TEXTILES.ORG
According to the latest study from BCC Research, “Technical Textiles: Global Markets,” the technical textiles market is expected to grow from $213.8 billion in 2024 to $284 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024–2029.
Technical textiles are engineered to provide characteristics such as high strength, chemical resistance, thermal insulation, and moisture management. Their properties enhance product efficacy, durability, and quality. Made from synthetic polymers, natural fibers, mineral fibers, metal fibers and regenerated fibers, they are used to make products such as aircraft structures, smart fabrics, synthetic turf, seat belts, firefighting gear and airbags.
The report on the global market for technical textiles analyzes materials by form (woven, nonwoven, knitted, etc.), type (synthetic polymers, natural and mineral fibers, metal fibers, etc.) and manufacturing processes (3D weaving, knitting, thermo-forming). Key end-use sectors include mobiltech, indutech, packtech, sportech, hometech, clothtech, buildtech, meditech, protech, agrotech, oekotech and geotech. Regional markets covered are North America, Europe, Asia-Pacific, South America and the Middle East and Africa, with revenue projections in U.S. dollars based on manufacturers’ total revenues.
The factors driving the market include:
Innovation and technological advances: Continuous R&D in technical textiles has led to innovations such as smart textiles and nanotechnology, enhancing fabric strength, durability, and functionality.
Rising demand for technical textiles in medical technology: The medical sector’s growing use of technical textiles for items like surgical gowns and personal protective equipment (PPE), which came to the forefront during the COVID-19 pandemic, drives market growth.
Partnerships and collaborations: Companies are forming partnerships to share technology and improve supply chains, ensuring a steady supply of raw materials and better distribution networks to meet demand.
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