SAN FRANCISCO, May 26, 2022 /PRNewswire/ -- The global technical textile market size is estimated to reach USD 272.3 billion by 2030, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 4.7% from 2022 to 2030. The technical textile product exhibits exceptional strength, durability, and superior performance, which makes them fit for several industrial applications.
Key Insights & Findings from the report:
- The 3D knitting manufacturing segment is likely to witness a CAGR of 3.8% over the forecast period owing to its stronger and more durable fabric nature.
- In 2021, the hometech technical textile end-user segment led the market and accounted for the largest revenue share of 19.4%. The segment is likely to ascend at a significant rate during the forecast period. Increasing consumer demand for aesthetically appealing clothing and apparel is expected to increase the product demand in the segment.
- In 2021, Asia Pacific emerged as the largest market and accounted for over 46.6% of the total revenue owing to the increasing industrial development in the region. Favorable government policies coupled with the abundant availability of raw materials are expected to draw higher growth from the region over the forecast period.
- In North America, the technical textiles demand stood at 7,696.3 kilotons in 2021 and is expected to ascend at a significant rate during the forecast time on account of increasing application in sports, construction, and medical and healthcare industries.
- Prominent players in the market are involved in various initiatives such as advancing healthcare infrastructure, partnership, and scientific research in collaboration with various healthcare institutions. Moreover, government support and policies within the respective countries are expected to influence the market on a positive note.
Get more Insights from full market research report of 158 pages, "Technical Textile Market Size, Share & Trends Analysis Report By Manufacturing (Thermo-forming, 3D Weaving, 3D Knitting), By End Use, By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Technical Textile Market Growth & Trends
Increasing concern towards agriculture and attaining high crop yield is one of the major factors fueling the growth of agro textile in the market. Several nets manufactured under agro textile including plant nets, bird protection nets, monofil nets, root ball nets, and various others are extensively used for passive protection of agricultural seeds, crops, or fruits against any external damage.
Increasing technological advancements coupled with the rising demand for high-performance and energy-efficient fabric are acting as a propelling growth factor in the market. In addition, stringent government policies regarding the use of effective personal protective equipment have driven the market growth on a positive note.
Technical Textile Market Segmentation
Grand View Research has segmented the global technical textile market based on manufacturing, end-use, and region:
Technical Textile Market - Manufacturing Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- Thermo-forming
- 3D Weaving
- 3D Knitting
- Nanotechnology
- Heat-set Synthetics
- Finishing Treatments
- Hand-made Elements
- Others
Technical Textile Market - End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- Agro Textiles
- Buildtech Textiles
- Indutech Textile
- Hometech Textile
- Medtech Textile
- Packtech Textile
- Protech Textile
- Transtech Textile
- Sportech Textile
- Clothtech Textile
- Others
Technical Textile Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Greece
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East and Africa
List of Key Players in Technical Textile Market
- Low & Bonar PLC
- Freudenberg Group
- Berry Global Group, Inc.
- Ahlstrom-Munksjo
- Asahi Kasei Advance Corporation
- Kimberly-Clark Corporation
- Mitsui Chemicals, Inc.
- Huntsman International LLC
- Berry Global Group, Inc.
- Toray Industries, Inc.
Check out more related studies published by Grand View Research:
- U.S. Digital Printed Textile Market- The U.S. digital printed textile market size is expected to reach USD 2,519.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 15.9% from 2022 to 2030. Increasing demand for soft signage applications is providing opportunities for digital textile printers is expected to drive the market growth.
- Textile Market - The global textile market size is anticipated to reach USD 1,420.3 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising consumer awareness levels coupled with rapidly changing trends in the fashion industry are projected to drive market growth. The rise in the e-commerce platforms that support sales and distribution of different types of products manufactured by the textile industry is also expected to drive the demand for textile-related products, thereby augmenting the market growth. In addition, stringent regulations to ensure labor or worker safety in various application industries are propelling the demand for Personal Protective Equipment (PPE), which requires wool or treated cotton as a raw material.
- Medical Textiles Market - The global medical textiles market size is expected to reach USD 26.21 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.5% from 2021 to 2028. The emergence of new areas of applications of medical textiles, along with the development of new fibers and manufacturing technologies for yarn and fabrics, is expected to bolster the market growth over the forecast period.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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