Production of technical textiles in Russia is expected to grow over seven per cent year on year through 2017. The technical textile and industrial nonwoven industry in Russia is currently witnessing steady growth. Russia hopes to increase its domestic production of technical textiles up to 80 per cent of the national market by 2020.
Production of technical textiles in Russia is closely based on the country’s economic benefits, and in particular lower costs compared to China and other technical textile emerging markets, thanks to Russia’s cheaper energy resources and relatively low wages in the industry. All these advantages can attract investors from both domestic and international markets.
Consumption of technical textiles in Russia will continue to grow in 2017, mainly driven by the ongoing recovery of the Russian economy from the previous financial crisis and the demand for technical textiles from major consuming industries, in particular, defense, which is one of the largest technical textile consuming sectors in Russia, consuming up to 60 per cent of domestic technical textiles production.
Russia’s leading producers in technical textiles and nonwovens have invested for expansion of production of polyamide fibers and fabrics. The country’s technical textile market was estimated at around 40 million dollars in 2016.