturing Area
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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