DUBLIN--(BUSINESS WIRE)--The "Technical Textile Market by Material, by Process, by Application, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The technical textile market is estimated at USD 165.51 billion in 2017 and is projected to reach USD 220.37 billion by 2022, at a CAGR of 5.89%.
Factors such as improving economic conditions of countries, technology advancement, and increasing end-use applications are expected to drive the technical textile market in the future. Increasing demand from end-use industries such as healthcare, construction, clothing, packaging, sportswear & sports equipment, automotive, environmental protection, and other such areas is expected to drive the overall technical textile market growth from 2017 to 2022.
Based on application, the mobiltech segment is projected to grow at the highest CAGR during the forecast period. The availability of modern healthcare facilities to the global population is driving the demand for efficient non-woven technical textile products as they provide higher performance as compared to that of the traditional paper-based products.
The Asia Pacific technical textile market is projected to grow at the highest CAGR between 2017 and 2022. China dominated the Asia Pacific technical textile market in 2016 and is projected to grow at the highest CAGR during the forecast period. The demand for technical textile is expected to be fueled by rapid urbanization in emerging economies such as India and China.
- Asahi Kasei
- Berry Global Group
- Freudenberg & Co.
- International Textile Group
- Koninklijke Ten Cate
- Low & Bonar
- Milliken & Company
- Mitsui Chemicals
- SRF Limited
- Toyobo Co.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technical Textile Market, By Material
7 Technical Textile Market, By Process
8 Technical Textile Market, By Application
9 Technical Textile Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/2sx7tf/global_technical?w=4