A Market Assessment Tool for U.S. Exporters


2016-12-05 12:55:04
Description

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. 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. Much of the demand for technical textiles comes from various end‐use industries, such as automotive, construction, healthcare, protective clothing, agriculture, sports equipment/sportswear and environmental protection. 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. The nine countries ITA identified from the top 30 for in‐depth case studies are Brazil, Canada, China, India, Korea, Mexico, Singapore, Taiwan and Vietnam. These markets represent a range of countries to illustrate a variety of points rather than the top markets overall (see Figure 1).  

Growth is certainly continuing in the technical textiles market. Increased demand for technical textiles will be seen in both the developed and developing parts of the world. This can be attributed to factors such as rising incomes and an increasing standard of living along with advances in medical technology, expanding construction sectors, an awareness of safety and environmentalism and increased spending on healthcare.

These are a few of the factors that will help further drive the demand for technical textiles. The global technical textile market is geographically segmented into five key regions: North America, Latin America, Eastern and Western Europe, Asia Pacific, and Africa and Middle East. The North American market is strong and steady. Mexico and Canada are the two largest markets for U.S. technical textiles, accounting for 55 percent of the total trade. In recent years, Mexico has seen

 

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