Technical Textile Market Will Grow at a Cagr of More Than 4.0% from 2015 to 2022 – by Market Research Engine

Technical Textile Market Will Grow at a CAGR of more than 4.0% from 2015 to 2022 – by Market Research Engine

The global technical textile market accounted for US$ 155.5 Bn in 2014 and it is expected to expand at a CAGR of more than 4% over the forecast period 2015-2022.

New York, March 13: Market Research Engine has published a new report titled as “Technical Textile Market By Application, By Technology, By Type and By Geography - Global Industry Analysis and Forecast 2015 – 2022”.

Browse Full Report here: http://www.marketresearchengine.com/reportdetails/technical-textiles-market

The research reports covers detailed description of the global technical textiles market based on volume share (kilo tons) and revenue (USD million) for the period 2015 to 2022. The report highlights the factors contributing towards the growth of the market and the restraints that impede the market. The report also includes a detailed section on raw material analysis related to technical textiles market. The report also explains the competitive landscape with company market shares of key market players. Detailed forecasts for the years 2015-2022 for technical textiles have been given separately, for better understanding of the market scenario.

Technical textiles are high performance textiles that are used due to their superior properties and functionality over regular textiles. The demand for these products has increased over the past few years due to the increasing application base in various end-user industries such as healthcare, agriculture, construction, clothing, packaging, sportswear and sports equipment, automotive, environmental protection and other such areas. The technical textiles market is believed to be one of the most innovative branches of industry across the world and has been reported to be among the top five technology intensive markets with a great potential for advancement.

Technical textiles can be divided into many categories, depending on their end...