Global Home tech Textiles Market: Introduction
A textile product manufactured for non-aesthetic purposes is called a technical textile. A technical textile used in home furnishing and clothing is called home tech textile. The home tech textiles market comprises a strong part of the technical textile market including upholstered furniture industry. Household textiles and furnishings. Home tech textiles range from filter products used in vacuum cleaners to fibre fills in mattresses and pillows.
Home tech products are made of both synthetic and natural fibres. Home tech textiles are widely utilized in furniture & interior decoration, sun protection, cushion materials, carpeting, fireproofing, wall coverings, flooring and textile reinforced fittings etc. Home tech textiles ranks 4th largest in sales of all the other technical textiles. Western Economies account for the biggest market share of home tech textiles followed by Asia Pacific. Home tech Textile products are in continuous use by household as well as commercial sectors.
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Global Home tech Textiles Market: Drivers & Challenges
The robust increment in office and commercial construction is a main factor aiding in driving the global home tech textiles market. With growing population worldwide, the demand for home tech textiles is growing proportionally. Rising disposable incomes & customer spending and increasing purchasing power of customers in developing countries is driving the growth of the global home tech textiles market. With rapid industrialization and increasing demand of technical textiles in industries is another factor leading the global home tech textiles market to grow.
The major challenge faced by the global home tech textiles market is frequent changes in raw material prices. The rise and degradation in raw material prices is affecting the imbalance in prices of the global home tech textiles market. Moreover, low degree of consumer preference towards the technical textiles, especially home tech textiles is a major reason posing as a restraint to the global home tech textiles market. In addition, less requirement of luxurious needs such as home tech textile products is again a critical challenge to the global home tech textiles market.
Global Home tech Textiles Market: Segmentation
The global home tech textiles market can be segmented on the basis of Geography, applications and end use types. On the basis of geography, the global home tech textiles market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa and Japan. On account of applications the global home tech textiles market can be segmented into commercial and household. Home tech textiles are widely used in commercial sector like offices and business organizations as well as domestic and household purposes.
Considering end use types, the global home tech textiles market can be segmented into fibrefill, mattress and pillow components, carpet backing cloth, stuffed toys, blinds, HVAC filters, vacuum cleaner filter cloth, non-woven wipes, mosquito nets and furniture fabrics.
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Global Home tech Textiles Market: Regional Outlook
Due to population explosion in the continent, Asia Pacific accounts for the maximum share of the global home tech textiles market. North America holds the second largest share of the total home tech textiles market across the globe. Latin America follows North America as the third largest consumer of home tech textiles worldwide. Europe accounts for a huge number of nations involved in importing, manufacturing and exporting home tech textiles. Western Europe holds a larger share than the Eastern Europe. MEA is a growing market for home tech textiles followed by Japan.
Global Home tech Textiles Market: Key Players
The major companies involved in the manufacture and production of home tech textiles are Polymer Group Inc., Freudenberg and Co., TWE Group, Ahlstrom Corporation, Dupont Chemicals Company, Aadinath Hometech etc.
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