Technical Textiles Market Share – Industry Analysis, Key Players and Trends to 2028

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Technical Textiles Market to at over 4.8 CAGR
from 2022 to 2028 Global Market Insights, Inc.
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Overview of Technical Textiles Market

• Textiles are a ubiquitous part of modern society,
  used as clothing for protection and fashion, as
  furnishing in homes, offices, and other
  commercial establishments, as interior components
  in transportation systems like automobiles, and
  as structural elements like tents, to name a few.
• Technical textiles, especially are gaining steady
  traction over the years, owing to their multitude
  of favorable attributes, including durability,
  cost-effectiveness, functional requirements,
  versatility, and more. Unlike regular fabrics,
  which are generally used for clothing and
  furnishing purposes, technical fabrics are used
  more for industrial applications given their
  functional and physical advantages.
• While the concept of industrial fabrics, i.e.,
  the use of yarns, fibers, and fabrics for
  industrial applications, is not new, the
  strategic and economic potential of these fabrics
  in the textile manufacturing and processing
  industry is now gradually gaining recognition.

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• The technical textile market is considered a
  traditional sector however, over the years it
  has become a viable test-bed for new business
  strategies. The need for innovation in products,
  investments in production equipment and
  processes, and expanding market reach to a
  diverse customer population are among the main
  reasons technical textile producers are
  undertaking strategic and collaborative
  initiatives.
• With sustainability concerns rising, many
  governments across the globe are focusing on
  curbing the use of disposable plastic products.
  Europe, in particular, is making considerable
  progress in this regard, having implemented a ban
  in July 2021 restricting the use of single-use
  items like plastic-based bottles, straws, and
  containers among others.
• Initiatives like these are propelling growth in
  the Europe technical textiles industry as well,
  which is set to register a CAGR of nearly 4
  through 2028, according to projections from
  Global Market Insights Inc. Manufacturers in the
  region are focused on developing sustainable and
  biodegradable alternatives to regular
  plastic-based products, mainly through
  collaborations with other prominent entities.

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• For instance, in April 2022, Germany-based
  Saertex announced a collaboration with Terre de
  Lin to develop non-crimp fabrics made from
  sustainable flax fibers, designed for the sports,
  marine, and leisure segments. Through the
  collaboration, the companies sought to bring
  together the expertise of Saertex in
  reinforcement material with one of the leading
  suppliers of flax fibers.
• By using flax fibers, which have gradually become
  the second bio-based fiber to expand the
  application range of technical textiles after
  basalt, companies like Saertex are working to
  minimize their carbon footprint and in turn
  create a more sustainable outlook for the
  technical textile industry.
• Industrial textiles are used extensively for the
  production of medical equipment like protective
  clothing, face masks, and water filters. In the
  wake of the COVID-19 pandemic, especially, with
  the threat of viral transmission, pathogens, and
  pollution growing significantly, the need for
  innovative antimicrobial solutions has become a
  key area of focus for contenders in the technical
  textiles industry.

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• In February 2022, Livinguard AG, the worlds
  first firm to develop self-disinfecting fabrics,
  announced a partnership with TEXTILCOLOR AG to
  jointly bring antiviral and antibacterial medical
  fabrics to more consumers.
• The main objective of the alliance was to expand
  Livinguards solutions to over 50 nations and
  create a new industry standard for technical
  textiles through the combination of TEXTILCOLORs
  worldwide textile expertise with Livinguards
  innovative odor-control antimicrobial medical
  textiles.
• Over the years, the textile industry in nations
  like India is becoming increasingly ecologically
  sensitive, with manufacturers making conscious
  efforts to develop a more sustainable approach to
  the production of technical fabrics. These
  efforts are further bolstered by government
  initiatives in the region, such as the approval
  of a PLI (production-linked incentive) for the
  textile industry aimed at boosting the
  manufacture of man-made and technical textiles.

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