Technical Textiles Market To Be Worth $193.16 Billion By 2022 | Key Industry Players Avintiv, Kusumgar Corporates
San
Francisco, 23 October 2018 - The global technical textiles market is expected to reach USD
193.16 billion by 2022, according to a new report by Grand View Research, Inc.
Growth of key end-use industries such as agriculture, construction, packaging
and automotive in BRIC nations is expected to remain a key driving factor for
global technical textiles market. Being one of the most innovative branches of
industry across the world is expected to create new avenues for market
participants. Introduction of environmental regulations on conventional
petroleum based technical textiles usage directly impacted the global market.
Technical textiles are used in almost all modern industries including furniture,
automotive, footwear, textiles and others.
3D weaving was the leading technology and accounted
for 25.2% of total market volume in 2014. Nanofiber is expected to witness the
highest growth of 4.1% from 2015 to 2022. Growth of nanotechnology across various
end-use industries is expected to drive this segment over the forecast
period.
Full
Research Report On Global Technical Textiles Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/technical-textiles-market
www.grandviewresearch.com/industry-analysis/technical-textiles-market
Further
key findings from the report suggest:
- Global technical textiles market demand was
26,58 million tons in 2014 and is expected to reach 35.47 million tons by
2022, growing at a CAGR of 3.7% from 2015 to 2022
- Mobiltech was the leading application segment
and accounted for 15.2% of total market volume in 2014. Growing demand for
high performance materials from automotive industry is expected to remain
a key driving factor for this segment over the forecast period.
- Meditech, is expected to witness the highest
growth of 4.6% from 2015 to 2022. Increasing healthcare expenditure in
China and India coupled with presence of sophisticated healthcare
infrastructure in most parts of Europe and North America is expected to
drive this segment over the next seven years.
- Asia Pacific dominated the global technical
textiles market with demand share exceeding 45% in 2014. Growing
industrialization, increasing access to medical care and huge
infrastructure spending particularly in China, India, Indonesia and
Thailand is expected to drive regional growth.
- Technical textiles have higher production cost
as these are manufactured from advanced superior raw materials. Basic
textiles use natural and synthetic raw materials in their manufacturing
process. However, wide range of applications gives the overall market an
upper hand in terms of competitive analysis.
- Global technical textiles market is dominated
by top multinational corporations which are present across the value
chain. Major companies have been investing in R&D to avoid volatile
petroleum prices and uncertainty regarding their availability. Frequent
joint ventures and strategic partnerships are witnessed which is expected
to increase their market share. E.I du Pont de Numours & Company,
Avintiv, Kusumgar Corporates, SRF, Ahlstrom, Ibena Textilewerke GmbH,
Johnson & Johnson, Procter & Gamble and 3M are some key companies
operating in the global market space.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/smart-textiles
www.grandviewresearch.com/industry/smart-textiles
Grand View Research has segmented the technical textiles market on the
basis of technology, end-use and region:
Global
Technical Textiles Technology Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
- Thermo-forming
- 3D
Weaving
- 3D
Knitting
- Nanofibers
- Heat-set
Synthetics
- Finishing
Treatments
- Hand-made
elements
- Others
Global
Technical Textiles End-use Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2022)
- Mobiltech
- Indutech
- Sportech
- Buildtech
- Hometech
- Clothtech
- Meditech
- Agrotech
- Protech
- Packtech
- Others
Technical
Textiles Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-technical-textiles-market
www.grandviewresearch.com/press-release/global-technical-textiles-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
Comments
Post a Comment