Global Technical Textile Market Forecast to 2024 - A $244+ Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 15, 2019--
The “Global Technical Textile Market - Forecasts from 2019 to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global technical textile market is projected to grow at a CAGR of 5.16% to reach US$244.172 billion by 2024, from US$180.579 billion in 2018.
Technical textiles are defined as textile materials and products manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative characteristics. Increasing industrialization and development of emerging countries is driving the technical textile market growth.
Increased penetration of these textiles in industries such as automotive, construction, healthcare, packaging, etc. is the key driving factor that is boosting the market growth.
Geographically, Asia Pacific is expected to grow at a good rate owing to the rising income levels, and growing end-user industries like healthcare, sports, and automotive. The market is expected to grow at a steady pace owing to the initiatives taken by the government in attracting investments in technical textile in both developed and developing countries.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research.
Key Topics Covered
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base and Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Global Technical Textile Market by Material
6. Global Technical Textile Market by Application
7. Global Technical Textile Market by Geography
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.5. Asia Pacific
8. Competitive Intelligence
8.1. Competition and Offerings Analysis of Key Vendors
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. Company Profiles
9.1. Asahi Kasei Advance Corporation
9.3. Mitsui Chemicals Inc.
9.4. ITG Company
9.5. Tencate Geosynthetics
9.6. Toray Industries Inc.
9.8. Low & Bonar
For more information about this report visit https://www.researchandmarkets.com/r/2q06gu
View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005809/en/
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Related Topics:Technical Textiles
INDUSTRY KEYWORD: MANUFACTURING TEXTILES
SOURCE: Research and Markets
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PUB: 05/15/2019 01:16 PM/DISC: 05/15/2019 01:16 PM