The global technical textile market was valued at $234,715 million in 2017, and is projected to reach $334,938 million by 2025, growing at a CAGR (compound annual growth rate) of 4.5% from 2018 to 2025.
(https://www.transparencymarketresearch.com/images/global-technical-textiles-market-volumes-share-by-end-user-2011-and-2018.png)
Technical textiles are the functional fabrics, which find applications across multiple end-use industries such as automobile, construction, and others. These materials exhibit enhanced performance as compared to conventional textiles. The technical textile materials include several natural and synthetic fibers such as Saran, Vinalon, Vinyon, Spandex, Modal, Twaron, Kevlar, Nomex, and others. Most of these fibers have multiple applications, owing to their properties such as high strength, enhanced mechanical resistance, superior insulation, elevated tenacity, and high thermal resistance. Synthetic fibers that are used for these applications are manufactured from natural fibers. In this process, natural fibers are treated with special materials to acquire physical properties of a technical textile. These fibers possess enhanced strength as compared to man-made fibers, and hence are widely used not only in the manufacturing of apparels but also in various applications such as automotive, medical, and others.