Home textiles can be defined as the textiles used for home furnishing. The fabrics used for home textiles consists of both natural and man-made fibres. The hometech textiles market comprises a strong part of the technical textile market including the upholstered furniture industry. Hometech textiles range from filter products used in vacuum cleaners to fiber fills in mattresses and pillows. Hometech products are made of both synthetic and natural fibers. Hometech textiles are widely utilized in furniture & interior decoration, sun protection, cushion materials, carpeting, fireproofing, wall coverings, flooring and textile reinforced fittings etc. Hometech Textile products are in continuous use by the household as well as commercial sectors. Seen as a mightily expanding and changing sector in the global textile industry, the presence of technical textiles is not merely confined to industrial applications and is becoming a ubiquitous phenomenon in our day to day activities as well.
Expected CAGR during 2018 - 2023
Western Economies account for the biggest market share of hometech textiles followed by the Asia Pacific owing to the population explosion in the continent, Asia Pacific accounts for the maximum share of the global hometech textiles market. Moreover, North America holds the second largest share of the total hometech textiles market across the globe. Latin America follows North America as the third largest consumer of hometech textiles worldwide. Europe accounts for a huge number of nations involved in importing, manufacturing and exporting hometech textiles. Western Europe holds a larger share than Eastern Europe. MEA is a growing market for hometech textiles followed by Japan.
The robust increment in office and commercial construction is the main factor aiding in driving the global hometech textiles market. With a growing population worldwide, the demand for hometech textiles is growing proportionally. Rising disposable incomes & customer spending and increasing the purchasing power of customers in developing countries are driving the growth of the global hometech textiles market. With rapid industrialization and increasing demand for technical textiles in industries is another factor leading the global hometech textiles market to grow.
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