The purpose of the study was to improve knowledge in Europe about technical textiles opportunities outside of the EU – with particular emphasis on the countries mentioned above.
Results of the study
The study offers a quantified view on technical textiles supply and demand in regional markets and within 12 product families. It examined the market performance in yarn and fabric-type technical textiles, as well as non-woven technical textiles.
According to the study, the global consumption in the technical textiles market in 2014 had an estimated value of US$147 billion, showing a growth rate of 6% per year since 2010. In the same period, the EU’s technical textiles production reached a value of US$29.8 billion, demonstrating an annual growth rate of 4.6% since 2010.
About 48% of EU technical textiles production is exported. Yarn-type technical textiles production reached an export share of over 70%, due mainly to the worldwide historical success of medical sutures made in the EU.
For Brazil, Japan, South Korea and the USA, the study also analysed:
- the conditions of the technical textiles market situation
- export opportunities
It did this by identifying areas that represented particular export opportunities for the EU technical textiles sector.