Welcome!

News Feed Item

Technical Textiles – Market Drivers and Forecasts from Technavio

Technavio analysts forecast the global technical textiles market to grow at a CAGR of more than 4% during the forecast period, according to their latest report.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161130005084/en/

Technavio publishes a new market research report on the global technical textiles market from 2016-2 ...

Technavio publishes a new market research report on the global technical textiles market from 2016-2020. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of the global technical textiles market for 2016-2020. The report provides the revenue figures for the categories of technical textiles and provides the consumption volume in APAC, the Americas, and EMEA during 2016-2020.

The technical textile industry is foreseen to account for over 45% of the total textiles produced in certain industrialized countries. Textile manufacturers in industrialized countries are manufacturing technical textiles due to growing rivalry and decreasing profit margins. These textiles offer higher profit margins as their use is directed by need.

The use of technical textiles in the healthcare industry as biophysical monitoring systems, patient tracking devices, and medical supplies is expected to foster the demand for these textiles. Europe is the largest consumer of technical textiles, followed by North America.

Request a sample report: http://www.technavio.com/request-a-sample?report=54635

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio chemicals and materials analysts highlight the following four factors that are contributing to the growth of the global technical textiles market:

  • Growing demand for geotextiles
  • Technical textiles in electronics
  • Increase in demand for nonwoven technical textiles
  • Government initiatives

Growing demand for geotextiles

Ajay Adikhari, a lead textiles, fiber, and composites analyst at Technavio, says, “The global geotextile market is expected to reach around USD 8.7 billion in 2020, growing at a CAGR of almost 11% during 2016-2020. Geotextiles are robust technical textiles characterized by puncture resistance, larger elongation before breaking, filter characteristics during strains, and high ultraviolet protection. Geotextiles possess a wide range of mechanical and physical properties, and their properties can be altered by using different polymers.”

Technical textiles in electronics

Electronic textiles are fabrics embedded with digital components. These textiles offer physical elasticity and characteristic size that cannot be achieved with other prevailing electronic manufacturing techniques. Microelectronic components can also be incorporated into the fabric; they are less visible and vulnerable to tangling from adjacent objects.

“The novel materials are opening potential applications in commercial products, especially communication, healthcare, protection, and wearable technology applications. These textiles are used for performance purposes, which include the monitoring of vital signs, sports training data acquisition, insulation against extreme radiations, communication, and regaining lost sensory perception,” adds Ajay.

Increase in demand for nonwoven technical textiles

Nonwoven technical textiles are used for manufacturing hygiene products such as diapers, sanitary napkins, bandages, and wipes. These technical textiles are replacing woven technical textiles in many applications, including geotextile, medical, filter, and packaging applications. Some of the noteworthy factors that have been increasing the demand for nonwoven technical textiles are:

  • Alterations in consumer demand and changing lifestyle products
  • Growth of organized retail market
  • Huge raw material base

Government initiatives

The governments of various countries have set up agencies and research centers for the development of technical textiles. In addition to providing financial support, favorable policies also assure incentives to vendors in the market. For example, the governments of India and China have concentrated the customs duty on polyester chips, polyester staple fiber, tow, and polyester filament yarns from 10% to 5%.

In India, there is a strong focus on the further development of the technical textiles industry as the government making is significant efforts to support small- and medium- sized enterprises and encourage exports. Furthermore, in the EU, the European Economic and Social Committee (EESC) has identified technical textiles as a promising and steady growth field for textile vendors and are focusing on the enhancement of skills and the training of the workforce.

Top vendors:

  • Ahlstrom
  • Berry Plastics
  • DuPont
  • Kimberly-Clark
  • TWE

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...