The global technical textile market is expected to reach $244,032 million by 2022 from $158,429 million in 2015 with a CAGR of 6.4 per cent from 2016 to 2022. The market is driven by increasing demand for hometech textile and mobiltech textile. The application of technical textile in mobiltech segment is crucial, as it reduces the weight of vehicles by providing light advanced material that is strong and durable. The Asia-Pacific region generated the highest revenue in 2015, which is expected to grow at CAGR of 7.8 per cent from 2016 to 2022. Asia-Pacific is expected to maintain its dominant position during the forecast period.Europe and North America are the second and third leading regions in the technical textile market respectively.

The global technical textile market is segmented based on type, end user industry, and geography. Based on type, the technical textile market is segmented into nonwoven, composites, and others (weaving, knitting and braiding).