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Technical Textiles Market Trends

Report ID: GMI5283
Published Date: Sep 2024
Report Format: PDF

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Technical Textiles Market Trends

The technical textiles industry is set to experience robust growth through 2032, driven by technological advancements and the development of new applications. The increasing focus on sustainability is also influencing market trends, with manufacturers exploring eco-friendly materials and production processes.

The shift towards green textiles made from recyclable and biodegradable materials is gaining traction as industries and consumers alike become more environmentally conscious. Additionally, the integration of smart textiles, which incorporate electronic components for enhanced functionality, is emerging as a key trend in the market. These smart textiles are being used in a variety of applications, including health monitoring, sportswear, and protective clothing, offering new opportunities for market players.

For instance, in June 2024, to promote innovation in textiles, the Centre of India sanctioned grants of 50 lakh each to seven startups in the technical textiles sector as part of the National Technical Textiles Mission (NTTM) in India.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Global market size for technical textiles is expected to reach USD 182 billion in 2023 and will exhibit a 4.5% CAGR from 2024 to 2032, fueled by the increasing demand across various end-use industries such as automotive, construction, healthcare, and agriculture.

The synthetic polymer segment of technical textiles market is expected to reach over USD 150 billion by 2032, due to their superior properties, such as high tensile strength, durability, and resistance to chemicals and environmental factors.

Asia Pacific market is expected to reach USD 110 billion by 2032, driven by rapid industrialization and urbanization, which are leading to increased demand for technical textiles in various sectors, including automotive, construction, and healthcare.

Nobletex Industries Ltd., Milliken & Company, Toyobo Co., Freudenberg Performance Materials, Huntsman International LLC, Asahi Kasei, Kimberly-Clark