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Market Size was USD 193.73 Billion in 2020 and is expected to reach USD 268.97 Billion in 2028, and register a CAGR of 4.1% during the forecast period.
Increasing adoption of Nano-materials such as Nano-particles and Nano-fibers for technical textiles production by major manufacturers.
Increasing number of applications of geotextiles in road construction, sports sector, and transportation is a key factor driving market revenue growth.
Technical textile include a variety of processes, such as woven, nonwoven, and knitted, among various other methods. Technical textiles are largely used for applications in automobile industries, such as for making seatbelts, and ceilings, among others. These textiles offer large number of products and functionalities, and can be customized according to the end user's requirements. This is one of the major factors driving market growth to a significant extent.