Technical Textiles Market to Grow at a CAGR of 6.3% during the Forecast Period; Increasing Adoption of Technical Textiles Among Several Industries to Foster Market Growth

The global technical textiles market size was USD 213.68 billion in 2022. The market is set to increase from USD 225.99 billion in 2023 to USD 346.67 billion by 2030 at a CAGR of 6.3% during 2023-2030.

Fortune Business Insights™ presents this information in its report titled, “Technical Textiles Market Size, Share & COVID-19 Impact Analysis, By Product Type (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Meditech, Mobiltech, Packtech, Protech, Sportech, and Oekotech), By Fiber Type (Natural and Synthetic), and Regional Forecast, 2023-2030”. 

Increasing adoption of technical textiles among several industries, such as agriculture & horticulture, construction & civil engineering, footwear & clothing, household furniture & coverings, and others, is fostering market expansion.

Lack of Raw Materials During Pandemic Impeded Market Growth

The COVID-19 pandemic negatively impacted the technical textiles market growth. The COVID-19 outbreak adversely affected top textile-producing countries, including China, India, Bangladesh, Italy, Brazil, and others. Lack of raw materials and supply chain disruptions during the pandemic hindered the market growth.

DuPont Presented a New Global Portfolio of Kevlar-engineered Yarns to Boost Its Market Presence

In October 2022, DuPont introduced a new global portfolio of Kevlar-engineered yarns. These novel products can assist producers in boosting the level of protection without significantly increasing thickness and weight. This new product introduction accelerates DuPont's presence in the market.

Rapid Integration of Advanced Technologies to Fulfil Industry’s Needs to Foster Market Growth 

Rapid technological innovations and growing consumption of technical textiles owing to their many benefits are propelling market expansion. The preference for these textiles over conventional textiles is increasing as they are durable, lightweight, high-strength, and versatile. These textiles are gaining traction with continuously evolving technology and product advancements in the manufacturing sectors. The surging adoption of various technologies, including knitting machines, pleating, and digital printing, by textile producers to fulfil the industry's needs. Rapid integration of nanotechnology to develop new textile materials by enhancing existing textile properties is also supporting market growth.

Nevertheless, the availability of cheap quality fabrics at a lower price is impeding market growth.

Increase in Product Advancements by Top Companies to Foster Market Growth

Key market players are engaged in product advancements, capacity improvement, acquisitions, and collaborations. In July 2021, Germany-based Freudenberg Group created an eco-friendly version of its Evolon RE high-performance textile from recycled polyester.

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https://www.fortunebusinessinsights.com/technical-textiles-market-102716

Notable Industry Development

• February 2021: DuPont company acquired Tex Tech’s Core Matrix Technology. The technology is a monolithic fabric structure that can decrease backface trauma. Matrix technology expands DuPont’s life protection solutions portfolio within safety solutions.

List of the Companies Profiled in the Report:

• DuPont de Nemours, Inc. (U.S.)


• Freudenberg Group (Germany)


• TenCate Fabrics (Netherlands)


• Asahi Kasei Company (Japan) 


• Milliken & Company (U.S.)


• SKAPS Industries (U.S.)


• DELCOTEX DELIUS TECHTEX GMBH & CO. KG (Germany)


• Terram (Berry Global) (U.K.)


• International Fibres Group (U.K.)


• Officine Maccaferri S.P.A (Italy)


• Strata Geosystems (India)


• HUESKER Group (Italy)


• SRF Limited (India)


• Arrow Technical Textiles Private Limited (India)


• Johns Manville (U.S.)

Further Report Findings-

• Asia Pacific dominated the global market. Enhanced government focus and a rise in application cognizance toward technical textiles are the key factors boosting market growth in the region.


• The market in North America is driven by a rise in innovation and the adoption of niche technology.


• The market in Latin America is expected to rise significantly over the forecast period. Increasing demand for technical textiles, including Meditech, indutech, and protech is propelling market expansion in the region.


• Based on product type, the mobiltech segment secured the largest technical textiles market share due to rising need for fabrics in mobility applications.


• By fiber type, the synthetic segment led the global market as they are widely used in numerous industries for various applications, such as apparel use, consumer products, and automobile components. Synthetic fibers comprise fibers made of polymers, metals, minerals, and other materials. 

Table of Segmentation: