Technical textiles refer to textile materials and products manufactured primarily for their technical performance and functional properties rather than their aesthetic or decorative characteristics. The properties may include strength, protection, insulation as well as water, chemical and vibration resistance. The growing demand for technical textiles in industries such as automotive, construction, medicine, agriculture and others has led to significant advancements in material science and engineering to develop new classes of technical textile materials.
The Global Technical Textile Market is estimated to be valued at US$ 225.31 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the technical textile market include Koninklijke Philips NV, Dymedix Diagnostics, Medtronic PLC, CooperSurgical Inc., Cognionics Inc., Ambu A/S, 3M Company, Nihon Kohden Corporation, CONMED Corporation, and Natus Medical Incorporated, among others. The rising awareness about technical textiles and their advantages over conventional materials has boosted demand from various end-use industries. Some key applications seeing increased demand include geotextiles, medical textiles, agrotech, hometech and others. With growing industrial and infrastructure development activities across emerging economies, companies are also expanding their global footprint to tap into new regional markets.
The global Technical Textile Market Size is witnessing strong growth driven by rising demand from key application areas. The medical textiles segment in particular is growing due to increased emphasis on advanced wound care products, surgical supplies and implants. Geotextiles and agrotech textiles are also gaining traction due to widespread road construction projects and growth in smart greenhouse farming respectively. Leading players are investing in RD to develop lighter, stronger and more functional high-performance materials to further aid market expansion.
Market Key Trends
One of the key trends gaining momentum in the technical textile market is the rising popularity of biodegradable and eco-friendly varieties. Conventional synthetic technical textiles are non-biodegradable and contribute significantly to microplastic pollution. However, development of novel bio-based and recycled raw material formulations that can match performance standards is driving the adoption of green technical textiles. Their lower environmental impact is boosting popularity across different verticals including agriculture, infrastructure and medical. This growing preference for sustainable technical textile varieties is expected to shape significant market trends going forward.
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