#TechTextiles #Innovation #FutureReady
Technical Textiles - A Future Emerging Theme?
1/ 🧵 Let’s talk about the FUTURE of the tech textile industry. It’s about to change EVERYTHING. Yes, EVERYTHING.
2/ Companies that embrace these innovations will lead the charge. Others? They'll get left behind. 🚀💼
3/ Imagine textiles that can HEAL wounds, PROTECT against extreme weather, and even MONITOR your health.
4/ Sounds like Sci-Fi? It's REALITY. And it's happening NOW.
5/ The demand for smart, sustainable, and high-performance fabrics is skyrocketing. 🌍
6/ Think about it. Have you ever worn a shirt that can monitor your health? You will. Soon. đź©şđź‘•
7/ Let's keep this convo going! Comment below with your thoughts. Share this thread if you found it interesting. Let's UNLEASH the potential of textiles together! 💬🔄🚀
P.S. I will share my microcap pick if I will get enough traction on this emerging theme
(1/n)
Technical Textiles - A Future Emerging Theme?
1/ 🧵 Let’s talk about the FUTURE of the tech textile industry. It’s about to change EVERYTHING. Yes, EVERYTHING.
2/ Companies that embrace these innovations will lead the charge. Others? They'll get left behind. 🚀💼
3/ Imagine textiles that can HEAL wounds, PROTECT against extreme weather, and even MONITOR your health.
4/ Sounds like Sci-Fi? It's REALITY. And it's happening NOW.
5/ The demand for smart, sustainable, and high-performance fabrics is skyrocketing. 🌍
6/ Think about it. Have you ever worn a shirt that can monitor your health? You will. Soon. đź©şđź‘•
7/ Let's keep this convo going! Comment below with your thoughts. Share this thread if you found it interesting. Let's UNLEASH the potential of textiles together! 💬🔄🚀
P.S. I will share my microcap pick if I will get enough traction on this emerging theme
(1/n)
Overview of Technical Textiles & Global market
Technical textiles are specialized textile products designed primarily for their technical performance and functional properties rather than aesthetic qualities.
These textiles are utilized across a diverse range of sectors
Global Market :
The global technical textiles market is estimated at USD212 billion in 2022 and is expected to reach USD274 billion by 2027, growing at a CAGR of 5.2% backed by increasing global demand.
(2/n)
#TechnicalTextiles #Innovation #Future #SmartFabrics #Sustainability
Technical textiles are specialized textile products designed primarily for their technical performance and functional properties rather than aesthetic qualities.
These textiles are utilized across a diverse range of sectors
Global Market :
The global technical textiles market is estimated at USD212 billion in 2022 and is expected to reach USD274 billion by 2027, growing at a CAGR of 5.2% backed by increasing global demand.
(2/n)
#TechnicalTextiles #Innovation #Future #SmartFabrics #Sustainability
Global usage Application
đź’ŽUsage of Geotech in European Union
Key drivers include high technology readiness level and robust R&D and university – industry linkage
đź’ŽUsage of Protech in Israel
Key drivers include high demand from growing defence sector and technology readiness level 7 and above:
đź’ŽUsage of Sportech in USA
Key drivers include greater footprint of sports and athletics, and presence of major sports brands
đź’ŽUsage of Agrotech in Italy
Key drivers include sustainability of food systems, value chain and food security
#TechTextiles #Innovation #FutureOfFabrics
(3/n)
đź’ŽUsage of Geotech in European Union
Key drivers include high technology readiness level and robust R&D and university – industry linkage
đź’ŽUsage of Protech in Israel
Key drivers include high demand from growing defence sector and technology readiness level 7 and above:
đź’ŽUsage of Sportech in USA
Key drivers include greater footprint of sports and athletics, and presence of major sports brands
đź’ŽUsage of Agrotech in Italy
Key drivers include sustainability of food systems, value chain and food security
#TechTextiles #Innovation #FutureOfFabrics
(3/n)
Indian Outlook
The Indian technical textiles market is the fifth largest globally, valued at approximately USD 21.95 billion for the fiscal year 2021-22
Over the past 5 years, the market has experienced a steady growth rate of 8-10% annually. The Indian Government is taking strategic steps to boost this growth rate to 15-20% annually over the next five years, indicating a strong governmental push towards enhancing the sector's development.
Govt Initiatives
a. National Technical Textiles Mission (NTTM)
b. Production Linked Incentive (PLI) scheme for textiles
c. PM MITRA Scheme
d. Quality Control Regulations
e. Mandatory usage of technical textiles
In #India, various R&D initiatives have been undertaken to develop such a strategic and high-specialty product.
#TechInTextiles #InnovationInTextiles
#VibrantColors #IncredibleIndia #ModernIndia #GlobalOutlook
(4/n)
The Indian technical textiles market is the fifth largest globally, valued at approximately USD 21.95 billion for the fiscal year 2021-22
Over the past 5 years, the market has experienced a steady growth rate of 8-10% annually. The Indian Government is taking strategic steps to boost this growth rate to 15-20% annually over the next five years, indicating a strong governmental push towards enhancing the sector's development.
Govt Initiatives
a. National Technical Textiles Mission (NTTM)
b. Production Linked Incentive (PLI) scheme for textiles
c. PM MITRA Scheme
d. Quality Control Regulations
e. Mandatory usage of technical textiles
In #India, various R&D initiatives have been undertaken to develop such a strategic and high-specialty product.
#TechInTextiles #InnovationInTextiles
#VibrantColors #IncredibleIndia #ModernIndia #GlobalOutlook
(4/n)
Technical Textiles in 2047 - A vision & mission
Considering the global market dynamics for technical textiles, there are a plethora of opportunities for India to tap into unexplored export markets and domestic potential.
Emphasis needs to be on strengthening R&D in strategic areas, upscaling commercialization and increasing cost competitiveness, policy support, etc.
A comprehensive summary to attain this vision would look like below -
#India2047 #FutureGoals #ProgressAhead #DreamsForTomorrow #TowardsABrighterFuture #HopeForIndia #TransformingIndia
(5/n)
Considering the global market dynamics for technical textiles, there are a plethora of opportunities for India to tap into unexplored export markets and domestic potential.
Emphasis needs to be on strengthening R&D in strategic areas, upscaling commercialization and increasing cost competitiveness, policy support, etc.
A comprehensive summary to attain this vision would look like below -
#India2047 #FutureGoals #ProgressAhead #DreamsForTomorrow #TowardsABrighterFuture #HopeForIndia #TransformingIndia
(5/n)
And that's a wrap!!
Like and retweet if you're excited to dive into interesting conversations about investing and emerging trends! 🚀
Stay tunned for my #SME idea for this emerging theme
Let's share our knowledge and insights with each other! #letstalkinvesting #likeandretweet
Follow @smesmartmoney for MORE!
#EmergingThemes #MicrocapInvestment #StockMarket #FinancialGrowth #SmallCapStocks #MarketTrends
Like and retweet if you're excited to dive into interesting conversations about investing and emerging trends! 🚀
Stay tunned for my #SME idea for this emerging theme
Let's share our knowledge and insights with each other! #letstalkinvesting #likeandretweet
Follow @smesmartmoney for MORE!
#EmergingThemes #MicrocapInvestment #StockMarket #FinancialGrowth #SmallCapStocks #MarketTrends
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