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Technical Textile Market Is Driven By The Growing Demand For End-Use Industries Including Agriculture, Construction, Aerospace, Medical, And Packaging | Grand View Research, Inc.

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Technical Textile Market Is Driven By The Growing Demand For End-Use Industries Including Agriculture, Construction, Aerospace, Medical, And Packaging | Grand View Research, Inc.

March 23
05:56 2021
Technical Textile Market Is Driven By The Growing Demand For End-Use Industries Including Agriculture, Construction, Aerospace, Medical, And Packaging | Grand View Research, Inc.

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According to a report published by Grand View Research, the increasing awareness regarding the superior functionality and application of technical textiles in end-use industries is promoting the growth of the market. However, the COVID-19 has disrupted the supply chain to a greater extent impacting the procurement of raw materials.

The global technical textile market size is expected to reach USD 250.6 billion by 2027, expanding at a CAGR of 4.5%. The increasing awareness of the benefits of technical textiles is driving the demand in end-use industries such as agriculture, construction, aerospace, medical, and packaging. Moreover, biotechnology advancements have resulted in a rapid shift and evolution of conventional farming practices toward a more scientific approach. The adoption and use of high-efficiency technologies in agriculture are expected to increase crop yield, thereby affecting overall productivity and demand for technical textiles.

In recent years, the technical textile industry has experienced rapid growth. New technologies are expected to reduce production costs, making mass production of technical textiles feasible. Improved spinning, weaving, and knitting technologies, such as melt spinning, thermo-forming, and 3D weaving and knitting wet spinning, have enabled the production of required technical textile fibers. These high-performance fiber productions are primarily concentrated in developed economies such as the U.S., Japan, and Canada, but are expanding in emerging economies such as India, China, and Korea. 

Technical Textile Market Report Highlights

 On the basis of manufacturing, the 3D weaving technology segment leads with a market share of 23.9%. The segment is expected to prosper with a CAGR of 4.2% over the forecast period.

On the other hand, 3D knitting manufacturing technology helps in controlling the 3D-shaped weft knitting and the dimensionality found in knit structures.

The use of nanomaterials in the manufacturing of these textiles, allows the final products to be of superior mechanical power, antibacterial properties, chemical resistance, and water repellence.

On the basis of end-use, the hometech textiles segment held the largest market share of 19.8% in 2019 and is expected to register a CAGR of 5.2% during the forecast period.

In April 2020, Ahlstrom-Munksjo increased its nonwoven production across its entire protective materials portfolio. The company also expanded its portfolio to provide product offerings in face mask categories.

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Technical Textile Market Segmentation

Grand View Research has segmented the technical textile market on the basis of manufacturing, end use, and region:

Technical Textile Manufacturing Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

     Thermo-forming
     3D Weaving
     3D Knitting
     Nanotechnology
     Heat-set Synthetics
     Finishing Treatments
     Hand-made Elements
     Others

Technical Textile End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

     Agro Textiles
     Buildtech
     Indutech
     Hometech
     Medtech
     Packtech
     Protech
     Transtech
     Sportech
     Clothtech
     Others

Technical Textile Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

     North America
        • The U.S.
        • Canada
        • Mexico
     Europe
        • Germany
        • The U.K.
        • Spain
        • Italy
        • France
        • Greece
     Asia Pacific
        • China
        • India
        • Japan
     Central and South America
        • Brazil
    • Middle East & Africa

List of Key Players of Technical Textile Market

    • Low & Bonar PLC
    • Freudenberg Group
    • Berry Global Group, Inc.
    • Ahlstrom-Munksjo

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Browse More Related Report:

Geosynthetics Market Size, Share & Trends Analysis Report By Product (Geotextiles, Geomembranes, Geogrids, Geonets, Geocells), By Region (North America, Europe, APAC, MEA), And Segment Forecasts, 2020 – 2027

Personal Protective Textile Market Size, Share & Trends Analysis Report By Application (Mechanical Protection, Chemical Protection, Healthcare Garments), By End Use, By Region, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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Website: https://www.grandviewresearch.com/industry-analysis/technical-textiles-market

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