The global technical textiles market size stood at USD 213.68 billion in 2022. The market revenue is predicted to rise from USD 225.99 billion in 2023 to USD 346.67 billion by 2030, registering a CAGR of 6.3% from 2024 to 2030. The increasing need for textile materials to fulfil technical & performance requirements rather than decorative or aesthetical needs is driving the demand for technical textiles. Rapidly increasing industrial textiles are pushing key players to boost business expansion by enhancing their product portfolio & distribution networks. Fortune Business Insights presents this information in their “Technical Textiles Market Size Report, 2024–2030.”

List of Key Players Profiled in the Technical Textiles Market Report

DuPont de Nemours, Inc. (U.S.), Freudenberg Group (Germany), TenCate Fabrics (Netherlands), Asahi Kasei Company (Japan), Milliken & Company (U.S.), SKAPS Industries (U.S.), DELCOTEX DELIUS TECHTEX GMBH & CO. KG (Germany), Terram (Berry Global) (U.K.), International Fibres Group (U.K.), Officine Maccaferri S.P.A (Italy), Strata Geosystems (India), HUESKER Group (Italy), SRF Limited (India), Arrow Technical Textiles Private Limited (India), Johns Manville (U.S.)

Segments

Rapid Adoption of Fabrics in Automobiles, Aerospace, and Railways Boosted Mobiltech Segment Growth

By product type, the market is categorized into agrotech, buildtech, clothtech, geotech, hometech, indutech, meditech, mobiltech, packtech, protech, sportech, and oekotech. The mobiltech segment accounted for the largest technical textiles market share. Increasing adoption of fabrics in automobiles, aerospace, and railways is driving the segment growth.

Synthetic Segment Led the Market Owing to Its Superior Characterstics

In terms of fiber type, the market is bifurcated into natural and synthetic. The synthetic segment dominated the global market. Synthetic fibers include fibers made of polymers, metals, minerals, and other materials. They have superior characteristics such as durability, strength, stretching and strain tolerance, and others compared to their simple manmade fibers.

From the regional ground, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Report Coverage

The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment and prominent product categories. Moreover, the report offers valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes many factors that have boosted market expansion in recent times.

Drivers and Restraints

Rising Adoption of Geotextiles in Modern Civil Engineering Applications to Fuel Market Progress

The increasing need for geotextiles in modern civil engineering applications to enhance soil structure is augmenting market expansion. They enhance soil stability and decrease soil erosion due to wind or water. Geotextiles are highly preferred for filtration, drainage, sealing, protection, and reinforcement. They are ideal materials for the construction of roads, dams, bridges, and other infrastructures. Surging demand for eco-friendly fibers, including jute and coir, due to the increasing trend of sustainability in the construction industry is fostering the demand for technical textiles. The construction industry is set to create growth opportunities for geotextiles with the rising public-private investment in large-scale infrastructure projects. On the other hand, market growth is restrained by higher manufacturing costs of technical textiles.

Regional Insights

Developments in Healthcare, Construction, and Automotive Sectors Fostered Market Growth in Asia Pacific

The market in Asia Pacific was valued at USD 76.98 billion in 2022. Developments in the healthcare, construction, and automotive sectors drives the market growth.

Europe is the second leading region in the market. The growing usage of products in automobile applications is fostering market growth in the region.

Competitive Landscape

Top Market Players Focus on Partnerships to Increase Their Networks

Some of the leading companies in the market are Freudenberg Group, Asahi Kasei Company, and others. Key players are making strategic partnerships with small players to increase their networks and form new technical centers to realize consumer trends.

Key Industry Development

  • July 2021: Glen Raven aimed to invest around USD 82 million to increase its custom fabrics operation in North Carolina, U.S. With this investment, the company is set to increase its well-known fabric brands, including Sunbrella, Dickson, and GlenGuard, in end-use industries, such as automotive, military, upholstery, marine, geotextile, technical shading, and protective wear.

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