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Technotex India-2024

Technotex India-2024

18th Jan, 2024 to 21st Jan, 2024
Lucknow, India
TECHNICAL TEXTILES have seen an upward trend globally in the recent years due to improving economic conditions. Technological advancements increase in end-use applications, cost-effectiveness, durability, user-friendliness, and eco-friendliness of Technical Textiles has led to the upsurge of its demand in the global market. Indutech, Mobiltech, Packtech, Buildtech and Hometech together represent 50% of the global market in value. The Global Technical Textiles Market is pegged at USD 260 Billion in the year 2020 and is expected to grow up to USD 318 Bn by 2025, at a CAGR of 4% from 2020-25. The Asia-Pacific has been leading the Technical Textiles sector by capturing 40% of the global market, while North America and Western Europe stand at 25% & 22% respectively Asia-Pacific has seen a tremendous growth in this sector and captures the largest market share due to rapid urbanisation and technological advancements in medical, automobile and construction industries. This is further catalysed by easy production, low-cost labour, and conducive government policy support.)
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