Novel areas of application and innovative new production processes continue to drive growth in the global technical textiles market, which is now estimated to be worth US$133 billion, with further growth predicted.
In 2014, Commerzbank AG published a major report on the global technical textiles market which suggested technical textiles is a significant a growth market, thanks partly to broad macroeconomic trends such as global demographic growth, urbanisation and increasing environmental protection, but also due to the continuous development of new areas of application for technical textiles and production processes.
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