Home >> News >> Demand of Technical textile In Healthcare Revives the Market CAGR to 8% From 2019-2029

Demand of Technical textile In Healthcare Revives the Market CAGR to 8% From 2019-2029

According to the latest report published by Acute Market Reports “Technical Textile Market” – Growth, Future Prospects and Competitive Analysis, 2019-2029,” the Technical textile market is expected to expand at a CAGR of 8 % from 2021 to 2029

The global fashion industry worths $ 440 billion & is expected to grow in the future. The demand for textile is increasing as per the needs & its application. Consumers are expecting better quality of textiles along with their sustainable property. Regular fibers like natural fibers and synthetic fibers (polyester, viscose, nylon& polypropylene) account for 70% of the total fiber used in technical textiles, specialty fibers constitute the remaining 30%. Their characteristics such as lightweight, durability, and thermal stability have led to an increase in the overall demand for such composite materials. The Global Specialty Fibers market is expected to grow from $ 14.19 Billion in 2017 to reach $ 46.9 Billion by 2026 with a CAGR of 14.2%. The industry tends to grow as technology & innovation is held along with eco-friendly aspects, natural fiber is least used to ensure existence.

The complete report is available at https://www.acutemarketreports.com/report/technical-textiles-market

Currently, technical textile materials are most widely used in filters, clothing, furniture, hygiene, medical and construction products. The industry grows significantly as there is wide range of application in the industry. Technology & innovations leads the technical textile in wide range of application in constructions, medical, sports, industries, agriculture, mobile, automobile & apparel industries. The technology has made the technical material durable & sustainable.  Major brands in textile industry have emerged cause of technical textile & have gained growth in revenue over time. Technical textiles are used for many industrial applications. The prime use of technical textiles is for protective fabrics that are improving people’s safety in their workplaces. Protective technical fabrics provide protection from high temperatures, burns, electric arc flash discharge, molten metal impacts, metal sparks, and acidic environments such as petrochemical, gas plant and refineries. In future, technical textiles will dominate the safety sphere by providing protective garments for various hazards.

The synthetic polymer is accounted for 60% of the market and will grow significantly in future. Synthetic fiber followed by natural fiber, regenerated fiber& other fibers are used in various regions across globe. Knitting, Weaving, Braiding, Nonwoven & Tufting are the techniques used in production of technical textile. Other than these, Thermo-forming, 3D (Three Dimensional) Weaving, 3D Knitting, Fabrics Produced Using Nanotechnology, Heat-set Synthetics, Finishing Treatments (Coating and lamination), Handmade elements such as Stitch/Appliqué are some of the process used in wide range of application in the industry.

Key players in the market include Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg & Co, Low & Bonar, Huntsman, Toyobo Co, Milliken & Company, SRF Limited, Koninklijke Ten Cate, International Textile Group, Baltex, GSE Environmental, Kama holdings limited. The key focus areas of these companies include reduction of carbon footprint, reduction in water usage, recycling products & innovation.

Key Market Movements:                                                                                  

  • Technical textile market is developing significantly with an expected CAGR of 8% from 2021 – 2029.
  • Eco friendly manufacturing, innovation in textiles is key growth factors.
  • Technical textiles are mainly applied in medical, construction, apparel, agriculture & automobile industries.
  • The pandemic led effect on the chemicals used &growth in medical applications.
  • North America, Europe & Asia Pacific dominates the market in the regional analysis.
  • The market tends to grow as sales increase in significant way & innovations lead to attractiveness, ecofriendly property.
  • Key players in the market include Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, Freudenberg & Co, Low & Bonar, Huntsman, Toyobo Co, Milliken & Company, SRF Limited, Koninklijke Ten Cate, International Textile Group, Baltex, GSE Environmental, Kama holdings limited.
  • The key strategy used by these companies includes reduction of carbon footprint, reduction in water usage, recycling products & innovation.

The technical textile market is segmented into:

ATTRIBUTEDETAILS

Research Period

 2019-2029

Base Year

 2020

Forecast Period

 2021-2029

Historical Year

 2019

Unit

 US$ Million

Segmentation

 By Material (2019-2029; US$ Mn)

 By Manufacturing Process (2019-2029; US$ Mn)

 By Application Area (2019-2029; US$ Mn)

 Region type Segment (2019-2029; US$ Mn)

 Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

* Detailed Segments are available at the report page

About Us

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Contact

Acute Market Reports
Address: 90 Church St, FL 1 #3514,
New York, NY 10008 United States
Toll Free(US/CANADA): +1-855-455-8662
E-mailsales@acutemarketreports.com

Websitehttps://www.acutemarketreports.com

Leave a Reply

Your email address will not be published. Required fields are marked *