The global technical textiles market is
anticipated to reach USD 14.93 billion by 2026 according to a new study
published by Polaris Market Research
The primary driving factors for the
global market includes the increasing consumer profiles along with income
levels, rising end user sectors such as automobiles, sports, healthcare etc.
The overall industrial and infrastructure development in the emerging and
developed nations are yet other potential reasons for the market growth.
Moreover, the initiatives from several governments and other regulatory bodies
in attracting substantial investments in development of novel technical textile
product are also anticipated to drive the industry growth. These products
represent mainly a next generation of smart textiles with potential use in
various fashion products, technical textiles and furnishing applications. The
basic notion of these smart textiles consists of the textile structures that
senses and also reacts to various stimuli from the environment. The market
expansion of these products is owing to the new textile fiber types and its
structure, miniaturization of the electronics and also wireless & wearable
technologies.
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The technical textiles include
around 51 potential products for high growth that accounted for over 25% of
industry size in 2017. A few of these include mulch mats, shade nets,
anti-hail, crop covers, anti-bird nets, incontinence diaper, baby diapers,
sanitary napkins, surgical disposables, artificial heart valves, bullet proof
jackets, disposable bed sheets, nuclear protective clothing, chemical
protective clothing, industrial clothing etc. These products represent
multi-disciplinary segments with several application sectors. Advancements in
functionality of technical fibers and yarns including low elongation at break
high tenacity, low thermal shrinkage, high modulus, high resistance to
corrosion, higher thermal stability etc. which were the outcome of significant
investments in R&D by industry participants have been helpful in increasing
its applications in numerous industries.
Some of the leading industry
participants currently operating in the industry include DuPont De Nemours
& Co., Royal Ten Cate, Johns Manville, Ahlstrom Corporation, GSE
Environmental Inc., Proctor and Gamble, Freudenberg & Co., Hindustan
Technical Fabrics Limited, Huesker Synthetic GmbH and 3M.
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North America was the leading regional
market in 2017. Along with increasing penetration of these products,
consumption of technical textiles is increasing, and several nations cater to
their demand by mainly importing these smart textiles from the U.S. The primary
export markets of the U.S. include India, Vietnam, Brazil and Taiwan. Taiwan
and Korea have emerged as a potentially powerful competitor to the US. The Asia
Pacific market is projected to grow at a faster rate compared to other regions.
