The market for technical textile is influenced by the rising demand from construction and automotive for insulating products, rubber, floor covering, protective gears, and many others. There is a sudden rise in the demand for geotextiles, which are increasing the economy of the technical fibers. Technical textiles generate a lot of toxic wastes, but it is recyclable in nature. Another restraint of the technical textile market is the high cost of the finished goods and raw materials. —
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Key participants include Asahi Kasei, Berry Global Group, Mitsui Chemicals, Kimberly Clarke, Koninklijke Ten Cate, International Textile Group, Toyobo Co., SRF Limited, Lanxess, and DuPont among others.
The demography of Europe has been shifting towards the textile market because these textiles are used in mobil tech, oeko tech, and many other applications in technical textiles. The European market is emerging since medical industries are also using technical textiles. Germany is considered as Europe’s largest market leader since 50% of the region’s technical textiles production are from this country.
For the purpose of this report, Reports and Data have segmented into the global Technical Textile market on the basis of material type, process type, application, and region:
Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• Natural Fiber
• Synthetic Polymer
• Regenerated fiber
• Specialty fiber
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Further key findings from the report suggest
• Natural Fiber held a market share of 26.2% in the year 2018. Natural fibers are essential raw materials for technical industry. It has a smaller carbon footprint, and can be degraded by micro-organisms, and composted. It also uses less energy for production, emits fewer greenhouse gases, and supports organic farming.
• Woven process held the largest market share of 35.6% in the year 2018. Woven textiles have several applications in construction, clothing, automobiles, and many other industries. Woven textiles are used in medical industries for making surgical gown because woven textiles are breathable, light, and are comfortable.
• Mobiltech is forecasted to grow with the highest CAGR of 8.9% because of the high demand for cars due to rising urbanization. This is used to manufacture seats, door paneling, carpets and ceilings of cars.
Key questions addressed in the Technical Textile market:
1. What are the current trends that are dictating the growth of the Technical Textile market?
2. What is the scope of innovation in the current market landscape?
3. How will the recent amendments in the industrial policies in the regions affect the growth of the Technical Textile market?
4. What is the projected value of the market in 2026?
5. Which regional market is expected to witness the highest CAGR growth during the assessment period?
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