Industry Insights
The technical textiles industry was valued around USD 143.75
billion in 2014, owing to increasing diverse end use applications. Technical
textile is mainly developed to fulfill non-aesthetic functions such as safety
and comfort. Molded with advanced technology to perform the specific function
such as a shield for humans in extreme weather conditions, these types of
textiles are named in various ways such as technical textile, industrial
textile, and functional textile.
Major factors that are expected to influence the industry
include the technological breakthrough in medical textiles to amplify
opportunities for surgical and diagnostic tools. Also, growing demand for
geotextiles in anticipated to be yet another driver for the market.
Developing markets of the Asia Pacific, Middle East, and Latin
American region are expected to drive product demand, especially in the
automotive industry in the regions. Technical textiles are used for the
construction of transportation system accessories such as airbags, air balloons
and seat covers.
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Specific characteristics of the product such as high durability,
adaptability, and superior performance make this technology attracted by
various textile manufacturers. These textiles owing to their superior
properties over traditional textiles are being used to provide special
functions.
Increasing R&D investments by the industrial participant in
the past few years have been the main factor in the development of various
novel products. As product demand have been seen increasing significantly in
the past few years the industry players have been seen taking serious steps to
develop novel applications in accordance with demand from the consumers. These
trends are anticipated to drive the market over the forecast period.
The versatility of technical textiles has made them applicable
to various fields in the textile industry. High raw material cost including
both natural or manmade is anticipated to be a major challenge for industry
participants. The absence of sufficient skilled workforce globally for
manufacturing of these products is expected to be yet another factor to
restraint the industry growth over the forecast period. The reinforcement of
embankments is presumed to offer sufficient opportunities for the industry
participants over the forecast period owing to the fact that it is global
accepted. Emerging need of quality products and services in Latin America and
Asia Pacific is anticipated to witness fast acceptance of these products across
various industries.
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Technology Insights
Apart from natural fibers such as cotton and jute artificially
developed fibers, filaments and yarns are some prominent raw material used in
the manufacturing of technical textiles. Technologies such as 3D knitting,
thermoforming, 3D weaving, heat-set methods, finishing treatments,
nanotechnology, hand-made methods, and others are the leading manufacturing
technologies in the present scenario. Thermoforming, 3D knitting, and 3D
weaving are the mainly used methods towing to better quality in the end product.
Nanotechnology being the new process in developing technical textiles are
expected to witness higher acceptability over the forecast period.
Textiles thermoforming is a heat treatment process that is used
to mold composites that contain fabric layers. Indutech, Mobiltech, Hometech
and Packtech, segments majorly use this technology. Products such as conveyor
belts, spacer fabrics, surgical implants geotextiles, and webbings are
manufactured using 3D weaving process.
The heat-set process is a thermal process which is carried out
either in moist or dry heat atmosphere. Three-dimensional knitting technology
can give an accurate measurement. It results with minimum requirements for
cutting the final product and is used to manufacture complete garments. The innovation
of this technology led to the minimization of post labor work, with more
efficiency regarding time and productivity.
End-Use Insights
The global technical textile industry has been divided into
various segments that include indutech(Industrial Textile),
mobiltech(automobile), sportech(Sports Textile), hometech(Domestic Textile),
buildtech(Construction textiles), clothtech(Clothing textile), agrotech(agro
textile), packtech(ackaging Textile), meditech(Health Care Textile),
protech(Protecting Textile), and others.
Owing to the rapid and constant advancement in automobile
technology, mobiltech has the largest share in the overall market in the recent
past which was followed by the Indutech technology.
Regional Insights
Asia Pacific industry dominated the industry in 2014. It is
expected to account for around 43% of the overall demand by 2022. North
American market is expected to decline moderately in the next few years owing
to moderate growth of the end-use industries. Various countries in the Asia
Pacific region such as India and China are expected to be some of the leading
markets in the region.
Increasing infrastructure development in Asia Pacific and
Central & South American regions owing to various initiatives taken the
respective governments and the developing healthcare industry in these region
is expected to augment demand for these products in the next few years.
Competitive Insights
The market is fragmented with numerous multinationals such as
Strata Geosystems Ind. Pvt. Ltd., DuPoint, Johnson & Johnson, Ibena
Textilewerke GmbH, SRF, and Ahlstrom. These industry participants are involving
in various acquisitions with various other multinational or local manufactures
and even distributors with the aim of increasing their annual production and
also enhance product range.
Industry players such as Avintiv have recently increased its
product prices and have also taken over Duonor S.A.S as a strategic move in
order to meet regional demand and acquire substantial market share with the
integration of novel technologies.
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