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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
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.
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.
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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