DUBLIN–(BUSINESS WIRE)–The “Technical Textiles – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Technical Textilesis projected to reach US$217.7 billion by 2025, driven by the robust growth in construction and infrastructure projects, increasing automobile production, and rising demand from the healthcare sector.
Stringent government legislations mandating the use of geosynthetics in infrastructure development projects will continue to provide regulatory driven stability to demand patterns in the market.
Rapid urbanization and industrialization, expanding manufacturing base, rising income levels and increased consumption of manufactured goods represent other macroeconomic factors that bode well for market growth.
Continuous development of new and advanced technical textiles especially flexible materials; breakthroughs in polymer and fiber science; development of newer and more efficient processing technologies; growing clout of nanotechnology in textile innovation and expanding research budgets for textiles, all represent factors vital for shaping future growth in the market.
In the automobile and aircraft industry, the growing pressure to replace steel is driving interest in technical fabrics such as fiber-based composites. In the healthcare industry, wound closure, regenerative medicine and electrical stimulation will offer lucrative growth opportunities for medical grade technical…
