Global Technical Textiles Business Update Report 2022: Nonwovens Industry will Increase by a CAGR of 6% Between 2020 and 2030, to $68.1 Billion

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Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Global Technical Textiles Business Update, 2022" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering.

This report provides a round-up of recent corporate developments in the global technical textiles sector, including: acquisitions, divestments and mergers; business news; investments; joint ventures; and markets.

The report contains news relating to the following innovative companies and other organisations:

• Ahlstrom-Munksj

• Albany International

• Andritz Group

• Archroma

• Autoliv

• AquaCast Liner

• Bast Fibre Technologies (BFT)

• Biosphere Corporation

• CEMATEX

• Coats

• Essity

• Faser Veredlung T?nisvorst (FVT)

• Fitesa

• Fraunhofer ITWM

• Freudenberg Performance Materials

• IMCD

• INDA

• Indorama Ventures (IVL)

• Innovatec

• Itema Group

• Kelheim Fibres

• Lamiflex

• Lumberton Cellulose

• Natureworks

• Piaggio Group

• Polychem Handelsges

• Reifenhauser Reicofil

• Safran Aircraft Engines

• Solvay

• Teijin Group

• Teijin Limited

• Trillium

• Trutzschler

• Vestas

• Weitmann & Konrad (Weko)

• Welspun Advanced Materials

• Zoltek

Key Topics Covered:

SUMMARY

ACQUISITIONS, DIVESTMENTS AND MERGERS

• Bast Fibre Technologies (BFT) has acquired Faser Veredlung Tonisvorst (FVT) and has agreed to acquire Lumberton Cellulose

• Hygiene and health company Essity has acquired AquaCast Liner, a provider of products for fracture management

• Machinery builder Itema Group has acquired composite components producer Lamiflex

• Speciality chemicals distributor IMCD is to buy chemicals and additives provider

• Polychem Handelsges

BUSINESS NEWS

• Biopolymer manufacturer NatureWorks is moving to a new headquarters and research facility

• Freudenberg Performance Materials is launching an initiative to highlight its sustainable products

• Household and hygiene products manufacturer Biosphere Corporation has ordered a high capacity hydroentanglement line from Andritz Group

• INDA has presented a plan on how it will support the nonwovens industry following the COVID-19 pandemic

• Kelheim Fibres has increased its prices in response to rises in the wholesale cost of natural gas

• Le Comite Europeen des Constructeurs de Machines Textiles (CEMATEX - The European

• Committee of Textile Machinery Manufacturers) has launched a new initiative to support start-up companies

• Speciality chemicals company Archroma has relocated its headquarters in Switzerland

• Sustainability certification has been awarded to two sites belonging to Indorama Ventures (IVL)

• Teijin Limited is to carry out a life cycle assessment on its carbon fibres

• The EU has provided three European partners with funding to continue the development of an

• enzymatic process for recycling polyethylene terephthalate (PET)

• The Fraunhofer-Institut fur Techno- und Wirtschaftsmathematik (ITWM-Institute for Industrial Mathematics) is using digital simulations of production processes to optimise the filtration efficiency of meltblown fabrics

• Trutzschler has unveiled its latest comber machine

• Vestas is planning to scale up wind turbine blade recycling partnerships

INVESTMENTS

• Ahlstrom-Munksjo is using new testing capabilities to develop molecular filter media for the automotive and industrial filtration markets

• Coats is to invest US$10 mn in an initiative to develop environmentally sustainable technologies and materials

• Innovatec is to invest in a non-contact fluid application system from Weitmann & Konrad (Weko) for functionalising meltblown nonwovens

• Spunmelt nonwovens producer Fitesa is to increase its production of sustainable spunmelt nonwovens by investing in a new line

• Teijin Group has expanded its capacity for producing heat resistant prepregs

• Welspun Advanced Materials has invested in a high speed hydroentanglement line supplied by Andritz Group

• Zoltek is to increase its production of large tow carbon fibre

JOINT VENTURES

• Autoliv and Piaggio Group have signed an agreement to jointly develop airbags for powered two-wheel vehicles such as scooters and motorcycles

• Safran Aircraft Engines and Albany International have agreed to extend their partnership

• Solvay and Trillium Renewable Chemicals (Trillium) are to work on the development of bio-based carbon fibre

MARKETS

• Revenues generated by the global nonwovens industry will increase by a compound annual growth rate (CAGR) of 6% between 2020 and 2030, to US$68.1 bn

• Sales of meltblown nonwoven fabrics have doubled because of the COVID-19 pandemic

For more information about this report visit https://www.researchandmarkets.com/r/yf1u9

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