TECHNICAL TEXTILE SECTOR ROCKED BY INFLATION – BUT HAS LATEST STRENGTHS TO PROSPER NONTHELESS
August 30th, 2022
The technical textile market looks set to ride out current turbulence caused by inflationary and geopolitical pressures, including Russian militarism, with a projected uptick in global performance - research and industry commentators predict. But plans for onshoring and innovation investments might be delayed as day-to-day costs continue to rise. Despite the fact price increases in much of the world are being borne by end user customers, the technical textile sector is forecast to grow by 4.8% compound annual growth rate (CAGR) between now and 2028, driven by the ...
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