According to a report by ResearchAndMarkets.com, the global technical textile market is expected to grow at CAGR of 8.0% within the forecast period of 2021 to 2029.
The demand for textiles is increasing and consumers are expecting higher quality textiles with sustainable properties. These textiles are known for their superior characteristics over their traditional equivalents and are utilized for specific functionalities.
A major advance in textiles technology was the invention of polyamide, more commonly known as nylon. This synthetic material can be pulled into very thin strands when heated and spun like natural textiles and is now used extensively as a fabric in clothing.
Synthetic polymer has played a vital role in the textile industry because of its dynamic properties and sustainable material. According to the report, synthetic polymer accounted for 60% of the technical textile market in 2019 and is projected to grow significantly in the future.