This year's economic boom has made the textile industry slow, but industrial textiles are becoming an important growth pole. Li Lingshen, president of the China Association of Industrial Textiles, revealed recently that with the active promotion of the government, industrial textiles as a strategic emerging industry, the market prospects are huge. It is estimated that by 2050 China's total industrial textile fiber processing will account for 67% of total textile processing.
In addition, China's industrial textiles rely on a relatively low degree of foreign trade, and are less affected by the deteriorating export environment. The gross profit margin is a leading position in the textile industry.
Wide range of applications
“China is currently the main producer of surgical clothing products and hygiene products.†At the 2012 Textile Innovation Conference, Li Lingshen introduced that industrial textiles involve medical and health, transportation, aerospace and other fields. Taking the automobile as an example, there are 80 components in each car involved in industrial textiles.
To control PM2.5, filtration textiles have been rapidly developed in recent years; the South-to-North Water Diversion Project has led to the development of geotextile textiles; in addition, safety and protective textiles and textiles for structural reinforcement have achieved rapid development. “From the head to the feet, industrial textiles have high technological content, high added value, low environmental resource consumption, and high overall efficiency. Their products are recyclable, biodegradable and compostable, and are in line with environmental protection trends.†Li Ling Shen introduced that in the context of industrial upgrading, structural adjustment, and promotion of innovative industries, the prospects for the development of industrial textiles are limitless.
The expansion of market demand and the expansion of application areas have driven the rapid development of the industry. In fields such as life safety, industrial safety, environmental protection, and national defense construction, industrial textiles mostly belong to rigid demand.
According to the "12th Five-Year Plan" of the industrial textile industry, it is expected that by 2015, the total volume of textile fibers for industrial textiles will account for 25% of the total fiber processing volume in the textile industry. According to industry insiders, the current total volume of industrial textile fiber processing has exceeded 9.2 million tons, which is more than 20% of the total processing volume of textile fibers.
Low dependence on foreign trade
“Industrial textiles are taking on the new growth pole of the textile industry.†Li Lingshen pointed out that gross profit margin is a leading position in the textile industry.
The overall textile and apparel industry has been worrisome this year, and the development of industrial textiles has also encountered challenges. However, the overall operation has been stable and the corporate profits have been in good conditions. The data show that from January to September, 1578 industrial textile enterprises above designated size achieved a total income of 151.5 billion yuan and a profit of 7.4 billion yuan, a year-on-year increase of 14.8% and 16.7% respectively. The profit growth rate of the industry in the first three quarters was higher than that in the first half of the year. The average profit margin was 4.85%, which was slightly higher than the same period of last year.
Li Lingshen pointed out that China’s industrial textiles have a relatively low dependence on foreign trade and almost all of them are consumed domestically. In 2011, the export volume was only 16.3 billion U.S. dollars. Due to the impact of deteriorating export environment, the industry has been leading the textile industry this year.
Insiders said that China's industrial technology with the world's advanced level of textile gap is narrowing, while the country has also given a strong policy support, the industry is expected to continue to maintain double-digit growth.
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