What is Global Technical Textiles Market?
The Global Technical Textiles Market is a vast and dynamic sector that encompasses a wide range of products and applications. These textiles are engineered for their technical and functional properties, rather than their aesthetic or decorative characteristics. They are used in various industries, including automotive, aerospace, medical, and construction, among others. The market for these textiles is growing rapidly due to their superior performance and versatility. In 2022, the market was valued at a whopping US$ 186400 million. It is projected to reach US$ 246090 million by 2029, growing at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2029.
Nonwovens, Composite Textiles, Traditional Textiles in the Global Technical Textiles Market:
The Global Technical Textiles Market is segmented into Nonwovens, Composite Textiles, and Traditional Textiles. Nonwovens are fabrics made directly from fibers without the intermediate step of weaving or knitting. They are used in a variety of applications, including hygiene products, medical gowns, and geotextiles. Composite textiles are made by combining two or more different types of materials to create a product with enhanced properties. They are used in applications such as aerospace, automotive, and construction. Traditional textiles, on the other hand, are those that have been used for centuries for clothing and home furnishings. Despite the advent of modern materials, traditional textiles still hold a significant share of the market, accounting for about 50% of the total.
Agriculture, Auto, Electronic, Aerospace, Medical, Architective, Other in the Global Technical Textiles Market:
The Global Technical Textiles Market finds usage in a wide array of sectors. In agriculture, they are used in products like crop covers, shade nets, and mulch mats that help in crop protection and increase yield. In the automotive sector, they are used in seat covers, airbags, and tire cords. In the electronics industry, they are used in flexible printed circuit boards and insulation materials. In aerospace, they are used in parachute fabrics, seat upholstery, and insulation blankets. In the medical field, they are used in surgical sutures, implantable devices, and wound dressings. In architecture, they are used in roofing materials, awnings, and canopies. There are also other areas where these textiles find usage, such as in protective clothing, filtration products, and sports equipment.
Global Technical Textiles Market Outlook:
The market outlook for the Global Technical Textiles Market is quite promising. In 2022, the market was valued at US$ 186400 million. It is expected to grow at a CAGR of 4.0% from 2023 to 2029, reaching US$ 246090 million by the end of the forecast period. The market is dominated by the top five players, who collectively hold a market share of about 8%. The largest market for technical textiles is Asia-Pacific, which accounts for about 30% of the total market. This is followed by North America and Europe, which together account for about 25% of the market. In terms of product types, traditional textiles hold the largest share, accounting for about 50% of the market.
| Report Metric | Details |
| Report Name | Technical Textiles Market |
| Accounted market size in 2022 | US$ 186400 in million |
| Forecasted market size in 2029 | US$ 246090 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | DuPont, Beaulieu Technical Textiles, Ahlstrom, Techtex, Freudenberg, Honeywell, Johns Manville, 3M, Global-safety-textiles, Kimberly-Clark, TWE-Group, Alexium International, JM-Textile, Huntsman, Asahi Kasei Fibers, Protan, Milliken, Invista, Arville, Polymer Group, AandE, Borgers, Don and Low, PandG, DELFINGEN, IBENA, Lenzing, Tech-Tex, Schoeller-textiles |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
