How To Classify The Global Technical Textiles Market
The global technical textiles market is classified based on material, process, technology, end-use, and geography. The material segment is bifurcated into the synthetic polymer, natural fiber, regenerated fiber, mineral, metal, and specialty fiber. Among which, the synthetic polymer segment led the global market with major share owing to factors such as low cost, high strength, and high quality. Further, synthetic fibers are used in advanced applications such as bulletproof body armor; geotextile spun bounds and surgical application products.
By process segment, the segmentation is given as woven, knitted, non-woven, and others (knotted and braided). Among which, the woven segment is expected to lead the market with the highest shares and is likely to continue its trend over the forecast period. The high growth in the segment is attributed to the widespread applications of woven process in the automobile, construction, clothing, and other industries. Based on the technology segment, the market is categorized into thermo-forming, 3d knitting, 3d weaving, heat-set synthetics, nanofibers, hand-made elements, finishing treatments, and other technologies.
The end-use segment is further classified on the basis of mobiltech, meditech, indutech, buildtech, hometech, protech, agrotech, geotech, clothtech, packtech, and oekotech. On the basis of end-use segment, the mobiltech sub-segment dominated the market with the majority of the share owing to the growing demand for high-performance materials from the automotive industry. However, Meditech is anticipated to attain the fastest CAGR during the forecast period. The market for Meditech is growing due to improving healthcare expenditure in India and China along with the presence of advanced healthcare infrastructure in most parts of North America and Europe.
Furthermore, geographical coverage has been offered for each of the major regions including North America, Europe, Asia-Pacific, and Rest of the World. Among all the regions, Asia-Pacific generated the highest revenue in the technical textile industry due to the diverse uses of technical textiles in various industries. Furthermore, growing industrialization, growing access to medical care and massive infrastructure spending particularly in India, China, Indonesia, and Thailand is expected to drive the APAC technical textile market.
2019-08-08 11:02