Dublin, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The "Technical Textiles - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Technical Textiles Market to Reach $276.8 Billion by 2030
The global market for Technical Textiles estimated at US$189.2 Billion in the year 2022, is projected to reach a revised size of US$276.8 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Woven, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$109.3 Billion by the end of the analysis period. Growth in the Non-Woven segment is estimated at 5.4% CAGR for the next 8-year period.
The report provides an introduction to technical textiles and discusses the current market scenario and outlook for this segment within the global textile industry. It highlights the emergence of technical textiles as a major category in the textile industry, with a breakdown of world textile production by textile type, showing the percentage of production volume for technical textiles compared to traditional textiles.
The report also examines the world textile industry by segment, including sales percentages for apparel, home textiles, and technical textiles. It further breaks down the textile industry by fiber type, showing the percentage of consumption for manmade and natural fibers. The role of evolving production technologies in enhancing the importance of technical textiles is mentioned, along with a brief overview of technical textiles production processes.
While developed regions are noted as major revenue contributors, the report highlights the growing significance of developing regions as hot spots for market growth in the technical textiles industry. The competitive scenario in the technical textiles market is discussed, noting that it is a fragmented marketplace. Vendors in this space are increasingly focusing on partnerships, collaborations, and mergers and acquisitions (M&A) to gain a competitive edge.
The U.S. Market is Estimated at $47.5 Billion, While China is Forecast to Grow at 6.7% CAGR
The Technical Textiles market in the U.S. is estimated at US$47.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$58.9 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 704 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $189.2 Billion |
| Forecasted Market Value (USD) by 2030 | $276.8 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Growing Use Case Across End-Use Sectors Accelerates Market Expansion
- New & Emerging Applications Bolster Market Prospects
- Select Applications of Technical Textiles by End-Use Sector
- Mobile Textiles: Major Segment
- Ultralight Mobile Textiles Make a Cut
- Increasing Automotive Production Augurs Well
- Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
- Global Passenger Car Sales (In Million Units) for the Year 2010 through 2024
- Global Passenger Car Sales by Region/Country (% Share): 2019
- A Glance at Primary Applications of Mobile Textiles in Automotive Vehicles
- Rising Demand for Building Textiles Underpins Market Expansion
- Geotextiles Step In to Enhance Overall Market for Building Textiles
- Road Construction, Erosion Control, and Drainage: Primary Applications
- Visible Shift towards Spunbonds
- Spunbond CAPEX Continues to Grow
- Growing Emphasis on R&D
- Uptrend in Construction Industry Augurs Well
- World Construction Industry Size (in US$ Trillion) for the Years 2010, 2015, 2020 and 2025
- Global Infrastructure Spending Estimates (as a Percentage of GDP) by Sector for 2007-2016 and 2017-2040
- Global Infrastructure Spending Estimates (as a Percentage of GDP) by Region for 2007-2016 and 2017-2040
- Resolving Prevailing Challenges: Critical for Future Success
- Medical Textiles Emerges as Rapidly Growing Market Niche
- A Glance at Key Applications of Medical Textiles
- Innovations Spur Demand
- Soaring Opportunities for Technical Textiles in Industrial Sector
- Sports Textiles: Niche Segment
- Technical Textiles Make their Way into Residential Environments
- Clothing Textiles Make a Cut
- Agro Textiles Set to Expand Footprint and Addressable Market
- A Look into Key Applications of Agro Textiles
- Packaging Textiles Gain Traction
- Cosmetic Textiles Seek Opportunities
- Intensified Demand for Nonwovens Revs Up Overall Sales
- World Technical Textiles Production by Textile Type (2019): Percentage Breakdown of Production Volume for Others, Nonwovens and Woven
- Global Production of Nonwovens by Geographic Region (2019): Percentage Breakdown of Production Volume for Asia, Europe, NAFTA, South America, and Rest of World
- World Nonwovens Market by Application (2019): Percentage Breakdown of Value Sales for Building, Filtration, Hygiene, Medical, Upholstery, Wipes and Others
- Expanding Applications for Technical Textile Composites
- Nanotechnology Comes to Fore to Augment Technical Textile Landscape
- Organic Materials Extend Effective Alternative to Petroleum-derived Feedstock
- Focus on Environmental Conservation & Sustainability Widens Use Case
- Technology Innovations to Spearhead Growth
- Technical Textiles Market to Gain from Prevailing Socio-Economic & Demographic Trends
- Stable Economy
- Growing Population & Urban Sprawl
FOCUS ON SELECT PLAYERS(Total 159 Featured)
- 3M Company (USA)
- Agru America, Inc. (USA)
- Ahlstrom-Munksjo Oyj (Sweden)
- Asahi Kasei Corporation (Japan)
- Belton Industries, Inc. (USA)
- Berry Global Group (USA)
- Borgers SE & Co. KGaA (Germany)
- Delfingen Industry S.A (France)
- DuPont de Nemours, Inc. (USA)
- DSM Dyneema BV (Netherlands)
- Elevate Textiles, Inc. (USA)
- Fibertex Nonwovens A/S (Denmark)
- Freudenberg SE (Germany)
- Global Synthetics Pty. Ltd. (Australia)
- Hanes Geo Components (USA)
- Hindoostan Mills Ltd. (India)
- Huesker Synthetic GmbH (Germany)
- Johns Manville (USA)
- Kimberly-Clark Corporation (USA)
- Lenzing Plastics GmbH & Co KG (Austria)
- Low & Bonar PLC (UK)
- Milliken & Company (USA)
- NAUE GmbH & Co. KG (Germany)
- Officine Maccaferri S.p.A. (Italy)
- Propex Operating Company LLC (USA)
- Royal Ten Cate (Netherlands)
- SGL Carbon (Germany)
- SKAPS Industries (USA)
- Solmax (Canada)
- SRF Limited (India)
- Strata Systems, Inc. (USA)
- Techfab India (India)
- Teijin Limited (Japan)
- Thrace Group (Greece)
- TWE Group GmbH (Germany)
For more information about this report visit https://www.researchandmarkets.com/r/r06dj5
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