Technical Textiles Market 2022 Regional Trend | Growth Projections to 2028

1. Technical Textiles Market to at over 4.8% CAGR from 2022 to 2028: Global Market Insights, Inc. Global Market Insights Inc.

2. Overview of Technical Textiles Market • Textiles are a ubiquitous part of modern society, used as clothing for protection and fashion, as furnishing in homes, offices, and other commercial establishments, as interior components in transportation systems like automobiles, and as structural elements like tents, to name a few. • Technical textiles, especially are gaining steady traction over the years, owing to their multitude of favorable attributes, including durability, cost-effectiveness, functional requirements, versatility, and more. Unlike regular fabrics, which are generally used for clothing and furnishing purposes, technical fabrics are used more for industrial applications given their functional and physical advantages. • While the concept of industrial fabrics, i.e., the use of yarns, fibers, and fabrics for industrial applications, is not new, the strategic and economic potential of these fabrics in the textile manufacturing and processing industry is now gradually gaining recognition. Global Market Insights Inc.

3. Continue… • The technical textile market is considered a traditional sector; however, over the years it has become a viable test-bed for new business strategies. The need for innovation in products, investments in production equipment and processes, and expanding market reach to a diverse customer population are among the main reasons technical textile producers are undertaking strategic and collaborative initiatives. • With sustainability concerns rising, many governments across the globe are focusing on curbing the use of disposable plastic products. Europe, in particular, is making considerable progress in this regard, having implemented a ban in July 2021 restricting the use of single-use items like plastic-based bottles, straws, and containers among others. • Initiatives like these are propelling growth in the Europe technical textiles industry as well, which is set to register a CAGR of nearly 4% through 2028, according to projections from Global Market Insights Inc. Manufacturers in the region are focused on developing sustainable and biodegradable alternatives to regular plastic-based products, mainly through collaborations with other prominent entities. Global Market Insights Inc.

4. Continue… • For instance, in April 2022, Germany-based Saertex announced a collaboration with Terre de Lin to develop non-crimp fabrics made from sustainable flax fibers, designed for the sports, marine, and leisure segments. Through the collaboration, the companies sought to bring together the expertise of Saertex in reinforcement material with one of the leading suppliers of flax fibers. • By using flax fibers, which have gradually become the second bio-based fiber to expand the application range of technical textiles after basalt, companies like Saertex are working to minimize their carbon footprint and in turn create a more sustainable outlook for the technical textile industry. • Industrial textiles are used extensively for the production of medical equipment like protective clothing, face masks, and water filters. In the wake of the COVID-19 pandemic, especially, with the threat of viral transmission, pathogens, and pollution growing significantly, the need for innovative antimicrobial solutions has become a key area of focus for contenders in the technical textiles industry. Global Market Insights Inc.

5. Continue… • In February 2022, Livinguard AG, the world’s first firm to develop self-disinfecting fabrics, announced a partnership with TEXTILCOLOR AG to jointly bring antiviral and antibacterial medical fabrics to more consumers. • The main objective of the alliance was to expand Livinguard’s solutions to over 50 nations and create a new industry standard for technical textiles through the combination of TEXTILCOLOR’s worldwide textile expertise with Livinguard’s innovative odor-control antimicrobial medical textiles. • Over the years, the textile industry in nations like India is becoming increasingly ecologically sensitive, with manufacturers making conscious efforts to develop a more sustainable approach to the production of technical fabrics. These efforts are further bolstered by government initiatives in the region, such as the approval of a PLI (production-linked incentive) for the textile industry aimed at boosting the manufacture of man-made and technical textiles. Global Market Insights Inc.

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