Technical Textiles Market Expected to Reach $272.3 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, May 26, 2022 /PRNewswire/ — The size of the global technical textiles market is expected to reach $272.3 billion by 2030, according to a new report by Grand View Research Inc. The market is expected to grow at a CAGR of 4.7% from 2022 to 2030. The technical textile product exhibits exceptional strength, durability and superior performance, making them suitable for several industrial applications.

Main information and conclusions of the report:

  • The 3D knit manufacturing segment is expected to witness a CAGR of 3.8% over the forecast period due to its stronger and more durable fabric nature.
  • In 2021, the hometech technical textiles end-user segment dominated the market and accounted for the largest revenue share of 19.4%. The segment is expected to grow at a significant rate over the forecast period. Growing consumer demand for aesthetically appealing garments and apparel is expected to increase the demand for products in the segment.
  • In 2021, Asia Pacific emerged as the largest market and accounted for more than 46.6% of total revenue due to the region’s growing industrial development. Favorable government policies coupled with abundant availability of raw materials are expected to drive higher growth from the region during the forecast period.
  • In North Americathe demand for technical textiles stood at 7,696.3 kilotons in 2021 and is expected to increase at a significant rate during the forecast period due to increasing application in sports, construction, medical and health.
  • Prominent market players are involved in various initiatives such as healthcare infrastructure advancement, partnership and scientific research in collaboration with various healthcare institutions. Moreover, government support and policies in the respective countries are expected to influence the market on a positive note.

Get more insights from the comprehensive 158-page market research report, “Technical Textiles Market Size, Share and Trend Analysis Report by Manufacturing (Thermoforming, 3D Weaving, 3D Knitting) , by end use, by region (North America, EuropeAPAC, CSA, MEA), And Segment Forecasts, 2022 – 2030″, published by Grand View Research.

Technical Textiles Market Growth and Trends

Growing interest in agriculture and obtaining high crop yield is one of the major factors fueling the growth of agro-textile in the market. Several nets manufactured under agro textile, including plant nets, bird protection nets, monofilament nets, clod nets and various others, are widely used for passive protection of seeds, crops or agricultural fruits against any exterior damage.

Growing technological advancements coupled with growing demand for high performance and energy efficient fabrics are acting as a propelling growth factor in the market. Additionally, strict government policies regarding the use of effective personal protective equipment have boosted the market growth on a positive note.

Technical textile market Segmentation

Grand View Research has segmented the global technical textiles market based on manufacture, end use, and region:

Technical Textile Market – Manufacturing Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)

  • Thermoforming
  • 3D weaving
  • 3D knitting
  • Nanotechnology
  • Thermoset synthetics
  • Finishing treatments
  • handmade elements
  • Others

Technical Textiles Market – End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2017-2030)

  • Agro-textiles
  • Buildtech textiles
  • Indutech Textile
  • Hometech Textile
  • Medtech textiles
  • Packtech Textiles
  • Protech Textile
  • Transtech Textile
  • Sportech Textile
  • Textile Clothtech
  • Others

Technical Textile Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Greece
  • Asia Pacific
  • Central & South America
  • Middle East and Africa

List of Technical Textiles Market Key Players

  • API Low & Bonar
  • Freudenberg Group
  • Berry Global Group, Inc.
  • Ahlstrom-Munksjo
  • Asahi Kasei Advance Corporation
  • Kimberly Clark Corporation
  • Mitsui Chemicals, Inc.
  • Huntsman International LLC
  • Berry Global Group, Inc.
  • Toray Industries, Inc.

Check out other related studies published by Grand View Research:

  • US digital printed textile market The U.S. Digital Printed Textile Market Size is Expected to Reach $2,519.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 15.9% from 2022 to 2030. Growing demand for soft signage applications provides opportunities for digital textile printers and is expected to stimulate market growth.
  • Textile market – The size of the global textile market is expected to reach $1,420.3 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report from Grand View Research, Inc. Rising levels of consumer awareness coupled with rapidly changing trends in the industry fashion is expected to drive the growth of the market. The rise of e-commerce platforms that support the sales and distribution of different types of products produced by the textile industry is also expected to boost the demand for textile-related products, thereby increasing the growth of the market. Additionally, stringent regulations to ensure labor or worker safety in various application industries are propelling the demand for personal protective equipment (PPE), which requires treated wool or cotton as raw material.
  • Medical textiles market – The global medical textiles market size is expected to reach $26.21 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 4.5% from 2021 to 2028. The emergence of new application areas of medical textiles, as well as the development new fibers and yarn and fabric manufacturing technologies, is expected to support the growth of the market over the forecast period.

Browse research reports on the advanced interior materials industry from Grand View Research.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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