The global technical textiles market size is projected to reach USD 195.36 Billion by 2026 attributed to the increasing number of applications including construction and civil engineering, household furnishings, and others. Technical textiles are materials that focus more on performance rather than appearance and are currently in demand from multiple industries. the market value was USD 159.29 billion in 2018 and will rise at a CAGR of 2.7% during the forecast period set from 2010 to 2026.
What are the Report Highlights?
The report provides a comprehensive overview of the market and its prime growth trajectories such as drivers, restraints, challenges, and upcoming opportunities. It also discusses the details of the market segmentation based on factors such as product type, product form, fiber type, and region. It also provides insights into the market, major industry developments, and current technical textiles market trends.
Besides this, the report throws light on the competitive landscape of the market, the list of players operating in it and the major strategies adopted by them to gain a competitive edge in the market. The report is available for sale on the company website.
Increasing Demand for Advanced Technical Textiles for Household Furnishing Applications will Drive Market
The increasing demand from applications such as cleaning and conveying industrial equipment, agriculture and horticulture, environmental protection, sport and leisure, household furnishing and coverings, packaging industry, and personal protective equipment among others, serves as the key technical textiles market growth driver.
Besides this, the multi-dimensional properties such as high versatility, strength, durability, and lightweight will also boost the market. In addition to this, the high chemical, mechanical, and thermal resistance properties of these textiles will aid in the expansion of the market in the forecast period.
Browse Summary of this Research Report Enable with Detailed Table of Content: https://www.fortunebusinessinsights.com/technical-textiles-market-102716
Asia Pacific will Dominate Market with Presence of Major Manufacturing Nations
Geographically Asia Pacific held the largest technical textiles market share with countries such as Japan, China and Japan emerging as the key markets. This is further attributed to the abundant availability of raw materials in the region and the favorable growth of textile end-use industries such as packaging, automotive, construction, clothing, and others.
List of Key Players of this Market include:
- Freudenberg Group
- DELCOTEX DELIUS TECHTEX GMBH & CO. KG
- TenCate Fabrics
- Arrow Technical Textiles Private Limited
- SKAPS Industries
- SRF Limited
- International Fibres Group
- DuPont de Nemours, Inc.
- Strata Geosystems
- Terram (Berry Global)
- Johns Manville
- PPSS Group
- Officine Maccaferri S.p.A.
- Asahi Kasei company
- HUESKER Group
- Milliken & Company
- Other Vendors
Intense Competition Witnessed Owing to Presence of Many Vendors
Players operating in the global technical textiles market are investing massive amounts on the development of products with qualities such as high durability, soft and dependable, to reach for the top position in the market. Players are also adopting other strategies such as contracts and agreements, company collaborations, mergers and acquisitions, and others to attract high technical textiles market revenue in the forthcoming years.