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Global Industry Size:
The global technical textile market size was valued at USD 234.1 billion in 2020 and is expected to reach USD 334.9 billion by 2027, growing at a CAGR of 4.5% during the forecast period.
India Industry Size:
The Indian technical textile market size was valued at INR 1,20,000 crore (USD 17.1 billion) in 2020 and is expected to reach INR 2,50,000 crore (USD 35.7 billion) by 2027, growing at a CAGR of 9.2% during the forecast period.
Number of Players in India:
There are approximately 2,500-3,000 players in the Indian technical textile industry, with a mix of large-scale manufacturers, small and medium-sized enterprises, and regional players.
Growth Rate:
The Indian technical textile industry has been growing at a CAGR of 9-11% over the past few years, driven by increasing demand from the infrastructure, healthcare, and automotive sectors.
Factors Causing the Industry to Thrive in India:
Future Potential –
Note: The data and figures mentioned above are approximate and sourced from various industry reports, research studies, and market analysis.
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