Sunday, April 26, 2015

[ Discover the technical textiles market that is poised to be propelled by product development coupled with innovation.]

Technical Textiles Market was worth USD 133.93 billion in 2012 is expected to increase to USD 160.38 billion by the end of 2018
A major part of the technical textiles marketcomprises research. Demand for high strength,durability, customization, safety and health,environment-friendliness, and cost-effectiven-ess from several industry segments drives 
the overall technical textiles market. 
Innovation in Nanotechnology to Fuel Global Technical Textiles Market The global technical textiles market is segmented on the basis of technology, end users, and geography. On the basis of technology, this market is segmented into heat-set synthetics, three-dimensional weaving, three-dimensional knitting, fabrics produced using nanotechnology, handmade elements, thermo-forming, finishing treatments, and others. 
Handmade elements include appliqué and stitch. Finishing treatments mainly refer to holographic laminates and water-resistant coatings. 
The three most extensively used techniques in the technical textiles market are three-dimensional knitting, three-dimensional weaving, and thermoforming. In fact, these three technology segments have almost reached the stage of maturity in the overall market.
Nanotechnology offers several growth opportunities owing to limitless expansion opportunities in the technical textiles field, in terms of both innovation and product development. Based on end users, the global technical textiles market is segmented into hometech, clothtech, sportech, mobiltech, meditech, agrotech, buildtech, protech, indutech, packtech, and others including geotech and oekotech. 
The geotech segment will witness robust growth in the coming years. The consumption of technical textiles mainly depends on the particular requirements of the various industry segments. 
Growth in Asia Pacific Market to Drive Global Technical Textiles Market Geographically, the global technical textiles market is categorized into Asia Pacific, North America, Europe, and Rest of the World. With a market share exceeding 45%, Asia Pacific dominated the overall technical textiles market in 2011. 
Asia Pacific is a key player in this industry; however, it is Europe and North America that are by far the strongest markets for the overall technical textiles industry owing to highly sophisticated technology. It is anticipated that the global market will be led by Asia Pacific in the forthcoming years. 
The Asia Pacific technical textiles market is likely to report revenue of US$61.26 billion by the end of the forecast period. The capacity of technical textiles to easily combine with other components and materials is a prominent factor that makes this class of textiles highly versatile. 
In fact, this is a major factor that offers several growth opportunities for the overall technical textiles market. High Fragmentation to Hinder the Growth of the Technical Textiles Market Rising popularity of technical textiles in India and China and increasing importance of geotextiles all across the globe offer opportunities for the growth of the technical textiles market. 
However, factors that hamper the growth of this market are the high degree of fragmentation in the current market and high cost of finished products, which in turn has an adverse impact on the pricing strategies of end users. A few of the key market players in the global technical textiles market are Procter and Gamble, Precot Meridian, Companhia ProvidĂȘncia, The Hindoostan Technical Fabrics Limited, ITOCHU PLASTICS INC, Lenzing, Andritz Perfojet SAS, Dow Automotive Systems, Ahlstrom Corporation, Kimberley Clark Corporation, E.I. du Pont de Nemours & Company, and Southwest Nano Technologies Inc. (SWeNT). Browse Full Global Technical Textiles Market Report With Complete TOC @
http://www.transparencymarketresearch.com/technical-textiles-market.html
For more information:
www.transparencymarketresearch.com/articles.htm www.transparencymarketresearch.com/press-releases.htm www.transparencymarketresearch.com/chemical-market-report…

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