Category

Global Technical Textile Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (Non-Woven, Woven), By Application (Agrotech, Buildtech, Clothtech, Packtech, Hometech, Indutech, Medtech, Mobiltech, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code:  KSI061612268 | Pages:  100

The global technical textile market is projected to grow at a CAGR of 5.16% to reach US$244.172 billion by 2024, from US$180.579 billion in 2018. Technical textiles are functional fabrics that are being utilized by a number of industries such as automobiles, civil engineering and construction, agriculture, healthcare, and personal protection among others. The growing use of these fabrics among different end-users is driving market growth. With geotextiles gaining popularity in the building and construction sector, the demand for technical fabrics is poised to grow in the upcoming years. Also, the burgeoning trend of making vehicles lightweight is set to boost the demand for the non-woven technical textiles, thus accelerating the market growth. Thus, the market for these textiles is poised to grow at a substantial rate on account of its increased usage in industries such as healthcare, automotive and agriculture sector. Geographically, Asia Pacific is expected to hold a significant share in the market on account of rapid urbanization and industrialization in the region and this coupled with a good growth of the automotive sector is expected to bolster the market growth in the upcoming years.

DRIVERS

Burgeoning demand for these textiles from various end-user industry

Investments in building and construction

Increased focus towards worker’s safety

RESTRAINTS

Availability of substitutes

INDUSTRY UPDATE

In May 2017, Sieon Industries acquired technical textile manufacturer James Dewhurst Group.

The major players profiled in the global technical textile market include Asahi Kasei Advance Corporation, DowDuPont, Mitsui Chemicals, Inc., ITG Company, TenCate Geosynthetics, TORAY INDUSTRIES, INC., Habasit, Low and Bonar, 3M, and Ahlstrom-Munkjö.

Global Technical Textile Market Scope:

Report Metric Details
 Market size value in 2018  US$180.579 billion
 Market size value in 2024  US$244.172 billion
 Growth Rate  CAGR of 5.16% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Material, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Asahi Kasei Advance Corporation, DowDuPont, Mitsui Chemicals, Inc., ITG Company, TenCate Geosynthetics, TORAY INDUSTRIES, INC., Habasit, Low and Bonar, 3M, Ahlstrom-Munkjö
 Customization scope  Free report customization with purchase

Segmentation

The global technical textile market has been analyzed through the following segments:

By Material

Non-Woven

Woven

By Application

Agrotech

Buildtech

Clothtech

Packtech

Hometech

Indutech

Medtech

Mobiltech

Others

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

India

Others


Frequently Asked Questions (FAQs)

Q1. What will be the global technical textile market size by 2024?
A1. The global technical textile market is projected to reach a market size of US$244.172 billion in 2024.
 
Q2. What factors are anticipated to drive the technical textile market growth?
A2. With geotextiles gaining popularity in the building and construction sector, the demand for technical fabrics is poised to grow in the upcoming years.
 
Q3. What are the growth prospects for the technical textile market?
A3. The global technical textile market is projected to grow at a CAGR of 5.16% during the forecast period.
 
Q4. What is the size of the global technical textile market?
A4. Technical Textile market was valued at US$180.579 billion in 2018.
 
Q5. Which region holds the largest market share in the technical textile market?
A5. Geographically, Asia Pacific is expected to hold a significant share in the market on account of rapid urbanization and industrialization in the region and this coupled with a good growth of the automotive sector is expected to bolster the market growth in the upcoming years.

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