Daffodil International University

Faculty of Engineering => Textile Engineering => Topic started by: Md. Saiful Hoque on May 19, 2018, 11:42:13 AM

Title: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: Md. Saiful Hoque on May 19, 2018, 11:42:13 AM

Day by day the consumptions of technical textile are increasing and it is going to make Asia-Pacific the world’s largest market for technical textiles by the period, 2017-2027. It is seen that the global technical textile market is likely to be worth of US$260.3 billion by the end of 2027 considering a growth at a CAGR of 4.7%.

The technical textiles available in the global market are indutech, mobiltech, oekotech, protech, geotech, agrotech, packtech, clothtech, hometech, buildtech, meditech, and sporttech. The meditech segment is projected to soar in the coming years because of its application in the areas of patient clothing and surgical equipment. It is expected likely to be worth US$20 billion by the end of 2027 as compared to US$12 billion in 2016. Between the period of 2017 and 2027 this segment is projected to show a rise of 4.9% CAGR.

The demand for geotextiles is also increasing being used in civil engineering, geotechnical & environmental design. Towards the end of the forecast period, the geotextiles segment is estimated to value US$7 billion. On the contrary, rise in the civil engineering activities is also expected to promote the uptake of this material in the near future.

Source: Textile Today

Title: Re: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: Mousumi Rahaman on May 19, 2018, 03:07:05 PM

thanks for sharing...

Title: Re: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: fahmidasiddiqa on May 23, 2018, 12:11:11 PM

thanks for sharing

Title: Re: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: smriti.te on May 27, 2018, 11:56:40 PM

Good to know

Title: Re: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: Kazi Rezwan Hossain on May 28, 2018, 10:46:56 AM

Nice

Title: Re: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: nadimhaider on May 28, 2018, 11:32:55 AM

 means there is lot of opportunity in technical textile, thanks

Title: Re: More than 50% of global technical textiles market will be in Asia-Pacific
Post by: subrata.te on May 28, 2018, 11:52:38 AM

Bangladesh need strong framework and research to grab the market and develop industries on technical textiles. We are still doing business on the basis of basic garments. Technical textile is a potential field. We need to focus on it for more profitability and income.