Global consumption of technical textiles is expected to grow at a CAGR of 5.4 per cent till 2020. This trend indicates steady growth opportunities for textile companies.
With global consumption expected to surpass 37 million tonnes, the global technical textile market is expected to reach

US$ 193 billion by way of revenues in 2020. A big demand from China and India is projected to continue whereas the demand for advanced materials will become stronger in the U.S. and EU5.

The key factors anticipated to boost demand for technical textiles include, Steady growth of the automotive sector: The automotive sector in emerging economies is anticipated to increase demand for technical textiles. Use of technical textiles per mid-size car is anticipated to increase from the current 25-27 kg to 34-36 kg by 2020. Rapid industrialisation in emerging economies: The global industrial production is anticipated to increase by 3.5 per cent to 5 per cent from 2015 to 2020. And due to a steady industrial growth, the demand for woven and dust filters, and conveyor belts is expected to receive a boost.

Robust demand from healthcare sector: Demand for Meditech technical textiles is projected to grow in Asia Pacific, as providing affordable healthcare becomes a priority for governments. Growing environmental awareness: On the back of mounting concerns over conservation of environment, Oekotech technical textiles are gaining traction among end-users. Demand for Oekotech is expected to grow at a high CAGR during the forecast period 2015-2020.

By application, Hometech, Buildtech and Meditech will remain the highest-selling technical textiles throughout the forecast period 2015-2020 with Homtech technical textile consumption anticipated to reach 6.43 million tonnes by 2020. By process type, non-wovens will continue to have a dominant edge over composites, owing to their versatility in medical and industrial applications.