- The key vendors in the Technical Textiles Market in the EU 2015-2019 are Ahlstrom Corp., Freudenberg & Co. KG, Polymer Group Inc., Ten Cate NV and TWE Group GmbH.
London, 13 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Technical Textiles Market in the EU 2015-2019. One of the major trends witnessed by the Technical Textiles market in the EU is the increase in demand for geotech products such as geotextiles. Geotextiles are used in the construction of roads and for automotive applications, because of which their demand is increasing. The Technical Textiles market in the EU is expected to grow at a CAGR of 3.52 percent in terms of revenue and at a CAGR of 3.27 percent in terms of volume during the forecast period of 2014-2019.
“The potential use of geotextiles for the strengthening and stabilizing of shores is expected to contribute to market growth,” says Faisal Ghaus, Vice President of TechNavio Research.
“Governments of several countries are also implementing favorable policies and establishing environmental norms that encourage the use of geotextiles.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
