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Technical Textile Market - Global Opportunity Analysis and Industry Forecast, 2014-2022

Technical Textile Market - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • January 2017
  • 105 pages
  • ID: 5273214

Summary

Table of Contents

Technical Textile Market by Type (Nonwovens, Composites, and Others) and by End User (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Meditech, Mobiltech, Ecotech, Packtech, Protech, and Sportech) - Global Opportunity Analysis and Industry Forecast, 2014-2022

The global technical textile market size is expected to reach $244,032 million by 2022 from $158,429 million in 2015 with a CAGR of 6.4% from 2016 to 2022. Technical textiles are welfare textiles used for their diverse and multifunctional properties.

They are manufactured for non-aesthetic purposes and offer several advantages in their functional aspect for improving health & safety. They have applications ranging from simple use in agriculture, clothing, packaging & furnishing to more complicated application in automotive, filtration, construction, and environmental protection.

The global technical textile market is driven by increasing demand for hometech textile and mobiltech textile. The application of technical textile in mobiltech segment is crucial, as it reduces the weight of vehicles by providing light advanced material that is strong and durable.

Various components of automobiles such as seat upholstery, carpets, seat belts, headliners, tire cords, liners, composite reinforcements for automotive bodies, civil and military aircraft bodies, wings, and engine components are made up of technical textiles, owing to their light weight and high strength. The growing construction and housing activities in emerging economies such as India and China has fueled the growth of hometech textiles for household application. Moreover, government regulations mandating the use of geosynthesis in infrastructure development projects has paved the way for growing demand in the technical textile market.

The Asia-Pacific region generated the highest revenue in 2015, which is expected to grow at CAGR of 7.8% from 2016 to 2022. Asia-Pacific is expected to maintain its dominant position during the forecast period. Europe and North America are the second and third leading regions in the technical textile market respectively.

Key Benefits for Stakeholders:
The technical textile market research provides a quantitative and qualitative analysis of the current market trends, estimations, and dynamics through 2014-2022, which assist in identifying the prevailing market opportunities in different end user segment.

Market trends of major countries in each region are mapped according to forecasted market revenue.

Exhaustive analysis of the global technical textile market by type helps in understanding the various types of technical textile products that are currently being used along with the variants that would gain prominence in the future

Porter’s five forces analysis highlights the potency of buyers and suppliers participating in this market.

TECHNICAL TEXTILE MARKET KEY SEGMENTS

By Type
Nonwovens
Composites
Others

By End User Industry
Agrotech
Buildtech
Clotech
Geotech
Hometech
Indutech
Meditech
Mobiltech
Ecotech
Packtech
Protech
Sportech

By Geography
North America
U.S.
Mexico
Canada
Europe
UK
France
Russia
Germany
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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