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(MoneyNewsWire.Net, July 23, 2018 ) Knitted fabrics comprise companies engaged in knitting weft (i.e., circular) and warp (i.e., flat) fabric, knitting and finishing weft and warp fabric, manufacturing lace, manufacturing dyeing, and finishing lace and lace goods. Companies in this industry may knit only, knit and finish, or knit, finish, and further fabricate fabric products (except apparel).
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The global knitted fabrics market was valued at $80 billion in 2017. The market saw a growth as knitted fabrics generated substantial demands on the innovative 3-dimensional (3D) technology. Knitted fabrics are majorly used in industrial functions. Fabric will combine the functions of medium, carrier and interface for an extremely wide range of industrial applications. The 3D textiles are used as reinforcement materials in combination with several matrices to make textile structural composites. The demand for these composites are extensively derived from various fields such as civil engineering and military industry.
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China was the largest country accounting for almost one-sixth of the global knitted fabrics market. This is partially due to high presence of fabrics and apparel manufacturing facilities in China, which consume textiles as raw materials. China was followed by India and Japan as the next largest countries in the market.
The top five competitors in the market are Square Fashions Ltd followed by Opex Sinha Group, Fakir Group, Loyal Textiles Mills Ltd, and Weft Knitting. SQUARE Fashions stepped in the textiles business in 1997 by its yarns manufacturing unit namely Square Textiles Ltd. With most sophisticated vertically integrated infrastructure SQUARE FASHIONS LIMITED (SFL) started its project in 2001 & production in 2002 with the combination of modern technology and skilled professionals which helped it achieve the position to cater the world’s top-notch customers in a short span of time. Square Fashions Ltd. is in the process of becoming a one-stop destination for international RMG buyers.
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