Robust growth of the automotive sector in emerging markets and increasing applications of technical textiles in the construction industry are key factors fuelling the demand for technical textiles. Increased spending on healthcare and growing awareness on environmental conservation and sustainable manufacturing are other key factors driving demand for technical textiles globally.

Asia Pacific is the most lucrative market for technical textiles, with demand expected to reach 11,468 thousand tons by the end of 2015, up from 10,715 thousand tons in 2014. China and India are expected to be at the forefront of the demand for technical textiles, with these two countries collectively accounting for a 74 per cent share of the Asia Pacific technical textiles market.

The cost of procuring raw materials and manufacturing technical textiles is higher than other substitutes, owing to which adoption is lower in price-sensitive markets. On the basis of application, the key categories of technical textiles include Agrotech, Buildtech, Hometech, Indutech, Sportech, Packtech, Mobiltech, Meditech, Clothtech, Geotech, Protech, and Oekotech.

Hometech is expected to witness the highest demand, reaching 2,015 thousand tons by 2015 end, up from 1,910 thousand tons in 2014. Indutech is expected to gain 62 basis points between 2015 and 2020 and account for nearly 14.68 per cent of the overall market in terms of revenue. In terms of volume, demand for Indutech is expected to reach 2,832 thousand tons by the end of 2015.