Marc Wolpers, Director of Trützschler Nonwovens is gung-ho about the India’s nonwoven market and he is confident that he will be firming up new projects in India.
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Freudenberg Performance Materials, the world’s leading manufacturer of technical textiles, has launched an open innovation competition under the name Next-Generation Nonwovens.
There is a huge untapped potential in nonwovens for the Indian industry. High cost, lack of entrepreurship and dearth of research are proving to be major hurdles on the path of growth for this emerging segment in technical textiles. Karthik Muthuveeran analyses and bares some details. China is the leader today and will remain as top producing country in Asia, taking the lion?s share. India?s nonwoven production is growing at 13 per cent CAGR on volume basis as compared with China?s 12 per cent CAGR.
There is a huge untapped potential in nonwovens for the Indian industry. High cost, lack of entrepreurship and dearth of research are proving to be major hurdles on the path of growth for this emerging segment in technical textiles. Karthik Muthuveeran analyses and bares some details. China is the leader today and will remain as top producing country in Asia, taking the lion?s share. India?s nonwoven production is growing at 13 per cent CAGR on volume basis as compared with China?s 12 per cent CAGR.
There is a paradigm shift in thinking of Indian entrepreneurs in last five years. They are more adaptive to new things and new technologies today. But, unfortunately our Textile Industry players have not realized the latest trends. They still continue to manufacture same age-old conventional textiles. They are hardly taking any efforts for innovations. Though Technical Textile is growing at CAGR of 20 per cent in India having huge growth potential, there is no much investment in this sector and the main reason is lack of awareness about the markets.
There is a paradigm shift in thinking of Indian entrepreneurs in last five years. They are more adaptive to new things and new technologies today. But, unfortunately our Textile Industry players have not realized the latest trends. They still continue to manufacture same age-old conventional textiles. They are hardly taking any efforts for innovations. Though Technical Textile is growing at CAGR of 20 per cent in India having huge growth potential, there is no much investment in this sector and the main reason is lack of awareness about the markets.
Global demand for nonwovens is forecast to rise 5.4 per cent annually to 11.1 million metric tonne (MMT) in 2019.