The Global Technical
Textiles Market research report interprets
definition, an investigation of significant progress in the industry. It
provides overall industry survey, product description, wide array of
applications, top players, and development forecast. It enhances understanding
about that market along with new business trends.
Industry Insights
The technical textiles
industry was valued around USD 143.75 billion in 2014, owing to increasing
diverse end use applications. Technical textile is mainly developed to fulfill
non-aesthetic functions such as safety and comfort. Molded with advanced technology
to perform the specific function such as a shield for humans in extreme weather
conditions, these types of textiles are named in various ways such as technical
textile, industrial textile, and functional textile.
Major factors that are
expected to influence the industry include the technological breakthrough in
medical textiles to amplify opportunities for surgical and diagnostic tools.
Also, growing demand for geotextiles in anticipated to be yet another driver
for the market.
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Main features of the report:
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Technical Textiles Market.
·
A complete
backdrop analysis, which includes an assessment of the parent market
·
Important
changes in market dynamics
·
Market
segmentation up to the second or third level
·
To provide
country level analysis of the market for segment by application, product type
and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
·
Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Technical Textiles Market.
·
Emerging
niche segments and regional markets
·
An
objective assessment of the trajectory of the industry.
Developing markets of the
Asia Pacific, Middle East, and Latin American region are expected to drive
product demand, especially in the automotive industry in the regions. Technical
textiles are used for the construction of transportation system accessories
such as airbags, air balloons and seat covers.
Specific characteristics of
the product such as high durability, adaptability, and superior performance
make this technology attracted by various textile manufacturers. These textiles
owing to their superior properties over traditional textiles are being used to
provide special functions.
Increasing R&D
investments by the industrial participant in the past few years have been the
main factor in the development of various novel products. As product demand
have been seen increasing significantly in the past few years the industry
players have been seen taking serious steps to develop novel applications in
accordance with demand from the consumers. These trends are anticipated to
drive the market over the forecast period.
The versatility of
technical textiles has made them applicable to various fields in the textile
industry. High raw material cost including both natural or manmade is
anticipated to be a major challenge for industry participants. The absence of
sufficient skilled workforce globally for manufacturing of these products is
expected to be yet another factor to restraint the industry growth over the
forecast period. The reinforcement of embankments is presumed to offer
sufficient opportunities for the industry participants over the forecast period
owing to the fact that it is global accepted. Emerging need of quality products
and services in Latin America and Asia Pacific is anticipated to witness fast
acceptance of these products across various industries. Technology Insights
Apart from natural fibers
such as cotton and jute artificially developed fibers, filaments and yarns are
some prominent raw material used in the manufacturing of technical textiles.
Technologies such as 3D knitting, thermoforming, 3D weaving, heat-set methods,
finishing treatments, nanotechnology, hand-made methods, and others are the
leading manufacturing technologies in the present scenario. Thermoforming, 3D
knitting, and 3D weaving are the mainly used methods towing to better quality
in the end product. Nanotechnology being the new process in developing
technical textiles are expected to witness higher acceptability over the
forecast period.
Textiles thermoforming is a
heat treatment process that is used to mold composites that contain fabric
layers. Indutech, Mobiltech, Hometech and Packtech, segments majorly use this
technology. Products such as conveyor belts, spacer fabrics, surgical implants
geotextiles, and webbings are manufactured using 3D weaving process.
The heat-set process is a
thermal process which is carried out either in moist or dry heat atmosphere.
Three-dimensional knitting technology can give an accurate measurement. It
results with minimum requirements for cutting the final product and is used to
manufacture complete garments. The innovation of this technology led to the
minimization of post labor work, with more efficiency regarding time and
productivity.
End-Use Insights
The global technical
textile industry has been divided into various segments that include
indutech(Industrial Textile), mobiltech(automobile), sportech(Sports Textile),
hometech(Domestic Textile), buildtech(Construction textiles),
clothtech(Clothing textile), agrotech(agro textile), packtech(ackaging
Textile), meditech(Health Care Textile), protech(Protecting Textile), and
others.
Owing to the rapid and
constant advancement in automobile technology, mobiltech has the largest share
in the overall market in the recent past which was followed by the Indutech
technology.
Regional Insights
Asia Pacific industry
dominated the industry in 2014. It is expected to account for around 43% of the
overall demand by 2022. North American market is expected to decline moderately
in the next few years owing to moderate growth of the end-use industries.
Various countries in the Asia Pacific region such as India and China are
expected to be some of the leading markets in the region.
Increasing infrastructure
development in Asia Pacific and Central & South American regions owing to
various initiatives taken the respective governments and the developing
healthcare industry in these region is expected to augment demand for these
products in the next few years.
Competitive Insights
The market is fragmented
with numerous multinationals such as Strata Geosystems Ind. Pvt. Ltd., DuPoint,
Johnson & Johnson, Ibena Textilewerke GmbH, SRF, and Ahlstrom. These
industry participants are involving in various acquisitions with various other
multinational or local manufactures and even distributors with the aim of
increasing their annual production and also enhance product range.
Industry players such as
Avintiv have recently increased its product prices and have also taken over
Duonor S.A.S as a strategic move in order to meet regional demand and acquire
substantial market share with the integration of novel technologies.
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