31st
December 2020 – 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. 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 and 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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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 is 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. he 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.
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.
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.
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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