Nonwovens to be 20% of global textile sector by 2017
September 03, 2012 - United States Of America
Nonwoven sector will have 20% share in the global textile industry by 2017, according to Great American Group.
Michael Petruski, Executive VP & General Manager of Great American Group in an e-mail communication confirmed with this scribe that, as per their research forecasts, nonwovens sector will reach 20% of global textile industry by 2017.
In a latest report, Great American Group, Advisory & Valuation Services, reported that the nonwoven industry will generate global and domestic demand for products manufactured in the US.
Commenting on the U.S. demand, the report highlights that off-shoring production will be expensive and due to the specialty nature of the industry, this sector is expected to grow even in regions such as the United States where the textile industry is in a decline since the inception of NAFTA in 1994.
Coated and finished fabrics production has shifted from the United States to China and India where labor and production costs are cheaper than developed nations according to the report.
Michael Petruski, Executive VP & General Manager of Great American Group in an e-mail communication confirmed with this scribe that, as per their research forecasts, nonwovens sector will reach 20% of global textile industry by 2017.
In a latest report, Great American Group, Advisory & Valuation Services, reported that the nonwoven industry will generate global and domestic demand for products manufactured in the US.
Commenting on the U.S. demand, the report highlights that off-shoring production will be expensive and due to the specialty nature of the industry, this sector is expected to grow even in regions such as the United States where the textile industry is in a decline since the inception of NAFTA in 1994.
Coated and finished fabrics production has shifted from the United States to China and India where labor and production costs are cheaper than developed nations according to the report.