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(Construction.IndustryNews247.Com, August 29, 2018 ) The fabrics manufacturing market comprises all establishments engaged in producing fabrics, mostly through processes such as weaving and knitting. A fabric is a cloth formed by weaving, knitting, tufting or bonding together. Fabric mills include broad woven fabric mills, narrow fabric mills, non-woven fabric mills and knit fabric mills. They are engaged in weaving fabrics, felts and narrow fabrics and they also further finish and fabricate fabric products.
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The global fabrics manufacturing market has been growing in the past years with a CAGR of almost 5%. The year 2017 recorded high growth in this market with a net market value more than 16% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global fabrics manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The demand for smart fabrics is increasing rapidly. This is mainly driven by the growing use of smart fabrics in various sectors including fashion, entertainment, medical, transportation, sports and fitness, and military. Smart fabrics are textiles that can interact with their environment and respond to a physical stimuli including those from mechanical, electrical, thermal and chemical sources. Sensors, actuators and fabrics are the major components of smart fabrics. The materials used in smart fabrics include optical fibers, metals and conductive polymers. An example of smart fabrics is D-Shirt offered by French company Cityzen Sciences, which comes with a wide range of functions to record heart rate, GPS location, route, altitude and speed.
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Companies included in the report are Toray Industries Inc., Luthai Textile Co., Ltd., Vardhaman Group, Arvind Ltd., and Bombay Rayon Fashions Ltd.
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