Technical Textiles Market Progresses for Huge Profits During 2027Posted by Pradnya Kulkarni on November 3rd, 2017 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. While the global market for technical textiles is projected to grow at below average pace and register a value CAGR of 4.6%, the demand for technical textiles is likely to gain traction across Asia-Pacific countries such as India and China, among others. According to the report, more than 50% of global technical textiles revenues will be accounted by the Asia-Pacific region. While the Asia-Pacific technical textiles market will registers rampant expansion at value CAGR of 6.8%, regions such as North America, Western Europe, Eastern Europe, and Middle East & Africa will showcase sluggish growth through 2027. Sales of technical textiles in Latin America, on the other hand, are likely to depict a relatively favourable growth at 4.5% CAGR. Companies such as E.I. du Pont de Nemours and Company, Low and Boar PLC, Ahlstrom Corporation, 3M Company, Avintiv, Arville Textiles Ltd., Milliken and Company, Dickson-Constant, Baltex, and Freudenberg & Co. KG are profiled in the report as key players of global technical textiles market. The report also reveals that over 20% of technical textiles produced in the world are procured for mobiltech applications. Demand for technical textiles is also expected to remain high across buildtech, indutech, meditech, geotech and oekotech applications. With respect to process used for manufacturing technical textiles, more than 45% of technical textiles produced across the globe will be non-woven by end of 2027. And, this segment is likely to exhibit a value CAGR of more than 5%. Checkout page https://www.futuremarketinsights.com/checkout/286 Like it? Share it! More by this author |