Europe Technical Textile Market Industry Trends and Forecast to 2026
Europe technical textile market is expected to reach at a CAGR of 5.8% in the forecast period of 2019 to 2026. The market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
By Process (Knitted, Non-Woven, Woven and Others), Material (Regenerated Fiber, Mineral, Synthetic Polymer, Natural Fiber, Metal, High Performance Fiber and Others), Application (Geotech, Oekotech, Mobiltech, Indutech, Packtech, Sportech, Protech, Buildtech, Agrotech, Hometech, Clothtech and Meditech), Technology (Spinning, Weaving, Knitting, Finishing, Nanotechnology and others), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe) Industry Trends and Forecast to 2026.
Major growing sectors under the market segmentation are as follows:
Based on process, the woven segment is growing at the highest CAGR in Europe, during the forecast period of 2019-2026. This is majorly due to the wide applicability of the woven fabrics in technical textiles. As, woven fabrics are more durable and most widely used in clothing and garments as well as for decoration and covering purposes. In addition, woven fabric also used as sportswear, medical applications, textiles for electronics and airbag construction in automotive engineering.
Based on material, the synthetic polymer segment is growing at the highest CAGR in Europe, during the forecast period of 2019-2026. This is due to the growing popularity of various synthetic polymers such as polypropylene, polyester, polyacrylonitrile, polyether sulfone among others.
Based on application, the geotech segment is growing at the highest CAGR in Europe, during the forecast period of 2019-2026. This is majorly due to the growing demand of geotech from construction sector. It has been majorly used in the various construction applications such as road works, river canals and coastal works, railway works, drainage, sports field construction, among others.
Based on technology, the knitting segment is growing at the highest CAGR in Europe, during the forecast period of 2019-2026. As knitting is more cost effective, when compared to the spinning, weaving, finishing, and nanotechnology
Key Market Players
The key market players for Europe technical textile market are listed below:
Berry Global Inc.
Mitsui Chemicals Inc.
Koninklijke Ten Cate BV.
Freudenberg Performance Materials
Low & Bonar
Asahi Kasei Corporation
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