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Technical TextilesInternational Trends
Vibrant GujaratVibrant Gujarat Presentation
Prepared by
www.gherzi.com
Page 1Vibrant Gujarat Conference 2010, India
India – November 20th, 2010
Gherzi Group
World leading consultancy for the Fibre Textile TechTex & Nonwoven and
Management &Organisation Corparate Finance Engineering
World leading consultancy for the Fibre, Textile, TechTex & Nonwoven and Garment industry with more than 900 full time employees
BOSSRestructuring and
Organisation p g g
BOSSH U G O B O S STurn-around
Strategy
Market Studies
M & A
Supply Chain
Operational ImprovementOperational Improvement
Product Development
Page 2Vibrant Gujarat Conference 2010, India
International Trends in Technical Textiles
Agenda
1 T h i l T til M k t O i1 Technical Textile Market Overview 3
2 High Growth Applications 7
3 High Growth Technologies 12
4 Growth Opportunities 254 Growth Opportunities 25
Page 3Vibrant Gujarat Conference 2010, India
Technical Textile Market Overview
$World markets for Technical Textiles are growing by 23 Bn US $ in 5 years withthe Asian share increasing to 45 %
World market for Technical Textiles
1995 2000 2005 2010Bn US$
120
140
93
110133
5463
73
60
80
100 78
59 % 58 %
55 %
57 %
3239
47 60
46
20
40
60 59 %
41%
58 %
42%
45%43%
320
A iRest of World
41%
Page 4Vibrant Gujarat Conference 2010, India
Source: DRA, Gherzi analysis and research
Asia
Technical Textile Market Overview
Generally, emerging economies show the highest growth rates in TechnicalTextiles
T h i l T til L t t d b i
2005 2010 CAGR 05 / 10 [%]
Technical Textiles: Long term trend by region
Total: 127 2 M US$
Asia: 4 4 %Total: 106.8 M US$
Total: 127.2 M US$
Asia 48.4
59.9Asia: 4.4 %
America 30.034.8 America: 3.0 %
Europe
ROW
25.6 29.2
2.8 3.3
Europe: 2.7 %
ROW: 3.3 %
Page 5Vibrant Gujarat Conference 2010, India
Source: IVGT
Technical Textile Market Overview
By 2010 China and India will have become major global players in Technical Textiles with China achieving a world market share of 26 % and India a share of 9 %
Technical Textiles production in ‘000 tons
China[‘000 tons]
India
20102002 20102002
5,000
6,000
2 000
3,000
4,000
4 105
6,065
0
1,000
2,000 4,105
1,3402,075
Page 6Vibrant Gujarat Conference 2010, India
Source: Technical Textile International, Ministry of Textiles India, Gherzi analysis and estimates
International Trends in Technical Textiles
Agenda
1 T h i l T til M k t O i1 Technical Textile Market Overview 3
2 High Growth Applications 7
3 High Growth Technologies 12
4 Growth Opportunities 254 Growth Opportunities 25
Page 7Vibrant Gujarat Conference 2010, India
High Growth Applications
Geotech, Indutech & Buildtech are expected to be the highest growth TechTexapplications worldwide
Technical Textile long term trendTechnical Textile long term trend
M US $ 2005 2010 CAGR %
G %Geotech 927 1,202 5.3 %
Indutech 16,687 21,527 5,3 %
Buildtech 7,379 9,430 5.0 %
Source: DRA (excluding Oekotech)
Page 8Vibrant Gujarat Conference 2010, India
High Growth Applications
Geotextiles are expected to grow on average by 5 % p.a. ‘till 2013. Emerging markets like Asia / Pacific show the highest growth rates
Demand of Geotextiles 2013 [Mm²]
/ fOthers
4.715 Mm²
[Mm²] 2008 2013 AGR [%]Asia / Pacific(2340 Mm²)
Western Europe (775 M ²)
Others (595 Mm²)
12.6 %
[Mm ] 2008 2013 AGR [%]
North America 865 1005 3,0
44.6 %
(775 Mm²)16.4 % Western
Europe 710 775 1,8
Asia / 1610 2340 7 821.3 % Pacific 1610 2340 7,8
Others 465 595 5,1
North America (1005 Mm²) Total 3.650 7.715 5,3
S G CS G
Page 9Vibrant Gujarat Conference 2010, India
Source: The Freedonia Group, IMaCS analysis, Gherzi analysis
High Growth Applications
Successful Geotech companies in Europe are outgrowing the market
Major European Geotech companies (Sales in M€)j p p ( )
Naue GmbH (Germany) Huesker Geosynthetics (Germany)
140.0 109.2
115.7 90.7
Year: 2006 2008 2006 2008
Page 10Vibrant Gujarat Conference 2010, India
Source: Unternehmensregister
Year: 2006 2008 2006 2008
High Growth Applications
The same holds true for leading Indutech & Buildtech companies in Europe
Growth of examples for Indutech & Buildtech in M€p
Habasit (CH) GKD
516.9
452.1
102 6
73.3
102.6
Year: 2006 2008 2006 2008
Page 11Vibrant Gujarat Conference 2010, India
Source: Habasit, Unternehmensregister
Year: 2006 2008 2006 2008
International Trends in Technical Textiles
Agenda
1 T h i l T til M k t O i1 Technical Textile Market Overview 3
2 High Growth Applications 7
3 High Growth Technologies 12
4 Growth Opportunities 254 Growth Opportunities 25
Page 12Vibrant Gujarat Conference 2010, India
High Growth Technologies
Examples of high growth technologies
Nonwovens
Composite reinforcement
Page 13Vibrant Gujarat Conference 2010, India
High Growth Technologies
Generally, Nonwovens show the highest growth rate of all Technical Textiletechnologies
Worldwide Nonwoven production from 2002 to 2012 (Fc.)
2002 2007 2012 (Fc.)
30 6
15.1 Bn US$
20.9 BnUS$
30.6 Bn US$
Bn US$
Page 14Vibrant Gujarat Conference 2010, India
Source: INDA, Edana estimates
High Growth Technologies
Amongst all regions China shows the highest growth in Nonwoven production
[in kt] 1997 2002 2007 2012 (est.) CAGR [97/12]
Nonwoven production Outlook by region
Europe 781 1.263 1.659 2.339 7.6 %
China 211 478 1.136 2.068 16.4 %
Other Asia Pacific 308 405 573 777 6.4 %
North America 897 1.184 1.491 1.845 4.9 %
So th America 101 172 254 419 9 9 %South America 101 172 254 419 9.9 %
Japan 298 298 338 388 1.8 %
Middle East 63 120 174 272 10 2 %Middle East 63 120 174 272 10.2 %
ROW 29 47 126 304 17.0 %
Total 2.688 3.967 5.751 8.412 7.9 %
Page 15Vibrant Gujarat Conference 2010, India
Source: Inda, Edana, Gherzi estimates
High Growth Technologies
Compared to China Indian Nonwoven production is underdeveloped
Asia’s growth of Nonwoven production
[tons] 1.095.000 t 1.909.000 t 3.031.000 t
3.000.000 India
2.000.000
China1.000.000
China
[year]
Page 16Vibrant Gujarat Conference 2010, India
Source: ANNA, KNIC, TNFIA, CNTA, Gherzi estimates
High Growth Technologies
In 2012 the world Nonwoven production (~ 8.4 million tons) will split by process as follows
Nonwovens segmented by application
Wet laid4%
Air laid Pulp8%World Nonwoven production
2012: ~ 8.4 Mn tons
Spunlaid48%
2012: 8.4 Mn tons
48%Carded
40%
Page 17Vibrant Gujarat Conference 2010, India
Source: INDA estimates, Gherzi estimates
High Growth Technologies
Spunbond is the fastest growing Nonwoven technology
Development of Nonwoven technologies from 1997 to 2012 (Fc.)
40394000
4500[kt]
Spunbond(ex chips)
2621
3396
2500
3000
3500
16051453
1889
2507
1500
2000
2500
283159 293 406694
942
1453
500
1000
126 186 217 283159
0
Spunbond Carded Air laid Wet laid
1997 201220072002
Page 18Vibrant Gujarat Conference 2010, India
Source: INDA estimates
Spunbond Carded Air laid Wet laid
High Growth Technologies
Carded NW production by bonding technology shows the highest growth in hydro-entangled (spunlace) Nonwovens
Development of Nonwoven carded production from 1997 to 2012 (est.)
1600
1800[kt]
1115
1562
1200
1400
1600
Spunlace1083
664778
1115
780782
751800
1000
p(ex carded
fleece)
168
331
610621
200
400
600
168
0
Needle punch Spunlace Thermal / Resin
1997 201220072002
Page 19Vibrant Gujarat Conference 2010, India
Source: INDA estimates
Needle punch Spunlace Thermal / Resin
High Growth Technologies
Nonwoven technology has allowed for exceptional company growth in Europe
Example: Pegas (CZ)Example: Pegas (CZ)
2010 (exp.) 2003
138 M€
50 M€
Source: Pegas
50 M€
Page 20Vibrant Gujarat Conference 2010, India
High Growth Technologies
Examples of high growth technologies
Nonwovens
Composite reinforcement
Page 21Vibrant Gujarat Conference 2010, India
High Growth Technologies
Definitions
Composites are mainly produced by resin impregnation of sometimes pre impregnatedComposites are mainly produced by resin impregnation of – sometimes pre-impregnated (‘prepreg’) – fibre structures
The fibres give strength to the composite structure without adding undue weight
Composites can be segmented into ‘low performance’ (using chopped glass or glass mats asComposites can be segmented into low performance (using chopped glass or glass mats as reinforcement) and ‘high performance’ (using fabrics of glass, polyester, aramide or carbon as reinforcement)
S T h i l T til M k t
Page 22Vibrant Gujarat Conference 2010, India
Source: Technical Textile Markets
High Growth Technologies
On a world scale above average growth is expected especially for the wind energy and aerospace segments
World market growth by application% CAGR
2005 - 2010Wind energy10
World market growth by application
Aerospace9
8
7
Electrical /Electronic
Pipe&
Tank*
World average growth2005 2010
Transpor-tation
ConstructionOthers
7
6
5
2005 - 2010Consumergoods
Marine
4
3
2
World market2005 in kt
1
00 1000 2000 3000 4000 5000 6000
Page 23Vibrant Gujarat Conference 2010, India
Source: E-Composites
* driven also by canal revamping
S t th ( lti i l i li t) d t t th tt ti f
High Growth Technologies
Saertex company growth (multiaxial specialist) demonstrates the attractiveness ofthe high performance composite reinforcement segment
Example: Saertex (D)
2001 2004 2006 2008 2009 (est.)
CAGR 21.2 %
125M€
133.5 M€ 140 M€
30 M€55M€
Page 24Vibrant Gujarat Conference 2010, India
Source: INDA, Gherzi estimates
International Trends in Technical Textiles
Agenda
1 T h i l T til M k t O i1 Technical Textile Market Overview 3
2 High Growth Applications 7
3 High Growth Technologies 12
4 Growth Opportunities 254 Growth Opportunities 25
Page 25Vibrant Gujarat Conference 2010, India
Conclusion & Growth Opportunities
Technical Textiles will continue to grow worldwide – especially in the emerging markets
Climate changes leading to floods, hurricanes, etc. favour the worldwide use of Geotextiles which is one of the strongest growing Technical Textile segmentsg g g g
A i ill b j l b l l i T h i l T til d t th hi h thAsia will become a major global player in Technical Textiles due to the high growth rates of local markets and increasing installation of local state-of-the-art production capacity
Compared to China India still lags behind especially in Nonwoven production
Page 26Vibrant Gujarat Conference 2010, India
Conclusion & Growth Opportunities
New manufacturing technologies show above average growth rates
o Nonwoveno Multi-axial technologyo Multi-axial technologyo etc.
Textile reinforcement of high performance composites (such as with carbon fibres) isbecoming more and more important in respect to reducing weights (such as in air-planes and cars) or stemming from the demand from new sectors like wind energyplanes and cars) or stemming from the demand from new sectors like wind energy
Internationally, composite reinforcements and Nonwovens have been the foundation for exceptional growth
Page 27Vibrant Gujarat Conference 2010, India
Thank you very much for your attention!Q & A
• Thank you very much for your attention!
Questions are welcome!
Page 28Vibrant Gujarat Conference 2010, India