DUBLIN, Oct. 27, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/s4j3v9/technical_textile) has announced the addition of the "Technical Textile Market by Product, Technology, Fiber, Application, Colorant & Fabric - Global Forecast to 2020" report to their offering.
The technical textiles market, in terms of volume, is projected to reach 42.20 Million Metric Tons by 2020, at a CAGR of around 4.68% from 2015 to 2020.
The market for the global technical textiles industry has seen an upward surge since 2000. The Asia-Pacific region accounted for around 33.13% of the total market share in terms of value in 2014, followed by the North American and European regions at 29.13% and 24.02 %, respectively. However, as the technical textiles market in developed countries is getting matured, the market in developing countries such as China, Japan, and India is projected to grow at a higher rate from 2015 to 2020. China, with a CAGR of 5.93%, is projected to grow faster than any other country. This is because of its vast population and high industrial and technological developments in the country.
This report estimates the size of the technical textiles market in terms of volume (million ton). In this report, the market has been segmented broadly on the basis of fiber type, technology, application, and region. The market drivers, restraints, opportunities, and challenges, and product price trends have been discussed in detail. The share of participants in the overall market has been discussed in detail.
Scope of the Report
This research report categorizes the technical textiles market based on type, application, and region.
Based on product type, the market has been segmented as follows:
- Fabrics - Unspun fiber - Yarn-product type
Based on fiber type, the market has been segmented as follows:
- Natural fiber - Synthetic fiber - Specialty fiber
Based on technology, the market has been segmented as follows:
- Nonwovens - Fabric finish - Weaving - Knitting - Fiber & spinning - Others (includes knotting, coating, and laminating)
Based on fabric fiber type, the market has been segmented as follows:
- Colored - Non-colored
Based on colorants, the market has been segmented as follows:
- Dyes - Pigments
Based on application, the market has been segmented as follows:
- Agrotech - Meditech - Mobiltech - Packtech - Sportech - Buildtech - Clothtech - Hometech - Protech - Others (includes Geotech, Oekotech)
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SOURCE Research and Markets