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Technical Textiles Market Size
- Report ID: GMI5283
- Published Date: Jun 2022
- Report Format: PDF
Technical Textiles Market Size
Technical Textiles Market size was valued at USD 169,474.2 million in 2021 and is estimated to exhibit 4.8% CAGR from 2022 to 2028, driven by the rising adoption of high-performance airbag & seat belt technology in automobiles. Over the forecast period, it is estimated that the industry share by volume will expand at 4% CAGR to reach 68,775.6 thousand tons by 2028.
Technical textiles are referred to as textile solutions, which primarily focus on the technical performance instead of the product’s aesthetic purpose. They are manufactured using natural & man-made fibers such as Spandex, Kevlar, Nomex and Twaron. These fibers display improved functional features such as improved thermal resistance, excellent insulation and higher tenacity. Technical textiles are used in various end-use industries such as automobile, homecare, construction, and healthcare, among others.
The demand for technical textiles has increased globally in recent years owing to improving economic conditions. Technological advancements, increase in end-use applications, durability, eco-friendliness, user-friendliness, and cost-effectiveness of technical textiles have led to their increased demand globally.
Furthermore, rapid urbanization, increasing awareness among the user population, rise in disposable incomes, new technological advancements in the medical, automobile & construction industries aided by easy production, low-cost labor, and conducive government policy support will positively impact the global technical textiles market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Technical Textiles Market Size in 2021: | 169,474.2 Million (USD) |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 4.8% |
| 2028 Value Projection: | 232,446.7 Million (USD) |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 367 |
| Segments covered: | Material, Type, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The ongoing COVID-19 pandemic has substantially influenced the technical textiles market performance. Technical textiles are significantly used to produce various medical equipment such as PPE kits, face masks, and gloves. To contain COVID-19 spread globally, the market witnessed an increase in the overall production of medical Personal Protection Equipment (PPE), primarily driven by the demand for face shields, gloves & masks. The demand for PPE, especially face masks, will remain high over the forecast period to restrain the spread of COVID-19.
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Technical Textiles Market Scope
