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Technical textiles to grow by four per cent, Asia-Pacific to be largest market

The global technical textile market is likely to grow at a CAGR of 4.7 per cent over the next 10 years. By that time Asia-Pacific will be the world’s largest market for technical textiles. It has been estimated more than 50 per cent of global technical textile revenues will be earned by the Asia-Pacific region. The infrastructural development of this region increases the demand for technical textiles.

The meditech segment is projected to soar in the coming years because of its application in the areas of patient clothing and surgical equipment. By 2027 this segment is projected to show a rise of 4.9 per cent CAGR.

Demand for geotextiles is also increasing. These are being used in civil engineering, geotechnical and environmental design. Rise in civil engineering activities is also expected to promote the uptake of this material in the near future.

Companies like DuPont, Low and Boar, Ahlstrom, 3M, Avintiv, Arville Textiles, Milliken, Dickson-Constant, Baltex and Freudenberg are playing a leading role in the technical textile market. Possible chances of newcomers in the global market are likely to intensify the overall competition. Players are expected to focus on delivering customized solutions in the years to come to widen their consumer base.