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Global technical textile market: 4% CAGR growth forecast between 2012-16
Global Technical Textile Market 2012-2016 - a new market research report on 2014-03-26 08:35:04
The Global Technical Textile market is to grow at a CAGR of 4.02 percent over the period 2012-2016. One of the key factors contributing to this market growth is the innovation in technology. The Global Digital Cinema Screen market has also been witnessing the introduction of electronic in textiles. However, the high cost of raw materials and power could pose a challenge to the growth of this market.

The latest trend in the Global Technical Textile market is the integration of electronic circuits into textiles. Fiber conductive wires are used to build these electric circuits. These electric circuits are termed wearable electronics. They consist of a controller, a micro system, sensors, actuators, etc. They are used for integrating light, heating pads, and communication technology, such as Bluetooth, into a textile to provide it with certain functionality. These wearable electronics are used to interact with smart devices such as smartphones and tablets. Companies such as Interactive Wear AG have already started using this new technology in their products. Thus, the use of electronics in textiles is an emerging trend that is expected to drive the market in the future.

One of the main drivers contributing to this market´s growth is the various technological innovations. The increasing advancements in technology have led to various industries viewing technical textile products more favorably. These products are used for various purposes, and the increasing R&D in this market has led to the introduction of numerous innovative products.

One of the main challenges hindering the growth of this market is the high cost of raw materials and power. Manufacturers have to import raw materials from foreign countries and this increases the overall production cost of technical textiles. In addition, the cost of procuring power is very high.

The key vendors dominating this market space are Ahlstrom Corp., E.I. du Pont de Nemours and Co., Freudenberg & Co. KG, Johns Manville, and Kimberly-Clark Corp.

Other vendors are Bhilwara Melba De Witte Pvt. Ltd. (BDM), Century Enka Ltd., Companhia Providência, CTM Technical Textiles Ltd., Entremonde Polycoaters Ltd., Fiberweb PLC, Garware Wall Ropes Ltd., JBF Industries Ltd., Kusumgar Corporate Pvt. Ltd., Polymer Group Inc., SRF Ltd., Supreme Group, Techfab India Industries Ltd., and TWE Group.

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