The global market for technical textiles is projected to reach US$ 211.8 billion by 2024, driven by the robust growth in construction and infrastructure projects, increasing automobile production, and rising demand from the healthcare sector. Stringent government legislations mandating the use of geosynthetics in infrastructure development projects will continue to provide regulatory driven stability to demand patterns in the market. Rapid urbanization and industrialization, expanding manufacturing base, rising income levels and increased consumption of manufactured goods represent other macroeconomic factors that bode well for market growth.
The market research company Research and Markets Ltd., Dublin/Ireland, has released the Technical Textiles – Global Strategic Business Report 2017, which analyzes the worldwide markets for technical textiles. The global market is further analyzed by the application segments: mobile textiles, medical textiles, industrial textiles, sports textiles, construction textiles, residential textiles, clothing textiles, agro textiles, and others.
The report profiles 134 companies including many key and niche players, and provides separate comprehensive analytics for the USA, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a 5-year historic analysis is provided for these markets.