An Incisive, In-depth Analysis on the Technical Textiles Market
This study offers a comprehensive, 360 degree analysis on the Technical Textiles market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Technical Textiles market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Technical Textiles Market - Key Research Insights
- The global technical textiles market is projected to be valued at ~US$ 182 Bn by 2019 end.
- Technical textiles market value is expected to witness healthy growth at a CAGR of ~5% over the forecast period, 2019-2029.
- Owing to a number of technical textile applications in the industrial and automotive sectors, Indutech and Mobiltech are estimated to remain top application areas for technical textiles manufacturers.
- By the end of 2029, regions such as Europe and Asia Pacific, are anticipated to hold more than half of the revenue share in global technical textiles market.
- China is estimated to be a prominent market for technical textiles manufacturers. This growth is attributed to increasing construction activities and growing demand for technical textiles in China.
- Increasing applicability of nonwovens and an influx of product innovations in the nonwoven category will continue to create noteworthy opportunities for technical textiles manufacturers in near future.
Key Factors Shaping Technical Textiles Market
- Expanding Applicability
Demand for functional textiles with potential applicability in aerospace, defense, sports, and construction industries has been on rise since the recent past. Medical industry is likely to significantly leverage functional attributes of technical textiles for surgical and diagnostic applications. Moreover, developing regions such as Asia Pacific are witnessing a tectonic shift from conventional fibers to specialty fibers, such as carbon fiber-based composites.
- Medical Textiles Gaining Traction
Manufacturers of technical textiles that are specifically used for medical applications, i.e. medical textiles or Meditech are focusing on refining their existing portfolios. In addition, they are equally keen on investing in product innovations through new material developments. Improved designs, enhanced features, and breakthrough functionality will be the key focal point for market participants. These new medical textile products have been designed for infection control, minimally-invasive surgical procedures, and rapid wound healing. Several governments are also actively involved in promotion of medical textiles, which will remain an important factor assisting market growth.
- The Rise of Smart Textiles
Demand for e-textile, also called smart textile, is expected to grow exponentially in emerging economies. These find major applications in medicine and sports. Key players in the market are augmenting R&D investments to enhance wearability of textile materials. E-textiles, basically, are fabrics that enable digital constituents (which also include small computers), and electronics to be embedded in them. The current trend with regard to smart textiles in the clothing textiles segment (clothtech) is that the research and product development of appropriate electrically-conductive fibers is being pursued by the technical textiles industry.
Technical Textiles Market Structure Analysis
- The global technical textiles market is a highly fragmented competition landscape, wherein tier-1 players hold ~25-30% share in the global market value.
- Apart from strategic M&A, and joint alliances with regional and domestic leaders, key players are planning heavy investments in R&D.
- Key participants in the technical textiles market include Low and Boar PLC, Ahlstrom Corporation., I. du Pont de Nemours and Company, Huntsman International LLC, and 3M Company.
The unique and wide-ranging properties of technical textiles have intrinsically linked them to various industrial applications. As most of their end uses are driven by technological innovations, the cost is no longer a significant parameter that influences the demand and sales of technical textiles.
In the last few years, technical or engineered textiles received significant attention from end users from across industries including agriculture, automotive, transportation, packaging, aerospace, and construction. While various types of technical textiles are divided into categories based on their applications, the demand for Buildtech (construction), Mobiltech (automotive & transportation), and Indutech (other industrial applications) is expected to remain significantly high in the future.
Technical Textiles Market Analysis 2019-2029
Future Market Insights published its recent report on the global technical textiles market, which comprises of the global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. It includes a comprehensive assessment of the relevant and related market dynamics. After conducting complete analysis on the historical as well as current growth parameters of the technical textiles market, the growth predictions of the market are obtained with maximum accuracy.
The global technical textiles market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Chapter 01 – Executive Summary
The report commences with the executive summary of the technical textiles market, which includes a summary of the key findings and statistics of the market. It also includes the market value (US$ million) estimates of prime segments of the technical textiles market.
Chapter 02 – Market Introduction
Readers can find detailed taxonomy and definition of the technical textiles market in this chapter, which will help them understand the basic information about the technical textiles market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the technical textiles market report.
Chapter 03 – Technical Textiles Market Analysis Scenario
This section provides the market volume analysis, and pricing analysis by regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East and Africa.
Chapter 04 – Market Dynamics
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments and product innovations.
Chapter 05 – Global Technical Textiles Market Analysis 2014-2018 and Forecast 2019-2029, by Application
This section explains the global market value and volume analysis and forecast for the technical textiles market by application in the forecast period of 2019-2029.
Chapter 06 – Global Technical Textiles Market Analysis 2014-2018 and Forecast 2019-2029, by Process
This section explains the global market value analysis and forecast for the technical textiles market during 2014-2029. This chapter includes detailed analysis of the historical technical textiles market, along with an opportunity analysis of the future. Readers can also find absolute $ opportunity for the current year (2019-2020) and incremental $ opportunity for the forecast period (2019-2029).
Chapter 07 - Global Technical Textiles Market Analysis 2014-2018 and Forecast 2019-2029, by Region
This chapter explains how the technical textiles market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East & Africa (MEA).
Chapter 08 – North America Technical Textiles Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes detailed analysis of the growth of the North America technical textiles market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in North America.
Chapter 09 – Latin America Technical Textiles Market Analysis 2014-2018 & Forecast 2019-2029
Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Latin America technical textiles market. This chapter also includes the growth prospects of the technical textiles market in prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 10 – Western Europe Technical Textiles Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the technical textiles market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, and the Rest of Europe are included in this chapter.
Chapter 11– Eastern Europe Technical Textiles Market Analysis 2014-2018 & Forecast 2019-2029
This chapter highlights the growth of the technical textiles market in Eastern Europe. This section also helps readers understand key factors that are responsible for the growth of the technical textiles market in Eastern Europe.
Chapter 12 – Asia Pacific Technical Textiles Market Analysis 2014-2018 & Forecast 2019-2029
In this chapter, India, China, Japan, Australia and New Zealand, and the Rest of South Asia are prominent countries in the South Asia & Pacific region that are the prime subjects of assessment to obtain growth prospects of the technical textiles market. Readers can find detailed information about the growth parameters of the South Asia & Pacific technical textiles market during the forecast period of 2019-2029.
Chapter 13 – MEA Technical Textiles Market Analysis 2014-2018 & Forecast 2019-2029
This chapter provides information about how the technical textiles market will grow in the Middle East and Africa during the forecast period of 2019-2029.
Chapter 14 – Competition Landscape
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the technical textiles market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Low and Boar PLC, Ahlstrom Corporation., E.I. du Pont de Nemours and Company, 3M Company, and Milliken and Company, among others.
Chapter 15– Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the technical textiles market report.
Chapter 16 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the technical textiles market.
Sources and Primary Research Splits (%):-
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and long-Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Industry Publications
- Industry Associations
- International Trade Association
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Technical Textiles Market Reports - Table of Contents
1. Executive Summary
15. Assumptions and Acronyms Used
16. Research Methodology