The market for technical textiles has been consistently gaining traction from its diverse application areas such as sports, aerospace, automotive, defense, agriculture, and healthcare. According to the projections of a business intelligence report by Transparency Market Research (TMR), the global technical textiles market will be worth US$160.38 billion by the end of 2018, with the demand incrementing at a CAGR of 3.3% during the forecast period of 2012 to 2018.