Global Technical Textiles Market Trajectory & Analytics Report to 2024: Rising Demand for Building Textiles Underpins Market Expansion
Dublin, April 20, 2022 (GLOBE NEWSWIRE) -- The "Technical Textiles - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Technical Textiles is projected to reach US$208.5 Billion by 2024, registering a CAGR of 5% over the analysis period. Europe represents the largest regional market for Technical Textiles, accounting for an estimated 28.8% share of the global total. The market is projected to reach US$58.5 Billion by the close of the analysis period. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 7.7% over the analysis period.
Global market for technical textiles is being propelled by expanding applications in a range of end-use sectors, steady pace of technology advancements, and a relatively stable economic environment. Rapid growth of automotive industry in emerging economies and the growing use of technical textiles in construction industry applications are expected to stimulate growth in the coming years. Growth will also be driven by the sustained increase in healthcare spending across the world as well as the growing emphasis on sustainable manufacturing and environmental conservation.
Rising demand for building textiles, increasing demand for nonwoven technical textiles and the growing use of technical textiles in electronics industry also augur well for the market`s growth. In the US, technical textiles have already established their use case in a multitude of applications including automotive, sporting goods and industrial components. China dominates growth in the Asia-Pacific region, owing to the sheer increase in production and consumption volumes of technical textiles. Growth in the Chinese technical textiles market is also driven by the increasing awareness about technical textiles, increasing disposable incomes of people and the growing demand for wearable technology.
Select Competitors (Total 159 Featured) -
3M Company
Agru America Inc.
Ahlstrom-Munksjo
Asahi Kasei Corporation
Belton Industries Inc.
Berry Global Group
Borgers SE & Co. KGaA
Delfingen Industry
Dow
DSM Dyneema
Fibertex Nonwovens
Freudenberg
Global Synthetics
Hanes Geo Components
Hindoostan Mills
Huesker Synthetic
Johns Manville
Kimberly-Clark Corporation
Lenzing Plastics
Low & Bonar
Milliken & Company
NAUE
Officine Maccaferri
Propex Operating Company
Royal Ten Cate
SGL Carbon
SKAPS Industries
Solmax
SRF
Strata Systems
Techfab India
Teijin Limited
Thrace Group
TWE Group
Key Topics Covered:
1. MARKET OVERVIEW
Technical Textiles: Current Market Scenario and Outlook
Technical Textiles Emerge as a Major Segment within the Global Textile Industry
Ever Evolving Production Technologies Enhance Technical Textiles' Clout
A Brief Note on Technical Textiles Production Processes
While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Hot Spots for Market Growth
World Technical Textiles Market (2019 & 2025): Percentage Breakdown of Value Sales for Developed and Developing Regions
Global Technical Textiles Market - Geographic Regions Ranked by Value CAGR for 2018-2025: Asia-Pacific, China, Latin America, Rest of World, Canada, USA, Europe, and Japan
Technical Textiles: A Fragmented Marketplace
Vendors Focus on Partnerships, Collaborations and M&A to Gain Competitive Edge
Technical Textiles - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Use Case Across End-Use Sectors Accelerates Market Expansion
New & Emerging Applications Bolster Market Prospects
Select Applications of Technical Textiles by End-Use Sector
Mobile Textiles: Major Segment
Ultralight Mobile Textiles Make a Cut
Increasing Automotive Production Augurs Well
A Glance at Primary Applications of Mobile Textiles in Automotive Vehicles
Rising Demand for Building Textiles Underpins Market Expansion
Geotextiles Step In to Enhance Overall Market for Building Textiles
Road Construction, Erosion Control, and Drainage: Primary Applications
Visible Shift towards Spunbonds
Spunbond CAPEX Continues to Grow
Soaring Opportunities for Technical Textiles in Industrial Sector
Sports Textiles: Niche Segment
Technical Textiles Make their Way into Residential Environments
Clothing Textiles Make a Cut
Agro Textiles Set to Expand Footprint and Addressable Market
A Look into Key Applications of Agro Textiles
Packaging Textiles Gain Traction
Cosmetic Textiles Seek Opportunities
Intensified Demand for Nonwovens Revs Up Overall Sales
World Technical Textiles Production by Textile Type (2019): Percentage Breakdown of Production Volume for Others, Nonwovens and Woven
Global Production of Nonwovens by Geographic Region (2019): Percentage Breakdown of Production Volume for Asia, Europe, NAFTA, South America, and Rest of World
World Nonwovens Market by Application (2019): Percentage Breakdown of Value Sales for Building, Filtration, Hygiene, Medical, Upholstery, Wipes and Others
Expanding Applications for Technical Textile Composites
Nanotechnology Comes to Fore to Augment Technical Textile Landscape
Organic Materials Extend Effective Alternative to Petroleum-derived Feedstock
Focus on Environmental Conservation & Sustainability Widens Use Case
Technology Innovations to Spearhead Growth
Technical Textiles Market to Gain from Prevailing Socio-Economic & Demographic Trends
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/t3hqbi
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