Technical Textile Market Share, By Key Companies, Trends & Forecasts to 2020

Posted May 17, 2017 by shravand123

The technical textiles market is projected to grow at a CAGR of 5.18% between 2015 and 2020

Technical textiles is an emerging market in the textiles & fabric industry. The classification of technical textiles depends on its function & chemical properties and application. It has experienced continuous progress with regard to technological advances and innovation. This industry has been growing since the past few years with the advent of new technologies in nonwovens, fabric finish, weaving, knitting, and fiber & spinning. The technical textiles sector is a knowledge-based research-oriented industry and has been slowly but steadily, gaining ground due to functional requirements, namely, facets such as health & safety, cost effectiveness, durability, high strength, lightweight, versatility, customization, user & eco-friendliness, and logistical convenience in aerospace, shipping, sports, agriculture, defense, health care, and construction sectors.

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The technical textiles market, in terms of volume, is projected to reach 42.20 Million Metric Tons by 2020, at a CAGR of around 4.68% from 2015 to 2020.
The market for the global technical textiles industry has se en an upward surge since 2000. The Asia-Pacific region accounted for around 33.13% of the total market share in terms of value in 2014, followed by the North American and European regions at 29.13% and 24.02 %, respectively. However, as the technical textiles market in developed countries is getting matured, the market in developing countries such as China, Japan, and India is projected to grow at a higher rate from 2015 to 2020. China, with a CAGR of 5.93%, is projected to grow faster than any other country. This is because of its vast population and high industrial and technological developments in the country.

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Scope of the Report
This research report categorizes the technical textiles market based on type, application, and region.
Based on product type, the market has been segmented as follows:
• Fabrics
• Unspun fiber
• Yarn-product type
Based on fiber type, the market has been segmented as follows:
• Natural fiber
• Synthetic fiber
• Specialty fiber
Based on technology, the market has been segmented as follows:
• Nonwovens
• Fabric finish
• Weaving
• Knitting
• Fiber & spinning
• Others (includes knotting, coating, and laminating)

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Based on fabric fiber type, the market has been segmented as follows:
• Colored
• Non-colored
Based on colorants, the market has been segmented as follows:
• Dyes
• Pigments
Based on application, the market has been segmented as follows:
• Agrotech
• Meditech
• Mobiltech
• Packtech
• Sportech
• Buildtech
• Clothtech
• Hometech
• Protech
• Others (includes Geotech, Oekotech)
Based on region, the market has been segmented as follows:
• North America
• Europe
• Asia-Pacific
• RoW (Israel, Chile, UAE, and Colombia)

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Issued By mnm Group
Country United States
Categories Advertising , Business
Tags Technical Textile Market , Textile market , Technical Textile , Construction Textiles , Clothing Textiles
Last Updated May 17, 2017