Technical textiles, also known as smart textiles or functional textiles, refer to materials that are specifically engineered to serve functional purposes beyond traditional aesthetics and comfort. These textiles are designed to possess specialized characteristics that enable them to perform specific tasks or meet particular requirements, making them an essential part of various industries. The technical textiles market has experienced significant growth in recent years, driven by advancements in technology, increasing demand for innovative solutions, and the rising need for high-performance materials in various sectors.
Future Market Insights projects that the technical textile market will most likely reach US$ 202.93 billion by 2023 and US$ 390 billion by 2033, growing at a CAGR of 6.7%. With the increasing demand for technical textile fiber, the global technical textile market is expected to grow quickly across a variety of end-use industries, including apparel, medical, automotive, etc.
Technical textiles are booming in fast-growing industries like automotive, construction, healthcare, infrastructure, and oil and petroleum, which drive demand for medical textiles (Medtech), specialty fabrics, industrial fabrics, protective textiles (Protech), and agricultural textiles (Agrotech).
The textile industry is growing fast, especially in the high-tech, high-performance fabric market. Technical textiles are widely manufactured using the textile coating process. Besides clothing, the textile industry continues to be a big player in technical textiles, which are applied in non-clothing applications. Textile science and technology play a distinctive role in technical textiles because of the need for understanding and applying the principle, mostly in relation to technology, but often also in engineering applications.
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Construction entails a wide range of textiles, including concrete reinforcement, façade foundations, construction of interiors, insulation, weatherproof materials, noise reduction, air conditioning, visual protection, anti-sun protection, and building safety. Several technical textile products have been tested and certified by the International Organization for Standardization (ISO) as flame retardants, ultraviolet stabilizers (UV), and water repellants for building material applications.
Key Takeaways
- Due to technical textiles’ increasing use in defense and military applications, the Indian technical textiles market is expected to grow steadily.
- Asia Pacific is expected to lead the global technical textiles market in the near future, with more than 47% market share in 2023.
- With the growing demand for Meditech textiles in the coming years, Japan and South Korea are expected to hold over 10% of the global market in 2023.
- The market for mobiletech textiles is forecast to grow at a CAGR of 4.5% over the forecast period.
- According to the forecast, nonwoven-based production processes will grow at a CAGR of 4% over the next few years.
“With farmers becoming more aware of the benefits of using technical textiles, reducing pest attacks, and enhancing agriculture productivity, the demand for agrotech will grow at a fast rate in the future. The combination of these factors should help to expand the entire market,” says an FMI analyst.
Competitive Landscape
Expanding and penetrating new markets is both organic and inorganic for technical textile companies. New product launches, mergers, and partnerships are a few of these strategies. The key industry players are:
- Asahi Kasei
- Kimberly Clarke
- Berry Global Group
- DuPont
- Mitsui Chemicals
- Freudenberg & Co
- Low & Bonar
- Huntsman
- Toyobo Co
- Milliken & Company
- SRF Limited
Market Developments Include:
- In June 2023, Gaurs’ principals will present sustainable dyeing & processing technologies. To provide Indian customers with sustainable machines and solutions that use fewer utilities and are eco-friendly, strategic alliances with these next-generation machine manufacturers have been formed. Compared to traditional dyeing, processing, and finishing machines, these machines give customers a faster return on investment (ROI).
- In June 2023, Beaulieu Technical Textiles will launch RECOVER, a long-lasting, strong, and sustainable weed control solution for indoor and outdoor nurseries that will set a new standard in woven horticultural groundcovers. RECOVER’s core competencies are innovation and expertise, and demonstrate how products can be rethought to meet functional needs and promote circularity in markets.
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Technical Textile Market by Category
By Application:
- Agrotech
- Buildtech
- Hometech
- Indutech
- Sportech
- Packtech
- Mobiltech
- Meditech
- Clothtech
- Geotech
- Protech
- Oekotech
By Process:
- Nonwoven
- Composites
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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