Technical Textile Market To Reach USD 249.95 Billion By 2026
Market Summary The increasing demand for construction industries owing to the rise in demand for consumers and growth in population is propelling the market growth. Market Size – USD 175.97 Billion in 2018, Market Growth - CAGR of 4.4%, Market Trends – The advent of recyclable technical textiles. The global technical textile market is forecast to reach USD 249.95 Billion by 2026, according to a new report by Reports and Data. Technical Textiles are functional fabrics which are used in various industries such as construction, home textile, automobiles, medical, and many others. These textiles have enhanced properties compared to conventional textiles. The market for technical textile is influenced by the rising demand from construction and automotive for insulating products, rubber, floor covering, protective gears, and many others. Further key findings from the report suggest : • Asia Pacific is forecasted to grow with the highest CAGR of 5.9% during the forecast period. • Mobiltech is forecasted to grow with the highest CAGR of 8.9% because of the high demand for cars due to rising urbanization. This is used to manufacture seats, door paneling, carpets and ceilings of cars. • Natural Fiber held a market share of 26.2% in the year 2018. Natural fibers are essential raw materials for technical industry. www.reportsanddata.com
Key Players: Asahi Kasei, Berry Global Group, Mitsui Chemicals, Kimberly Clarke, Koninklijke Ten Cate, International Textile Group, Toyobo Co., SRF Limited, Lanxess, and DuPont among others. Segmentation: •
Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026), Natural Fiber, Synthetic Polymer, Regenerated fiber, Mineral, Metal, Specialty fiber
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Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026), Woven, NonWoven, Knitted, Others
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Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026), Mobitech, Indutech, Sporttech, Buildtech, Hometech, Geotech, Clothtech, Others
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Regional Technical Textile Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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