GROWING POTENTIAL OF THE TECHNICAL TEXTILE IN MIDDLE EAST AND AFRICA MARKET OUTLOOK: KEN RESEARCH
The technical textile is a distinct set of textiles which serve some of the effective properties such as fire-resistance, durability, flexibility and several others for attaining the attraction in a broad range of end user industries. Whereas, the introduction of technical textile is majorly done to fulfill non-aesthetic functions which extensively involves comfort and safety. Furthermore, the key players of this market are playing an important role while developing the techniques of doing work and spreading awareness related to this which further proved to be beneficial for leading the fastest market growth and attaining the high value of money in the Middle East and Africa during the forecasted period more positively.
According to the report analysis, ‘Middle East and Africa Technical Textile Market Industry Trends and Forecast to 2026’ states that there are several key players which are recently functioning in this sector more actively for dominating the high value of market share and leading the fastest market growth while effectively initializing the cost of raw material utilized in the technical fabrics, employing the young work force for increase the productivity at a reasonable price and analyzing the production cost of the wearable electronics and smart textiles for increase the amount of profit includes Berry Global Inc., DuPont, Mitsui Chemicals Inc., Koninklijke Ten Cate BV., Freudenberg Performance Materials, Delcotex, Low & Bonar, SRF Limited, Asahi Kasei Corporation and several others. Moreover, the players of this market are studying the strict regulation of the government for running the business more smoothly and generating the high amount of revenue in the Middle East and Africa which further benefitted for the dominating the highest market growth in the coming years more positively.
Middle East & Africa technical textile market is estimated to reach at a CAGR of 11.1% in the forecast period 2019 to 2026. Moreover, the market of technical textile in the Middle East and Africa is segmented into different sectors which majorly involve process, application, material, technology and region. Whereas, on the basis of material, the market is further split into Regenerated Fiber, Mineral, Synthetic Polymer, Natural Fiber, Metal, High Performance Fiber and several others while, the synthetic polymer sector is growing at the uppermost CAGR in Middle East & Africa, during the forecast period of 2019-2026. This is owing to the growing popularity of several synthetic polymers such as polypropylene, polyester, polyacrylonitrile, polyether sulfone among others.
Nevertheless, based on the application, the market is sub-segmented into Geotech, Oekotech, Mobiltech, Indutech, Packtech, Sportech, Protech, Buildtech, Agrotech, Hometech, Clothtech and Meditechfor instance, the geotech segment is rising at the highest CAGR in the Middle East & Africa, during the forecast period of 2019-2026. This is extremely due to the growing ultimatum of thegeotech from construction sector. It has been majorly utilized in the several construction applications such as road works, river canals and coastal works, railway works, drainage, sports field construction, among others.
Additionally, the growing demand for the durable non-woven technical textiles, rising demand for the diapers to help the growth of the disposable non-wovens and several others are the major factors for increasing the market growth. Therefore, in the near future, it is anticipated that the market of technical textile will increase more positively over the recent few years in the Middle East and Africa.
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Ankur Gupta, Head Marketing & CommunicationsSales@kenresearch.com