Technical Textiles Market

Technical Textiles Market: Indutech and Mobiltech Application Segments Estimated to Collectively Account for over One Third of the Total Market Share: Global Industry Analysis and Opportunity Assessment, 2017-2027

In terms of CAGR, Buildtech and Oekotech application segments are projected to be highly attractive segments over the estimated period

Technical textiles that find hygiene and medical applications are termed as medical textiles (Meditech). Key applications include surgical gowns, drapes, sutures, sanitary napkins, diapers, woven, knit, nonwoven wound care and sterile packaging. The Meditech segment was valued close to US$ 12 Bn in 2016 and is expected to be valued at almost US$ 20 Bn by the end of 2026, registering a CAGR of 4.9% over the forecast period. The segment is projected to represent an incremental $ opportunity of more than US$ 7 Bn in 2027 over 2017, mainly contributed by the rising number of applications in surgical equipment, dressings and clothing designed for patient comfort.

Technical textiles that find applications in geotextiles and civil engineering are termed as geo textiles. Key applications include ground stabilisation, soil reinforcement, and erosion control. The Geotech segment accounted for a market value of US$ 4 Bn in 2016 and is projected to be valued at close to US$ 7 Bn by 2027. Rising number of applications in the field of civil engineering such as separation and stabilisation, filtration and reinforcement are expected to drive demand for industrial textiles over the forecast period.

Technical textiles that find applications in environmental protection are termed as ecological protection textiles (Oekotech). Key applications include recycling schemes, products for oil spill treatment and erosion control. The Oekotech segment was valued at a little more than US$ 4 Bn in 2016 and is expected to reach a market valuation in excess of US$ 6.5 Bn by the end of 2027, registering a CAGR of 5.1% over the forecast period. Technical textiles that find applications in building and construction are termed as Buildtech. Key applications include wall reinforcements, housewrap, facades, concrete wraps, sewer and pipe, and linings. The Buildtech segment was valued at US$ 13 Bn in 2016 and is estimated to be valued in excess of US$ 22 Bn by the end of 2027, expanding at a CAGR of 5.6% over the forecast period.

Rising number of environmental protection projects likely to accelerate the growth of the Oekotech segment over the forecast period

Environmental sustainability is a matter of concern these days. It is the biggest challenge faced by textile industries across the globe. However, the usage of technical textiles is significantly growing in environmental protection applications such as erosion protection, waste treatment/recycling and domestic water sewerage plants. An increasing number of environmental protection projects in the near future is expected to accelerate the growth of the Oekotech application segment of the global technical textiles market.

Rising infrastructural development activities in BRIC countries is likely to fuel market demand in the Buildtex segment. This application of technical textiles is better in terms of durability and effectiveness than conventional textile materials. This segment commonly finds application in architectural applications such as faced foundation, insulation, concrete reinforcement and in construction. This vast usage in infrastructural development is creating a positive influence on the Buildtex segment.

technical textiles market

Innovations in medical textile manufacturing is trending the global technical textiles market

Medical textile manufacturers have been focussing on refining existing products as well as on new product development to derive new materials with improved designs and features. These new medical textile products have been designed for infection control, minimally invasive surgical procedures and rapid healing of wounds. Governments of various countries are now supporting and providing different programmes to promote the manufacture and consumption of medical textiles. Medical textiles have been finding increasing applications such as in vascular implants. The main use of a vascular implant (graft and stent) is to act as an artificial channel for a diseased artery. The key desired characteristics of an artificial graft pertaining to a vascular implant are appropriate biodegradability, porosity and compliance, which are met by medical textile products classified under the category of implantable surgical textiles.

It has been observed that since the last couple of years, the growth of the textile industry and the consumption of technical textiles in key economies across the globe is relatively slow. This is attributed to the slower economic growth in these key economies. Particularly countries like China, Brazil and Russia showed lacklustre growth in 2015. Due to the micro economic factors that have adversely affected the technical textile consumption in various economies, we have revised our forecast of the global technical textiles market in our new publication titled “Technical Textiles Market: Global Industry Analysis and Opportunity Assessment, 2017 –2027.” Our analysts have taken into consideration the global economic factors impacting the textile industry and have observed that economic growth is estimated to have a relatively moderate impact on the global technical textiles market. They have further observed that growth of the construction industry especially in developing economies is likely to have a high impact on the global technical textiles market growth. Government policies and regulations play an equally significant role in the development of the global technical textiles market. Various government policies focussed on the development of the technical textile industry are expected to positively impact this market.

Key Findings of Our Report

APAC is likely to dominate the global technical textiles market between 2017 and 2027. Consumption is projected to increase in the region steadily over the forecast period due to the upsurge in industrial activity in key APAC countries. This analysis is the result of our finding that in 2016 APEJ was the largest market for technical textiles. While analysing the overall market performance, we have noticed some important factors that are likely to create a positive impact on the global technical textiles market.

  • Major players in the global technical textiles market are focussing on strengthening their product portfolio in order to cater to the increasing demand for products with niche applications

  • Manufacturers are focussing on strategic acquisitions for geographical expansion and strengthening their market share to gain competitive advantage

  • Manufacturers are also focussing on developing high quality and innovative technical textile products, while adhering to regulations in various countries, thus resulting in increased product offerings

Report Structure and Research Methodology

We have covered the global technical textiles market by application in detail and touched upon all the aspects of the various sub-segments. Market analysis has been done in terms of Basis Point Share and Y-o-Y growth projections for all market segments. Market attractiveness analysis and market size and value forecast of the various segments have been incorporated in this report. Macro-economic indicators such as GDP, construction industry spending, agriculture industry output, automobile industry production and textile industry (including clothing and apparel) production have been considered while forecasting market numbers. Yearly change in inflation rate has not been considered while forecasting market numbers.

We have adopted a systematic research approach while studying the global technical textiles market. In-depth secondary research is used to ascertain overall market size, top industry players, top products and industry associations. Our analysts have also conducted extensive interviews with industry experts, players, distributors and retailers. Here data is validated using the triangulation method, in which secondary, primary and Future Market Insights’ analysis contribute to the final data. Product-wise weighted Average Selling Price (ASP) has been considered to deduce market values. Top-down approach has been used to assess market numbers for each category. Bottom-up approach has been used to counter validate the market estimations.

Market Segmentation

By Region

By Application

By Process

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APAC (Asia Pacific)
  • MEA (Middle East & Africa)
  • Agrotech
  • Buildtech
  • Hometech
  • Indutech
  • Sportech
  • Packtech
  • Mobiltech
  • Meditech
  • Clothtech
  • Geotech
  • Protech
  • Oekotech
  • Non-woven
  • Composites
  • Others (Braiding, Knitting, Weaving)