India’s technical textiles market is poised for consistent and robust growth throughout the forecast period of 2022to 2030, with year-on-year growth ranging between 6.3% and 7.6%. Maintaining its position as the third-largestnational market, India is projected to achieve a 6.9% compound annual growth rate (CAGR), surpassing the globalmarket’s average. This makes India the fastest-growing major market, with its value expanding from $15,480.7million in 2022 to $26,275.4 million in 2030. This growth will contribute 15.5% to the overall market’s incrementalexpansion. India’s share of the global technical textiles market is expected to increase from 10.9% in 2023 to 11.9%by 2030, reflecting its significant and accelerating role in the global sector.
05:01 PM, Aug 20