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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Technical Textile Market to reach USD 266.3 Billion by 2028.

Global Technical Textile Market Size study, By Material (Natural Fiber, Synthetic Polymer, Mineral, Others), By Technology (Woven, Knitted, Non-woven, Others), By Application (Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, Protech, Packtech, Oekotech, Geotech) and Regional Forecasts 2022-2028

Product Code: CMTF-10865764
Publish Date: 22-04-2022
Page: 200

Global Technical Textile Market is valued at approximately USD 174.8 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2022-2028. Technical textiles are a variety of semi-finished or finished textiles or fabric that is specially designed for non-decorative purposes. These textiles are made up of non-woven or woven natural/synthetic fibers that offer superior technical and functional properties in comparison to traditional textiles. The increasing responsiveness for the product availability, growing demand for technical textiles across the healthcare segment tied with the rising awareness for eco-friendly fabrics, and restructuring of the regulatory framework for encouraging the adoption of technical textiles are stimulating the market demand across the globe. For instance, according to the IBEF, in 2020, the healthcare industry is accounted for USD 193.83 billion and is projected to reach 372 billion by the end of 2022. Thereby, the growth of the medical sector is propelling the need for the technical textile, which, in turn, surges the market demand in the near future. However, volatility in the prices of raw materials impedes the growth of the market over the forecast period of 2022-2028. Also, the emergence of novel technologies is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the Global Technical Textile Market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the escalating working population, growing need for hygiene products, growth of the agriculture, automobile, healthcare, construction, geotextiles, and industrial sector. Whereas, Europe is also anticipated to exhibit a considerable growth rate over the forecast period 2022-2028. Factors such as the growing healthcare activities, medical tourism, along increasing product demand across the household and fashion & clothing applications would create lucrative growth prospects for the Technical Textile Market across the Asia-Pacific region.

Major market players included in this report are:
SRF Limited
Milliken & Company
Kimberly Clarke
International Textile Group
Berry Global Group
Mitsui Chemicals
Asahi Kasei
Toyobo Co.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material
Natural Fiber
Synthetic Polymer
By Technology
By Application
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Technical Textile Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Technical Textile Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Technical Textile Market, by Material, 2020-2028 (USD Billion)
1.2.3. Global Technical Textile Market, by Type, 2020-2028 (USD Billion)
1.2.4. Global Technical Textile Market, by Technology, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Technical Textile Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Technical Textile Market Dynamics
3.1. Technical Textile Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing awareness regarding the availability of the technical textile Increasing demand for fuel-efficient & lightweight transportation vehicles
3.1.2. Market Challenges Volatility in raw materials prices
3.1.3. Market Opportunities Emergence of the novel technologies
Chapter 4. Global Technical Textile Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Technical Textile Market, by Material
6.1. Market Snapshot
6.2. Global Technical Textile Market by Material, Performance – Potential Analysis
6.3. Global Technical Textile Market Estimates & Forecasts by Material, 2019-2028 (USD Billion)
6.4. Technical Textile Market, Sub Segment Analysis
6.4.1. Natural Fiber
6.4.2. Synthetic Polymer
6.4.3. Mineral
6.4.4. Others
Chapter 7. Global Technical Textile Market, by Technology
7.1. Market Snapshot
7.2. Global Technical Textile Market by Technology, Performance – Potential Analysis
7.3. Global Technical Textile Market Estimates & Forecasts by Technology, 2019-2028 (USD Billion)
7.4. Technical Textile Market, Sub Segment Analysis
7.4.1. Woven
7.4.2. Knitted
7.4.3. Non-woven
7.4.4. Others
Chapter 8. Global Technical Textile Market, by Application
8.1. Market Snapshot
8.2. Global Technical Textile Market by Application, Performance – Potential Analysis
8.3. Global Technical Textile Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
8.4. Technical Textile Market, Sub Segment Analysis
8.4.1. Mobiltech
8.4.2. Sportech
8.4.3. Buildtech
8.4.4. Hometech
8.4.5. Clothtech
8.4.6. Meditech
8.4.7. Agrotech
8.4.8. Protech
8.4.9. Packtech
8.4.10. Oekotech
8.4.11. Geotech
Chapter 9. Global Technical Textile Market, Regional Analysis
9.1. Technical Textile Market, Regional Market Snapshot
9.2. North America Technical Textile Market
9.2.1. U.S. Technical Textile Market Material estimates & forecasts, 2019-2028 Technology estimates & forecasts, 2019-2028 Application estimates & forecasts, 2019-2028
9.2.2. Canada Technical Textile Market
9.3. Europe Technical Textile Market Snapshot
9.3.1. U.K. Technical Textile Market
9.3.2. Germany Technical Textile Market
9.3.3. France Technical Textile Market
9.3.4. Spain Technical Textile Market
9.3.5. Italy Technical Textile Market
9.3.6. Rest of Europe Technical Textile Market
9.4. Asia-Pacific Technical Textile Market Snapshot
9.4.1. China Technical Textile Market
9.4.2. India Technical Textile Market
9.4.3. Japan Technical Textile Market
9.4.4. Australia Technical Textile Market
9.4.5. South Korea Technical Textile Market
9.4.6. Rest of Asia Pacific Technical Textile Market
9.5. Latin America Technical Textile Market Snapshot
9.5.1. Brazil Technical Textile Market
9.5.2. Mexico Technical Textile Market
9.6. Rest of The World Technical Textile Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. SRF Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Milliken & Company
10.2.3. Kimberly Clarke
10.2.4. International Textile Group
10.2.5. Berry Global Group
10.2.6. Mitsui Chemicals
10.2.7. Asahi Kasei
10.2.8. Toyobo Co.
10.2.9. DuPont
10.2.10. Huntsman
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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