Global Technical Textile Market to Grow at a CAGR of 5.1% During 2023 to 2031

Introduction

Technical textiles are renowned for their technical and functional properties as opposed to their aesthetic and decorative qualities. They are used for technical applications, including protective clothing in the chemical industry, the defense industry, and automotive interiors. The market is expanding due to several factors, including increased demand from the healthcare industry. In addition, technical textiles have a large consumer base in countries such as the United States, China, and Germany. This is due to well-established industries such as healthcare, automobile manufacturing, construction, military & defense, and others. However, the high cost of raw materials and the production of highly toxic waste impede market expansion. On the contrary, industrial growth in developing regions may increase demand for industrial protective wear in the coming years.

Market Dynamics

Increase in Demand for Geotextile from the Developing Economies Drives the Market Growth

Geotextiles are increasingly used to prevent soil erosion on hillsides and embankments in agriculture-based nations, such as India, where annual soil loss is high due to the monsoon season. The National Bureau of Soil Survey & Land Use Planning estimates that approximately 146.8 Mha (Million hectares) of India's arable land is degraded. Geotextile is used as a layer between the subsoil and a complete layer of roads to prevent the mixture layers from disappearing into the subsoil. Geotextile technology is used to construct roads, drains, and harbors. The increase in infrastructure projects in emerging economies is a significant factor in market expansion. In addition, there is an upward trend in the development of agricultural production, which includes the incorporation of technologies that substantially increase the demand for technical textiles in the form of agricultural sheets and covers.

Recyclability Improvement Creates Future Opportunities

The demand for recyclability enhancements, such as switching foam for nonwoven vehicles with cabin air filters and composite materials, is rising. The produced foam is extremely hazardous to the environment and the human body. Recycling is crucial as the textile industry generates a substantial amount of wastewater containing dye particles. Re-granulated nonwoven textiles, composite recycling, and fiber recycling are significant processes that reduce waste and lower the cost of acquiring materials. Recycling waste presents an opportunity to organize the textile recycling industry.

Regional Analysis

Asia Pacific dominates the global market and is growing with a CAGR of 4.1%. India and China are two of the most important textile producers in the region. China is one of the leading nations in terms of consumption and production. It has established sectors, such as the end-use sector, which includes the automotive, construction, and other industries. Numerous factors, such as developing end-user sectors, rising awareness, government initiatives, investment in technology, and others, are anticipated to contribute to the market's anticipated growth in India over the next few years.

North America is one of the major regions in technical textile consumption, with a CAGR of 3.4% due to established sectors such as defense, oil and gas, automotive, healthcare, and others. The technical textile market in North America is competitive due to the fact that traditional manufacturers are increasing production efficiency by reducing costs and becoming low-cost producers. North America is a major player with the largest share of wound dressings, and this trend is anticipated to continue throughout the analysis. This is due to the growing elderly population, the increase in chronic wound incidence, and the presence of key wound dressing manufacturers in North America. The United States is also renowned for producing protective clothing for the military and defense industries.

Europe is a significant region in terms of technical textile consumption, owing to the presence of the established healthcare, automotive, defense, petrochemical, and construction sectors, among others. Europe is globally renowned for its exceptional automotive industry and engineering prowess. Due to the region's intense competition, the automotive industry may provide ample opportunities to expand technical textiles, which play a crucial role in producing various automobile interiors. Europe is a major player in the automobile industry. In addition, electric vehicles are anticipated to increase the demand for automotive interiors in the coming years, which will, in turn, increase the demand for technical textiles.

LAMEA is one of the developing regions due to the presence of emerging economies such as Brazil and South Africa. Due to developing end-user industries such as automotive, construction, and others, the demand for industrial protective clothing is expected to rise in the coming years. In addition, companies operating in Brazil import nonwoven and technical textile-related equipment and raw materials. Brazil's most frequently imported raw materials are polyester, nylon, and acrylic fibers. Due to the technological advancement of local technical textile industries, the Brazilian market for technical textiles is expected to expand significantly.

Key Highlights

• The global technical textile market was valued at USD 233 billion in 2022. It is projected to reach USD 364 billion by 2031, growing with a CAGR of 5.1% during the forecast period (2023–2031).
• The material segment is segmented into the natural fiber, synthetic polymer, mineral, regenerated fiber, and others. Synthetic polymers dominate the market, registering a CAGR of 4.4%.
• Based on the process, it is divided into woven, knitted, nonwoven, and others. Woven fabrics dominate the market and are growing with a CAGR of 3.5%.
• Based on application, the market is classified into MobilTech, InduTech, SportTech, BuildTech, ClothTech, HomeTech, MediTech, AgroTech, ProTech, PackTech, OekoTech, and GeoTech. PackTech dominates the market and is growing with a CAGR of 3.8%.
• Asia Pacific dominates the global market and is growing with a CAGR of 4.1%.

Competitive Players

1. Asahi Kasei Corporation
2. Ahlstrom Munksjö
3. Baltex
4. Berry Global Inc.
5. Berkshire Hathaway Inc.
6. Dupont De Nemours Inc. (Dupont)
7. Duvaltex
8. Freudenberg & Co. KG
9. GSE Environmental
10. HUESKER Synthetic GmbH
11. Kama Holdings Limited
12. KONINKLIJKE TEN CATE BV
13. Milliken & Company
14. Mitsui Chemicals Inc.
15. SKAPS Industries

Recent Developments

Recent Developments

• July 2021- The Belgian factory of Ahlstrom Munksjo is on track to increase production capacity. The €10 million expansion will quadruple the plant's production capacity and increase output to include filtering materials.
• September 2022- Berry Global, a manufacturer of nonwoven fabrics, announced the formation of a closed-loop recycling ecosystem in order to incorporate post-industrial recycled materials into the production of its EnduraTM spun bond and melt-blown nonwovens.

Segmentation

1. By Material
   1. Natural Fiber
   2. Synthetic Polymer
   3. Mineral
   4. Metal
   5. Regenerated Fiber
   6. Others
2. By Process
   1. Woven
   2. Knitted
   3. Nonwoven
   4. Others
3. By Application
   1. MobilTech
   2. InTech
   3. SporTech
   4. BuildTech
   5. HomeTech
   6. ClothTech
   7. Meditech
   8. AgroTech
   9. ProTech
   10. PackTech
   11. GeoTech
   12. OekoTech