CONFERENCE HEARS HOW SMART FABRICS ARE FUELLING TECHNICAL TEXTILE MARKET GROWTH WORLDWIDE
April 1st, 2016
The worldwide market for smart fabrics is projected to be USD2.2 billion in 2016 and is growing at an 18% clip annually, according to topline numbers presented by the Industrial Fabrics Association International (IFAI), at the Smart Fabrics Summit held in Washington DC on April 11. The event was co-organised by the IFAI and the US department of commerce.
Jeff Rasmussen, the market research manager of the IFAI, said the US sector, which currently comprises about 45% of the global market, is also poised for strong growth of 27% this year. Both the US and ...
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