The Global High-Performance Textile Market Size is valued at 11.43 billion in 2023 and is predicted to reach 24.70 billion by the year 2031 at an 10.37% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Technical textiles are defined as textile materials manufactured to meet technical and performance requirements rather than decorative or aesthetic requirements.
- The increase in demand for formal and casual wear and other fashionable clothing among all age groups in the global population is a major driver of the textiles market's growth.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- Technical textiles are used mainly in agriculture and horticulture, construction and civil engineering, footwear and clothing, household furniture and coverings, and cleaning and conveying industrial equipment.
High-performance textiles have been designed to provide high strength, high modulus, thermal stability at high temperatures, chemical and solvent resistance, and various other characteristics for their specific end-use application. The market is projected to grow in the coming years due to the expanding manufacturing sectors worldwide. Technological developments in manufacturing technologies will drive the market in the coming years.
However, a significant element favorably influencing market growth is the high cost of completed products together with challenging manufacturing processes. The demand for durable textiles is growing due to the trend toward more materials in end-use industries. The increased emphasis on sturdy construction, quality, sturdiness, and specialized specialty materials across the globe is to blame for this. The transition is especially apparent in the aerospace and defense sectors.
Moreover, New trends, such as digital techniques in increased textiles, rising major automobile demand and the implementation of safety features in the automotive industry, new product innovations in safety gear, and rising sustainability awareness, are expected to present opportunities for the market to grow in the years to come.
Recent Developments:
- In Dec 2021, Huvis and Korea Textile Smart Processing Institute ad entered into an MOU for developing and commercialising cool-to-touch composite functional materials. According to the MOU, the two organizations are expected to create high-added value in the domestic cool-to-touch material industry by researching and developing products using cool-to-touch composite functional materials, developing production technologies, such as design, weaving, and dyeing and finishing technology, and cooperating in evaluating the performance of cool-to-touch materials.
- In Aug 2019, Arville now provided specialist textiles for an increasingly broad range of applications. The company, which initially weaved fabric for public transport uniforms, has a customer base in more than 50 countries supplying to varied sectors such as defence, aerospace, pharmaceutical, food, medical, automotive and filtration.
Competitive Landscape:
Some of the major key players in the High-Performance Textile market are:
- Arville
- Asahi Kasei Corporation
- Avient Corporation
- Baltex
- DuPont
- Freudenberg Performance Materials
- Hexcel Corporation
- High Performance Textiles Pvt. Ltd.
- Huvis Corp.
- Kermel
- Kolon Industries, Inc.
- Mitsui Chemicals, Inc.
- Performance Textiles
- Porcher Industries
- Toray Industries, Inc.
- Cass Materials
- Crosslink Composites, Inc.
- Fabiosys Innovations
- High Performance Textiles GmbH
- Spintex Engineering Ltd.
Market Segmentation:
The high-performance textile market is segmented based on end-users applications, field type and technology. Based on end-user application, the market is segmented as aerospace and defense and automotive and transportation and sports and energy and chemical and other. The market is segmented by fiber type: aramid, carbon, glass, high-strength polyethylene, aromatic polyester, and others. Based on technology, the high-performance textile market is divided into woven, non-woven, knitting and 3D.
Based on fiber type, the carbon fiber segment is a major contributor to the high-performance textile market.
The carbon fiber category is expected to hold a major share of the global high-performance textile market in 2021 due to various aerospace sector applications, including airplanes, rockets, telescopes, and weapons. As a result of their lightweight and stiffness qualities, CFRCs are becoming increasingly prevalent in aviation components, which is another factor that is anticipated to fuel demand. Carbon fiber structures weigh about one-third and a half as much compared to aluminum and steel. CFRC consumption, however, is far more expensive than using metals. The high expense of carbon fiber has limited its use to high-performance vehicles, including aircraft like Boeing and Airbus, jet fighters, rockets, racing automobiles, sports cars, and racing yachts.
The aerospace & defense segment has witnessed growth at a rapid rate.
The aerospace & defense segment is projected to increase in the global high-performance textile market. The industry is shifting toward lightweight materials to increase the aircraft's budgetary performance and ecological sustainability. Therefore, aircraft production depends on high-strength, lighter, and jute structural components. In aircraft applications, aluminum alloys and structures are advantageous because they give great strength and stiffness at a decreased weight, significantly lowering fuel consumption. These materials make it possible for airplanes, particularly military aircraft, to carry greater payload and fuel, extending missions and reducing downtime.
The North America high-performance textile market holds a significant regional revenue share.
The North America high-performance textile market is expected to register the highest market share in revenue soon on account of well-developed markets for the aerospace and defense industries. The market in this region is expanding due to factors such as increased defense spending in the United States, the use of excellent-performance fibers in the architecture, electronics, and automotive industries, and the use of high-performing fibers as an alternative to mesothelioma and steel. In addition, the Asia Pacific region is projected to grow rapidly in the global high-performance textile market. The rising demand for textile materials with high performance is driving the market in the Asia Pacific. The increased use of technical textiles in Asia is fueled by industrialization, the availability of low-cost raw materials, and growing consumer awareness of their improved functioning. There are an increasing number of manufacturers in the Asia Pacific technical textiles market.
Global High-Performance Textile Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 11.43 billion |
|
Revenue forecast in 2031 |
USD 24.70 billion |
|
Growth rate CAGR |
CAGR of 10.37% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million,Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Application, Fiber Type, Technology |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Arvill, Asahi Kasei Corporation, Avient Corporation, Balte, DuPont, Freudenberg Performance Materials, Hexcel Corporatio, High Performance Textiles Pvt. Ltd., Huvis Corp, Kermel, Kolon Industries, Inc., Mitsui Chemicals, Inc, Performance Textiles, Porcher Industrie, Toray Industries, Inc, Cass Materials, Crosslink Composites, Inc., Fabiosys Innovation, High Performance Textiles GmbH, Spintex Engineering Ltd. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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