Product Innovations and Expanding Scope of Applications Fuel the Global Technical Textiles Market Growth, Reports Melvin Bright
NEWPORT NEWS, Va., Nov. 16, 2018 /PRNewswire/ -- The global Technical Textiles market is projected to exceed $225 billion by 2025. The growth in the market would be primarily driven by rapid technological advances which are fuelling development of advanced technical textiles. These next generation technical textiles are witnessing rapid adoption in new application and end-use markets.
There has been a growing need to improve the efficacy of the technical textile industry operations in the recent years and this has led to the development of next generation technical textiles. The superior strength, durability, technical performance and versatility of these technical textiles have enabled their use in numerous domestic, commercial and industrial applications. The textile industry's persistent efforts aimed at improving the efficacy of technical textile products are driving the market growth.
Strong growth in automotive industry in the emerging economies of Asia-Pacific region is expected to drive the global technical textiles market growth through 2025. In addition, the growing use of technical textiles in construction and electronics industry applications is also expected to drive the market growth. Consumer electronics applications are expected to see strong growth in consumption of technical textiles over the next few years. Advent of new technical textiles and rising demand for geotextiles and nonwoven technical textiles in varied end-use market segments augur well for the technical textiles market growth.
Above findings are part of a comprehensive analysis of global technical textiles market published by Melvin Bright which provides insights into key market segments such as mobile textiles, automotive textiles, hometech textiles, medical textiles, industrial textiles, sports textiles, construction textiles, agro textiles, packaging textiles, environmental textiles, geotextiles, e-textiles and domestic textiles, among others. It also covers material markets such as polyether ether ketone (PEEK), polytetrafluoroethylene, polyester, polyethylene, polypropylene, ethylene tetrafluoroethylene (ETFE), polyamide, poly benzimidazole (PBI), ultra high molecular weight polyethylene (UHMWPE), synthetic fibers, specialty fibers, natural fibers, textile chemicals, and colorants, among others. The study provides granular market information on the above market segments for all the major regional and country markets. The complete study can be availed at – https://melvinbright.com/report/details/global-technical-textiles-market-analysis-global
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Shrinivas Mese
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SOURCE Melvin Bright
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