Technical Textile Market Overview, Downstream Applications, Development History & Demand 2019-2025
Global Technical Textile market ecosystem includes various stakeholders involved in the supply chain of technical textile, starting from the procurement of raw materials, research & development, and manufacturing. Post this, the marketing & sales of products take place, which is possible if an efficient distribution channel is developed. Finally, end products are made available to potential consumers. The market for technical textile is led by major players such as DuPont (US), Kimberly Clark (US), Asahi Kasei (Japan), Berry Global Group (US), and Mitsui Chemicals (Japan).
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Global technical textile market has been segmented by different type, end-use application, material and geography. Furthermore, type of the market is sub-segmented into nonwoven, woven and others (like knitting, weaving and braiding). Technical Textile Market provides an overview of the global man-made fibre, nonwoven and technical textile industries
Technical Textile -Market Demand, Growth, Opportunities and Analysis of Top Key Player Forecast to 2025. Likewise, material segment has been sub-divided into composite and uniform. In terms of end-use application segment technical textile market is bifurcated into 12 sectors including BuildTech, AgroTech, GeoTech, ClothTech, InduTech, HomeTech, MediTech, OekoTech, ProTech MobilTech, PackTech and SportTech.
Some of the key players operating in the competitive edge of technical textile market across the globe include Ahlstrom Corporation, DowDuPont, Johns Manville, Royal Ten Cate, Freudenberg & Co., GSE Environmental Inc., Proctor and Gamble, Huesker Synthetic GmbH, 3M and Hindustan Hindoostan Mills. In addition, Ahlstrom Corporation took over Munksjo in November 2016 in order to expend their technical textile business and acquire major share in the market. Other prominent players in technical textile industry are Lanxess, Berry Global Group and Low & Bonar.
The growth of the global technical textile market is driven by increase in production of automobiles, rise in construction activities, and upsurge in demand from the healthcare sector. Moreover, the market is expected to experience considerable growth with government legislations mandating the use of geosynthetic textiles in various infrastructure development projects.
Key factors expected to drive the technical textile market growth over the forecast spell include rising demand for geotextile from the developing countries as well as increasing preferences of populace towards nonwoven technical fabrics. Besides, intensifying demand for construction textiles plus several initiatives taken by government in order to promote the use of technical textiles is further fueling the technical textile market growth across the globe. On the other hand, high cost of raw materials & finished goods as well as rising amount toxic waste generated while production process are some factors likely to restrain technical textile market growth over the forecast period.
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Geographically, technical textile market across the globe has been divided into several key regions including Asia-Pacific, North America, Europe and LAMEA. The global technical textile market is led by Asia-Pacific region and the region is expected to maintain its dominance over the forecast spell. However, a number of big companies are based in North America boosting the US technical textile market.
Key segments of the global technical textile market include:
Material Segment of technical textile market
Type Segment of technical textile market
- Others (knitting, weaving and braided)
End-Use Application of technical textile market
- ProTech MobilTech
Geographical Segmentation of technical textile market
- North America
- Asia Pacific
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What to expect from the upcoming report on ‘Global Technical Textile Market’:
- Analysis over future prospects as well as Global Technical Textile Market trends
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including type, end-use application, material and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis
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