High-Performance Textiles: What’s Coming Up in 2023?
The textile industry is one of the biggest industries in the world that always has something new and unique on its plate. In today’s times, the textile industry is not only concerned with the production and distribution of yarn and cloth, but it is a process of planning, producing, and modifying textiles to suit the needs and likes of customers.
Even during the COVID-19 pandemic, the textile industry stood still in the market due to the rising growth of the latest technologies that have been introduced in the textile industry. The textile market has now become a high-performance textile market that functions on several technologies and has wide applications in various sectors such as aerospace and defense, energy, automotive and transportation, chemical, and medical.
This article will dive deep into the prospects of high-performance textile applications and the latest trends in the market.
What is high-performance textile?
The next-generation textiles that are advanced with innovative high-tech applications and offer excellent quality, functionality, and physical properties in the textile industry are called high-performance textiles.
With the expanding range of textile materials and their application in automobiles, aviation, etc., three-dimension (3D) textiles technology has gained ground in recent years. 3D technology in textiles provides substantial benefits, including reduced production stages, substantially lower electricity consumption, and consistent and continuous yarn design.
Considerable technological advancements have been made, from initial designing to final implementation across all textiles production stages, including manufacturing, adopting electronic design-based techniques, and automation.
How do high-performance textiles affect the market?
Applications of high-performance textiles in end-use industries have been given a rise with the increasing focus on quality, high functionality, advanced specialty materials, and durability.
According to a report by BIS Research, the global high-performance textile market is projected to reach $26.08 billion by 2031 from $9.60 billion in 2021, at a CAGR of 9.3% during the forecast period 2022–2031.
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With the increasing demand for high-quality and functional textile products, technological advancements are currently taking place in the high-performance textile industry. Moreover, integrating new and innovative technologies in the industry makes laborers adapt to these changes and advance their knowledge in high-performance textile production.
However, the high cost of production and a scarcity of skilled and technology-updated labor are key restraining factors for the high-performance textile market.
What are the upcoming trends in 2023 for the high-performance textile industry?
The major trends of the high-performance textile industry in 2023 will have a far-reach impact on the business strategies of the textile and apparel companies.
Polyester will continue to drive the global fiber market: The share of polyester fiber in the world has adopted a pace since 1980, and since then, it is dominating the textile industry. It is expected to maintain the largest fiber consumption and form a share of 60% of the global fiber consumption (around 130 million tonnes) by 2030.
3Cs influence the manufacturing landscape: While trade will continue to grow, the shift in manufacturing will be driven by other parameters besides cost. Buyers are increasingly looking for full-package suppliers who can give them variety and quality in the shortest period at a reasonable cost. The competitive advantage of countries and closeness to major markets will drive the next shift.
Adopting Industry 4.0 will be a key to achieving manufacturing and supply chain: The concept of Industry 4.0 envelops many technologies that play a key role in reshaping the textile industry, such as big data analytics, artificial intelligence, advanced robotics, 3D printing, and the Internet of Things (IoT). These building blocks can open up many possibilities in redefining the high-performance textile market.
Fashion consumption will continue to evolve with technology and innovation: The fashion industry is witnessing a constant stream of innovation with myriad technologies creating new consumer experiences. The future structural shift that will govern fashion consumption will be based on the influx of technology through the development of material science.
Sustainability will be the main pillar of future growth: With the growing concern about the environment and improving transparency in the supply chain due to IT integration, adherence to compliances and standards is no longer an option. To revive or even to remain, the industry will need to redefine itself through recycling, reuse, resale, and rentals.
Conclusion
The textile industry is one of the oldest industries in the world, which began with hand-woven, hand-spun, and various mills. Since then, the textile sector has advanced with innovative technologies resulting in high-performance textiles.
New trends in high-performance textiles have increased demand for adopting safety features and new product developments in protective clothing.
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