Nanotextiles Market Size, Share, Growth, and Industry Analysis by Type (Nanocoated Textiles, Nanoporous Textiles, Fabrics Consisting of Nanofiber Webs, and Composite Fibers based on Nanostructures) By Application (Wearable Electronics, E-textiles, Apparel, Sportswear, Medical Textile, Industrial Textiles, and Other), Regional Insights, and Forecast To 2031

Updated On: 08 July 2024

Nanotextiles Market Report Overview

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The global nanotextiles market size was USD 9873.9 million in 2022 and is expected to reach USD 53543.79 million in 2031, exhibiting a CAGR of 20.7% during the forecast period.

The term "nanotextiles" refers to textiles that have been treated with nanotechnology to make them waterproof, oil-proof, and foul-resistant. Nano clothing has additional qualities like antibacterial, UV protection, and wrinkle resistance. A subset of textiles known as nanotextiles is created using nanotechnology. The word "nanotextiles" is specifically used to describe four different product categories: nanocoated textiles, fabrics made of nanofiber webs, textiles made from composite fibers based on nanostructures, and nanoporous textiles. Sales of nanotextiles have grown gradually over the past 40 years and are currently growing extremely quickly as a result of their rising application in the production of mass-market goods across a variety of industries.

The rising need for wearable electronics and e-textiles in a variety of sectors, including healthcare, the military, fashion, sportswear, etc., is responsible for the expansion of this industry. Additionally, the usage of nano textiles in the textile industry has expanded as a result of technological developments in textile production and growing consumer awareness of the health advantages of natural fibers. Nanotextiles are fabrics made with nanoparticles, which have a variety of uses. It is a brand-new group of cutting-edge materials with distinctive qualities. Natural fibers cannot match the characteristics of nanotechnology-based textiles, which have various competitive benefits. Nanotextile is the material of the future for textiles, and it will transform the textile sector.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth                        

The global COVID-19 pandemic has been unprecedented and staggering, with Nanotextiles experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the nanotextiles market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Globally, the covid epidemic is affecting society and the economy. Due to the shutdown of manufacturing facilities in the area, many countries that are in lockdown have seen significant losses in trade and revenue. The COVID-19 epidemic has had a significant impact on how industrial and manufacturing industries operate. COVID-19 has significantly influenced the worldwide manufacturing and industrial sector, according to market trends for nanotechnology, as production facilities have halted, which in turn has led to a major increase in demand in industries. The nanotextiles market is expected to increase slowly through the end of 2021 as a result of the introduction of COVID-19.

LATEST TRENDS

"Technological Improvements in the Manufacturing Process to Boost Market Growth"

The companies are concentrating on creating nanotextile products with conventional qualities and adhering to global environmental, health, and safety regulations. It has become morally imperative for textile companies to uphold and set high standards in nanotextile goods in light of stringent environmental legislation and rising customer awareness. Textiles have been incorporating technology as well. For instance, efforts have been made to improve garments that will have sensory capabilities. Companies are also working on textile-based nano-sensors, which open up several opportunities for nanotextile, such as customized healthcare systems, monitoring wearers' vital signs, and making clothing that quickly adapts to changing weather conditions.

Nanotextiles Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Nanocoated Textiles, Nanoporous Textiles, Fabrics Consisting of Nanofiber Webs, and Composite Fibers based on Nanostructures. Fabrics treated with nanotechnology known as nanocoated textiles are the leading segment in the nanotextiles market share.

• By Application Analysis

Based on application, the market is segmented as follows: Wearable Electronics, E-textiles, Apparel, Sportswear, Medical textiles, Industrial Textiles, and Others. Electronics that can be worn on or fastened to the human body are known as wearable electronics and leads the nanotextiles market share.

DRIVING FACTORS

"Demand for Nanotextiles to Facilitate Market Development"

Nanotechnology has various benefits that increase the strength, lightness, and durability of textile products and their capacity to resist corrosion. Prospects are brightened by research aimed at improving nanotechnology or developing novel textile functions. There is a steady flow of funding for research and development in the nanotextiles market, primarily from the government and private business entities, as a result of the demand for nanotextiles in numerous larger industries. The nanotextiles market growth is the outcome of an anticipated increase in the global sales of technical textiles backed by nanotechnology in the medical, defense, automotive, construction, fashion, and other industries. The development of new fabrics with enhanced properties as a result of nanotechnology.

"Application in Various Industries to Promote Industry Progress"

Due to the expanding use of nanotextiles in mass-market goods production across various industries, sales of these materials have been growing consistently and are currently seeing significant growth. Due to the widespread use of nanotechnology in industries including consumer electronics, healthcare, and food, among others, the market for this technology is anticipated to expand significantly over the next years. The widespread use of electronic devices across all income levels has increased the demand for long-lasting nanotextiles with anti-static and dust-repellent properties. Demand is being driven by end-user industries, such as the automotive industry, where textile vehicles are extensively utilized in the production of automobiles, for cost-effective, simple to use, and environmentally friendly nanotechnology goods.

RESTRAINING FACTORS

"Environmentally Unfriendly Nature to Hinder Market Growth"

The development of textiles using nanotechnology has grown significantly, and the general public's concern regarding the safety of these items is growing. The US-based Project on Emerging Nanotechnologies (PEN), noted that as research into nanotechnology grows and new products based on it are released, issues for organizations like the Consumer Product Safety Commission are also increasing. Abrasion, washing chemicals, etc. cause fabrics to lose between 5% and 20% of their overall weight during washing. It is thought that washing nanotextiles in wastewater could also cause certain nanoparticles to be released into the environment. Studies on textiles made of nano-silver indicate that after washing, textile products can lose up to 35% of their silver content. The high prices of accompanying technology are one of the barriers to the growth of nanotextiles. The nanotextiles market is full of temperature-controlled or thermo-regulated clothes, but high costs deter buyers.

Nanotextiles Market Regional Insights

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"Increase in Demand to Propel Market Progress in North America"

North American nations are anticipated to keep their lead in the nanotextiles market, contributing around 35% of the total income generated worldwide. The U.S. owned a share of more than 50% of the total revenue generated by nanotextiles globally and is anticipated to keep the lead in North America. The need for end-use products like sportswear and medical textiles is predicted to rise, which will fuel the growth of the North American nanotextiles market. Over the following six years, it is projected that this tendency will propel the nanotextile market.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Nano Textile (Israel)
• Colmar (France)
• Shanghai Huzheng Nano Technology (China)
• eSpin Technologies (U.S.)
• FTEnE (South Korea)
• Parker Hannifin (U.S.)
• Schoeller Technologies (India)
• Odegon Technologies (U.K)
• Aspen Aerogel (U.S.)
• BASF (Germany)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.