93 / 404
93
Table 10: China filter market scale by end application
Unit: Million US dollars
End application
2000
2005
2010
2015
2020
Transportation
580
1,245
2,925
5,115
8,565
Manufacturing
220
485
1,165
2,065
3,420
Civil enterprise
95
195
640
1,175
2,050
Daily use
35
90
325
625
1,010
Others
170
285
645
1,120
1,955
Total
1,100
2,300
5,700
10,100
17,000
Source: The Freedonia Group, Inc. (2012), World Filters
5. Conclusion and Suggestion
In 2014, the global technical textile market is 141.6 billion
US dollars. In 2018, as forecasted, will grow up to 160.4
billion US dollars. At the present, technical textile is on
a highly-competitive status. The market driving force
includes innovation, product development, enhancing
product functions such as strength and endurance, global
automobile’s growth and development and building high
threshold at the major products.
As to the restriction of industrial textile, they cover from
high costs keeping up high prices, the current market
in need of specific multiple functions and no chance to
develop more demands, etc.
Technical textile in all fields will continue growing
until 2018. Due to the feature of high added values, in
the countries with highly-developed textile industry,
technical textile has a high proportion in the whole textile
industry. In the Chinese documentary film, Under the
Dome, by Ms. Chai Jing, it is clear that technical textile
has an immense potential market. Currently global
environmental awareness is even growing stronger. It
is clear to know that technical textile in the application
of environmental issues has a great potential market.
Now around the globe, due to the fierce environmental
awareness, all countries have been pulling strength
to promote environmentalism from textile material,
middle products, product application and the after-
sales service, there are full of opportunities to innovate
and create values. Here is the suggestion for the textile
enterprises: For those plan to expand markets, there
shall be simultaneous investment in both research and
development and innovation. Meanwhile, in combination
with self-advantages and resource, they could move
towards the futuristic products and fields, finding niche
products and market so as to grab the growing business
of technical textile.