As per Future Market Insights (FMI), the global demand for the overall technical textiles market grew by 2.50% CAGR in 2016-2020. An overall market valuation is expected to reach US$ 183 Bn with total sales of 37,872.2 KT in 2021. Owing to increasing demand for technical textiles in the agriculture and apparel industry, the market is forecast to grow at 4.6% CAGR between 2021 and 2031.
Technical textiles have emerged as ideal solutions to address the issues of soil erosion. They are cost-effective and offer long service life. Moreover, these textiles can be used in landfills and harbors to improve soil stabilization, thus, reducing soil erosion.
Demand for technical textiles will grow due to the increasing cases of soil erosions in mountainous regions. According to data from European Union, more than 80% of all agricultural areas and natural grassland in the European Union are expected to be affected by severe soil erosions in 2016.
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In European countries, manufacturers are required to follow stringent regulatory policies that specify which type of Geotech textiles will be most suitable as per the characteristics of the soil of that specific region. These factors are expected to drive the sales of technical textiles in upcoming years.
Technical textiles are finding use in ocean sailing equipment and aviation components like zeppelins, balloons, and airplanes. The high durability and toughness of these technical textiles make them an ideal material for manufacturing customer protection products in the automotive industry.
Innovation in technical textile materials such as the development of phase chase materials and employment of chemical finishing and fiber spinning process for manufacturing composite technical textiles will further boost the market growth.
The incorporation of nano-fibers in the manufacturing sector to fill up the micro-filtration performance loopholes will boost the inductee textile market growth. The introduction of smart textiles in the apparel industry and the integration of wireless technology with textile fibers will positively influence the market growth in upcoming years.
Key Takeaways from FMI’s Technical Textiles Market Study
- The thriving agriculture sector and extensive research and development activities intended to create electronic, conductive, antimicrobial, and innovative textiles will support the U.S. in becoming a global leader in technical textile market over the forecast period.
- Europe technical textiles market is forecast to expand at 2.50% CAGR during the assessment period owing to the presence of leading textile and clothing companies in the region along with the development of advanced medical textiles for minimally invasive surgery applications.
- India’s technical textiles market will grow at a steady rate over the assessment period, growth can be attributed to the rising incorporation of technical textiles in defense and military application along with the adoption of agrotech textiles in agricultural activities in northeast provinces of India.
- Japan and South Korea will hold more than 8% of the global market share in 2021, backed by flexible import and export duties on technology and the increasing use of Geotech textiles in erosion protection in the region.
- Technical textiles market experienced year-on-year growth of 4.7% in 2021, driven by increasing demand for Meditech textiles during a pandemic and increasing sales of pack tech textiles in food packaging due to an increase in consumption of packaged food items.
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Competitive Landscape
Future Market Insights reports that Freudenberg & Co. KG, Milliken and Company, Arville, DuPont, and 3M are the leading players operating in the technical textiles market and collectively account for more than 20% market share in 2021.
To survive in this highly competitive market, leading market players are focusing on strategic acquisition and collaboration along with expanding their production facilities in developing countries.
For instance, in 2020, Freudenberg & Co. KG acquired 100% shares of Low & Bonar PLC and Filc to extend its technical expertise in technical textiles and enter the construction and automotive industries through laminated materials and needle punch nonwoven textiles offered by Filc.
In December 2020, Baltex launched sustainable, washable, and anti-viral face masks made from recycled plastics in an attempt to reduce the plastic pollution in the Ocean.
In March 2020, Milliken & Company announced to boost the manufacturing of its BioSmart fabric which is used in creating lab coats, scrubs, and other healthcare products in response to the COVID-19 pandemic. This fabric has anti-microbial shielding and is made from bleach-activated technology that eliminated more than 99.9% of germs.
Prominent players operating in the Technical Textiles market are:-
- Freudenberg & Co. KG
- Milliken and Company
- Arville
- DuPont
- 3M
- Asahi Kasei
- Kimberly Clarke
- Berry Global Group
- Mitsui Chemicals
- Low & Bonar
- Huntsman
- Toyobo Co
- SRF Limited
- Koninklijke Ten Cate
- International Textile Group
Key Segments Covered in Technical textiles Market Study:
Application:
- Agrotech
- Buildtech
- Hometech
- Indutech
- Sportech
- Packtech
- Mobiltech
- Meditech
- Clothtech
- Geotech
- Protech
- Oekotech
Process:
- Nonwoven
- Composites
- Others