The Technical Textiles Market will exhibit a CAGR of 2.7% and reach USD USD 195.36 Billion by 2026, and the market value as per 2018 was USD 159.29 billion.
Fortune Business Insights™ titled, “Technical Textiles Market Size, Share & Industry Analysis, By Product Type (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Medtech, Mobiltech, Packtech, Protech, Sporttech and Oekotech), By Fiber Type (Natural Fiber and Synthetic Fiber), By Product Form (Fabric, Fiber, and Yarn) and Regional Forecast, 2019-2026.
The Technical Textiles Market Drivers and Restraints:
The increasing demand from applications such as cleaning and conveying industrial equipment, agriculture and horticulture, environmental protection, sport and leisure, household furnishing and coverings, packaging industry, and personal protective equipment among others, serves as the key technical textiles market growth driver. Besides this, the multi-dimensional properties such as high versatility, strength, durability, and lightweight will also boost the market. In addition to this, the high chemical, mechanical, and thermal resistance properties of these textiles will aid in the expansion of the market in the forecast period.

List of Significant Manufacturers in Technical Textiles Market are:

• Freudenberg Group
• TenCate Fabrics
• Arrow Technical Textiles Private Limited
• SKAPS Industries
• SRF Limited
• International Fibres Group
• DuPont de Nemours, Inc.
• Strata Geosystems
• Terram (Berry Global)
• Johns Manville
• PPSS Group
• Officine Maccaferri S.p.A.
• Asahi Kasei company
• Milliken & Company
• Other Vendors

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Some of the key industry developments in the Technical Textiles Market Include:

February 2020 – The company manufacturing advanced textile called Quantum Materials invested USD 3.5 million to expand its production in the U.S by manufacturing high quality woven textile solutions.

March 2020 – PPSS Group launched its latest black version of Cut- Tex Pro fabric, the soft, dependable, and durable cut resistance fabric to be used as a workwear uniform in manufacturing industries.