Technical Textile Market worth 220.37 Billion USD by 2022


Posted November 1, 2019 by abhijeetw1

The technical textile market was valued at USD 157.68 Billion in 2016 and is projected to reach USD 220.37 Billion by 2022, at a CAGR of 5.89% from 2017.

 
The technical textile market was valued at USD 157.68 Billion in 2016 and is projected to reach USD 220.37 Billion by 2022, at a CAGR of 5.89% from 2017. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. The market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region.

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KEY MARKET PLAYERS -

The technical textile market is dominated by key players such as Asahi Kasei (Japan), Kimberly Clarke (US), Berry Global Group (US), DuPont (US), Mitsui Chemicals (Japan), and Freudenberg & Co. (Germany). Other players include Low & Bonar (UK), Huntsman (US), Toyobo Co. (Japan), Milliken & Company (US), SRF Limited (India), Lanxess (Germany), Koninklijke Ten Cate (Netherlands), and International Textile Group (US). These players have adopted various strategies to expand their global presence and increase their market share. These include mergers & acquisitions, expansions & investments, agreements & partnerships, and new product launches.

Technical Textile Market: By Application

Mobiltech
Indutech
Meditech
Protech
Packtech
Agritech
Hometech
Clothtech
Buildtech
Sportech
Oekotech
Geotech
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Technical Textile Market: By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
The woven segment is expected to grow at the highest CAGR during the forecast period

Based on process, the woven segment is expected to be the fastest-growing during the forecast period. This growth can be attributed towards factors such as easy production and low cost. Woven technical textiles find wide application in various sectors such as construction, clothing, automobiles, and others.
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Issued By MNM
Country United States
Categories Business , Industry
Tags technical textile , technical textile market
Last Updated November 1, 2019