Energy-efficient and sustainable technologies for the entire production process
Global fiber production growth slowed to about 1% in 2019 according to The Fiber Year 2019 report. Although demand continues to grow as populations and economies expand, the industry was challenged by the economic climate. Natural fibers production growth softened nearly 2% as a result of lower cotton cultivation, while the manmade fibers business continued to expand. Filament yarns recorded the highest growth rate in three years at 3.5%. Nonwovens and unspun applications continued to experience faster growth (4%) for the fifth consecutive year. According to the Global Synthetic Fibers Industry report, the global synthetic fibers industry is poised to reach more than USD 96.9 billion by 2025.