Technical Textiles Market Future Growth Leading Segments, Growth Drivers With Outlook And Opportunity Forecast To 2022
Industry Insights The technical textiles industry was valued around USD 143.75 billion in 2014, owing to increasing diverse end use applications. Technical textile is mainly developed to fulfill non-aesthetic functions such as safety and comfort. Molded with advanced technology to perform the specific function such as a shield for humans in extreme weather conditions, these types of textiles are named in various ways such as technical textile, industrial textile, and functional textile. Major factors that are expected to influence the industry include the technological breakthrough in medical textiles to amplify opportunities for surgical and diagnostic tools. Also, growing demand for geotextiles in anticipated to be yet another driver for the market. Developing markets of the Asia Pacific, Middle East, and Latin American region are expected to drive product demand, especially in the automotive industry in the regions. Technical textiles are used for the construction of transporta...