The market for technical textiles has been consistently gaining traction from its diverse application areas such as sports, aerospace, automotive, defense, agriculture, and healthcare. According to the projections of a business intelligence report by Transparency Market Research (TMR), the global technical textiles market will be worth US$160.38 billion by the end of 2018, with the demand incrementing at a CAGR of 3.3% during the forecast period of 2012 to 2018.
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The analyst of the TMR report has highlighted a predominantly fragmented scenario in the technical textiles market, with the global shares distributed among a large number of regional and International players. As the entry barriers are fairly low and raw materials easily available, regional and domestic players are able to compete forcefully with the major players. Consumers often opt for low cost products that are provided by locally positioned players. That being said, there is strong meat to fed-out of for the players who have technologically advanced products. These players invest on research and development of next generation innovation and hold premier positions. Some of the these players are Ahlstrom Corporation, DuPont, Berry Plastics, Freudenberg & Co. KG, Kimberly-Clark Corporation, Polymer Group Inc., TWE Group, and Fiberweb PLC.
Explore Transparency Market Research’s award-winning coverage of the global (Food & Beverages) Industry:
Key Segments of the Global Technical Textiles Market
- Technical textiles market: Technology analysis
- Three Dimensional Weaving
- Three Dimensional Knitting
- Fabrics Produced Using Nanotechnology
- Heat-set Synthetics
- Finishing Treatments (such as Water-resistant Coatings & Holographic Laminates)
- Hand-made elements (such as Stitch or Applique)
- Technical textiles market: End user analysis
- Others (Oekotech and Geotech)
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