Quadintel published a recovery-based report for Global “Technical Textile Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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Global Technical Textile Market is valued at approximately USD 164.6 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2021-2027.
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Technical textiles are a variety of semi-finished or finished textiles or fabric that is specially designed for non-decorative purposes. These textiles are made up of non-woven or woven natural/synthetic fibers that offer superior technical and functional properties in comparison to traditional textiles. The increasing responsiveness for the product availability, growing demand for technical textiles across the healthcare segment tied with the rising awareness for eco-friendly fabrics, and restructuring of the regulatory framework for encouraging the adoption of technical textiles are stimulating the market demand across the globe. For instance, according to the IBEF, in 2020, the healthcare industry is accounted for USD 193.83 billion and is projected to reach 372 billion by the end of 2022. Thereby, the growth of the medical sector is propelling the need for the technical textile, which, in turn, surges the market demand in the near future. However, volatility in the prices of raw materials impedes the growth of the market over the forecast period of 2021-2027. Also, the emergence of novel technologies is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Technical Textile market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the escalating working population, growing need for hygiene products, growth of the agriculture, automobile, healthcare, construction, geotextiles, and industrial sector. Whereas, Europe is also anticipated to exhibit a considerable growth rate over the forecast period 2021-2027. Factors such as the growing healthcare activities, medical tourism, along increasing product demand across the household and fashion & clothing applications would create lucrative growth prospects for the Technical Textile market across the Asia-Pacific region.
Major market players included in this report are:
SRF Limited
Milliken & Company
Kimberly Clarke
International Textile Group
Berry Global Group
Mitsui Chemicals
Asahi Kasei
Toyobo Co.
DuPont
Huntsman
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Material
Natural Fiber
Synthetic Polymer
Mineral
By Technology
Woven
Knitted
Non-Woven
Others
By Application
Mobiltech
Sportech
Buildtech
Hometech
Clothtech
Meditech
Agrotech
Protech
Packtech
Oekotech
Geotech
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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