According to the opinion of leading market participants, the technical textile market has witnessed an increasing demand for medical textile products from the healthcare sector. This has been due to considerable demand for medical textile from developed regions, owing to the rise in awareness about personal hygiene. The new applications of medical textiles in healthcare include smart hospital gowns and new types of bandages. The growing healthcare industry in the developing offers immense opportunities to technical textile market participants. The outbreak of Covid-19 has also created a demand for protective clothing and equipment thereby creating a favorable market for technical textiles.
Technical Textile Market is valued at US$ 211,267.8 Million in 2019 and is expected to grow up to US$ 287,773.6 Million by 2027 at a CAGR of 3.9% during the forecast period.
The Technical Textile Market is being driven by:
- Growing demand for geotextile from the emerging economies
- Increasing preference for non-woven technical fabrics
There are also some restraints and challenges that are checking the Technical Textile Market and studying these trends would be important to formulate business strategies in the market space. These include the likes of Environmental issues such as High toxic waste generation.
The companies profiled include:
- Dupont De Nemours, Inc. (Dupont)
- Berry Global Inc.
- Freudenberg & Co. KG (Freudenberg)
- HUESKER Synthetic GmbH
- Kama Holdings Limited (SRF Limited)
- Asahi Kasei Corporation (Asahi Kasei)
- Skaps Industries
- Milliken & Company
- Mitsui Chemicals Inc
- Koninklijke Ten Cate BV
- GSE Environmental
- Berkshire Hathaway Inc.
For a Geographic analysis, the Technical Textile Market analyzes the key regions and prominent countries that affect the market. APAC is the region with the largest market share with a value of US$74,892.8 Million. The Region is expected to remain the largest contributor to the market value over the forecast period, reaching a value of US$107,767.8 Million in 2027
Technical Textile Market is analyzed from a demand forecast perspective by segmenting it into:
The By-Material segment is further studied to understand the subsegments of:
- Natural Fiber
- Synthetic Polymer
- Regenerated Fiber
By Process Technical Textile Market Segmented as below:
By Application Technical Textile Market Segmented as below:
About Research CMFE:
Research CMFE was formed with the aim of making market research a significant tool for managing breakthroughs in the industry (Chemicals and Materials, Food & Beverages, Energy & Power). As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built Research CMFE to raise the standards of research support.