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Asia-Pacific’s share in TT to reach over 50%
Future Market Insights’ recent report on global technical textiles market projects that Asia-Pacific will be observed as the world’s largest market for technical textiles during the forecast period, 2017-2027. The report values the global technical textiles market at little less than $166 billion, and anticipates it to reach $260.3 billion by the end of 2027.
GWRL has many new products in the pipeline
Established in 1976, Garware-Wall Ropes Limited (GWRL) was started in collaboration with Wall Industries Inc, USA. GWRL, an ISO 9001:2008 certified company. It is a leading player in technical textiles specialising in providing customised solutions to the cordage and infrastructure industry worldwide. The company is known for its innovation in the field of sports, fisheries, aquaculture, shipping, coated fabrics and geosynthetics.
Rising GDP, middle class promises boost to technical textile consumption in India
The world technical textiles market has been growing at a rate of 5 to 7 per cent since 2010, when its size was $116.5 billion, which rose to $147 billion in 2014. This is expected to reach $198 billion by 2020, disclosed Hendrik H van Delden, Managing Partner, Gherzi van Delden GmbH. The size of the production in these years were 22.5 million tonnes in 2010 and 28.4 million tonnes in 2014, which is expected to touch 38.2 million tonnes by 2020.
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