TechNavio recognizes the following companies as the key players in the Technical Textile Market in India: Century Enka Ltd., JBF Industries Ltd., SRF Ltd., and Supreme Nonwovens Pvt. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Currently, the Technical Textile market in India exports 7-8 percent of technical textile products being manufactured in the country. However, with the growing innovations in product line and changing technology, the exports are expected to increase to 20-25 percent of the total products manufactured. With the various government initiatives and subsidies being offered to manufacturers, the Technical Textile market in India is expected to increase its exports during the forecast period. This will place India among the top exporters of technical textile products in the world.”
According to the report, one of the main drivers in this market is the favorable government policies being implemented in recent years. Moreover, the Government of India has come up with various schemes to offer financial assistance to manufacturers of technical textiles. To further boost the growth of this market, the government is making budgetary allocations for technical textiles.
Further, the report states that one of the main challenges in this market is the high cost of raw materials and power. Manufacturers have to import raw materials from foreign countries, which increases the overall production cost of technical textiles. Apart from the raw materials, the cost of procuring power for these industries is very high in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/technical-textile-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Technical Textile Market in India 2012-2016
