Technical textiles market size in Europe to grow by USD 8.5 billion, Growing demand in the healthcare industry to boost market - Technavio
NEW YORK, Feb. 15, 2023 /PRNewswire/ -- According to Technavio, the technical textiles market size in Europe is estimated to grow by USD 8.5 billion from 2022 to 2027.
- NEW YORK, Feb. 15, 2023 /PRNewswire/ -- According to Technavio, the technical textiles market size in Europe is estimated to grow by USD 8.5 billion from 2022 to 2027.
- Technavio has segmented the market based on applications (Mobiltech, Indutech, Sporttech, Buildtech, and Others) and products (Woven, Composites, and Nonwoven).
- The automotive industry is the sole consumer of technical textiles, accounting for approximately 1.5 million tonnes per year.
- The technical textiles market size is expected to increase to USD 59.78 billion from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 4.92%.