The global technical textile market that was worth $133.93 billion in 2012 is expected to reach up to $160.38 billion by 2018. It also predicts that in terms of volume the global demand will grow at a temperate CAGR of 3.3 per cent from 2012 to 2018 and reach 30.71 million tonnes by the end of 2018.
Month: June 2015
High-performance fibres are those fibres, which offer exceptional strength, heat and chemical resistance. High performance fibres are niche products but some of them are manufactured in large quantities according to the demand from end-user industries.
Seeing the low penetration and high growth potential, Taiwanese companies are eagerly looking at the Indian market for technical textile products. Rising labour costs in China too is forcing some of these companies to consider manufacturing in India.
Bangladeshi spinners demand introduction of warehousing facility for cotton trade to reduce lead-time and ensure the timely sourcing of the fibre. Under the facility, merchants from different countries will store cotton at Chittagong port warehouses to sell out their cotton to the local cotton importers and spinners.
A family-owned company, Avocet was established in 1982 and has over 30 years experience in textile dyeing, chemicals and dyestuff sales and product development. Due to the fragile market for textile dyes, the company then moved on to manufacture flame retardants.
Growth Programme 2015, run by Department of Science and Technology (DST), the Government of India, Lockheed Martin Corporation, USA, Indo-US Science and Technology Forum (USSTF), Federation of Indian Chambers of Commerce and Industry (FICCI)
While Malaysia´s textile and apparel industry may be facing fierce competition from low-cost suppliers in Asia and elsewhere, the country´s technical textile industry shows inclination towards tapping the export opportunities inherent in developed countries.