Nanotextiles: Opportunities and Global Markets Materials Industry Research


Posted June 19, 2019 by yadav26

Nanotextiles are a class of textiles that utilize nanotechnology during their fabrication process.

 
Nanotextiles are a class of textiles that utilize nanotechnology during their fabrication process. In particular, the term nanotextiles applies to four categories of products: nanocoated textiles, fabrics consisting of nanofiber webs, textiles obtained from composite fibers based on nanostructures, and nanoporous textiles.

Although the origin of nanotechnology can be traced back to the 4th century, the first nanotextiles were only introduced during the 1980s in the form of nanofiber-based membranes for filtration. During the past 40 years, sales of nanotextiles have expanded steadily and are currently experiencing very strong growth, due to their increasing use in the fabrication of mass-market products within a range of sectors. This study provides an updated, comprehensive description of nanotextiles and their characteristics, highlighting the latest developments in their fabrication technology and features. It also offers a detailed market analysis for these products by segment (nanotextile type, functionality, nanostructured material, application, and region), describing technical aspects and trends that will affect future growth of this market.

As shown in the Summary Table, the global market for nanotextiles increased from nearly REDACTED in 2017 to REDACTED in 2018 and is estimated to be valued at REDACTED in 2019.
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Consumer products, which include mainly apparel and household articles, currently account for the largest share of the market, at an estimated REDACTED of the total in 2019, corresponding to REDACTED in 2019. Within this segment, nanotextiles are being used primarily for the fabrication of high-performance outerwear and stocking. Sales of these products have risen at a very healthy CAGR of REDACTED during the 2017-2019 period.

Sales of nanotextiles are projected to continue rising at a double-digit rate during the next five years. Relevant factors that will contribute to market expansion through 2024 are the following -
- Increasing penetration in large industry sectors such as apparel, filtration and separation, catalysis, biomedical, energy, and automotive.
- Greater utilization in the fabrication of products characterized by strong demand, such as membranes, photocatalysts, and tissue engineering scaffolds.
- Growing market penetration of nanotextiles in developing countries.
- Increasing use of these products in wearable electronics and wearable medical devices.
- High levels of related R&D activities.

As a result, the total market for nanotextiles is forecast to rise at a CAGR of REDACTED from 2019 to 2024, reaching global revenues of REDACTED in 2024.
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Categories Manufacturing , Marketing , Technology
Tags hydrophobic nanotechnology fabric , nano fabric manufacturer , nano textile , nanotechnology in fabrics , textile nanotechnology , textile nanotechnology system
Last Updated June 19, 2019