Technical Textiles Market Size to Reach USD 195.36 Billion by 2026; Owing to Rapid Urbanization and Rising Demand From Application Such as Civil Engineering and Construction, Says Fortune Business Insights™

Technical Textiles Market Size to Reach USD 195.36 Billion by 2026; Owing to Rapid Urbanization and Rising Demand From Application Such as Civil Engineering and Construction, Says Fortune Business Insights™

PR Newswire

PUNE, India, May 7, 2020

- Key companies covered are 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., among others

PUNE, India, May 7, 2020 /PRNewswire/ -- 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.  According to a recently published report by Fortune Business Insights™ titled, "Technical Textiles Market Size, Share & Industry Analysis, By Product Type (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Medtech, Mobiltech, Packtech, Protech, Sporttech and Oekotech), By Fiber Type (Natural Fiber and Synthetic Fiber), By Product Form (Fabric, Fiber, and Yarn) and Regional Forecast, 2019-2026," 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.

Technical Textiles Market Analysis, Insights and Forecast – By Product Type, 2015-2026

Browse Summary of this Research Report Enable with Detailed Table of Content: https://www.fortunebusinessinsights.com/technical-textiles-market-102716

Worldwide COVID-19 Impact on Technical Textiles Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To Get The Short-Term and Long-Term Impact of COVID-19 on this Market,

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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.

Market Drivers:

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.

On the contrary, technical textiles are highly expensive as compared to conventional textiles and this may pose a major threat to the market size in the forecast period. This, coupled with the high cost of manufacturing and the need for more skilled manpower may cause major hindrance to the market in the long run. Nevertheless, the constantly evolving technology and product innovations will also create lucrative growth opportunities for the market in the coming years.

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Regional Segmentation:

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.

In addition to that, India is the fastest-growing market owing to increasing investment by the national government to support the textile business. However, North America witness significant growth and earned a revenue of $44.18 billion in 2018. Growth in this region is attributed to the well-established industrial sector and the presence of the largest import-export textile nation, namely, the U.S.

Competitive Landscape:

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.

List of Key Companies Operating in the Technical Textiles Market are:

Quick Buy - Technical Textiles Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102716

Detailed Table of Content:

TOC Continued…!

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Significant Industry Developments of the Technical Textiles Market include:

February 2020 – The company manufacturing advanced textile called Quantum Materials invested USD 3.5 million to expand its production in the U.S by manufacturing high quality woven textile solutions.

March 2020 – PPSS Group launched its latest black version of Cut- Tex Pro fabric, the soft, dependable, and durable cut resistance fabric to be used as a workwear uniform in manufacturing industries.

Have a Look at Related Research Insights:

Antimicrobial Textiles Market Size, Share & Industry Analysis, By Agents (Synthetic Organic Compounds, Bio-Based Compounds, Metal & Metallic Salts and Others), By Fabric (Cotton, Polyester, and Others), By Application (Home, Commercial, Medical, Apparel, Industrial, and Others) and Regional Forecast, 2020-2027

Geosynthetics Market Size, Share and Industry Analysis, By Product (Geotextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026

Polyethylene Terephthalate Market Size, Share & Industry Analysis, By Grade (Textile, Bottle, Film), By End-Use Industry (Packaging, Textiles, Automotive, Electrical and electronics) and Regional Forecast, 2019-2026

Sodium Metasilicate Pentahydrate Market Size, Share & Industry Analysis, By Application (Detergents, Cement, Textiles, Metal Surface Treatment, Others) Others and Regional Forecast, 2019-2026

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