Functional Textiles Market Growth Fueled by Sportswear and Healthcare Applications
The global functional textiles market is poised for steady growth over the coming decade. Valued at approximately US$3.5 billion in 2025, the market is projected to reach US$5.0 billion by 2032, registering a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2032. The growth trajectory of this market is primarily driven by increasing consumer demand for advanced textiles that offer enhanced performance features, such as durability, stain resistance, moisture-wicking properties, and thermal regulation. Rapid industrialization, rising disposable incomes, and growing awareness regarding health and safety standards are further fueling the adoption of functional textiles across diverse applications, including apparel, automotive, healthcare, and protective equipment. One of the key drivers influencing the market is the integration of technological innovations in textile manufacturing. Materials engineered with embedded functionalities, such as antimi...