The global technical textile market has been swelling with its widening scope of applications. The upcoming research report by Fairfield Market Research states that the global market stands to gain from the growing investments in healthcare, military, and agriculture. Technical textiles are used in a wide range of industries such as construction, aerospace, automotive, healthcare, and defence. Mostly required in high-performance areas, their demand is poised to grow as geopolitical tensions lead to increased investments in better protective gear for the defence personnel. Additionally, the outbreak of COVID-19 is expected to create long-term demand for sophisticated PPE kits.
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Use of Technical Textiles in Agro-based Operations to Generate Higher Revenue
The use of agrotech or agro textiles, which constitute nonwovens, wovens, and knitted fabrics, is expected to give this market a shot in the arm. The uptake of agro textiles will be higher in agrarian economies such as India and China. These materials are specifically used for resistance to solar and ultraviolet radiation, high potential to retain water, protection to crops, and windshields to say the list. The modern era of agriculture is expected to result in higher sales of these textiles in the coming years as countries make an effort towards battling the food crisis amidst rising demand.
Increasing Sports Participation to Open Doors for Technical Textiles Market
Sport is an important segment of the global technical textiles market. Increasing participation in sporting activities across the globe has created a plethora of opportunities for the market. Technical textiles allowed users to develop state-of-art sportswear to understand posture, balance, and stance of a player better. With sensors such as plastic optical fiber (POF) functional fabrics can track real-time physiological information of the wearer. The demand for technical textiles in sportswear will also be driven by its super water-resistant qualities and lightweight structure. As a result, growing interest in hiking, mountaineering, cycling, skiing, cricket, and tennis amongst others is expected to bode well for the market.
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Asia Pacific Shows Keen Interest in Technical Textiles as Industrial Growth Remains High
Fairfield Market Research states that Asia Pacific technical textiles market is likely to leap forward as the region is witnessing industrial growth across all sectors. From agriculture to manufacturing, the fast-emerging economies of India, China, and Japan are expected to make significant contributions to the technical textiles market. The surging demand for functional clothing as sectors such as sports and medicine evolve is expected to lead to higher uptake of technical textiles. The increasing defence expenditure on sophisticated ballistic vests and protective clothing has been driving the demand for technical textiles. The use of agro-tech textiles to improve yield and geotech textiles are also poised to make a worthwhile contribution to the region’s technical textile market.
Some of the key players operating in the global technical textiles market are Asahi Kasei Corp., DuPont, Berry Global Group Inc., Freudenberg Group, Elevate Textiles Inc., Kimberly-Clark Koninklijke Ten Cate B.V., Huntsman International LLC, Low & Bonar, Milliken & Co., Toyobo Co. Ltd., and Mitsui Chemicals Inc. Players are expected to focus on mergers and acquisitions to widen their market share.
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