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2009 IFAI State of the Industry Report on the Specialty Fabrics Industry, Part I and Part II
Industrial Fabrics Association International (IFAI), April 2009, Pages: 15
The 2009 IFAI State of the Industry Report on the specialty fabrics industry features a two-part series. A condensed version of Part I of the report was featured in the February issue of Specialty Fabrics Review.
Part I focuses on the U.S. specialty fabrics market: Market size, forces, key markets, market trends, global trade issues, and the market outlook. Part II focuses on the outlook for end-product manufacturers in four specific areas: Awnings and canopies, tent rental, marine, and lightweight structures.
World growth rates for all textile markets—including specialty fabrics—decreased in 2008 due to tight credit markets, lack of customer demand, and a lingering global recession. Key trends impacting the U.S. specialty fabrics market in 2008 included high prices for petrochemical related raw materials, depressed consumer demand, foreign competition, consolidation among suppliers and end product manufacturers, and the green/sustainability movement.
Of the three major textile markets—specialty fabrics, home furnishings, and apparel—specialty fabrics provides the greatest opportunities for growth in 2009. Some of the best growth opportunities within the U.S. specialty fabrics market reside in high value market niches such as: safety and protection/military, geosynthetics, medical textiles, and digital textile printing.
Albeit the market outlook for the specialty fabric market is not rosy through the second and maybe third quarter of 2009, the successful players in the market are staying the course and are investing in high-value, innovative product offerings, focusing on service and quality, and keeping a close eye on controlling costs.
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