September 23, 2021

Technical Textile Market to Exceed US$ 251.82 Billion by 2027

Precedence Research has published a new report titled Technical Textile Market (By Manufacturing: 3D Weaving, Thermo-forming, 3D Knitting, Heat-set Synthetics, Nanotechnology, Hand-made Elements, Finishing Treatments, and Others; By End-use: Buildtech Textiles, Agro Textiles, Indutech Textile, Medtech Textile, Hometech Textile, Packtech Textile, Transtech Textile, Protech Textile, Clothtech Textile, Sportech Textile, and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027″, the global technical textile market size is expected to grow US$ 251.82 Billion by 2027, decelerating at a CAGR of over 4.6% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The global technical textile market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the technical textile industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global technical textile Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Market Estimations:

Market Was Valued In 2019 US$ 175.73 Billion
Market Is Projected To Grow By 2027 US$ 251.82 Billion
Compound Annual Growth Rate (CAGR) 4.6 percent from 2020 to 2027

Technical textiles are the products that have higher performance qualities compared to conventional textiles. Types of materials used in manufacturing include synthetic and natural fibers. The synthetic fibers used for the technical textile application are manufactured through the implementation of some special chemical processes on different natural fibers to include some new properties to the fiber. These fibers possess greater qualities that include higher strength compared to manmade fibers; hence, they are largely used wide range of applications including automotive, medical, apparel, and others.

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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.

Report 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

COVID-19 Impact on Technical Textile Market Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the technical textile market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Precedence Research’s study predicts gradual recovery for the technical textile market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players & Strategies

The technical textile industry is highly competitive because of large number of market players present in the market on both international as well as regional level. The market players are significantly involved in the product upgradation and enhancement to gain the competitive edge on the global scale. For the same, they invest notably in the research & development activity. For instance, in 2017, Ahlstrom-Munksjo introduced a breathable impervious fabric designed for clean room apparel protection and blood borne pathogens named Pure Armor. This assists the company in establishing a prominent position in the global market for technical textile.

Some of the key players operating in the market are B&V Agro Irrigation Co., LudvigSvensson, 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, BeniplastBenitex SA, Freudenberg Group, and Ahlstrom-Munksjo among others.

Segments Covered in the Report

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

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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