With an increased worldwide focus on high functionality, quality, durability, and advanced specialty materials, the shift to high-performance textiles in end-use industries is increasing.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled High-Performance Textile Market – A Global and Regional Analysis.
According to this study, the market size of the global high-performance textile market was valued at $9.60 billion in 2021 and is projected to reach $26.08 billion by 2031.
The following factors are responsible for the increase in demand for high-performance textiles:
The detailed study is a compilation of 147 market data tables and 18 figures spread through 222 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Pooja Tanna, Lead Analyst, BIS Research, “High-performance textiles are expected to be the best option for advanced high-tech applications, where properties such as high functionality, durability, excellent cut resistance, and fire resistance are required. With the increasing focus on sustainability and technological advancement to boost the adoption in various end-use industries, the growth in the high-performance textile market is expected to be robust in the coming years.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the 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., and more.
Recent Developments in the Global High-Performance Textile Market
Aerospace and Defense to be the Leading End-Use Applications
High-performance textile is being adopted by various end-use applications such as aerospace and defense, energy, automotive and transportation, chemical, and medical.
According to the study from BIS Research, aerospace and defense is expected to be the largest application during the forecast period 2022-2031. The growing demand for high-performance textiles with specific functionalities, mainly in aircraft, space shuttles, space suits, lunar and mars missions, and space transportation, has propelled the demand in this end-use industry.
Various companies in the aerospace and defense industry are focusing on research and development of innovative technologies to cater to changing requirements. There are various governments and companies that have set goals to achieve sustainability and take steps toward achieving set targets.
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BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
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