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Technical Textile Trends and Forecast
The future of the global technical textile market looks promising with opportunities in the mobiltech, sportech, buildtech, hometech, clothtech, meditech, and agrotech applications. The global technical textile market is expected to reach an estimated $242.6 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are growing consumer preference for protective clothing and increasing use of lightweight materials in automotive manufacturing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Technical Textile by Segment
The study includes a forecast for the global technical textile by material, technology, application, and region.
Technical Textile Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Natural Fiber
• Synthetic Polymer
• Mineral
Technical Textile Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Woven
• Knitted
• Non-Woven
• Others
Technical Textile Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Mobiltech
• Sportech
• Buildtech
• Hometech
• Clothtech
• Meditech
• Agrotech
• Others
Technical Textile Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Technical Textile Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies technical textile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the technical textile companies profiled in this report include-
• Asahi Kasei
• Kimberly Clarke
• Berry Global
• DuPont
• Mitsui Chemicals
• Low & Bonar
• Huntsman
Technical Textile Market Insights
Lucintel forecasts that synthetic polymer will remain the largest segment over the forecast period due to its rising use among industies given to its benefits including good quality and affordable cost.
Within this market, mobiltech will remain the largest segment due to expanding use of technical fabrics in the automotive industry, particularly in tire cables, seating upholstery, and seat belts.
APAC will remain the largest region over the forecast period due to rising demand for technical textiles from various end use industries, such as automobile, agriculture, geotextiles, industrial/military, medical/healthcare, and construction sector of the region.
Features of the Global Technical Textile Market
Market Size Estimates: Technical textile market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Technical textile market size by material, technology, application, and region in terms of value ($B).
Regional Analysis: Technical textile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, technologies, applications, and regions for the technical textile market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the technical textile market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the technical textile market size?
Answer: The global technical textile market is expected to reach an estimated $242.6 billion by 2030.
Q2. What is the growth forecast for technical textile market?
Answer: The global technical textile market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the technical textile market?
Answer: The major drivers for this market are growing consumer preference for protective clothing and increasing use of lightweight materials in automotive manufacturing.
Q4. What are the major segments for technical textile market?
Answer: The future of the technical textile market looks promising with opportunities in the mobiltech, sportech, buildtech, hometech, clothtech, meditech, and agrotech applications.
Q5. Who are the key technical textile market companies?
Answer: Some of the key technical textile companies are as follows:
• Asahi Kasei
• Kimberly Clarke
• Berry Global
• DuPont
• Mitsui Chemicals
• Low & Bonar
• Huntsman
Q6. Which technical textile market segment will be the largest in future?
Answer: Lucintel forecasts that synthetic polymer will remain the largest segment over the forecast period due to its rising use among industies given to its benefits including good quality and affordable cost.
Q7. In technical textile market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand for technical textiles from various end use industries, such as automobile, agriculture, geotextiles, industrial/military, medical/healthcare, and construction sector of the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the technical textile market by material (natural fiber, synthetic polymer, and mineral), technology (woven, knitted, non-woven, and others), application (mobiltech, sportech, buildtech, hometech, clothtech, meditech, agrotech, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Technical Textile Market, Technical Textile Market Size, Technical Textile Market Growth, Technical Textile Market Analysis, Technical Textile Market Report, Technical Textile Market Share, Technical Textile Market Trends, Technical Textile Market Forecast, Technical Textile Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Technical Textile Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Technical Textile Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Technical Textile Market by Material
3.3.1: Natural Fiber
3.3.2: Synthetic Polymer
3.3.3: Mineral
3.4: Global Technical Textile Market by Technology
3.4.1: Woven
3.4.2: Knitted
3.4.3: Non-Woven
3.4.4: Others
3.5: Global Technical Textile Market by Application
3.5.1: Mobiltech
3.5.2: Sportech
3.5.3: Buildtech
3.5.4: Hometech
3.5.5: Clothtech
3.5.6: Meditech
3.5.7: Agrotech
3.5.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Technical Textile Market by Region
4.2: North American Technical Textile Market
4.2.2: North American Technical Textile Market by Application: Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, and Others
4.3: European Technical Textile Market
4.3.1: European Technical Textile Market by Material: Natural Fiber, Synthetic Polymer, and Mineral
4.3.2: European Technical Textile Market by Application: Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, and Others
4.4: APAC Technical Textile Market
4.4.1: APAC Technical Textile Market by Material: Natural Fiber, Synthetic Polymer, and Mineral
4.4.2: APAC Technical Textile Market by Application: Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, and Others
4.5: ROW Technical Textile Market
4.5.1: ROW Technical Textile Market by Material: Natural Fiber, Synthetic Polymer, and Mineral
4.5.2: ROW Technical Textile Market by Application: Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Technical Textile Market by Material
6.1.2: Growth Opportunities for the Global Technical Textile Market by Technology
6.1.3: Growth Opportunities for the Global Technical Textile Market by Application
6.1.4: Growth Opportunities for the Global Technical Textile Market by Region
6.2: Emerging Trends in the Global Technical Textile Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Technical Textile Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Technical Textile Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Asahi Kasei
7.2: Kimberly Clarke
7.3: Berry Global
7.4: DuPont
7.5: Mitsui Chemicals
7.6: Low & Bonar
7.7: Huntsman
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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