Technical Textile Market Trends

Growth Drivers

Rise in Government Initiative to Promote Technical Textiles

Various government and non-government initiatives are taken to promote the use of technical textiles to facilitate higher integration of technology into manufacturing processes and end-products. Different types of apparels made of technical textiles help manufacturers of different end user industries to keep their workforce safe in the factories, as the technical textiles are known to possess several beneficial characteristics over conventional textiles, that make them applicable for use in adverse environment conditions. Growing need for safety of workforce in the manufacturing industries, on the back of the growing concerns for the incidences occurred in workplaces, along with the stringent norms of the governments of nations globally to maintain strict workwear and uniforms code are anticipated to drive the growth of the global technical textile market.

Challenges

High Cost of Raw Material

The high cost of raw materials, which also impacts the price of finished goods, and therefore low profitability for the manufacturer of technical textiles, along with factors such as the increase in toxic waste generation during the production of these materials are anticipated to hinder the growth of the market over the forecast period.