Technical Textiles Market will Reach 274.1 Billion Dollars in 2027
According to the report published by Allied Market Research; The global technical textile market, which was valued at $201.2 billion in 2019, and is projected to reach $274.1 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.
Technical textiles, which is the fastest growing area of the textile industry; Today, it appears in many fields such as medicine, transportation, protective clothing, agriculture, sports equipment, packaging, geotextiles, construction and industry. Technical textiles produced by the combination of some special chemical processes to bring new properties to various natural fibers; It has features such as higher performance and strength compared to traditional textiles. Therefore, it is widely used not only in clothing, but also in different industries such as medical, automotive, agriculture, defense, aerospace, sports.
According to the report; The increase in geotextile demand in developing countries and the preference for nonwoven technical fabrics are accelerating the growth of the global technical textile market. On the other hand, it is thought that the innovative methods used for the recycling of textiles will create new opportunities in the coming years. The supply chain was interrupted by lockdown during the Covid-19 pandemic. This created roadblocks in the supply of raw materials for the chemical industry. While the demand for masks and other textiles as protective equipment has increased significantly, this has also increased the demand for technical textiles. Demand from the automotive industry has decreased significantly due to the closure of production activities.
However, sustainability and innovation remained among the key priorities of the industry. Many manufacturers have sought to reduce their environmental impact by increasing the use of recyclable materials and extending the life of their products. Therefore, the use of recyclable materials has increased significantly, especially in nonwovens.
Synthetic polymer will continue to dominate until 2027
On a material basis, synthetic polymer is estimated to account for more than half of the total share of the global technical textile market in 2019 and will continue to dominate until 2027. On the other hand, it is estimated that the natural fiber segment will have the highest share.
On a process basis, the weaving segment accounted for more than two-thirds of the total market share in 2019 and is expected to maintain its lead throughout the forecast period. However, the nonwovens segment is expected to record the highest CAGR of 5.7% from 2020 to 2027.
Asia-Pacific will maintain its leading position
On a regional basis, Asia-Pacific had the largest share in 2019, contributing more than one-third of the total market share and will maintain its leading position throughout the forecast period. This is attributed to factors such as increased access to healthcare infrastructure in developing countries such as India, China and others. Increasing access to health infrastructure in the coming years will activate the health and pharmaceutical industries. As a result, this will increase the demand for medical textiles during the forecast period. Moreover, this region is predicted to witness the highest CAGR of 5.9% from 2020 to 2027.
Key players of the industry adopted a cooperation and partnership strategy to compete
Key players are adopting multiple strategies such as product launch, business expansion, acquisition, partnership, collaboration, joint venture and agreement to remain competitive in the technical textile market.
For instance, Berry Global Group, Inc. announced the capital investment in its melt blown nonwoven fabric capacity for South America. This is Berry’s first melt blown asset, based on its Meltex™ technology, to be located in South America. This expansion strengthened the company’s global reach and position as a leading nonwovens producer.
In addition, Mitsui Chemicals, Inc., developed AIRYFA, the world’s first flexible nonwoven with high strength by exploiting its proprietary polyolefin spinning technology. It is a high-performance nonwoven that is soothing on skin, simultaneously materializing softness and strength.
Technical Textile Market in Europe will Grow by 4.54%
Another study published by Technavio revealed the developments in the technical textile market in Europe. Technavio has been monitoring the technical textiles market in Europe and is forecast to grow by $8.5 bn during 2022-2027, accelerating at a CAGR of 4.54% during the forecast period. The market is driven by increasing demand for technical textiles in the European Union, growing demand in the healthcare industry, and the rise in demand for lightweight and fuel-efficient transportation vehicles.
This study identifies the emergence of new technology as one of the prime reasons driving the technical textiles market growth during the next few years. Also, increasing contribution of artificial intelligence to the textile industry and increasing use of advanced material and geotextiles in textile industry will lead to sizable demand in the market.
Nonwoven Fabric Market Will Reach 53.43 Billion Dollars by 2030
According to the comprehensive market research report by Market Research Future (MRFR); The nonwoven fabric market size was 31.3 billion USD in 2021. The Nonwoven fabric market industyr is projected to grow from USD 33.27 billion in 2022 to USD 53.43 billion by 2030, exhibiting a compound annual growth rate of 7.05 during the forecast period (2022-2030). Increased domestic demand for sanitary goods and rising demand from the healthcare sector are key market drivers enhancing market growth.
As per market Dynamics, nonwoven t
Trends in the Nonwoven Fabric Market
extiles are being incresingly utilized in medical applications as more reasonably priced products become accessible in hospitals with tight budgets. Surgical gowns, drapes, gloves and instrument covers-disposable and reusable- are routinely used in hospitals. Government programs to reduce HAIs support using nonwoven medical prodects such as disposable patient gowns, drapes and linens. The main factor driving the rise in demand for these goods in healthcare industry is their ability to help stem the spread of HAIs. Additionally, the aging population in western nations combined with the expanding healtcare sector in emerging regions will further accelerate the growth rate of the nonwoven fabric market.
Increasing concerns due to hygiene enlarges the Nonwovens market
The demand for nonwoven face masks has significantly increased as a result of the Covid-19 outbreak in order to stop the virüs from spreading. As a result, the demand for nonwoven materials is rising exponentially. Due to the growing usage of female hygiene products in nations like China and India, Asia Pacifics expects to see considerable growth in the use of hygiene products throughout the projected period. Asia Pacifics nonwoven fabric market accounted for USD 12.5 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. Due to the growing domestic demand for hygiene goods, the expanding working population, and a strengthening economy, Asia-Pacific accounted for a significant portion of the market in 2020.
More than 605 of Indian women do not utilize sanitary items. This is mostly because there are so many people living in rural regions. The market for nonwoven in the nation is anticipated to expand quickly due to the rise in sanitary care product adoption rates brought on by increased hygiene concerns. According to Statista, sanitary napkin Sales in India hit 10.31 billion units in 2021, increasing by almost 100% over the previous five years.
Due to rising hygiene -related concerns, the market for infant diapers and feminine products has also been expanding quickly in China.
According to SDMA, the overall cost of wound care in the United Kingdom is anticapated to be roughly EUR 8.3 billion (usd 9.7 billion) The management of unhealed wounds accounts for around 67%, causing the need for nonwoven fabric. Every year, the NHS treats 3.8 million patients or around 7% of the world’s adult population.
The need for geotextile is increasing due to increasing construction investments
The need for geotextiles in building and roads has increased due to rising construction investment in emerging economies like Brazil, China, and India.
On the other hand, the North America nonwoven fabric market is anticipated to expand profitably between 2022 and 2029 due to the rapid development of new Technologies in the area. Due to the growth of infrastructure and building activities, North America (the U.S. and Canada) and Latin America are recognized as the second-largest hub for the manufacturing of nonwoven fabric. Additionally, the Region’s market demand is further boosted by the growing healhcare spending. Further, the Canada nonwoven fabric market held the largest market share, and the U.S. nonwoven fabric market was the fastest-growing market in the Region.
China, South Korea and India Dominate the Nonwoven Fabric Market
Asia-Pacific is home to some of the biggest nonwoven fabric producers in the world, including China, Japan, India, Australia, and South Korea. This region generates about 40% of the world’s total production in this industry. China, South Korea, and India dominate the nonwoven fabric market.
The most popular mode of transportation in Europe, which includes Germany, the United Kingdom, France, Russia, and Italy, is the automobile. As a result of the significant need for non-woven fabrics in the automobile industry, this region has quickly increased its use of them. Further, the Germany Non woven fabric market held the largest market share, and the U.K. Non woven fabric market was the fastest-growing market in the European Region. The rest of the world will continue to grow steadily and consistently throughout the rest of the year, including the Middle East and Africa.
