Technical textile market growing

According to the Global Technical Textile Market – Forecasts from 2019 to 2024, a report by ResearchAndMarkets.com, the global technical textile market is projected to grow at a CAGR of 5.16 percent to reach $244.172 billion by 2024, from $180.579 billion in 2018. Increasing industrialization and development of emerging countries is driving technical textile market growth. Industries such as automotive, construction, health care and packaging are contributors.