Technical Fabrics Market Size, Share & Industry Analysis, By Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber, Others), By Application (Mobiltech,Indutech, Protech, Buildtech, Packtech, Others) By End-Use (Agriculture, Construction, Aerospace, Medical, Packaging, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104245 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Technical fabrics are also called a technical textile. The materials such as natural fiber, synthetic polymer, metal, mineral, and regenerated fiber are utilized for the production of technical fabrics. It is designed to meet specific needs that can’t be met with regular fabrics. The product provides high strength, high thermal resistance, enhanced mechanical resistance, superior insulation, and elevated tenacity. These properties surge its demand in various applications such as mobiltech, indutech, protech, buildtech, and packtech. These applications are majorly utilized in agriculture, construction, aerospace, medical and packaging industries.

The rising demand for technical fabrics in the automotive industry will fuel the market growth. The technical fabrics are cost effective, durable, lightweight, safe, versatile, and eco-friendly. In the automotive industry, these fabrics are used in seating upholstery, seat belts, and tire cords & linear. Hence, rising automotive industry will fuel the demand for technical fabrics during the forecast period.

However, the higher raw materials & finished goods cost and rise in toxic waste generation during the manufacturing of the materials are the factors expected to hinder the market growth.

Key Market Driver -

Rising demand for technical fabrics in the automotive industry to drive the market growth

Key Market Restraint -

Lack of availability hinders the market growth

Market Segmentation:

Based on material, the technical fabrics market is segmented into natural fiber, synthetic polymer, metal, mineral, regenerated fiber, and others. Based on application, the market is segmented into mobiltech, indutech, protech, buildtech, packtech, and others. Based on end-use, the market is segmented into agriculture, construction, aerospace, medical, packaging, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the technical fabrics market include Asahi Kasei, Kimberly Clarke, Berry Global Group, DuPont, Mitsui Chemicals, and Freudenberg & Co., Low & Bonar, Huntsman, Toyobo Co., Milliken & Company, SRF Limited, Lanxess, Koninklijke Ten Cate, and International Textile Group.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific to register sustainable growth in the technical fabrics market during the forecast period owing to the rising demand for the product in the construction industry. The rising demand for the product in the automotive industry will fuel the market growth in Europe. In North America, the growth is due to the increasing use of natural fiber for the production of technical fabrics. Further, the growth in the aerospace industry will also aid to surge the market growth in this region. The Middle East & Africa is anticipated to witness significant growth, owing to the rising demand for the product in the buildtech and packtech.

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Segmentation

ATTRI BUTE	DETAILS
By Material	Natural Fiber Synthetic Polymer Metal Mineral Regenerated Fiber Others
By Application	Mobiltech Indutech Protech Buildtech Packtech Others
End-Use	Agriculture Construction Aerospace Medical Packaging Others
By Geography	North America (U.S. and Canada) Europe (Germany, France, UK, Italy, Spain, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Technical Fabrics Market Developments

In June 2020, Arvind introduced revolutionary Anti-ViralTextile technology under its “Intellifabrix” brand. The company partnered with Swiss Textile Innovation leader HeiQ Materials AG in association with Taiwanese Specialty chemical major M/S Jintex Corporation for the introduction of this revolutionary anti-virus technology in India. This launch will help the company to meet the customer requirement from the textile industry.

In May 2019, Itema, Introduced Itematech company in Frankfurt. The new company produced weaving machines for the technical fabrics weavers, at the exhibition. This new launch will help the company to expand its business in the technical fabrics.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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