According to the ‘Technical Textile Market: Global Industry Analysis and Opportunity Assessment 2015-2020’ report, by Future Market Insights (FMI), the global technical textile market is anticipated to grow at a CAGR of 4.5 per cent during the forecast period. The promising growth of the technical textile market is attributed to its versatile nature as a raw material for use in various products, such as automotive carpets, geo grids, aprons, and gloves. The trend of growth is pronounced in emerging economies of the world, such as Brazil, India, Russia and China as healthy trade relations and government support in these regions has served to boost technical textile export-import activities, the report asserts.
