Specialty Fabrics Review December 2019 - 18

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INDUSTRY NEWS
Market forecasts 2019-2024

Egyptian cotton exports peaking

U.S. knit fabric market reaches $2 billion

According to the "Industrial Fabric Market-
Forecasts from 2019 to 2024" report by
ResearchAndMarkets.com, the industrial
fabric market is expected to grow 4.12
percent to reach $151.561 billion by 2024,
from $113.868 billion in 2018. The market
is expected to grow at a steady pace owing to
burgeoning use of these fabrics in automotive
design to produce lightweight vehicles. This
research study examines the current market
trends related to demand, supply and sales,
in addition to recent developments.

Egyptian cotton production and exports are
at their highest for five years following a
renewed period of emphasis on improving
sustainability. The 2018-2019 season saw an
increase of 45 percent in exports. The Cotton
Egypt Association, the independent body
responsible for the global brand, supports
the implementation of "The Egyptian Cotton
Project," which includes training, education
and awareness across the cotton supply chain.

According to the report "U.S. Knit Fabric
Market Analysis and Forecast to 2025," by
ResearchAndMarkets.com, the U.S. knit
fabric market rose 2.6 percent and reached
$2 billion in 2018. This figure reflects the
total revenues of producers and importers
excluding logistics costs, retail marketing costs
and retailers' margins. Over the period under
review, knit fabric consumption continues to
indicate a relatively flat trend. From 2015 to
2018, the growth of the knit fabric market
remained at a somewhat lower figure.

Organic products directory available

According to the ResearchAndMarkets.com
report "Cooling Fabrics Market by Type-
Global Forecast to 2024," the cooling fabrics
market is estimated to grow from 2.4 billion
in 2019 to USD 3.7 billion by 2024. Increasing
demand for sports apparel, protective wear
and growing research and development for
cooling fabrics are the main factors that have
led to the growth. Initial investment and
high manufacturing cost of cooling fabrics
are restraining the growth of the market.

The Organic Trade Association is unveiling its
new Find.Organic business directory, a source
for information on U.S. organic products
and services. Find.Organic, developed and
managed by the Organic Trade Association,
helps users search for ingredients and products
by name, find organic businesses ranging
from certifiers to business consultants and
farming suppliers, and locate export-ready
U.S. organic products, as well as organic fiber
and textiles, personal care products, retailers,
manufactured products, business services and
eco-friendly packaging.

Industrial drying technology saves energy

Tukatech opens virtual fit model library

Southern California Gas Co. and Gas
Technology Institute have demonstrated a
new industrial drying technology that uses
less energy, reduces greenhouse gas emissions
and saves money. The technology can be
used for drying or heat processing across a
broad spectrum of industrial, agricultural and
commercial applications, including textiles.
The new technology uses up to 65 percent
less natural gas, 40 percent less electricity
and recovers a substantial amount of water,
all while drying up to 11 tons of wet material
per hour.

Tukatech has opened its library of over
750 virtual fit models for global brands
and retailers to all 3D users in the fashion
industry. Regardless of which 3D fashion
technology system they use, anyone can access
this library, which offers exact replicas of 3D
fit models developed from leading brands' live
fit models. Each is a true representation of a
real fit model who was body scanned or 3D
sculpted using a proprietary measurement
engine and digitized for the virtual world,
including their measurements, shape and
posture. The decision was made to remedy a
productivity gap identified by the Tukatech
CAD Specialist team.

Outlook for cooling fabrics market

18 REVIEW DECEMBER 2019

U.S. economy predicted to hold
Seventy percent of corporate sales executives
participating in a recent study commissioned
by the Manufacturers' Agents National
Association are "very optimistic" or
"somewhat optimistic" about the current
U.S. economic forecast. "Very optimistic" or
"somewhat optimistic" was the consensus of
71 percent of that group's forecast for their
own firms' projected revenue and 64 percent
for their own firms' projected profits. The
survey predicted that the economy will hold at
its current peak through 3Q20, with possible
softening to follow.

IGS to boost geosynthetics education
The International Geosynthetics Society (IGS)
has officially formed the IGS Foundation
with the purpose of raising funds to further
educate the world about geosynthetics. As a
nonprofit organization, the foundation will
allow individuals and businesses to make oneoff or regular financial contributions to help
eradicate learning gaps within the industry.
The foundation's initial goal is to raise $1
million annually to invest in educational
programs to train entrants to the industry
and boost the effective use of geosynthetic
solutions worldwide.


http://www.ResearchAndMarkets.com http://www.ResearchAndMarkets.com http://www.ResearchAndMarkets.com

Specialty Fabrics Review December 2019

Table of Contents for the Digital Edition of Specialty Fabrics Review December 2019

Specialty Fabrics Review December 2019 - Cover1
Specialty Fabrics Review December 2019 - Cover2
Specialty Fabrics Review December 2019 - 1
Specialty Fabrics Review December 2019 - 2
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