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Tech textiles $198 bn industry by 2022: Messe Frankfurt
Pic: Messe Frankfurt
The technical textiles industry accounts for 30 per cent of global textile production and is expected to expand at an annual growth rate of more than 4 per cent to $198 billion by 2022, said Michael Jaenecke, director for brand management, technical textiles and textile processing, Messe Frankfurt. The leading regions are Asia-Pacific, Europe and the US. With annual sales of €13 billion, Germany is the global market leader for technical textiles, he said.
A particularly important role in this industry is likely to be played by lightweight constructions, sustainability and smart functions, Jaenecke told TechnicalTextile.Net in an interview.
From May 14 to 17, international exhibitors presented the entire spectrum of technical textiles, functional apparel textiles and textile technologies at Techtextil in Frankfurt. (DS)