Global Technical Textile Market is projected to grow till 2023
The recent study titled “Global Technical textile Market – Forecast from 2018 to 2023” covers an in-depth analysis of the market on the basis of material, application, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the technical textile market by material (non-woven, woven), application (agrotech, buildtech, clothtech, packtech, hometech, indutech, medtech, mobiltech, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Technical textiles are defined as textile materials and products manufactured primarily for their technical performance and functional properties. The burgeoning use of industrial textiles in industries such as construction, automotive, agriculture, transportation, aerospace, etc. are driving the technical textile market growth. Rising investment and initiatives in technical textile by the developing economies and is augmenting the market growth. The technical textile is expected to grow at a steady rate over the forecast period on account of its growing demand in healthcare, and personal protective care industry. Positive automotive growth outlook in many countries is expected to bolster the technical textile market growth over the forecast period.
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Non-woven holds a significant share in the market
Non-woven material type holds a significant share in the market as it finds applications predominantly in the disposable and semi-durable sector. The non-woven technical textile is expected to grow at a good growth owing to improving economic conditions, rising disposable income and growing manufacturing base in both developed and developing economies.
Geotech is expected to grow at a good rate over the forecast period
Geotech consists of woven, non-woven, and knitted textile materials that are mainly used by the civil engineering industry to provide a range of functions such as drainage, separation, etc. The demand for geotech is expected to increase on account of growing acceptance of geotextiles in construction activities such as road construction.
Technical Textile market is booming in the Asia Pacific region
Technical textile market is booming in countries such as China and India on account of growing demand for industrial technical textile in the automotive sector. Growing regulation related to worker’s safety at the workplace is augmenting the demand for protective textiles in the region.
Some of the major players discussed in the reports are Asahi Kasei Advance Corporation, DowDuPont, Mitsui Chemicals, Inc., ITG Company, TenCate Geosynthetics, TORAY INDUSTRIES, INC., Habasit, and Low and Bonar.
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