Technical textiles are designed for their functional purposes in various fields such as construction, aerospace, sports, defense, military and others. Major factor driving growth of the global technical textiles market is increasing adoption in various industries such as automobile and clothing.
The global technical textiles market has been segmented on the basis of material, process, application, and region. On the basis of material, the market is segmented into natural fiber, metal, synthetic polymer, mineral, and regenerated fiber. Revenue of synthetic polymer segment is expected to dominate the global market over the forecast period, owing to its increasing use for production of protective clothing and medical purposes.
On the basis of process, the market is segmented into knitted, woven, non-woven, braided, and knotted. Woven segment is expected to account for major share in terms of revenue in the near future, owing to its wide application area such as automobile, construction, clothing, and low production cost.
On the basis of application, the market is segmented into protective and safety clothing, medical and hygiene textiles, agriculture, horticulture and fishing, transport textiles, home textiles, construction, sport and leisure, and others. Transport textiles is expected to witness fastest growth in terms of revenue, due to increasing demand for seat belts, seat covers, air bags in military, as well as in commercial transportations.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Asia Pacific dominates the global market in terms of revenue and expected to maintain its dominance over the forecast period, owing to increasing demand for technical textiles and growing manufacturing industries in emerging economies. In addition, rising disposable income and increasing urbanization are also factors fueling growth of the technical textiles market in Asia Pacific region. North America is expected to account for second-height share in terms of revenue in the near future, due to increasing use of technical textiles for various purposes in this region.
Key players operating in the global technical textiles market include E. I. du Pont de Nemours and Company, Asahi Kasei Corporation, Kimberly-Clark Corporation, Mitsui Chemicals, Huntsman Corporation, Low & Bonar PLC, Freudenberg & Co. Kommanditgesellschaft, Berry Global Group, Inc., Toyobo Co., Ltd., and Milliken & Company, Inc.