Technical Textile Market size worth $ 285.88 Billion, Globally, by 2028 at 5.15% CAGR: Verified Market Research®

Technical Textile Market size worth $ 285.88 Billion, Globally, by 2028 at 5.15% CAGR: Verified Market Research®

PR Newswire

JERSEY CITY, N.J., Jan. 5, 2022

The growth of the technical textile market is mainly accounted to increasing demand for non-decorative durable textile across major industries. Technical textile is used massively in agriculture, construction, sports, medical and other applications.

JERSEY CITY, N.J., Jan. 5, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Technical Textile Market" By Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), By Process (Woven, Knitted, Non-woven), By Application (Transport Textiles, Medical and Hygiene Textiles, Industrial Products and Components), and By Geography. According to Verified Market Research, the Global Technical Textile Market size was valued at USD 190.33 Billion in 2020 and is projected to reach USD 285.88 Billion by 2028, growing at a CAGR of 5.15% from 2021 to 2028.

Verified Market Research Logo

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=10380

Browse in-depth TOC on "Technical Textile Market"

202 - Pages
126 – Tables
37 – Figures

Global Technical Textile Market Overview

Technical textile is used massively in agriculture, construction, sports, medical and other applications. Increasing construction activities in the major economies of the world with growing demand for various on-road and off-road vehicles is pushing the adoption of technical textile. Growing use medical sector due to its excellent comfort, flexibility, protecting, skin-friendly and cost-effective nature. Expanding demand for implantable and non-implantable textile for better hygiene and healthcare is driving the demand for technical textiles. The growth of this market is further fuelled by favourable government support through promoting manufacturing sector. The Ministry of Textiles, India Government has approved the proposal for creation of National Technical Textiles Mission (NTTM) for improving application of geo-textiles, medical textiles, agro-textile and other technical textiles. This aims to promote awareness amongst users followed by attract in large scale investments in the textile market.

The growth of the agro-textile is expected to surge in the forecast period due to rise in global population at an alarming rate, resulting into adoption of modern techniques to promote outcome. The increased export activities with respect to the technical textiles due to high cross-border demand is favouring the market growth. However, the growth of this market is mainly hampered due to high cost of the product when compared to conventional low-cost alternatives. This is mainly due to hike in the cost of raw materials used for the manufacturing or within the manufacturing process of these technical textiles. Further, the outbreak of the highly contagious and infectious COVID-19 has resulted in the demand for medical and hygiene products promoting the market growth in the FY 2020. Strict movement restriction, halt in the manufacturing activity for essential products and large demand-supply gap, an outcome of trade halts has emerged as roadblock for the market growth in the past year for procuring raw materials. Nevertheless, with economic conditions getting back to normal, the market is expected to grow at a remarkable pace in the years to follow. Ongoing technological advancement due to constant research and development activities by the prominent companies is projected to push the market growth in the forecast period.

Key Developments

Key Players

The major players in the market are Dow DuPont, Ahlstrom Corporation, Johns Manville, GSE Environmental Inc., Royal Ten Cate, Freudenberg & Co., Proctor and Gamble, 3M, Huesker Synthetic GmbH, and Hindoostan Mills.

Verified Market Research has segmented the Global Technical Textile Market On the basis of Material, Process, Application, and Geography.

Browse Related Reports:

PU Films Market By Type (Polyester PU Films, Polyether PU Films), By Function (Thermoplastic-Based PU Films, Thermoset-Based PU Films), By End-Use Industry (Textile & Leisure, Automotive & Aerospace, Medical), By Geography, Forecast, 2021-2028

Cellulose Acetate Market By Type (Plastic, Fiber), By Application (Photographic Films, Cigarette Filters, Tapes And Labels, Textiles And Apparel), By Geography, Forecast, 2021-2028

Polyester Fiber Market By Grade (PCDT Polyester, PET Polyester), By Product (Hollow, Solid), By Application (Apparels, Carpets And Rugs, Fiberfill, Home Textiles), By Geography, Forecast, 2021-2028

Geotextile Market By Product (Synthetic and Natural), By Application (Road Construction, Erosion, Railway Work, Agriculture), By Geography, Forecast, 2021-2028

7 Leading Technical Textile Companies making a memorable style statement

Visualize Technical Textile Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: 1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com  
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

Voltar noticias em Inglês