Technical textiles are materials specifically designed to provide solutions such as conductivity, filtration, flexibility, lightness, reinforcement, resistance, and strength. These fibers and materials are manufactured for technical and functional advantages rather than aesthetic value. The Technical Textiles industry serves Automotive, Construction, Sport and Leisure, and Water Treatment sectors.
Analysts forecast the Technical Textiles market in the EU to grow at a CAGR of 3.52 percent over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Technical Textiles market in the EU for the period 2015-2019. To calculate the market size, the report considers the revenue generated through the sales of technical textiles by vendors. It provides data on the different segments of the Technical Textiles market in the EU, which are based on the following: domestic consumption and export, end-user industry, and type of fiber.
In addition, it discusses the major drivers that influence the growth of the market and also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technical Textiles Market in the EU 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report recognizes the following companies as the key players in the Technical Textiles Market in the EU: Ahlstrom Corp., Freudenberg & Co. KG, Polymer Group Inc., Ten Cate NV and TWE Group GmbH.
Other Prominent Vendors in the market are: Borgers, Dow Corning, DuPont, Hollingsworth & Vose, HUESKER Synthetic, Huntsman, Johns Manville, Karl Otto Braun, Klopman International, Langendorf Textil, Lenzing, Lindstrom, Maccaferri, NAUE, Ontex and Schoeller Textil.
One of the major trends witnessed by the Technical Textiles market in the EU is the increase in demand for geotech products such as geotextiles. Geotextiles are used in the construction of roads and for automotive applications, because of which their demand is increasing.
According to the report, high demand for non-woven technical textiles is one of the factors contributing to the growth of the Technical Textiles market in the EU. Since non-wovens offer properties such as acoustic insulation, density, flexibility, and strength, they are expected to be the fastest growing product segment in this market compared with woven and composite technical textiles.
Further, the report states that increasing raw material prices is one of the challenges that could impede the growth of the Technical Textiles market in the EU during the coming years. The raw materials used in the manufacture of such fibers are dependent on fossil fuels and, hence, expensive.
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