Technical Textiles Market Examining Share and Size Trends 2024-2033

The Technical Textiles Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Technical Textiles Global Market Report 2024, The technical textiles market size has grown strongly in recent years. It will grow from $222.38 billion in 2023 to $239.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to infrastructure development, environmental awareness, industrial growth, safety and protection regulations, military and defense needs, .

The technical textiles market size is expected to see strong growth in the next few years. It will grow to $327.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to sustainability and eco-friendly materials, infrastructure modernization, aerospace and defense applications, circular economy practices, advancements in smart textiles.. Major trends in the forecast period include nanotechnology in textiles, use of 3d printing technology, biodegradable technical textiles, digital printing, robotic textile manufacturing ..

The increasing demand for technical textiles from end-users is expected to drive the demand in the forecast period. The increase in demand for medical apparel and raising awareness of hygiene products are driving the market. Increasing military expenditure and a rise in local extremist insurgencies and casualties will boost the demand for protective ballistic armors, thus increasing the demand for technical textiles globally. For instance, according to Nikkei Asia, a Japan-based largest financial newspaper, the Australia’s government proposed a defense budget for fiscal 2023 (July 2023 to June 2024), of 42.9 billion Australian dollars ($29 billion), or 6.3% of its total public spending for the year, up from the 5.9% share estimated in October last year . Hence, the increasing demand from various end-use industries is expected to significantly contribute to the growth of the technical textiles market.

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The technical textiles market covered in this report is segmented –

1) By Material: Natural Fiber, Synthetic Polymer, Regenerated Fiber, Mineral, Metal
2) By Process: Woven, Knitted, Non-woven
3) By Application: Transport Textiles, Medical And Hygiene Textiles, Industrial Products And Components, Agriculture, Horticulture, And Fishing, Home Textiles, Clothing Components, Packaging And Containment

Major Players:

• Asahi Kasei Kimberly-Clark Corporation
• Berry Global Group Inc.
• DuPont de Nemours Inc.
• Mitsui Chemicals Inc.
• Freudenberg & Co KG

Modern technological advancement and continuous innovations are shaping the technical textiles market. Interconnected biometric garments act as connected textiles to collect data on emissions from the respiratory systems, providing new ways to assess the health and performance of the user. For instance, in 2021, Canada-based textile computing leader Myant Inc. launched new designs for connected personal protective equipment that uses volatile organic compound (VOC) sensing and assesses health and performance as a part of its interconnected system of biometric garments.

The technical textiles market report table of contents includes:

1. Executive Summary
2. Technical Textiles Market Characteristics
3. Technical Textiles Market Trends And Strategies
4. Technical Textiles Market – Macro Economic Scenario
5. Global Technical Textiles Market Size and Growth
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27. Technical Textiles Market Competitive Landscape And Company Profiles
28. Technical Textiles Market Key Mergers And Acquisitions
29. Technical Textiles Market Future Outlook and Potential Analysis
30. Appendix

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