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.
Passenger information systems essentially act as communication links between passengers and transit agencies. They also provide information such as trip scheduling, real-time status and location, and any other transit announcements to the passengers at all times.
Sol-Gel Technologies is one of the most well-reputable names for developing innovative and safe medications for skin diseases. The dermatology organization specializes in recognizing, creating, and commercialising generic and branded topical drugs and drug products to treat a plethora of skin diseases.
The market for point of care diagnostics has been greatly boosted by the rising frequency of chronic diseases and the rising demand for speedy testing, and this trend is anticipated to continue during the predicted period.
AI and Machine learning are slowly but surely reshaping various industries as we know it, and the potential for the future is immense.
Douglas Insights has added cybersecurity mesh market research reports into its comparison engine to allow businesses, market analysts, economic researchers, ...
Douglas Insights has expanded its comparison engine with Master Data Management Market research reports, allowing market researchers, analysts, industry expe...
Douglas Insights enables effective market research for its clients by including the Silicone Coated Textile Market report in its comparison engine. Industry ...
Douglas Insights, the world's first-ever market research report comparison engine, has now included Hand Sanitiser Market Research Reports in its comparison ...