Report Overview
The size of the global technical textile market was estimated at USD 180.9 billion in 2021, and it is anticipated to increase at a CAGR of 4.7% from 2022 to 2030. Over the forecast period, the market is anticipated to grow as more end-user industries become aware of the advantages of technical textiles. The Covid-19 crisis-induced economic downturn has resulted in a modest increase in the worldwide technical textiles market. The market also suffered a catastrophic setback as a result of the industrial activity experiencing setbacks during the initial phase.
The growth of COVID-19 in the US had a favourable impact on textile demand. The recommendations to stay at home have also affected consumer demand for home technology devices. Due to the growth of sectors including healthcare, agriculture, and construction, the U.S. is predicted to be the largest market for technical textiles in North America. In order to accommodate expensive production processes, technical textiles typically use man-made raw materials including viscose, nylon, acrylic/modacrylic, high-density, and polymer-based fibres. As a result, the technology employed to produce the aforementioned synthetic raw materials is probably going to have a negative effect on market expansion.
Major technical textiles firms are being forced to concentrate on reorganising their operations in order to integrate new engineering technologies like smart textiles and nanotechnology due to rising consumer preference for protective garments combined with the current fashion trends. The cost of the total product is then anticipated to rise, which will constrain the market. To maintain a steady supply of goods, the bulk of market players are concentrating on efficient and effective distribution channels by creating new production facilities and partnerships and agreements with several e-commerce portals. However, COVID-19, which is anticipated to impede market growth for the first few years throughout the estimated period, has caused the market to experience sluggish growth in the year 2020.
Manufacturing Insights
The market for technological textiles was led by the 3D weaving manufacturing technology in 2021, which was responsible for more than 23.7% of global revenue. Construction, ballistic, automobile, marine, and other application industries’ demands for products based on 3D weaving technology are fueling segment expansion and are anticipated to rule the market over the research period. A volume share of 8,917.4 kilotons will be accounted for by 3D knitting manufacturing technology in 2021 as a result of its use in knit structures and weft knitting, which both have 3D shaped dimensionality. In addition, the market is anticipated to rise because to the expanding use of 3D knitting in the building and civil engineering sectors.
According to estimates, the market for thermoforming manufacturing technology would reach USD 22.8 billion in 2021. This is explained by the growing use of the same in several industries, including the automobile, aerospace & aviation, office machinery & equipment, and others. Also, it plays a significant role in the packaging of blisters and other medical equipment in the medical and healthcare industries. Numerous more technologies such as nanotechnology, finishing treatments, and heat-set synthesis, among others, are employed in the market to improve the overall appearance, size, and strength of the product. Also, using more nanotechnology during the production process enhances the product’s texture, toughness, and colour.
End-use Insights
Due to the rising demand for the product from the household sector, the hometech technical textiles took the lead in the market for technical textiles in 2021 and had a revenue share of over 19.4%. It includes cushioning materials, furniture, floor and wall covering, fireproofing, and others. Residential development is anticipated to rise in the next years, particularly in emerging nations, signalling a favourable trend. Due to its outstanding characteristics, including strength and durability for industrial applications, the demand for indutech technical textiles is predicted to increase at a considerable pace of 5.5% throughout the projection period. Industrial textile demand is anticipated to rise during the forecast period as demand for products like decatising cloth, bolting cloth, drive belts, printed circuit boards, and others rises in a variety of application industries.
During the course of the projection period, it is anticipated that the rapidly expanding populations in emerging economies, along with rising birthrates and an ageing population, will fuel demand for hygienic and personal care medical equipment. This is anticipated to significantly boost the growth of the technical textiles industry as well as the market for medical technology textiles. Agro textiles, builttech textiles, packatech textiles, sportech textiles, and others are included in the other end-use segment. The end-use segments for agro textiles and buildtech textiles are predicted to increase positively as a result of increasing adoption of cutting-edge technology in agriculture for high crop yield and rising building activity for residential & commercial segments, respectively.
Regional Insights
With nearly 46.6% of global sales of technical textiles in 2021, Asia Pacific dominated the market. During the course of the forecast, the region is anticipated to dominate the market. During the course of the projection period, the demand for apparel and protective, industrial, and functional clothing is anticipated to increase. The expansion of China’s residential, commercial, and industrial sectors together with supportive government policies for India’s entire textile market are anticipated to increase the market’s growth possibilities. India’s prime minister is actively participating in the Cabinet Committee on Economic Affairs (CCEA), which has set a goal of growing the domestic technical textile market to between $40 and $50 billion by 2024.
Fashion apparel and home applications currently account for the majority of product demand in Europe, and this trend is expected to persist during the forecast period. In addition, an increase in tourism, healthcare, and automotive activities is anticipated to significantly boost key end-use textile categories, supporting the market’s expansion. The market in North America was projected to have a volume of 7,696.3 kilotons in 2021 and is anticipated to expand significantly during the forecast period. The increase in product demand from the construction and healthcare application industries is responsible for this expansion. During the course of the forecast period, growth in the market is also anticipated to be fuelled by an increase in infrastructure development and renovation activities.
Key Companies & Market Share Insights
Technical fabrics are advancing quickly on the market as a result of constantly shifting consumer preferences and shifting fashion trends. Also, a number of industry participants are concentrating on the development of consumer and commercial textiles so that they can be used in a wide variety of industrial applications. Due to the presence of large corporations that create products, the market is competitive. The benchmarking of key businesses’ products has taken into account factors including geographic reach, distribution channels, product portfolios, operational prowess, and innovation. The following are a few of the leading companies in the 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.
Segments Covered in the Report
This study provides an analysis of the most recent market trends in each of the sub-segments from 2017 to 2030 and estimates revenue growth at the global, regional, and national levels. Flair Insights has divided the worldwide technical textile market report into manufacturing, end-use, and geographic segments for this study:
- 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
- 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
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Greece
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- North America