Top Markets Series: Technical Textiles

Technical textiles are defined as textile materials and products used primarily for their technical performance and functional properties, sometimes as a component or part of another product to improve the performance of the product.

The global demand for a variety of such textiles has continuously increased as a result of their rising base of applications in end-use industries.

The 2016 Technical Textiles Top Markets Report, produced by the U.S. Department of Commerce’s International Trade Administration (ITA), forecasts global demand for U.S. technical textile products to increase 4 percent annually through 2017. Innovation and new technology coupled with trade relationships developed under existing and future free trade agreements will drive this increase in demand.

The Top Markets Report examines historical data from 2008 through 2015 plus forecasts demand for 2016 and 2017, and ranks 70 markets for overall technical textile exports. This study of the U.S. technical textiles market is intended to provide an analysis of the competitive landscape, including developing trends and key regions where U.S. producers could find new and continued opportunities for their products.

In addition to examining historical and future global demand for U.S. technical textile products, this Top Markets Report identifies nine key foreign markets where U.S. producers could see growth and opportunities to expand their market.

This article comes from trade edit released

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