20 September 2022
Douglas Insights has analysed various aspects of the Technical Textiles Market and revealed the changes in market trends due to increased awareness of technical textiles and subsequent increase in demand for the product. Its comparison engine has generated many research articles and reports, making it possible for several experts, analysts, and researchers to obtain essential information relating to key growth drivers and market restraints to make predictions and provide reports offering many insights into the global recycling market. The digital tool effectively compares all existing research and Publisher Ratings, Table of Contents, and Publication Dates.
The global market for Technical textiles is expected to grow significantly in the next forecast period. It is estimated to experience a CAGR of 6.2% by the year 2025. Technical textiles are textiles that are manufactured using both synthetic and natural fibres that are processed with specific chemical processes in order to create high-performing textiles that are of greater quality and strength than traditional textiles. These textiles are used mainly for garments and apparel, with an increased appearance in other applications, including medical and automotive.
The Covid-19 pandemic led to a disruption in the chemical industry supply chain. This meant a disruption in the raw materials needed for manufacturing technical textiles. Although this may have led to reduced growth for the market, there was actually sustained growth due to the increased demand for medical garments such as masks and gowns made using technical textiles.
The number one driver for the Technical Textiles Market is the global increase in awareness and demand for technical textiles. As there is an increase in awareness about the quality, functionality, and availability of technical textiles, demand for the product has increased as well. More and more consumers are demanding flexible, durable, high-quality, and high-strength textiles. Whether it is for activewear, undergarments, or medical apparel, technical textiles are superior to traditional textiles.
A major restraint for the Technical Textiles Market is the high manufacturing and production costs of the textiles. Because of the advanced infrastructure and expensive raw materials needed to make technical textiles, the finished products produced are also very expensive. The pricing structures for the finished products do not always reflect the high production costs, leaving the producers with very low to zero profit margins. This is a factor that discourages the production of technical textiles.
However, given the rise of new technologies every day, there are hopes that the production costs of technical textiles will be brought down in the near future. This will hopefully make commercial use of technical textiles feasible and affordable. Despite rising demand and newer technologies, there are still environmental mandates to deal with. Many countries have mandates that restrict or highly regulate the technical textile manufacturing materials. This can be seen as a significant challenge, especially when it comes to adjusting the manufacturing materials used for technical textiles in different regions.
The Asia-Pacific region has the largest market share for the production of technical textiles in 2019 as a result of an improving economy, higher working populations, and rising demand for hygiene products. This trend is expected to continue during the forecast period until 2025. As for key market players, some of the players to watch out for include Asahi Kasei (Japan), DuPont (US), Mitsui Chemicals (Japan), Berry Global Group (US), and Freudenberg & Co. (Germany). Players such as Low & Bonar (UK), SRF Limited (India), Toyobo Co. (Japan), Milliken & Company (US), and Koninklijke Ten Cate (Netherlands) are also making strides in the market.
The value proposition canvas takes into account consumer gains and pains and develops solutions that the target audience would want to buy.
Drake wore a customized t-shirt to his concert with the late Sidhu Moosewala’s face on it. Read on as we tell you more.
Douglas Insights has one of the most extensive databases for market reports. In the report on the globally foldable smartphones market, the segments that stand out are display panel type, sales channel, geography, operating system, and geography. The Douglas Insights reports contain data from 2021 and 2022 up until 2027.
The market will develop as a result of the growing significance of contract research organization services. Services provided by contract research organizations have proliferated in the healthcare sector in recent years.
Douglas Insights has included Optical Wireless Communication Market in its comparison engine to enable industry experts and businesses to analyze past and cu...
Douglas Insights, one of the earliest comparison engines around the world, has expanded and upgraded to include market opportunities, trends, driving forces,...
Douglas Insights is the world's first comparison engine for market research reports. It gives clients access to graded and informative market research report...
Douglas Insights has further expanded its comparison engine with Hereditary Testing Market research reports, allowing market researchers, analysts, industry ...