Technical Textile Market worth $222.4 billion by 2025 - Exclusive Report by MarketsandMarkets™

Technical Textile Market worth $222.4 billion by 2025 - Exclusive Report by MarketsandMarkets™

PR Newswire

CHICAGO, Feb. 8, 2021

CHICAGO, Feb. 8, 2021 /PRNewswire/ -- According to the new market research report "Technical Textile Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Technical Textile Market size is projected to grow from USD 164.6 billion in 2020 to USD 222.4 billion by 2025, at a CAGR of 6.2% from 2020 to 2025.

MarketsandMarkets_Logo

PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1074 

Browse and in-depth TOC on "Technical Textile Market"

201 - Tables
56 - Figures
243 – Pages

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/technical-textile-market-1074.html 

The market has grown exponentially in the last few years, and this trend is projected to continue. The growing awareness about the superior functionality and application of technical textiles encourages the higher consumption of technical textiles and related products. Furthermore, growth in the automobile, construction, healthcare, packaging, and various other sectors has generated new opportunities for technical textiles.

The nonwoven segment is expected to grow at the highest CAGR during the forecast period

Based on process, the nonwoven segment is expected to be the fastest-growing during the forecast period. Additionally, advancements in weaving technology such as 3D weaving are expected to drive the technical textile segment during the forecast period.

The mobiltech segment is estimated to account for the largest share in the Technical Textile Market in 2019

Based on application, the mobiltech segment lead the Technical Textile Market. Mobiltech covers technical textiles used in automobiles, aircrafts, railways, and shipbuilding such as nylon tire cord fabrics, seat covers, seat belts, cabin filters, tufted carpet, upholstery, and others. 

Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1074 

The APAC region is projected to account for the largest share in the Technical Textile Market during the forecast period.

The APAC region is projected to lead the Technical Textile Market, in terms of both value and volume from 2020 to 2025. Higher domestic demand, along with the availability of low-cost labor, makes this region the most attractive market for technical textile manufacturers. Hence, the market players are focusing on this region to gain a larger share and increase their profitability. Factors such as improving global economy, expanding working population, and rising domestic demand for hygiene products are expected to boost the market for technical textile.

Key players operating in the Technical Textile Market include Asahi Kasei (Japan), Kimberly Clarke (US), Berry Global Group (US), DuPont (US), Mitsui Chemicals (Japan), Freudenberg & Co. (Germany), Low & Bonar (UK), Huntsman (US), Toyobo Co. (Japan), Milliken & Company (US), SRF Limited (India), Koninklijke Ten Cate (Netherlands), and International Textile Group (US). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions & investments, agreements & partnerships, and new product launches are some of the major strategies adopted by key players operating in the Technical Textile Market.

Get 10% Free Customization on this Report @

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1074 

Browse Adjacent Markets: Yarns, Fabric and Textile Market Research Reports & Consulting

Related Reports:

Nonwoven Fabrics Market by Polymer Type, Layer, Function, Technology (Spunbond, Wetlaid, Drylaid), Application (Hygiene, Building & Construction, Filtration, Medical, Automotive, Consumer Products), and Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/non-woven-fabrics-market-101727296.html 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/technical-textile.asp 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/technical-textile-market.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Voltar noticias em Inglês