Nanotextiles Market Flourishing!

The global market for nanotextiles is expected to grow from US$ 5.1 billion in 2019 to US$ 14.8 billion by 2024 at a compound annual growth rate (CAGR) of 23.6% for the period of 2019-2024, according to the latest report by Trends Market Research. The market is analysed based on the following segments: nanotextile type, functionality, nanostructured material, application, and region.

The study intends to provide an updated, comprehensive description of nanotextiles and their characteristics, highlighting the latest developments in their fabrication technology and features. It also aims to offer a detailed market analysis for these products by segment (nanotextile type, functionality, nanostructured material, application, and region), describing technical aspects and trends that will affect future growth of this market.

The study shows that consumer products, which include mainly apparel and household articles, currently account for the largest share of the market. Within this segment, nanotextiles are being used primarily for the fabrication of high-performance outerwear and stocking. Sales of these products have risen at a very healthy CAGR during the 2017-2019 period. Finally, sales of nanotextiles are projected to continue rising at a double-digit rate during the next five years.