Amid a rapidly increasing global technical textiles market, China is expected to stay dominant in this sector in 2017. Europe and the US are two top markets which China is aiming to cater to the most.
The global technical textile industry was estimated to be worth 142 billion dollars in 2015 and is expected to reach 165 billion dollars by 2019. China contributes 30 per cent to global technical textile production and it is followed by the Americas with 19 per cent of global production, India with 18 per cent, the EU with 16 per cent, and the rest of the world with 17 per cent.
China has a clear edge over its competitors. A large workforce, a strong domestic market, and advances in textile technology have made China a very strong competitor in the global technical textiles industry. Despite setbacks in terms of reduced textile exports in the last few years, these qualities have allowed China to continue to thrive in this sector.
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