Technical textiles are one of the most special grades of textiles, which are made up of specific chemical & physical characteristics that are designed for some particular end use. Technical textiles are basically used in home furnishings, automobile, health care, sports, engineering, industrial, and other specific purpose consumer goods industries. Technical textiles are manufactured through raw materials such as natural fiber, synthetic fiber, and other high-performance fibers. It offers exclusive characteristics and properties, and is not considered as one of the standards by the textiles industry.
The Technical textiles market is driven by factors such as Changing Consumer Preferences, Growing Demand for New Applications Areas and Increasing Adaptability and Awareness of Products.
The technical textiles market is alleged to be one of the most innovative product segments for the textile industry across the world due to its growing attractiveness and adaptability, which plays a major role in its development. In many regions across the world, the market for convectional textiles has reached a stage of maturity; this market scenario in return reflects the technical textiles market growth. Emerging economies such as Japan, China, and India are putting more emphasis on adopting the latest technologies and manufacturing processes in various industrial segments.
The Asia Pacific region accounted for the largest share of 33% of the global technical textiles market. Developing countries such as China and India are projected to grow at higher CAGRs as compared to other countries in the world, making the Asia-Pacific region the fastest-growing market for technical textiles. The growth is propelled by factors such as increasing population, rising environmental concerns, technology advancements, and increasing awareness about technical textiles functionality.
The technical textiles market in North America and Europe is more developed as compared to other regions. In addition, the distribution network of the technical textiles industry is well-established in many countries of North America and Europe. The high-growth potential in emerging markets and upcoming technologies provide new growth opportunities to market players.
The research study of technical textiles further segmented into Technology, Product, Application, Colorant and Fiber
Technology is classified into Nonwoven, Fabric, Weaving, Knitting, Spinning. Nonwoven is projected to be the largest market for technical textiles. This market is also projected to be the fastest-growing market.
Product is classified into Fabric, Unspun Fiber, Yarn-type Products.
Application is classified into Geotech, Agrotech, Meditech, Mobiltech, Packtech, Sportech, Buildtech, Clothtech, Hometech, Protech and Oekotech.
Colorant is classified into Dye and Pigment.
Fiber is classified into Synthetic, Natural and Specialty.
Emergence of New Technologies, Growing Demand in Emerging Industrial Markets and Growing Importance of Geotextiles in the emerging countries are expected to create new opportunities in technical textiles market
Key players:
E. I. du Pont de Nemours and Co (U.S.), Asahi Kasei Corporation (Japan), Kimberly Clarke Corporation (U.S.), Mitsui Chemicals, Inc. (Tokyo), and Freudenberg & Co. KG (Germany)
For more details refer: http://www.marketsandmarkets.com/Market-Reports/technical-textile-market-1074.html
