Technical Textile Market Size, Share, Growth, Trends, Applications and Industry Strategies to 2029


Posted February 1, 2023 by pranit10

Technical Textile Market was valued US$ 205.30 Bn in 2021 and is expected to reach 338.50 Bn by 2029, at a CAGR of 6.45 % during a forecast period.

 
Technical Textile Market Overview:

By performing a micro level analysis of each country, it was possible to calculate the total market size by segments and nations. The regional and global market sizes are estimated using a bottom-up approach. By micro-analysing each nation, it is possible to determine what percentage of the overall market the unorganised market makes up. The business structure must thoroughly investigate the Technical Textile market's drivers, constraints, and opportunities. The findings are then confirmed by speaking with well-known local businessmen. The secondary investigation and analysis employ data from both for-profit and open-source sources. Data about each player's output and consumption is gathered from a variety of sources, such as open and closed registries and, in the case of publicly traded companies, the company's financial reports. You could get in touch with the tax division of your local government if financial records are not made public.

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Technical Textile Market Dynamics:

Technical textiles are efficient fabrics that find use in a variety of end-use industries such as automobiles, construction, and others. These materials outperform traditional textiles in terms of performance.

One of the key drivers for the global technical textile market is the growing preference for non-woven technical fabrics. Growing demand for construction textiles, as well as an increase in government initiatives to promote the use of technical textiles, are expected to drive demand for these products, resulting in global technical textile market growth. Furthermore, the high cost of raw materials and finished goods, as well as an increase in toxic waste generation during textile material production, are expected to limit the growth of the global technical textile market.

Technical Textile Market Segment:

In the global technical textile market, the mobiltech segment is expected to grow at a rapid CAGR. This expansion can be attributed to the thriving automobile industry in many countries, including the UAE, Japan, and Germany. The increasing use of technical textiles in a variety of automotive applications such as seat belts, seating upholstery, tyre cords and linear, and others is expected to drive technical textile demand.

The global technical textile market is expected to be dominated by the composite segment. The market's dominance is attributed to the development of the marine industry, which has enabled the demand for glass fibres, as well as an increase in demand for reinforced composites in the industrial and construction sectors. The use of composites in the aerospace industry is increasing.

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Technical Textile Market Key players:

Asahi Kasei Corporation
Delfingen Industry S.A
DowDuPont
DSM Dyneema BV
Huesker Synthetic GmbH
Johns Manville
Kimberly-Clark Worldwide, Inc.
Fibertex Nonwovens A/S
Freudenberg SE
Global Synthetics Pty. Ltd.
GSE Environmental, Inc.
Hanes Geo Components
Hindoostan Composite Solutions
Lenzing Plastics GmbH & Co KG
Low & Bonar PLC
Regional Analysis:

The five primary geographical regions of the Technical Textile market are North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Research methodology:

Top-down and bottom-up methods are used to estimate and validate the size of the worldwide Technical Textile market. Participants diligently adhere to the many classification requirements set forth by the firm to compile a comprehensive list of notable and active players. The businesses that are most relevant to the market under consideration are chosen after a thorough validation procedure.
Preference lists are arranged using commercial databases like Factiva, Bloomberg, and others in accordance with the revenue generated in the most recent quarter.
In addition, the questionnaire was created expressly to meet all requirements for appointment-only primary data collection based on the key target categories. This facilitates our ability to gather data on a variety of topics, including player earnings, operating costs, profit margins, and the expansion of various commodities and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, and other sources are used to verify about 70-80% of the data before usage.
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Categories Technology
Tags technical textile market
Last Updated February 1, 2023