Global Technical Textiles Strategic Markets Report 2023: Market to Reach $276.8 Billion by 2030 - Developed Regions Remain Major Contributors, Developing Regions Emerge as Hot Spots for Market Growth

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Mar 02, 2023, 06:15 ET

DUBLIN, March 2, 2023 /PRNewswire/ -- The "Technical Textiles: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Technical Textiles Market to Reach $276.8 Billion by 2030

The global market for Technical Textiles estimated at US$189.2 Billion in the year 2022, is projected to reach a revised size of US$276.8 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

Woven, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$109.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Woven segment is readjusted to a revised 5.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $47.5 Billion, While China is Forecast to Grow at 6.7% CAGR

The Technical Textiles market in the U.S. is estimated at US$47.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$58.9 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$44.8 Billion by the year 2030.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.

Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.

Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
An Introduction to Technical Textiles
Technical Textiles: Current Market Scenario and Outlook
Technical Textiles Emerge as a Major Segment within the Global Textile Industry
Ever Evolving Production Technologies Enhance Technical Textiles' Clout
A Brief Note on Technical Textiles Production Processes
While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Hot Spots for Market Growth
Competitive Scenario
Technical Textiles: A Fragmented Marketplace
Vendors Focus on Partnerships, Collaborations and M&A to Gain Competitive Edge
Recent Market Activity
Technical Textiles - Global Key Competitors Percentage Market Share in 2022 (E)

MARKET TRENDS & DRIVERS

Growing Use Case Across End-Use Sectors Accelerates Market Expansion
New & Emerging Applications Bolster Market Prospects
Select Applications of Technical Textiles by End-Use Sector
Mobile Textiles: Major Segment
Ultralight Mobile Textiles Make a Cut
Increasing Automotive Production Augurs Well
A Glance at Primary Applications of Mobile Textiles in Automotive Vehicles
Rising Demand for Building Textiles Underpins Market Expansion
Geotextiles Step In to Enhance Overall Market for Building Textiles
Road Construction, Erosion Control, and Drainage: Primary Applications
Visible Shift towards Spunbonds
Spunbond CAPEX Continues to Grow
Growing Emphasis on R&D
Uptrend in Construction Industry Augurs Well
Resolving Prevailing Challenges: Critical for Future Success
Medical Textiles Emerges as Rapidly Growing Market Niche
A Glance at Key Applications of Medical Textiles
Innovations Spur Demand
Soaring Opportunities for Technical Textiles in Industrial Sector
Sports Textiles: Niche Segment
Technical Textiles Make their Way into Residential Environments
Clothing Textiles Make a Cut
Agro Textiles Set to Expand Footprint and Addressable Market
A Look into Key Applications of Agro Textiles
Packaging Textiles Gain Traction
Cosmetic Textiles Seek Opportunities
Intensified Demand for Nonwovens Revs Up Overall Sales
Expanding Applications for Technical Textile Composites
Nanotechnology Comes to Fore to Augment Technical Textile Landscape
Organic Materials Extend Effective Alternative to Petroleum-derived Feedstock
Focus on Environmental Conservation & Sustainability Widens Use Case
Technology Innovations to Spearhead Growth
Technical Textiles Market to Gain from Prevailing Socio-Economic & Demographic Trends
Stable Economy
Growing Population & Urban Sprawl

FOCUS ON SELECT PLAYERS (Total 159 Featured)

3M Company (USA)
Agru America, Inc. (USA)
Ahlstrom-Munksjo Oyj (Sweden)
Asahi Kasei Corporation (Japan)
Belton Industries, Inc. (USA)
Berry Global Group (USA)
Borgers SE & Co. KGaA (Germany)
Delfingen Industry S.A (France)
DuPont de Nemours, Inc. (USA)
DSM Dyneema BV (Netherlands)
Elevate Textiles, Inc. (USA)
Fibertex Nonwovens A/S (Denmark)
Freudenberg SE (Germany)
Global Synthetics Pty. Ltd. (Australia)
Hanes Geo Components (USA)
Hindoostan Mills Ltd. (India)
Huesker Synthetic GmbH (Germany)
Johns Manville (USA)
Kimberly-Clark Corporation (USA)
Lenzing Plastics GmbH & Co KG (Austria)
Low & Bonar PLC (UK)
Milliken & Company (USA)
NAUE GmbH & Co. KG (Germany)
Officine Maccaferri S.p.A. (Italy)
Propex Operating Company LLC (USA)
Royal Ten Cate (Netherlands)
SGL Carbon (Germany)
SKAPS Industries (USA)
Solmax (Canada)
SRF Limited (India)
Strata Systems, Inc. (USA)
Techfab India (India)
Teijin Limited (Japan)
Thrace Group (Greece)
TWE Group GmbH (Germany)

For more information about this report visit https://www.researchandmarkets.com/r/xx5de3

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