Global Technical Textile Market Expected to Reach $334,938 Million by 2025 with Analysis and In-depth study on market Size According to a new report published by Allied Market Research, titled,"Technical Textile Market, by Type, Material Type, and End-use Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025",the global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. The composite segment accounted for a major share of the global technical textile market in 2017, in terms of revenue. Technical textiles are the materials, which are used for non-aesthetic purposes such as industrial protection, construction, and others. They find their application across various end-use industries such as construction, industrial, automotive, and others.
Get sample copy of this report : www.alliedmarketresearch.com/request-sample/1841?utm_sour... The global demand for various technical textile products has increased continuously as a
result of their expanding applications in various end-use industries. Majority of the demand for technical textile comes from end-use industries such as construction, sports, environmental protection, aerospace, automotive, protective clothing, and healthcare. Key Findings of the Technical Textile Market: • The North America technical textile market is projected to grow at a CAGR of nearly 4.7% during the forecast period, in terms of revenue. • The Europe technical textile market is anticipated to dominate the global market, in terms of revenue in the near future. • The global technical textile market for MobilTech dominated the market, with a share of over 22.76% in 2017. • The nonwoven technical textile segment is projected to dominate the global market in the years to come. The growth of the global technical textile market is majorly driven by increase in product demand from automotive, construction, and geological end-use industries. Moreover, increase in awareness of industrial safety, rise in environmental awareness, and advances in medical technology are further expected to fuel the growth of this market. However, high cost of raw materials and increase in toxic waste generation during the product manufacturing restrain the market growth. Conversely, with the use of nonwoven textiles, pollution can be controlled to a great extent. Send Enquiry on this report @ www.alliedmarketresearch.com/purchase-enquiry/1841?utm_so... By material, the market is categorized into uniform material and composite materials. The composite materials segment is predicted to have a dominant share of over 55% in 2025 Depending on end-use application, the market is fragmented into AgroTech, BuildTech, HomeTech, InduTech, SportTech, PackTech, MobilTech, MediTech, ClothTech, GeoTech, ProTech, and OekoTech. MobilTech end-use application segments share is predicted to reach up to 20% by the end of 2025
Top Key Players: • DowDuPont • Ahlstrom Corporation • Johns Manville • GSE Environmental Inc. • Royal Ten Cate • Freudenberg & Co. • Proctor and Gamble • 3M • Huesker Synthetic GmbH • Hindoostan Mills. • Low & Bonar • Lanxess • Berry Global Group. In 2017, Asia-Pacific held the dominant market share in the global technical textile market, in terms of revenue. China is the one of the leading manufacturers for automotive, which further drives the need for technical textiles, thereby supplementing the market growth. In addition, favorable investment policies and government initiatives to promote the use of technical textiles in the developing economies such as India and China are anticipated to fuel the market growth in this region. Additional key factors that fuel the market growth include the development of public infrastructure, growth of the healthcare sector, and rapid urbanization.
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