Technical textiles market trends : key market trends segments & forecast 2030

The Technical Textile Market trends was USD 188.43 billion in 2022 and is projected to reach USD 267.96 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2030.
Technical textiles, a rapidly expanding sector, encompass a wide range of specialized fabrics and materials designed to serve specific functional purposes. These textiles find applications in various industries such as automotive, healthcare, construction, and sports, among others. With the increasing demand for advanced materials that offer enhanced performance, durability, and functionality, the Technical Textile Market is poised for substantial growth in the coming years.
The market's impressive growth trajectory can be attributed to several factors. Firstly, the rising need for innovative and high-performance materials in industries like automotive and aerospace is driving the demand for technical textiles. These industries require materials that offer superior strength, heat resistance, and lightweight properties, thereby boosting the adoption of technical textiles.
Furthermore, the healthcare sector is witnessing a surge in demand for medical textiles, including wound dressings, surgical gowns, and implants. The growing awareness regarding hygiene and infection control measures has propelled the utilization of technical textiles in healthcare settings, contributing to market growth.
Moreover, the construction industry is increasingly adopting technical textiles for applications such as geotextiles, architectural membranes, and reinforcement materials. These textiles provide excellent strength, durability, and weather resistance, making them ideal for various construction projects.
Additionally, the sports and leisure sector is embracing technical textiles for sportswear, outdoor gear, and protective equipment. The demand for performance-enhancing textiles that offer breathability, moisture-wicking properties, and comfort is driving the market's expansion in this segment.
Geographically, the Technical Textile Market is witnessing significant growth in regions such as Asia Pacific, North America, and Europe. The Asia Pacific region, in particular, is expected to dominate the market due to the presence of major textile manufacturing.
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KEY MARKET SEGMENTATION
By Raw Materials
Natural Fibre
Synthetic Polymer
Mineral
Others
By Manufacturing
3D Weaving
3D Knitting
Thermoforming
Finishing Treatments
Nano Technology
Handmade Elements
Heat-set Synthetics
Others
By End Use
Clothtech Textile
Agro Textiles
Indutech Textile
Sportech Textile
Buildtech Textiles
Hometech Textile
Protech Textile
Transtech Textile
Packtech Textile
Medtech Textile
Others
Key Players
Some of the major key players in the technical textile market are Toray Industries Inc, Low Bonar PLC, Kimberly-Clark Corp, Freudenberg Group, Huntsman International LLC, Ahlstrom-Munksjo, Mitsui Chemicals Inc, Berry Global Group Inc, Asahi Kasei Advance Corp, Milliken Company, and other players.
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