Technical textile market is projected to reach $274.1 billion by 2027 | CAGR of 5.1%

The global technical textile market was valued at $201.2 billion in 2019, and is projected to reach $274.1 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Technical textile is well-known for its technical (mechanical, electrical, durable, and thermal) and functional properties, rather than decorative and aesthetic characteristics. It is used for technical applications such as protective clothing in the chemical industry, defense sector, automotive interiors, and others.

The market is growing owing to various factors such as rise in demand from the healthcare sector. In addition, the technical textile has huge consumer base in countries such as the U.S., China, Germany, and others. This is attributed to established sectors such as healthcare, automobile, construction, military &defense, and others. However, some of the factors that hamper the market growth are high cost of raw materials and high toxic waste production. On the contrary, in coming years there may be significant demand for industrial protective wears, owing to industrial growth in developing regions.

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The global technical textile market is segmented on the basis of material, process, application, and region.

By Material
– Natural Fiber
– Synthetic Polymer
– Mineral
– Metal
– Regenerated Fiber
– Others
By Process
– Woven
– Knitted
– Non-Woven
– Others
By Application
– MobilTech
– InduTech
– SporTech
– BuildTech
– HomeTech
– ClothTech
– MediTech
– AgroTech
– ProTech
– PackTech
– GeoTech
– OekoTech

By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

KEY MARKET PLAYERS
– Asahi Kasei Corporation
– Ahlstrom Munksjo
– Baltex
– Berry Global, Inc.
– Berkshire Hathaway Inc.
– Dupont De Nemours, Inc. (Dupont)
– Duvaltex
– Freudenberg & Co. KG
– GSE Environmental
– HUESKER Synthetic GmbH
– Kama Holdings Limited
– KONINKLIJKE TEN CATE BV
– Milliken & Company
– Mitsui Chemicals, Inc.
– SKAPS Industries.
The other players in the value chain include Bruck Textiles, Gelvenor Textiles, Lanxess, NIKOL Advance Materials Pvt. Ltd, Sanrhea Technical Textiles Limited, Arville Textiles Limited, L. van Heek Textiles bv, HiltexTechnischeWeefsels B.V., Delcotex, Aurich Textiles GmbH, and others.

KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027, determining the prevailing opportunities
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
The market size is provided in terms of volume and revenue
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
Profiles of leading players operating in the market are provided to understand the competitive scenario
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth

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