Technical Textiles, High Technology Sunrise Sector Which is Steadily Gaining Ground
Technical textiles are specially developed technical yarns used to support and strengthen the properties of the textile. The engineered products with certain functionalities, are manufactured using a combination of natural and man-made fibres. Technical textiles are a fast-growing, high value sub-segment that finds its usage in an array of sectors. The end use application of technical textiles is widespread and seen in non-conventional textile industries such as defense, agriculture, healthcare, automotive, aerospace, construction, and sports - to meet the stringent high-performance requirements specific to a particular use. They are also incorporated into industrial products such as abrasive substrates, conveyor belts, electrical components and cables, filters, flexible seals and diaphragms, machine clothing, acoustic and thermal insulation of domestic appliances.
The invention of specialty fibers, and their incorporation in almost all areas suggest the importance of technical textiles is only going to increase in the future. The growth in a number of preferred materials and innovation in abundance technical textile are on an upper trajectory.
Factors behind the growth -
Technical Textiles: The Future of Textiles
Many countries are positioning their industries to accommodate technical textiles in their product offerings. The cost of production, availability of raw materials and manpower etc. make them ideal location for its promotion/ growth.
For instance, India has New Textile Policy - 2020, for overall development of the sector.
Indutech, Mobiltech, Packtech, Buildtech and Hometech together account for 40% of the global market value.
Transforming Covid-19 Crisis to an Opportunity
With the Covid-19 pandemic, the increasing demand for protective technical textiles raised the growth expectations even higher. As the global manufacturing has come to a grinding halt and with the ban on export of critical medical equipment including N95 face masks and protective gears, technical textiles have become even more relevant across the globe. While countries are slowly taking cautious steps towards the “New Normal”, the surge in technical textiles demand and the requirement is not going to come down any time soon.
India, being the second largest exporter of technical textile products to the world, technical textiles have emerged as the heroes that boosted Indian economy. To meet the demand of the domestic market itself was a herculean task. India was entirely import-dependent for PPE kits. From manufacturing insignificant PPE kits in March 2020, it soon rose to manufacturing 0.25 Mn a day by May 2020. Thus, in the process becoming the second largest manufacturer after China. Today, India stands to produce around 0.45 Mn PPE kits and more than 15 Mn masks a day.
Growing Significance of Technical Textiles in Novel Applications
The hometech textiles segment accounted for the highest market share and is projected to witness significant growth during forecast period. The medtech textiles application is projected to witness fastest growth rate owing to its extensive usage in hygiene, personal care, surgical, and healthcare applications including baby diapers, sanitary napkins, and adult incontinence products. Rising birth rate, growing aging population, and rising awareness regarding menstrual hygiene in the developing economies is expected to drive the product demand for hygiene applications over the forecast period. Buildtech textiles, used in residential, commercial, and infrastructure construction projects too are foreseen to hold decent market growth.
Fashion, Industrial Growth, Infrastructure Investment Push Technical Textiles Requirement Upside
A report - Textiles 2025 - from ‘The Fiber Year GmbH’, the demand projection for 2025 at global stage accounts for 120.5 million tons. According to EDANA, nonwovens will expand at an annual average rate of 4.8%, reaching a volume of at least 18.7 million tons by 2023.
Currently, the U.S. and EU enjoy a huge consumption base, but by 2030 situation would be different. The combined size of apparel market in China and India will become far bigger. In India, textile industry accounts for more than 20% of industrial production. The shift from becoming world's largest textile manufacturer and supplier to becoming world's biggest consumer of textile has just started in Asia. The luxury brands have already started tapping into the Asian market, as domestic demand in the Asian sub-continent has been escalating gradually. This is likely to boost investments into textile sector and thus, benefit the overall demand for technical textiles in the region.
India to capitalize the $1.4 Trn Infrastructure Fund: The projects include energy, road, railway, urban development, irrigation and health sectors, where technical textiles (such as high-performance fibers, nylon 68 fibers, glass & carbon fibers, glass geo grids, high module polypropylene, polyethylene) can be used extensively.
Competitive Landscape
Asahi Kasei Corp., Berry Global Group Inc., DuPont, Elevate Textiles Inc., Freudenberg Group, Huntsman International LLC, Kimberly-Clark Koninklijke Ten Cate B.V., Low & Bonar, Milliken & Co., Mitsui Chemicals Inc., and Toyobo Co. Ltd.
Market players adopt organic and inorganic methods for entering into new markets, and for a dominant market share. Freudenberg & Co. KG acquired 100% shares of Filc, which develops laminated materials and needle punch nonwoven textiles with a focus on construction and automotive industries. The company also took over 100% shares of Low & Bonar PLC.
Key Elements Included In The Study: Global Technical Textiles Market
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