DUBLIN--(BUSINESS WIRE )--The "Technical Textile Chemical Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Material Type, By Fibers, By Application, By End-Use, By Region" report has been added to ResearchAndMarkets.com's offering.
The global technical textile chemical market was valued at USD8.6 billion in 2021. The market is projected to register a CAGR growth of over 4.6% during the forecast years, 2023-2027, owing to the factors like surging demand for technical textiles for the home furnishing & decoration sector and rising demands for the commercial spaces.
Besides, increasing industrialization and globalization and expanding service-based industries like information technology and telecommunications, banking, financial services, and insurance are positively contributing to the growth of the global technical textile chemical market.
Technical textile chemicals are substances used in the production of several types of technical textiles. Technical textiles are created for functional, rather than aesthetic reasons, and are produced according to their intended use. Technical textile materials are frequently used in spacesuits, stab- and bulletproof vests, molten metal protection for welders, filter clothes, and other products.
The uses for technical textiles are very varied. Technical textiles are categorized according to how well-suited they are for a given sector. Technical textiles are most commonly used in the following sectors: agricultural (agrotextiles), construction (construction textiles), apparel (clothing textiles), geotech (geotextiles), and home technology (home textiles), healthcare (medicare textiles), etc.
Enhancing personal safety is one of the technical textile's key features. The materials were highly utilized to make PPE suits in the most recent pandemic incident. The need for the same has increased dramatically over the last two years. The growing demand for technical fabrics is a clear indication that the public is becoming increasingly concerned about health issues and the threat that the pandemic poses to human life. Thus, it is projected that the global technical textile chemical market will expand during the next five years due to the rapid surge in demand for technical textiles.
The global technical textile chemical market segmentation is based on material type, fibers, application, end-use, regional distribution, and competitive landscape. Based on the end-use, the market is sub-segmented into hygiene & medicals, furniture & upholstery, automobiles, building and construction, sports & leisure, personal protection, Agri & forestry, and others. The furniture & upholstery segment is anticipated to register the highest growth in the market, owing to the rising demand for products in the household sectors and increase in residential construction activities.
In this report, global technical textile chemical market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Technical Textile Chemical Market, By Material Type:
Technical Textile Chemical Market, By Fibers:
Technical Textile Chemical Market, By Application:
Technical Textile Chemical Market, By End Use:
Technical textile chemical Market, By Region:
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900