San Francisco, 22 April 2024: The Report Technical Textile Market Size, Share & Trends Analysis Report By Manufacturing (3D Weaving, Thermo-forming, 3D Knitting), By End-use (Agro Textiles, Hometech Textiles), By Region, And Segment Forecasts, 2023 - 2030

The global technical textile market size is expected to reach USD 272.33 billion by 2030, registering a CAGR of 4.7% according to a new report by Grand View Research, Inc. The technical textile product exhibits exceptional strength, durability, and superior performance, which makes them fit for several industrial applications.

Increasing concern towards agriculture and attaining high crop yield is one of the major factors fueling the growth of agro textile in the market. Several nets manufactured under agro textile including plant nets, bird protection nets, monofil nets, root ball nets, and various others are extensively used for passive protection of agricultural seeds, crops, or fruits against any external damage.

Increasing technological advancements coupled with the rising demand for high-performance and energy-efficient fabric are acting as a propelling growth factor in the market. In addition, stringent government policies regarding the use of effective personal protective equipment have driven the market growth on a positive note.

Increasing awareness regarding the benefits of technical textiles in various end-user industries is expected to drive the market over the forecast period.The global industry has experienced moderate growth as a consequence of the economic recession caused by the COVID-19 crisis. During the initial phase, the industrial activities observed setbacks, as a result, the market has also experienced a catastrophic setback. The demand for technical textiles in the U.S. is likely to grow owing to the rising demand for lightweight materials in automotive manufacturing.

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These products are found to be 15% to 30% lighter than the traditional materials, which results in reduced weight and increased fuel efficiency of vehicles. In addition, the U.S. is expected to be the largest market in North America, on account of the expansion of industries including medical, agriculture, and construction.Technical textiles majorly use man-made raw materials, such as fibers consisting of viscose, nylon, acrylic/modacrylic, and polymers, which cater to cost-intensive manufacturing techniques. Thus, the technology used for the production of the above-mentioned synthetic raw materials is likely to negatively impact the market growth.

Technical Textile Market Report Highlights

• The 3D knitting manufacturing segment is likely to witness a CAGR of 3.8% over the forecast period owing to its stronger and more durable fabric nature
• In 2022, the hometech technical textile end-user segment led the market and accounted for the largest revenue share of 19.50%. The segment is likely to ascend at a significant rate during the forecast period. Increasing consumer demand for aesthetically appealing clothing and apparel is expected to increase the product demand in the segment
• In 2022, Asia Pacific emerged as the largest market and accounted for over 46.80% of the total revenue owing to the increasing industrial development in the region. Favorable government policies coupled with the abundant availability of raw materials are expected to draw higher growth from the region over the forecast period
• In North America, the technical textiles demand stood at 7,696.3 kilotons in 2021 and is expected to ascend at a significant rate during the forecast time on account of increasing application in sports, construction, and medical and healthcare industries
• Prominent players in the market are involved in various initiatives such as advancing healthcare infrastructure, partnership, and scientific research in collaboration with various healthcare institutions. Moreover, government support and policies within the respective countries are expected to influence the market on a positive note

Increasing consumer preference for protective clothing coupled with popular fashion trends is forcing major companies to focus on restructuring their business in terms of adopting new engineering technologies, such as smart textiles and nanotechnology. This, in turn, is expected to increase the overall product cost, thereby acting as a restraint for market growth. A majority of the industry players are focusing on efficient and effective distribution channels by setting up new production plants and establishing partnerships & agreements with several e-commerce portals to ensure a robust supply of products. However, the market has witnessed sluggish growth in the year 2020 due to COVID-19, which is expected to result in slow growth for the first few years over the forecasted period.

The 3D weaving manufacturing technology segment led the market and accounted for more than 23.45% share of the global revenue in 2022. The demand for 3D weaving technology-based products in the construction, ballistic, automotive, marine, and other application industries drives segment growth. It is expected to retain its dominance throughout the forecast period.3D knitting manufacturing technology finds application in 3D-shaped dimensionality, which is found in knit structures and weft knitting. Moreover, the increasing application of 3D knitting in the construction and civil engineering segment is expected to propel market growth.

Technical Textile Market Report Scope

Thermoforming manufacturing technology was estimated to account for USD 24.02 billion in 2022. This is attributed to the increasing application of the same in automotive, aerospace & aviation, business machines & equipment, and others. In addition, it is highly used in the medical and healthcare sectors for packaging blisters and other medical equipment.Several other technologies, such as nanotechnology, finishing treatments, and heat-set synthesis, are used in the market to improve the overall appearance, size, and strength of the product. Moreover, increasing the use of nanotechnology in product manufacturing further improves product properties, such as texture, durability, and color.

List Of Key Players Of Technical Textile Market

• Low & Bonar PLC
• Freudenberg Group
• Berry Global Group, Inc.
• Ahlstrom-Munksjo
• Asahi Kasei Advance Corp.
• Kimberly-Clark Corp.
• Mitsui Chemicals, Inc.
• Huntsman International LLC
• Berry Global Group, Inc.
• Toray Industries, Inc.