Technical textiles market to grow by USD 59.78 billion by 2027, Mobiltech segment will account for a significant share of the global market - Technavio

NEW YORK, Feb. 15, 2023 /PRNewswire/ -- According to Technavio, the global technical textiles market size is estimated to grow by USD 59.78 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.92% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 183.34 billion. APAC will account for 52% of the market's growth during the forecast period.

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Global technical textiles market - Five Forces
The global technical textiles market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global technical textiles market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global technical textiles market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (Mobiltech, Indutech, Sporttech, Buildtech, and Others),

• The mobiltech segment will account for a significant share of the global market during the forecast period. Technical textiles utilized in the automotive or transportation industries are referred to as mobiltech textiles. The term 'mobiltech' refers to textiles with integrated automotive textile technology. It covers a broad spectrum of automotive applications and parts (including aerospace, aircraft, railways, and marine vehicles). It encompasses more than the notion of isolation and safety. It also focuses on comfort and style. Such factors will increase the market growth during the forecast period.

Geography Overview
By geography, the global technical textiles market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global technical textiles market.

• APAC is estimated to account for 52% of the growth of the global market during the forecast period. Owing to factors like rapid urbanization and technological advancements in the healthcare, automotive, and construction industries, APAC has experienced tremendous growth in this sector and currently holds the largest market share. Easy production, inexpensive labor, and favorable government policy support further encourage this. China has been able to maintain its dominance as the world's top producer of textiles and apparel. China's textile industry has remained robust and prosperous despite setbacks like decreased exports of textiles and apparel and rising competition from nations like India. China's ability to produce and meet market demand for cutting-edge technical textiles is one specific development that will set it apart from its rivals in the near future. This will have a positive impact on market growth. 

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Global technical textiles market – Market Dynamics
Key factor driving market growth

• The rising importance of healthcare and hygiene is notably driving market growth. 
• People's spending power has increased as a result of their increased income, and they are prepared to spend more money on their health and hygiene.
• People are more worried about their health now because of the country's increasing risk of pollution and diseases. They are increasingly moving toward cleaner, healthier lifestyles that require the use of things like wipes, face masks, diapers, tooth floss, ear buds, sanitary napkins, etc. Each of these goods uses different types of technical textiles, and as the final products are used more frequently, so has the consumption of technical textiles.
• Surgical dressings, disposable bed sheets, sutures, medical gowns and masks, artificial valves, artificial hearts, and other medical devices all make substantial use of technical textiles. Hence, such factors are expected to drive the growth of the global market during the forecast period.

Leading trends influencing the market 

• The growing use of geotechnical textiles is an emerging trend in the market. 
• Geotechnical textiles are technical textile items used in geological applications involving rock, soil, or other natural elements in civil engineering projects.
• They are made from natural and synthetic fibers utilizing weaving, knitting, and non-woven techniques. Due to their unique technical qualities, including drapability, inertial strength, ecological efficiency, low maintenance, customizable fabric, fineness, and low extensibility, as well as their commercial benefits, including easy access to customized fabric and comparative economy, geotechnical textiles are becoming more popular on both domestic and international markets. 
• Moreover, the geosynthetic is made from a polymeric substance when utilized with soil, rock, or other geotechnical-related materials. Polypropylene, polyester, or polyethylene synthetic polymers are used to create most geosynthetic materials.
• The current range of geosynthetic goods includes, but is not limited to, geotextiles, geogrids, geonets, geomeshes, and geocomposites. Thus, the growing use of geotechnical textiles is one of the growing trends which is expected to drive the growth of the global market during the forecast period.

Major challenges hindering the market growth

• The lack of availability of a skilled workforce is a major challenge impeding market growth. 
• Technical textiles is a very diverse field that uses many manufacturing procedures to create various goods. These procedures call for people with specialized skill sets which are not already present in the domestic business.
• Most government initiatives for workforce development concentrate on fundamental textiles like spinning, weaving, and clothing production.
• For technical textiles, no such specialized curricula have been devised. It is urgently necessary to set up particular forums for dialogue between businesses and academics to build specialized curricula for technical textiles to address this problem.
• Additionally, the government might adjust its programs for developing human resources to better suit the needs of the technical textiles sector.
• Thus, the lack of availability of a skilled workforce can become a major challenge for the growth of the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this technical textiles market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the technical textiles market between 2023 and 2027
• Precise estimation of the size of the technical textiles market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the technical textiles market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of technical textiles market vendors

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Related Reports:

• The technical textiles market in Europe size is expected to increase to USD 8.5 billion from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 4.54%. This report extensively covers market segmentation by application (mobiltech, indutech, sporttech, buildtech, and others), and product (woven, composites, and nonwoven).   
• The size of the medical textiles market is expected to increase by USD 6,097.14 million from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 5.92%. This report extensively covers market segmentation by product (woven medical textiles, non-woven medical textiles, and knitted textiles), application (surgical, healthcare and hygiene products, and extracorporeal), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global technical textiles market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global technical textiles market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Product type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Mobiltech - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Mobiltech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Mobiltech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Mobiltech - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Mobiltech - Year-over-year growth 2022-2027 (%)

• 6.4 Indutech - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Indutech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Indutech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Indutech - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Indutech - Year-over-year growth 2022-2027 (%)

• 6.5 Sporttech - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Sporttech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Sporttech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Sporttech - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Sporttech - Year-over-year growth 2022-2027 (%)

• 6.6 Buildtech - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Buildtech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Buildtech - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Buildtech - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Buildtech - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application ($ billion)

7 Market Segmentation by Product Type

• 7.1 Market segments
• Exhibit 55: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Product Type - Market share 2022-2027 (%)

• 7.2 Comparison by Product Type 
• Exhibit 57: Chart on Comparison by Product Type
• Exhibit 58: Data Table on Comparison by Product Type

• 7.3 Woven - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Woven - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Woven - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Woven - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Woven - Year-over-year growth 2022-2027 (%)

• 7.4 Composites - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Composites - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Composites - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Composites - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Composites - Year-over-year growth 2022-2027 (%)

• 7.5 Nonwoven - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Nonwoven - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Nonwoven - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Nonwoven - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Nonwoven - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product Type 
• Exhibit 71: Market opportunity by Product Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 3M Co.
• Exhibit 124: 3M Co. - Overview
• Exhibit 125: 3M Co. - Business segments
• Exhibit 126: 3M Co. - Key offerings
• Exhibit 127: 3M Co. - Segment focus

• 12.4 Ahlstrom Munksjo
• Exhibit 128: Ahlstrom Munksjo - Overview
• Exhibit 129: Ahlstrom Munksjo - Business segments
• Exhibit 130: Ahlstrom Munksjo - Key news
• Exhibit 131: Ahlstrom Munksjo - Key offerings
• Exhibit 132: Ahlstrom Munksjo - Segment focus

• 12.5 Asahi Kasei Corp.
• Exhibit 133: Asahi Kasei Corp. - Overview
• Exhibit 134: Asahi Kasei Corp. - Business segments
• Exhibit 135: Asahi Kasei Corp. - Key offerings
• Exhibit 136: Asahi Kasei Corp. - Segment focus

• 12.6 Berry Global Inc.
• Exhibit 137: Berry Global Inc. - Overview
• Exhibit 138: Berry Global Inc. - Business segments
• Exhibit 139: Berry Global Inc. - Key news
• Exhibit 140: Berry Global Inc. - Key offerings
• Exhibit 141: Berry Global Inc. - Segment focus

• 12.7 DuPont de Nemours Inc. 
• Exhibit 142: DuPont de Nemours Inc. - Overview
• Exhibit 143: DuPont de Nemours Inc. - Business segments
• Exhibit 144: DuPont de Nemours Inc. - Key news
• Exhibit 145: DuPont de Nemours Inc. - Key offerings
• Exhibit 146: DuPont de Nemours Inc. - Segment focus

• 12.8 Duvaltex Inc.
• Exhibit 147: Duvaltex Inc. - Overview
• Exhibit 148: Duvaltex Inc. - Product / Service
• Exhibit 149: Duvaltex Inc. - Key offerings

• 12.9 Freudenberg Performance Materials 
• Exhibit 150: Freudenberg Performance Materials - Overview
• Exhibit 151: Freudenberg Performance Materials - Product / Service
• Exhibit 152: Freudenberg Performance Materials - Key offerings

• 12.10 HUESKER Synthetic GmbH 
• Exhibit 153: HUESKER Synthetic GmbH - Overview
• Exhibit 154: HUESKER Synthetic GmbH - Product / Service
• Exhibit 155: HUESKER Synthetic GmbH - Key offerings

• 12.11 Huntsman Corp.
• Exhibit 156: Huntsman Corp. - Overview
• Exhibit 157: Huntsman Corp. - Business segments
• Exhibit 158: Huntsman Corp. - Key news
• Exhibit 159: Huntsman Corp. - Key offerings
• Exhibit 160: Huntsman Corp. - Segment focus

• 12.12 Indian Technical Textile Association 
• Exhibit 161: Indian Technical Textile Association - Overview
• Exhibit 162: Indian Technical Textile Association - Product / Service
• Exhibit 163: Indian Technical Textile Association - Key offerings

• 12.13 Milliken and Co.
• Exhibit 164: Milliken and Co. - Overview
• Exhibit 165: Milliken and Co. - Product / Service
• Exhibit 166: Milliken and Co. - Key news
• Exhibit 167: Milliken and Co. - Key offerings

• 12.14 Mitsui Chemicals Inc. 
• Exhibit 168: Mitsui Chemicals Inc. - Overview
• Exhibit 169: Mitsui Chemicals Inc. - Business segments
• Exhibit 170: Mitsui Chemicals Inc. - Key offerings
• Exhibit 171: Mitsui Chemicals Inc. - Segment focus

• 12.15 SRF Ltd.
• Exhibit 172: SRF Ltd. - Overview
• Exhibit 173: SRF Ltd. - Business segments
• Exhibit 174: SRF Ltd. - Key offerings
• Exhibit 175: SRF Ltd. - Segment focus

• 12.16 Toray Industries Inc. 
• Exhibit 176: Toray Industries Inc. - Overview
• Exhibit 177: Toray Industries Inc. - Business segments
• Exhibit 178: Toray Industries Inc. - Key offerings
• Exhibit 179: Toray Industries Inc. - Segment focus

• 12.17 Toyobo Co. Ltd.
• Exhibit 180: Toyobo Co. Ltd. - Overview
• Exhibit 181: Toyobo Co. Ltd. - Business segments
• Exhibit 182: Toyobo Co. Ltd. - Key offerings
• Exhibit 183: Toyobo Co. Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations 
• Exhibit 190: List of abbreviations

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