Technical Textiles Market expected to grow at a CAGR of 4.6% during 2017-2027
Future Market Insights’ recent report on global technical textiles market projects that Asia-Pacific will be observed as the world’s largest market for technical textiles during the forecast period, 2017-2027. The report values the global technical textiles market at little less than US$ 166 Bn, and anticipates it to reach US$ 260.3 Bn by the end of 2027.
Future Market Insights’ recent report on global technical textiles market projects that Asia-Pacific will be observed as the world’s largest market for technical textiles during the forecast period, 2017-2027. The report values the global technical textiles market at little less than US$ 166 Bn, and anticipates it to reach US$ 260.3 Bn by the end of 2027.
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<strong>Technical</strong> <strong>Textiles</strong> <strong>Market</strong><br />
Companies such as E.I. du Pont de Nemours and Company, Low and Boar PLC, Ahlstrom Corpor<strong>at</strong>ion, 3M<br />
Company, Avintiv, Arville <strong>Textiles</strong> Ltd., Milliken and Company, Dickson-Constant, Baltex, and Freudenberg<br />
& Co. KG are pr<strong>of</strong>iled in the report as key players <strong>of</strong> global technical textiles market. The report also<br />
reveals th<strong>at</strong> over 20% <strong>of</strong> technical textiles produced in the world are procured for mobiltech applic<strong>at</strong>ions.<br />
Demand for technical textiles is also <strong>expected</strong> <strong>to</strong> remain high across buildtech, indutech, meditech,<br />
geotech and oekotech applic<strong>at</strong>ions. With respect <strong>to</strong> process used for manufacturing technical textiles,<br />
more than 45% <strong>of</strong> technical textiles produced across the globe will be non-woven by end <strong>of</strong> <strong>2027</strong>. And,<br />
this segment is likely <strong>to</strong> exhibit a value <strong>CAGR</strong> <strong>of</strong> more than 5%.<br />
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