Global Technical Textiles Market to Reach $217.8 Billion by 2025
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Monday, March 28, 2022
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SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Technical Textiles - Global Market Trajectory & Analytics" .
Key Points:
- SAN FRANCISCO, March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Technical Textiles - Global Market Trajectory & Analytics" .
- Amid the COVID-19 crisis, the global market for Technical Textiles estimated at US$189.2 Billion in the year 2022, is projected to reach a revised size of US$217.8 Billion by 2025, registering a compounded annual growth rate (CAGR) of 5.0% over the analysis period.
- Europe represents the largest regional market for Technical Textiles, accounting for an estimated 28.8% share of the global total.
- Rising demand for building textiles, increasing demand for nonwoven technical textiles and the growing use of technical textiles in electronics industry also augur well for the market's growth.