MARKET & ECONOMY
The global market for nanotextiles should grow from $5.1 billion in 2019 to $14.8 billion by 2024 at a compound annual growth rate (CAGR) of 23.6 per cent for the period of 2019-2024
As an indicator of the efficiency of logistical services necessary for promoting exports and economic growth, Gujarat has been ranked the topmost performer on the logistics index chart among 22 States.
The Central Pollution Control Board (CPCB) will develop new standards and emission control norms for the textile industry to cater to the emerging ecological challenges and strengthen environmental compliance.
According to a report released by the Commerce Ministry, as an indicator of the efficiency of logistical services necessary for promoting exports and economic growth, Gujarat has been ranked the topmost performer on the logistics index chart among 22 States. It is followed by Punjab and Andhra Pradesh, while Himachal Pradesh stood last.
The government may make the use of anti-hail nets to protect crops, chemical-protection suits for defence, and drapes, gowns, sanitary napkins and implants for medical use mandatory as it seeks to develop the potential of technical textiles and facilitate their public procurement.
India, which ranks second after China in silk production, would become ‘completely self-sufficient’ in silk in the next two years, textiles minister Smriti Irani said recently.
At this year’s All China Leather Exhibition (ACLE), which took place from September 3 to 5, 2019, in Shanghai, China, speciality chemicals company LANXESS presented a new system offering for functional coatings under the name Pellart.
Xaar has announced that Stratasys has entered into an agreement to purchase shares of Xaar 3D Ltd that will increase Stratasys’s stake in Xaar 3D from 15 to 45 per cent, with Xaar plc, through its fully owned subsidiary, Xaar 3D Holdings, having the remaining 55 per cent.
According to Stratistics MRC, the global textile films market is accounted for $3.56 billion in 2017 and is expected to reach $7.51 billion by 2026 growing at a CAGR of 8.6 per cent.