Technical Textiles-Global Market $150 billion The global market for Technical Textiles is likely to rise to $150 billion in the coming years from around $127 billion in 2010. Of course, the application of Technical Textiles is very nascent in India, but the potential is enormous. Only a couple of producers currently produce these textiles in the country.
Founder Editor Jay Narayan Vyas, M.Tech., F.I.E. Associate Editor - Sonali Chatterjee Design & Layouts - Chirag Panchal Circulation - Jayesh Joshi
National Textile Corporation (NTC) is now gearing up to take advantage of the growing demand for Technical Textiles within the country. Recently, it announced an investment of Rs.4.25 billion in Technical Textiles joint venture to meet the fast growing demand in healthcare and infrastructure sectors. NTC is said to be offering a minority stake to the proposed joint venture partner. The investment would be financed in proportion with the ratio of share holding in the venture. The effort would be to try to market the products in both the domestic and international markets. As this is an emerging sector, a global firm has to be roped in to provide technology to the venture and help to market the produce. As per the NTPC, the JV is planned to be set up in two units, one each in North and South. The land required for putting up the plants has already been acquired. The two proposed mills are expected to be operational in 18-24 months from the date of commissioning the project. As per the latest Government estimates, the domestic market for Technical Textiles is expected to register an 11 per cent growth to cross Rs 66000 crore by 2012. There are two important segments of Technical Textiles: Clothtech segment and Mobiltech segment. Clothtech segment mainly comprises of textile components used for specific functional applications in garment and shoes. These components are largely hidden e.g. interlinings in shirts, sewing threads, shoe laces, labels, hook and loop fasteners (Velcro), etc., Fabrics like umbrella cloth are also classified under the clothtech segment. Clothtech products are important part of the garment that ensures accurate fit and optimum wearer comfort, its stretchability, shrink resistance. The expected market size of Clothtech is estimated to be around Rs.1500 crore by 2012-13. Mobiletech segment of Technical Textiles is used in the construction of automobiles, railways, ships, aircraft and space craft. There are two categories of Mobiletech products-visible components and concealed components. The visibles include seat upholstery, carpets, seat belts, headliners, airbags etc. The concealed components include Noise Vibration and Harness (NVH) components, tyre cords, liners etc. It provides good performance and safety, reduce the weight of the car, enhance the comfort and aesthetics and provide advanced insulation, fire retardancy and resistance to water, fuels, extremes of temperature and abrasion. The expected market size of clothtech is estimated to be round Rs. 5200 crore by 2012-13
Marketing Hasmukh Vyas, Jyotindra Bhatt Subcription - Sejal Shah Editorial Advisory Board Dr. Seshadri Ramkumar Dr. S. K. Basu Dr. Arindam Basu Dr. Samrat Mukhopadhyay O. L. Shanmugasundaram Corporate office
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JULY 2011 • VOLUME 6 • ISSUE 7