Global Technical Textile Market To See 5.18% CAGR and Reach $193.91 Billion by 2020
By PRN NewsWire
By PRN NewsWire
PUNE, India, Oct. 14, 2015 /PRNewswire-iReach/ — The technical textiles market has grown exponentially in the last few years and this trend is projected to continue. The market is primarily driven by factors such as improving economic condition of countries, technology advancements, and increasing end-use applications. Technical textiles is a global knowledge-based research-oriented industry. Since the past few years, the sector is gaining slow but steady growth worldwide due to its technical performance and functional properties in the global textiles industry. Technical textile is a special type of material or product designed for specific applications, while offering unique & exclusive characteristics that are different from those of normal fabric. Browse 235 market data tables & 53 figures spread through 245 pages and in-depth TOC on “Technical Textile Market” athttp://www.rnrmarketresearch.com/technical-textile-market-by-product-fabric-unspun-fiber-yarn-type-products-technology-nonwoven-fabric-weaving-knitting-spinning-fiber-synthetic-natural-specialty-application-mobiltech-indutech-sportech-others-colorant-dye-pig-market-report.html.
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The technical textiles market is led by Asia-Pacific followed by North America. The Chinese technical textiles market not only dominates the region but also the global market. The Asia-Pacific region is projected to be the fastest-growing technical textiles market for the period under consideration. The market is projected to grow significantly at a CAGR of 5.63% in terms of value from 2015 to 2020. The U.S. is the major market in North America owing to increasing awareness and increasing expenditure on technical textile products. In this report, the technical textiles market has broadly been segmented on the basis of fiber type, technology, application, and region. The report analyzes various market trends and identifies market dynamics, such as drivers, restraints, opportunities, and challenges. The key players adopted both organic and inorganic growth strategies.
Leading market players of the technical textiles market opted for new product launch, investments, expansions, mergers & acquisitions and agreements in order to gain advantage. Major players such as E.I. du Pont de Nemours and Co (U.S.), Asahi Kasei Corporation (Japan), and Freudenberg & Co. KG. (Germany) opted for new product launch as one of the major key strategies to capture the technical textiles market globally, by adding innovative products to their product portfolio. Other players such as Kimberly Clarke Corporation (U.S.), Mitsui Chemicals, Inc. (Tokyo), and SRF Company (India) adopted expansions & investments as key strategies to expand their business. Priced at $4650 for a single user PDF, a discount on “Technical Textile Market by Product (Fabric, Unspun Fiber, Yarn-type Products), Technology (Nonwoven, Fabric, Weaving, Knitting, Spinning), Fiber (Synthetic, Natural, Specialty), Application (Mobiltech, Indutech, Sportech, Others), Colorant (Dye, Pigment), Fabric – Global Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=421177.
Related Market Reports:
“Smart Textiles Market by Type (Passive, Active, Ultra-smart), Function (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermo-electricity), Industry (Healthcare, Sports & Fitness, Fashion, Military, Automotive), & Geography – Global Forecast to 2020” research report is now available with RnRMarketResearch.com. Key players in this industry include E.I. du Pont de Nemours and Company (U.S.), Google Inc. (U.S.), Intelligent Clothing Ltd. (U.K.), International Fashion Machines, Inc. (U.S.), Interactive Wear AG (Germany), Schoeller Textiles AG (Switzerland), Textronics, Inc. (U.S.), Vista Medical Ltd. (Canada), Textronics, Inc. (U.S.), Gentherm Incorporated (U.S.), and Sensoria Inc. (U.S.). This research available at http://www.rnrmarketresearch.com/smart-textiles-market-by-type-passive-active-ultra-smart-function-sensing-energy-harvesting-luminescence-aesthetics-thermo-electricity-industry-healthcare-sports-fitness-fashion-military-automotive-geography-global-forecast-t-market-report.html.
Explore more Textiles Market Research Reports at http://www.rnrmarketresearch.com/reports/materials-chemicals/textiles.
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