TechNavio recognizes the following companies as the key players in the Global Technical Textile Market: Ahlstrom Corp., E.I. du Pont de Nemours and Co., Freudenberg & Co. KG, Johns Manville, and Kimberly-Clark Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The latest trend in the Global Technical Textile market is the integration of electronic circuits into textiles. Fiber conductive wires are used to build these electric circuits. These electric circuits are termed wearable electronics. They consist of a controller, a micro system, sensors, actuators, etc. They are used for integrating light, heating pads, and communication technology, such as Bluetooth, into a textile to provide it with certain functionality. These wearable electronics are used to interact with smart devices such as smartphones and tablets. Companies such as Interactive Wear AG have already started using this new technology in their products. Thus, the use of electronics in textiles is an emerging trend that is expected to drive the market in the future.”
According to the report,one of the main drivers contributing to this market’s growth is the various technological innovations. The increasing advancements in technology have led to various industries viewing technical textile products more favorably. These products are used for various purposes, and the increasing R&D in this market has led to the introduction of numerous innovative products.
Further, the report states that one of the main challenges hindering the growth of this market is the high cost of raw materials and power. Manufacturers have to import raw materials from foreign countries and this increases the overall production cost of technical textiles. In addition, the cost of procuring power is very high.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-technical-textile-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Technical Textile Market 2012-2016
