Release Date: 6/16/2017
The global market for textile auxiliaries is estimated to be valued at nearly US$ 7,770 Mn in the year 2017. By 2026, the market is expected to be valued at nearly US$ 12,400 Mn, registering a CAGR of 5.2% in terms of value over the forecast period. The global textile auxiliaries market is expected to witness an absolute dollar opportunity of nearly US$ 4,400 Mn between 2016 and 2026.
Increasing applications of textile auxiliaries in the construction sector is a good sign for this market
Technical textiles impart strength as well as resistance and protection from various pollutants and environmental factors. Growing infrastructural development as well as rapid urbanisation, especially in BRIC countries is driving demand for Buildtex &ndash a technical textile that is more durable and effective as compared to conventional textile materials. It is majorly used in construction and architectural applications such as faced foundation, insulation (majorly in Russia) and concrete reinforcement. The growing use of technical textiles is set to boost the market for textile auxiliaries during the assessment period.
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