Technical Textiles Industry Trends

Part
01
of two
Part
01

Technical Textiles Industry: Business Trends

The business trends in the global technical textile industry include the improvement of the current products and new product launches, low import and export percentage, company mergers and acquisitions, recyclability improvement and Increased consumer profiles.

Research strategy

To understand the current business trends in the global technical textiles' industry, we began our research by leveraging a compilation of technical textile industry reports and consulting experts in the industry through their websites and blogs. Through this research approach, we managed to gather multiple resources that enabled us to carry out the research on the current business trends in the global technical textile industry. We narrowed our search to the current and future trends and thus stuck with the most current resources. To make sure that the identified trends were reliable, we ensured that each of the trends identified corroborated with the other sources. We relied on researched reports and key players in the global technical textile industry, therefore the sources used are considered credible. Detailed findings are outlined below.

Key findings

The Improvement of the current products and new product launches

The improvement of products is a major trend in the global technical textile industry. One of the driving forces behind this trend relates to the increased global competition in the technical textile industry. Major players in this industry are currently improving their technologies as a strategy to improve their respective products. It is important to point out that technology has always played a significant role in the market performance of the businesses in technical textiles. For instance, the recent innovations of new technology by the giant companies in the technical textiles such as 3M and DuPont have seen them generate great fortunes. This explains why major global companies in the technical textile industry are considering structural changes that will see them invest in the highly technical specialists and manufacturers of high-quality technical textile products.

Company mergers and acquisitions

Company mergers and acquisitions is another major business trend that is now common in the global technical textile industry. Noteworthy, the global technical textile market is highly fragmented an aspect that has seen major players in the industry use various strategies such as partnerships, acquisitions and joint ventures, all aimed at increasing their footprints in the market. On the other hand, because of the increased competition in the industry and the need for growth and development, many companies in this industry are merging while many others are acquiring smaller companies. Other than company mergers and acquisitions, inter-companies cooperation is continuing to rise and is being used as an avenue for growth and development. Recently, PGI a major global player in the global technical textile industry purchased Tesalca-Texnovo as a strategy to expand its market share. Company mergers, acquisitions and cooperation have been used by major companies in the technical textile industry as business strategies and operations for rapid economic growth and investments in the underdeveloped regions.

Low import and export percentage in the technical textiles' industry

Current market reports in the technical textile industry indicate that the industry continues to register low import and export percentage, and a major business trend in the industry. This business trend is as a result of the current business operations in the technical textile industry that have seen many international manufacturers continue to expand their businesses by building factories or investments across major towns and cities around the globe. This approach by the international companies is a strategy aimed at enhancing their business operations. More importantly, many companies continue to put several plants across the globe with the primary objective of reaching the consumer market. Major players such as BTT, Ahlstrom, P&G, and Kimberly-Clark have production bases split across Europe, Asia, North America, and the Asia Pacific. All these strategies have seen a significant decrease in the import and export percentage in the global technical textiles' industry.

Recyclability improvement because of the High Cost of Raw Materials

A report by allied market research indicate that the global technical textile market is projected to have a CAGR of 10.4% in the forecast period of 2019 to 2026. Unfortunately, the growth of the global technical textile market could be hindered in the next few years because of the high cost of raw materials and finished goods. However, the major players in the industry are already embracing business strategies that will see their businesses continue to thrive. Many of these companies are already working on their recyclability improvements and putting manufacturing factories closer to the raw material and in countries with the cheap labor market.

Increasing consumer profiles

Increasing consumer profiles is another major business trend in the global technical textile market. The rising end users of the technical textile products such as automobiles and healthcare industries will continue to increase the technical textile market. With this in mind, major players in the industry are taking promotional initiatives and investments that have seen most of them engage in expansions agreements, partnerships and acquisitions with the primary objective of setting their footprints in the global technical textile market.



Part
02
of two
Part
02

Technical Textiles Industry: Material Trends

In this study, we found that some prevalent material trends for the technical textiles industry are biofabrication leather, coated textiles, maximal, DecelAir superlight, and dynamic temperature control. Below is a detailed explanation of our methodology and findings.

METHODOLOGY

We initially started the research by finding information related to material trends in the technical textiles industry from textile industry-related websites such as The Business of Fashion, Modern Meadow, Chiorino Coated Fabrics, FabricLink, Heathcoat, and many more. Based on these sources, we found public information available regarding textile trends. We selected the five material trends based on the variety of use in different technical works/settings, mentions from two or more relevant information sources, and availability from textile news publications. We also described these material features including where they are being used in the market and how the industry is affected with these trends. The research is mainly focused on the production side, and how technology usage can replace traditional materials.

BIOFABRICATION LEATHER

Leather is becoming “biofabricated” by using lab-grown materials and not materials coming from the animals. A pioneer company in fabrication, Modern Meadow, formulated a way to make leather in a lab, and partnered up with a major European industry, Evonik, to help in the production scale. Modern Meadow is continuously receiving questions from other industries such as sports and automotive, and its product is attracting the worldwide interest of leather goods business. The emergence of biofabrication interrupts the traditional leather process, which requires animal skins to be processed, that has huge negative environmental impact. This revolution in biotechnology is not only faster, but has lower costs than before.

COATED TEXTILES

Coated fabrics are manufactured through the use of high-tenacity polyamide and material coating resulting in stronger fabrics that are able to meet harsh maritime conditions. The coated textile scraps can be recycled through physical and chemical reconditioning processes for future use. At present, a manufacturer’s design is limited by fabric or coating type, but the coating selection may help to either expand or limit the lifespan and recycling capabilities. Some advantages of coated fabrics include better abrasion resistance, ability to be fabricated by welding, seams as strong as parent material, exceptionally good air-holding, and higher strength/ weight. Coated fabrics also have some key performance advantages for demanding applications especially for military, police, commercial, and RIB-safari applications.

MAXIMAL

The increase of high-tenacity yarns is having an effect on the market, and in today’s new sports, all-powerful fabrics have a super soft hand and improved flexibility. These fabrics will be highly beneficial to extreme sports including road cycling and rock climbing since they can withstand the wearers’ performance. Other features include lightweight, anti-tear function, and longer product life. The material for fibers, yarns, and finishes is continuously attracting many sectors across textile industry and is nearly getting the most out of the materials.

DECELAIR SUPERLIGHT

A new top-quality super light-weight parachute fabric that weighs only 20 grams per square meter (gsm) or less has a superior strength, and is the lightest available product in the market. Heathcoat Fabrics is the main reason for this new material that has been selected by NASA as a fabric to be used in the next Mars rover landing in 2020. The company is the major global supplier to military, space, and leisure users. This product uses specialized yarns as high-tenacity nylon, polyester, para-aramids and meta-aramids, and cotton and poly/cotton blends.

DYNAMIC TEMPERATURE CONTROL

One of the most favorable growths in the textile world is meeting the temperature conditions that provide additional comfort to outgoing consumers. Micelle (little cell that activates when gets into contact with body heat and moisture) technology is used to make cooling features dynamic. It activates cooling ingredients that they hold. Dynamic materials are extremely durable and mainly used in sportswear. These materials increase the breathability to allow the heat to escape, and to quickly pull perspiration away from the body after a rigorous activity. This feature has no limitations on its use for the market such as furniture pads, car upholstery, leisure wear, medical wear, and yoga wear. With the help from textile industry, this material is still bound to be developed and is expected to eventually reach the commercial market.
Sources
Sources

From Part 01
From Part 02
Quotes
  • "A start-up called Modern Meadow has developed a way to brew leather in a lab, without harming any animals."
  • "Modern Meadow has been fielding inquiries from hundreds of designers across fashion, sports, automotive and other industries."
Quotes
  • " “Welcome to the age of biofabrication,” said Andras Forgacs, the co-founder and chief executive of Modern Meadow, a venture-backed biotech start-up that has managed to “biofabricate” leather without animals, attracting the interest of major players in the global leather goods business, which is worth over $100 billion a year and produces everything from car seats to luxury handbags."
Quotes
  • "As a manufacturer of marine safety products, staying on top of the latest developments in coated textiles ensures you’re in the best position to succeed in this unique environment by putting out the highest quality product possible. Advances in polymer blending and material coating allow for stronger fabrics better able to meet extreme maritime conditions."
Quotes
  • "Polyurethane tube materials from Chiorino offer a number of key performance advantages that favour its use for demanding applications, especially for military, police, commercial and RIB-safari applications, with the added benefit for all users that it keeps its ‘as new’ look for many years, even with hard usage."
Quotes
  • "Consumer brands involved in outdoor recreation, fitness and endurance sports have long pursued textiles that regulate body temperature. Most of these materials do this in two ways: Increasing the breathability to let heat escape, and quickly pulling perspiration away from the body after intense activity."