Site icon Fact.MR Blog

Worldwide Demand For Technical Textile Market Size Is Expanding At A CAGR Of 5.3% Over The Next Ten Years

download 2022 08 22T142026.156

As per latest market analysis on technical textiles by Fact.MR, the global market is projected to be valued at US$ 220 Bn by 2022-end, and expand at a CAGR of around 5.3% over the forecast period of 2022-2032. Additionally, Fact.MR, a market research and competitive intelligence provider, estimates technical textile market valuation to surpass US$ 370 Bn by 2032, attributed to factors such as growing demand in high-growth industries such as automotive, aerospace, and construction.

The technical textile business is highly fragmented, mainly due to the presence of numerous manufacturers involved in the production of these textiles. Technical textiles have gained substantial traction in the automotive industry as a material used in the manufacturing of interior trims. Additionally, technical textile manufacturers are focussing on innovation, development of specialty fibres, and R&D to gain a competitive edge in the market.

For more insights into the Market, Request a Sample of this Report:-

Prominent Key players of the Technical Textile market survey report:

Key Segments Covered in Technical Textile Industry Survey

Competition Landscape

3M Company, Ahlstrom Corporation, Arville Textiles Ltd, Asahi Kasei, Avintiv, Baltex, Berry Global, and Dickson-Constant are some of the key manufacturers of technical textile products.

Latest high-tech fabric market developments include:

Fact.MR has provided detailed information about the price points of top manufacturers of tech textiles positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.


Exit mobile version