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Yahoo
14 hours ago
- Business
- Yahoo
Polypropylene Compounds Market worth $24.8 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Aug. 18, 2025 /PRNewswire/ -- The report "Polypropylene Compounds Market by Product Type (Mineral-filled Polypropylene Compounds, Glass Fiber Reinforced, Polypropylene-based TPO, Polypropylene-based TPV, Additive Concentrates), Polymer Type (Homopolymer, Impact Copolymer, Random Copolymer), End-use Industry (Automotive & Transportation, Construction, Electrical & Electronics, Packaging, Medical, Textile, Others), Processing Method (Injection Molding, Blow Molding), and Region - Global Forecast to 2030", polypropylene compounds market is projected to reach USD 24.8 billion by 2030 from USD 17.6 billion in 2024, at a CAGR of 6.2% during the forecast period. Browse in-depth TOC on "Polypropylene Compounds Market" 190 - Tables45 - Figures250 - Pages Download PDF Brochure: The Polypropylene compounds market is mainly driven by the continually growing demand from the primary end-use applications, such as automotive, packaging, construction, and electronics. The automotive market has recently seen a large shift toward lightweighting in vehicles to support electric vehicle advancements and improve fuel efficiency, which supports the growth of Polypropylene compounds, specifically glass fiber and mineral filled grades. There are also advantages of using Polypropylene compounds in the packaging industry, such as durability, cost-effectiveness, and recyclability. These properties allow Polypropylene to be used throughout the rigid and flexible packaging sectors. Moreover, in construction, Polypropylene compounds are suitable due to their resistance to moisture, impact, and certain chemicals, which open the market up to piping and insulation. In electronics, on the other hand, flame-retardant and impact resistant grades of Polypropylene compounds are used for housing/components. These categories as a whole have been fueling demand in the industry and attention toward these Polypropylene compounds. There is also a larger scope of opportunities for recycled and bio-based materials, along with increased interest in sustainable materials in the global market due to regulations surrounding the environment and sustainability goals of companies globally. Overall, these factors together would continue to stimulate the growth of the global Polypropylene compounds market. "Glass reinforced fiber is projected to be the fastest-growing product type in the polypropylene compounds market during the forecast period" In the Polypropylene compounds market, the fastest-growing product type is projected to be glass fiber-reinforced polypropylene because of its superior mechanical properties, such as strength-to-weight ratio, dimensional stability, and thermal resistance. Glass fiber-reinforced polypropylene offers an appropriate alternative when lightweighting is a necessity, especially within the automotive sector where manufacturers are increasingly replacing metals with advanced plastics to improve fuel economy and emissions, as regulations become stricter. As industries remain focused on developing newer but lighter products and materials, glass fiber-reinforced polypropylene enables design flexibility and meets structural integrity without compromising the fiber. Moreover, recent developments in glass fiber loading and processing methods have expanded the use of glass fiber separately for approved applications. Additionally, with sustainability in the forefront, glass fiber-reinforced polypropylene could successfully provide a means to lower overall vehicle weight while curtailing energy consumption and emissions and support global objectives and environmental policy, making it easier to see that it is the fastest-growing segment in the Polypropylene compounds market. Request Sample Pages: "Impact copolymer is projected to be the fastest-growing polymer type in the polypropylene compounds market during the forecast period" Impact copolymer polypropylene is expected to be the fastest-growing polymer type in the polypropylene compounds market, due to its good performance and balance of toughness, impact resistance, and ease of processing. Impact copolymer is particularly well-suited for applications needing durability and strength, such as automotive bumpers, dashboards, and exterior trim. The trend toward lightweight and high-performance materials is driving increased global demand for impact copolymer in automotive components and parts. Recent stricter regulations addressing fuel efficiency as well as the emergence of electric vehicles have accelerated the demand for impact copolymer. Increase in demand for automotive applications is an emerging application of the impact of copolymer for the manufacture of appliances, industrial goods, and rigid packaging, where strength and impact resistance is critical. Stability is maintained in impact copolymer at lower temperatures, which is beneficial for cold climate regions and demanding applications. As decreasing manufacturing costs are increasing the production of impact copolymer with high quality and integrating on-going advances in copolymer technology, such as clarity {optical properties}, surface finish and recycling, impact copolymer is gaining traction in the polypropylene compounds market. "Automotive & transportation industry held the largest market share in the polypropylene compounds market in 2024" The automotive & transportation industry, driven by demand for lightweight, long-lasting, and inexpensive materials, is the largest user of polypropylene compounds and accounts for the largest share of the polypropylene compounds market. It is an ideal material used in a number of applications, including but not limited to bumpers, dashboards, panel trim, door panels, and other under-the-hood applications. Global expectations for improved fuel efficiency and reduced emissions are prompting original equipment manufacturers (OEM) to make efforts to enable a significant reduction in weight attributed to the use of metals and their replacement with lighter density polypropylene compounds, Polypropylenes, to reduce the weight of new transportation solutions. The shift to electrification adds significant importance in reducing weight to improve performance and vehicle range from the battery technology that is available. Furthermore, the fact that Polypropylene can be repurposed and molded creates great synergies for automotive manufacturers to improve sustainability goals and design aspects in the development space. As demand for vehicles continues to surge, especially in the largest markets, such as China, the US, Germany, and India, the automotive sector will be a larger consumer of polypropylene compounds. "North America is projected to be the second-largest region in the polypropylene compounds market during the forecast period" North America is estimated to occupy the second-largest share of the global polypropylene (PP) compounds market, fueled by a strong industrial base and intense demand from major end-use applications. The region's well-established automobile industry, specifically within the US and Mexico, which plays a vital role in Polypropylene compound usage as more fuel-efficient and performing lightweight materials are increasingly adopted. Also, the growing construction, packaging, and electrical & electronics industries in the region further stimulate demand for value-added Polypropylene compound grades. Industry leaders, such as LyondellBasell and Washington Penn, with regional production and R&D bases, increase supply chain resilience and innovation. The trend toward sustainability, such as the use of recycled Polypropylene compounds and governmental support for green materials, further accelerates market growth. With ongoing investments in infrastructure, tech development, and growth in regional manufacturing, North America is a prominent driver of the global Polypropylene compounds market. Request Customization: Key players The Polypropylene compounds market report comprises key service providers such as LyondellBasell Industries Holdings B.V. (US), Kingfa Sci.&Tech. Co.,Ltd. (China), LG Chem (South Korea), Mitsui Chemicals, Inc. (Japan), Washington Penn (US), Mitsubishi Chemical Group Corporation (Japan), SABIC (Saudi Arabia), Repsol (Spain), Sumitomo Chemical Co., Ltd. (Japan), Borealis GmbH (Austria), GS Caltex Corporation (South Korea), LOTTE Chemical Corporation (South Korea), TotalEnergies (France), and TASNEE (Saudi Arabia), among others. Get access to the latest updates on Polypropylene Compounds Companies and Polypropylene Compounds Market Size Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting Related Reports: Bio-polypropylene Market - Global Forecast to 2029 Plastic Compounds Market - Global Forecast to 2029 Polyhydroxyalkanoate (PHA) Market - Global Forecast to 2028 Polyamide Market - Global Forecast to 2030 Polyethylene Furanoate (PEF) Market - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Globe and Mail
4 days ago
- Business
- Globe and Mail
Inflation and Compliance Challenges Won't Stop Malaysia from Selling 10,000+ Construction Equipment Units by 2030
"Malaysia Construction Equipment Market Research Report by Arizton" The Industry Analysis Report Provides Market Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2025-2030 According to Arizton latest research report, the Malaysia construction equipment market size is experiencing rapid expansion, with 7.71 thousand units in 2024 projected to reach 10.84 thousand units by 2030, reflecting a CAGR of 5.83% during the forecast period. Report Scope: MARKET SIZE- VOLUME (2030):10.84 Thousand Units MARKET SIZE- VOLUME (2024): 7.71 Thousand Units CAGR- VOLUME (2024-2030): 5.83% MARKET SIZE- REVENUE (2030): USD 599.4 Million HISTORIC YEAR: 2021-2023 BASE YEAR: 2024 FORECAST YEAR: 2025-2030 EQUIPMENT TYPE: Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Equipment Hydrogen-Powered Machines Set to Soar- HD Hyundai, Kobelco, Sumitomo Lead Malaysia is advancing toward carbon neutrality by 2050, prompting a transformative shift in its energy sector. Hydrogen energy is emerging as a key alternative for electricity generation, energy system enhancement, and future industrial development. Aligned with its Net Zero mission, the Malaysian government aims to produce two million tonnes of clean hydrogen annually by 2030, emphasizing hydrogen's safety, efficiency, and low environmental impact. This push is driving construction equipment manufacturers to develop hydrogen, electric, and hybrid machinery. Notable innovations include HD Hyundai's HW155H hydrogen fuel cell-powered wheeled excavator (2025), Kobelco's fuel cell electric excavator prototype (2023), and Sumitomo Construction Machinery's 20-ton hydrogen engine hydraulic excavator demonstration (2025), showcasing hydrogen's viability for heavy construction projects. As hydrogen adoption grows, the market for green construction equipment is set to expand rapidly, supported by sustainability goals and regulatory incentives. Can Growth Survive Inflation and Compliance Pressures? Malaysia construction industry is navigating a challenging landscape, shaped by rising environmental compliance costs, escalating land prices, and persistent inflationary pressures. Targeted subsidies and the scarcity of prime land in urban hubs are driving project costs higher, while the sector's dependence on imported construction equipment leaves it vulnerable to global supply chain disruptions and trade tensions. Deeply integrated into global trade, exporting key products such as E&E components, machinery, medical instruments, and rubber, Malaysia is directly impacted by geopolitical shifts that can influence supply and pricing. Currency fluctuations, particularly a weaker ringgit, further increase procurement costs, eroding margins and straining project budgets. While these factors could weigh on the Malaysia construction equipment market, the outlook remains promising. The sector is projected for strong growth, under national development plans and rising demand for modern, efficient equipment. Malaysia Excavators Market on Track for 6.12% CAGR (2024-2030) Earthmoving equipment dominated the Malaysia construction equipment market in 2024, with excavators holding the largest share. This growth is fueled by the country's strong push for public infrastructure development, supported by major projects such as the MRT3 Circle Line, Pan Borneo Highway, and large-scale flood mitigation initiatives. These projects are not only improving connectivity and climate resilience but also attracting significant foreign direct investment. The excavator market in Malaysia is set for sustained growth at a CAGR of 6.12%. Demand is being driven by ongoing railway expansion plans, increasing government initiatives in building projects, and rising private investment, particularly in residential and high-rise mixed-use developments in Kuala Lumpur, Johor Bahru, and Penang. Urbanization trends, demographic shifts, and regional migration are further strengthening the property sector's outlook. Prominent Vendors Caterpillar Komatsu Volvo Construction Equipment Hitachi Construction Machinery Liebherr SANY Xuzhou Construction Machinery Group (XCMG) JCB Kobelco Zoomlion Heavy Industry Science & Technology Co., Ltd. Other Prominent Vendors HD Hyundai Construction Equipment Co.,Ltd. Liugong Machinery Co., Ltd. CNH Industrial N.V. Toyota Material Handling International SUMITOMO CONSTRUCTION MACHINERY CO., LTD. Shantui Construction Machinery Co., Ltd. DEVELON Tadano Ltd. Terex Corporation Manitou BOMAG GmbH KATO WORKS CO., LTD. SAKAI HEAVY INDUSTRIES, LTD. Takeuchi Manufacturing Co., Ltd. AIRMAN CORPORATION Bobcat KUBOTA Corporation JLG Distributor Profiles Sunway Marketing Sdn. Bhd. FHM Equipment Sdn Bhd UMW Equipment Sdn. Bhd TCIM SDN BHD UM Construction Equipment Sdn Bhd WDG Resources Sdn Bhd. Multico (M) Sdn Bhd Market Segmentation & Forecast Segmentation by Type Earthmoving Equipment Excavator Backhoe Loaders Wheeled Loaders Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers, Motor Graders) Road Construction Equipment Road Rollers Asphalt Pavers Material Handling Equipment Crane Forklift & Telescopic Handlers Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts) Other Construction Equipment Dumper Tipper Concrete Mixer Concrete Pump Truck Segmentation by End Users Construction Mining Manufacturing Others (Power Generation, Utilities, Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management) Other Related Reports that Might be of Your Business Requirement Australia Construction Equipment Market - Strategic Assessment & Forecast 2024-2029 Thailand Construction Equipment Market - Strategic Assessment & Forecast 2025-2030 What Key Findings Will Our Research Analysis Reveal? How big is the Malaysia construction equipment market? What is the growth rate of the Malaysia construction equipment market? Who are the key players in the Malaysia construction equipment market? What are the trends in the Malaysia construction equipment market? Which are the major distributor companies in the Malaysia construction equipment market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Global Wellness Tourism Market Expanding to Reach USD 954.11 Billion by 2030
"Global Wellness Tourism Market Research Report by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. According to Arizton latest research report, the global wellness tourism market growing at a CAGR of 9.90% during 2024-2030. Looking for More Information? Click: Report Scope: Market Size (2030): USD 954.11 Billion Market Size (2024): USD 1,680.97 Billion CAGR (2024-2030): 9.90% HISTORIC YEAR: 2021-2023 BASEYEAR: 2024 FORECAST YEAR: 2025-2030 LARGEST REGION (2024): North America FASTEST-GROWING REGION: APAC MARKET SEGMENTATION: Service Offerings, Travel Purpose, Travel Type, and Geography Growth of Nature-Based and Eco-Wellness Travel Driving Wellness Tourism Market The wellness tourism market is shifting toward nature-based, regenerative models, unlocking new revenue streams aligned with sustainability. Travelers increasingly favor immersive experiences in forests, coastal, and culturally rich settings that blend wellness with eco-conscious values. This drives growth in eco-wellness retreats, forest therapy, and regenerative resorts utilizing local resources and low-impact design. Governments and developers are advancing 'green and blue' initiatives, incorporating therapeutic gardens, wellness trails, and sustainable accommodations, to foster long-term, health-focused tourism growth. These strategies support mental well-being while enabling regions to differentiate through health-led destination branding. Rising Demand for Personalized and Holistic Wellness Solutions in Global Tourism Wellness tourism is shifting toward comprehensive, personalized health journeys that address physical, mental, and emotional well-being. Travelers are prioritizing stress management, longevity, and preventive health, resulting in growing demand for tailored wellness programs beyond traditional spa services. Offerings now increasingly include mental health therapies, customized dietary regimens, and integrated fitness solutions, often intersecting with medical tourism. This evolution encourages service providers to diversify their portfolios, enhance professional expertise, and design adaptable wellness experiences to meet diverse consumer needs. Integration of AI and Wearable Technology Transforming Wellness Tourism Experiences Technology is revolutionizing wellness tourism by enhancing personalization, accessibility, and data-driven experiences. AI-powered platforms and virtual wellness sessions offer seamless, tailored services, while wearable devices and apps enable real-time health monitoring of metrics like heart rate, sleep, and activity, promoting lasting wellness habits. Digital health innovations, telemedicine, and smart wearables are empowering travelers with greater control and deeper personalization. Emerging technologies such as AI, virtual reality, red-light therapy, and photo-biomodulation are shaping next-gen recovery solutions. A key trend is diagnostic wellness tourism, combining advanced assessments, genetic testing, metabolic analysis, DNA mapping, with traditional therapies, delivering more insightful and impactful wellness journeys. Key Market Developments in Wellness Tourism by Leading Hospitality Brands Marriott reinforces its leadership in large-scale holistic wellness with the upcoming 52-hectare wellness destination under the Autograph Collection in the Philippines, slated for launch in Q3 2025. This flagship project underscores Marriott's strategic focus on expansive, immersive wellness resorts. Hilton is expanding its wellness portfolio through strategic partnerships such as AutoCamp, while targeting multi-generational travelers with offerings that include connected rooms and youth-focused programs. These initiatives blend active and restorative travel experiences to engage a broader audience. Hyatt is advancing sustainability and cultural immersion through its eco-friendly wellness retreats. The brand is also pioneering technology-driven wellness solutions, investing in AI-powered personalized treatments and touchless therapies designed to meet the expectations of privacy-conscious and tech-savvy consumers. APAC Emerges as the Fastest-Growing Wellness Tourism Market with a CAGR of 13.32% The Asia-Pacific region is the fastest-growing wellness tourism market, driven by rising health awareness, the lasting impact of COVID-19, and increasing stress from fast-paced lifestyles. APAC's unique appeal lies in its rich cultural heritage, featuring ancient healing traditions like Ayurveda, Traditional Chinese Medicine, and Thai massage, alongside spiritual practices such as meditation and mindfulness. Governments are actively promoting wellness tourism as a key economic driver, launching wellness platforms and offering incentives to attract investments. Hospitality providers are responding by developing personalized wellness programs that integrate spa treatments, fitness, healthy cuisine, and mental wellness services. Nature-based activities like hiking, forest bathing, and eco-tours are also gaining popularity, meeting the growing demand for sustainable, immersive experiences. Download the full report for strategic insights, segment forecasts, and growth opportunities: Key Vendors Accor S.A. Four Seasons Hotels and Resorts Hilton Worldwide Holdings Hyatt Hotels Corporation InterContinental Hotels Group (IHG) Marriott International Radisson Hotel Group Other Prominent Vendors Alba Wellness Valley by Fusion Aman Group S.a.r.l. Ananda In The Himalayas Aro Hā Bhutan Spirit Sanctuary Blue Lagoon Iceland Brenner's Park-Hotel & Spa Canyon Ranch Chiva-Som Clinique La Prairie COMO Shambhala Euphoria Retreat (Greece) Gaia Retreat & Spa (Australia) Golden Door Kamalaya Wellness Sanctuary (Thailand) Lake Austin Spa Resort (Texas, USA) Lanserhof Group (Germany) Mandarin Oriental Hotel Group Mekosha Ayurveda Spasuites Retreats Niraamaya Wellness Retreats Omni Hotels & Resorts Palazzo Fiuggi (Italy) Preidlhof Luxury Dolce Vita Resort (Italy) Rancho La Puerta Red Carnation Hotels Red Mountain Resort Rosewood Hotels and Resorts Santani Wellness Resort (Sri Lanka) SHA Wellness Clinic Soneva Resorts (Maldives & Thailand) Thanyapura Sports & Health Resort (Thailand) The Asclepius Wellness Pvt. Ltd. The Body Holiday (Saint Lucia) The Ranch Malibu Vana Retreats (India) Vilalara Longevity Thalassa & Medical Spa (Portugal) Wellness Retreats Thailand Y01 Health Resort (New York, USA) Market Segmentation & Forecast Service Offerings Lodging Food & Beverage Wellness Activities In-country Travel Shopping Other Services (Including Concierge, Telecommunications, Travel Agent Services, Insurance, Etc.) Travel Purpose Secondary Wellness Traveler Primary Wellness Traveler Travel Type Domestic International Geography North America US Canada Europe Germany UK France Italy Swtizerland APAC China Japan India South Korea Australia Latin America Brazil Mexico Argentina Middle East & Africa Turkey UAE Saudi Arabia Other Related Reports that Might be of Your Business Requirement Global Cruise Tourism Market - Focused Insights 2024-2029 Global Health & Wellness Spa Market - Focused Insights 2025-2030 What Key Findings Will Our Research Analysis Reveal? How big is the global wellness tourism market? What is the growth rate of the global wellness tourism market? Who are the major players in the global wellness tourism market? What are the key drivers of the global wellness tourism market? Which region shows the highest growth in the global wellness tourism market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Global Wellness Tourism Market Revenue to Worth USDUSD 954.11 Billion by 2030, Driven by Holistic Health Demand
"Global Wellness Tourism Market Research by Focus Report store" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. According to recent research by Focus Reports, the global wellness tourism market is projected to grow from USD 954.11 billion in 2024 to USD 1,680.97 billion by 2030 registering a CAGR of 9.90% during the forecast period. This high-growth sector is fueled by rising consumer awareness of holistic health, demand for self-care, and the long-term effects of pandemic-era lifestyle shifts. As travelers seek more personalized, immersive, and health-driven experiences, wellness tourism is evolving, blending advanced technology, nature-based healing, and cultural authenticity. From AI-powered diagnostics to eco-retreats and luxury wellness resorts, brands are racing to innovate in a space expected to exceed the trillion-dollar mark globally. Report Scope: Market Size (2030): USD 954.11 Billion Market Size (2024): USD 1,680.97 Billion CAGR (2024-2030): 9.90% HISTORIC YEAR: 2021-2023 BASEYEAR: 2024 FORECAST YEAR: 2025-2030 LARGEST REGION (2024): North America FASTEST-GROWING REGION: APAC MARKET SEGMENTATION: Service Offerings, Travel Purpose, Travel Type, and Geography Wellness Tourism Market Enters High-Growth Phase: Driven by Tech Integration Technology is reshaping wellness tourism, making it more personalized, accessible, and data driven. From AI-powered booking platforms to virtual yoga and meditation sessions, travellers now enjoy seamless access to wellness services tailored to their needs. The integration of wearable devices and wellness apps, such as fitness trackers and meditation tools, allows tourists to monitor real-time health metrics like heart rate, sleep, and activity levels, encouraging lasting wellness habits. Innovations in digital health, telemedicine, and wearable tech are driving this transformation, offering travellers more control over their experiences. Looking ahead, the industry is embracing AI, virtual reality, and immersive health tools to deepen personalization. Recovery-focused solutions are also evolving, with smart wearables tracking stress, sleep, and movement, while therapies like red-light therapy and photo-biomodulation gain traction. A notable shift is the rise of diagnostic wellness tourism, where travellers undergo advanced assessments, including genetic testing, metabolic analysis, and DNA mapping, alongside traditional wellness therapies. This convergence of tech and health is empowering travellers with deeper insights and a more meaningful wellness journey. Eco-Wellness Tourism: A Growing Market at the Intersection of Sustainability and Healing The wellness tourism market is undergoing a strategic shift toward nature-based and regenerative models, creating new revenue streams aligned with sustainability goals. Travelers increasingly seek immersive experiences in forests, coastal zones, and culturally rich landscapes, combining wellness with eco-conscious values. This demand is fueling the rise of eco-wellness retreats, forest therapy programs, and regenerative resorts that use local resources and low-impact infrastructure. Governments and developers are responding with 'green and blue' initiatives that integrate therapeutic gardens, wellness trails, and sustainable accommodations, laying the groundwork for long-term, environmentally aligned tourism growth. These models not only support recovery and mental well-being but also offer scalable frameworks for regions looking to differentiate through health-led destination branding. Global Hospitality Leaders Redefine Wellness Tourism to Stay Ahead in a Competitive Market As the $1T+ global wellness tourism market rapidly evolves, leading hospitality brands are differentiating through innovation, cultural integration, and tech-driven personalization. With over 42 major players competing in this space, generic spa offerings are no longer enough to capture discerning travelers. Marriott is doubling down on large-scale wellness with a 52-hectare holistic resort set to launch under its Autograph Collection in the Philippines by Q3 2025. Hilton is expanding its wellness portfolio through experiential partnerships like AutoCamp and multi-generational offerings that blend active and restorative travel. Meanwhile, Hyatt is embedding sustainability and cultural immersion into its wellness retreats, while also investing in AI-powered treatments and touchless therapies for privacy-conscious, tech-savvy guests. In a market shaped by authenticity and innovation, brands that blend local traditions, natural settings, and advanced wellness technologies are best positioned to lead and scale, in this highly competitive landscape. North America Leads Global Wellness Tourism—Driven by High Spending and Strategic Promotion North America remains the dominant force in the global wellness tourism market, accounting for over 42% of the industry's value in 2024. The region's leadership is fueled by significantly higher average spending per trip, as North American wellness travelers consistently outspend their counterparts in Europe and APAC. This strong preference for premium wellness experiences has created a robust market for upscale retreats, therapeutic travel, and integrated wellness services. Recognizing this potential, governments across the U.S. and Canada are actively promoting wellness tourism. More than one-third of U.S. states, particularly in the West, highlight attractions like natural hot springs and spas on official tourism portals. Similarly, a majority of Canadian provinces are weaving wellness into their destination marketing strategies. Key Vendors Accor S.A. Four Seasons Hotels and Resorts Hilton Worldwide Holdings Hyatt Hotels Corporation InterContinental Hotels Group (IHG) Marriott International Radisson Hotel Group Other Prominent Vendors Alba Wellness Valley by Fusion Aman Group S.a.r.l. Ananda In The Himalayas Aro Hā Bhutan Spirit Sanctuary Blue Lagoon Iceland Brenner's Park-Hotel & Spa Canyon Ranch Chiva-Som Clinique La Prairie COMO Shambhala Euphoria Retreat (Greece) Gaia Retreat & Spa (Australia) Golden Door Kamalaya Wellness Sanctuary (Thailand) Lake Austin Spa Resort (Texas, USA) Lanserhof Group (Germany) Mandarin Oriental Hotel Group Mekosha Ayurveda Spasuites Retreats Niraamaya Wellness Retreats Omni Hotels & Resorts Palazzo Fiuggi (Italy) Preidlhof Luxury Dolce Vita Resort (Italy) Rancho La Puerta Red Carnation Hotels Red Mountain Resort Rosewood Hotels and Resorts Santani Wellness Resort (Sri Lanka) SHA Wellness Clinic Soneva Resorts (Maldives & Thailand) Thanyapura Sports & Health Resort (Thailand) The Asclepius Wellness Pvt. Ltd. The Body Holiday (Saint Lucia) The Ranch Malibu Vana Retreats (India) Vilalara Longevity Thalassa & Medical Spa (Portugal) Wellness Retreats Thailand Y01 Health Resort (New York, USA) Market Segmentation & Forecast Service Offerings Lodging Food & Beverage Wellness Activities In-country Travel Shopping Other Services (Including Concierge, Telecommunications, Travel Agent Services, Insurance, Etc.) Travel Purpose Secondary Wellness Traveler Primary Wellness Traveler Travel Type Domestic International Geography North America US Canada Europe Germany UK France Italy Swtizerland APAC China Japan India South Korea Australia Latin America Brazil Mexico Argentina Middle East & Africa Turkey UAE Saudi Arabia Other Related Reports that Might be of Your Business Requirement Global Cruise Tourism Market - Focused Insights 2024-2029 U.S. Health & Wellness Spa Market-Focused Insights 2024-2029 What Key Findings Will Our Research Analysis Reveal? How big is the global wellness tourism market? What is the growth rate of the global wellness tourism market? Who are the major players in the global wellness tourism market? What are the key drivers of the global wellness tourism market? Which region shows the highest growth in the global wellness tourism market? About Focus Reports Welcome to Focus Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is outdated. We aim to be strategic, providing valuable data.
Yahoo
15-07-2025
- Business
- Yahoo
Technical Textiles Market worth $324.83 billion in 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., July 15, 2025 /PRNewswire/ -- The report "Technical Textiles Market by Material (Natural Fiber, Synthetic Polymer, Metal, Mineral, Regenerated Fiber), Process (Woven, Knitted, Non-woven), Application (MobilTech, InduTech, SporTech, BuildTech, HomeTech, ClothTech, MediTech, AgroTech, ProTech, PackTech, OekoTech, GeoTech), and Region – Global Forecast to 2030", technical textile market is expected to reach USD 324.83 billion in 2030 from USD 247.06 billion in 2025, at a CAGR of 5.6% from 2025 to 2030. Browse in-depth TOC on "Technical Textiles Market" 352 – Tables34 – Figures261 – Pages Download PDF Brochure: The global demand for technical textiles is on the rise, driven by their enhanced functional properties and a widening array of applications across various industries. Unlike conventional textiles, technical textiles are meticulously engineered for optimal performance, exhibiting key characteristics such as strength, durability, thermal resistance, chemical resistance, and moisture management. These attributes render them indispensable in sectors and industries such as automotive, construction, healthcare, agriculture, defense, and sports. The growing focus on safety and hygiene is propelling the demand for products such as personal protective equipment (PPE), medical textiles, and filtration materials. Concurrently, increased industrialization and infrastructure development—particularly in emerging economies—are amplifying the need for geotextiles, insulation fabrics, and reinforcement materials. Technological advancements, such as the emergence of smart textiles and sustainable fibers, are further broadening the scope and enhancing the efficiency of technical textiles. Additionally, government initiatives that promote industrial growth, safety standards, and environmental protection are significantly contributing to market expansion. As industries increasingly seek innovative, cost-effective, and high-performance materials, technical textiles are establishing a more prominent position in global markets. Technical textiles are mainly used in MediTech, AgroTech, BuildTech, MobilTech, ClothTech, OekoTech, GeoTech, PackTech, HomeTech, ProTech, InduTech, SporTech, and other applications. They are made of natural fiber, synthetic polymer, mineral, metal, and regenerated fiber. Natural fiber segment to register highest CAGR in terms of value during forecast period Natural fibers have rapidly become the leading materials in the technical textiles market, driven by a global commitment to sustainability, heightened environmental awareness, and a growing preference for biodegradable and renewable options. As industries recognize the adverse impact of synthetic fibers, there is a marked shift towards natural alternatives such as cotton, jute, flax, hemp, and coir. These materials present significant advantages, including a lower carbon footprint, recyclability, and decreased reliance on fossil fuels. Recent technological advancements have further improved the functional performance of natural fibers, enabling them to conform to the stringent requirements for strength, durability, and resistance in various technical textile applications. Key sectors such as agriculture, packaging, construction, and automotive are increasingly adopting natural fiber-based textiles as part of their environmentally sustainable initiatives. Additionally, supportive government policies and an evolving consumer preference for green and sustainable products are reinforcing this growth trajectory. As industries increasingly embrace circular economy practices, natural fibers are positioned as a preferred choice, substantially driving their expansion within the technical textiles market. Request Sample Pages: Non-woven segment to exhibit highest CAGR in terms of value during forecast period The non-woven process segment represents the most rapidly expanding area within the technical textiles market, primarily attributed to its versatility, cost-effectiveness, and adaptability for various high-performance applications. Non-woven textiles are produced through a combination of mechanical, thermal, or chemical processes, circumventing the traditional methods of weaving or knitting. This production method allows for swift manufacturing and the customization of functional properties such as absorbency, filtration, durability, and barrier protection. As a result, non-woven textiles are particularly well-suited for sectors including healthcare (notably in the production of surgical masks, gowns, and wipes), hygiene (such as diapers and sanitary products), agriculture, automotive, and construction. The onset of the COVID-19 pandemic significantly intensified the demand for disposable medical and hygiene items, underscoring the critical role of non-woven fabrics in these contexts. Moreover, ongoing advancements in biodegradable and recyclable non-woven materials are in line with increasing environmental awareness and sustainability objectives. The capacity for customization and the incorporation of smart functionalities further elevate their market potential. As industries increasingly prioritize efficiency, safety, and environmental stewardship, non-woven processes are positioned to become a foundational element of technical textile production. OekoTech segment to record highest CAGR in terms of value during forecast period The OekoTech application has emerged as a leading growth segment within the technical textiles market, driven by an increasing global focus on sustainability, pollution mitigation, and eco-friendly innovations. This category encompasses textiles utilized in various environmental protection applications, including filtration systems, erosion control, waste management, air and water purification, and noise attenuation. As environmental regulations become more stringent across multiple sectors, the demand for efficient, durable, and environmentally safe materials has surged. OekoTech textiles are particularly advantageous for industrial filtration systems, geotextiles in sustainable construction practices, and non-woven barriers employed in environmental restoration efforts. The escalating concerns regarding climate change, urban pollution, and industrial waste management are prompting both public and private sectors to embrace greener technologies. Furthermore, advancements in biodegradable and recyclable technical textiles are facilitating the transition toward a circular economy. These factors position OekoTech as one of the most rapidly expanding segments within the technical textiles landscape. Request Customization: Asia Pacific to register highest CAGR in terms of value and volume during forecast period Asia Pacific has emerged as the fastest-growing market for technical textiles, driven by rapid industrialization, urbanization, and significant investments in infrastructure and manufacturing across key countries such as China, India, Japan, and South Korea. This region benefits from a large and cost-effective labor force, abundant raw materials, and supportive government initiatives that foster the development of textile and industrial sectors. Heightened awareness of the advantages of technical textiles, combined with increasing demand from various industries—including automotive, construction, agriculture, healthcare, and packaging—is propelling market growth. The escalating need for personal protective equipment (PPE), particularly following recent health crises, has notably intensified demand for high-performance textiles in the region. Technological advancements, the expansion of domestic production capacities, and a rise in exports are additional factors contributing to this growth trajectory. As the Asia Pacific region continues to solidify its status as a global manufacturing hub, its influence within the technical textiles market is poised for rapid expansion. Key players Prominent companies include Asahi Kasei Corporation (Japan), DuPont (US), Freudenberg Performance Materials (Germany), Berry Global Inc. (US), KCWW (US), 3M (US), Ahlstrom (Finland), TORAY INDUSTRIES, INC. (Japan), Mitsui Chemicals, Inc. (Japan), Milliken (US), Toyobo Textile Co., Ltd. (Japan), SRF Limited (India), TenCate Protective (Netherlands), W. Ball & Son Limited (UK), HUESKER (Germany), SKAPS Industries (US), Delcotex (Germany), Officine Maccaferri S.p.A. (Italy), Arrow Technical Textiles Pvt. Ltd. (India), Johns Manville (US), Duvaltex (Canada), Heathcoat Fabrics Limited (UK), Khosla Profil Pvt. Ltd. (India), Nikol Advanced Materials Pvt. Ltd. (India), and Nobletex Industries Ltd. (India). Get access to the latest updates on Technical Textiles Companies and Technical Textiles Market Size Browse Adjacent Market: Yarns, Fabric and Textile Market Research Reports & Consulting Related Reports: Textile Chemicals Market - Global Forecast to 2026 Silicone Market - Global Forecast to 2029 Steel Rebar Market - Global Forecast to 2030 Water Reuse Market - Global Forecast to 2028 Cross Laminated Timber Market - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. 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