Technical Textile Market Worth “$222.4 Billion By 2025″ - (At a CAGR of 6.2%) MarketsandMarkets

The report "Technical Textile Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), by Process (Woven, Knitted, Non-woven), by Application (Mobiltech, Indutech, Protech, Buildtech, Packtech), and Region - Global Forecast to 2025" The global technical textile market size is projected to grow from USD 164.6 billion in 2020 to USD 222.4 billion by 2025, at a CAGR of 6.2% from 2020 to 2025.

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Recent Developments

• In September 2017, Asahi Kasei Fibers & Textiles expanded its capacity to produce Lamous, a high-quality microfiber suede. It is used in a wide variety of applications such as furniture upholstery, automotive interiors, IT accessories, apparel, and industrial materials.
• In May 2017, Kimberly-Clark introduced two new products under Kleenex brand for modern day life.  Kleenex Ultra Soft Go-Anywhere tissue and Kleenex Multicare tissue are larger and stronger tissue under the facial tissue category.
• In June 2017, Freudenberg & Co. Kg launched Evolon® New Generation which is made up of microfilaments that improves the product’s resistance to mechanical stress, abrasion and repeated washing. This has helped the company to improve its product offerings in the textile industry.

Significant increase in the hygiene products during COVID-19 pandemic

By application, the hygiene segment is projected to be the largest segment in the technical textile market. Nonwovens process are used as an alternative to traditional textiles in hygiene products due to their excellent absorption properties, softness, smoothness, strength, comfort & fit, stretchability, and cost-effectiveness. Owing to the spread of the COVID-19 pandemic, the demand for technical textile for hygiene applications is also accelerating, bringing more opportunities for the manufacturers operating in the nonwoven hygiene products.

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COVID-19 impact on global technical textile market

The outbreak of COVID-19 has affected the demand as well as the manufacturing in supply regions. The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.The above factors have impacted the growth of the technical textile market. However, this pandemic resulted in a sudden increase in demand for medical apparels such as gown, mask, and others, which positively affected the demand for technical textiles.

Thus, the technical textile market is expected to witness significant growth during to the COVID-19. The technical textile manufacturers around the globe are expanding their production capacity and investing in machinery to manufacture healthcare essentials) in response to the COVID-19 pandemic.

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