Textile Fabrics Market By Fabric Type (Cotton, Polyster, Polyamide, Others), By Application (Fashion & Clothing, Household, Technical): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global textile fabrics market size was valued at $498.0 billion in 2021, and is projected to reach $942.8 billion by 2031, registering a CAGR of 6.7% from 2022 to 2031.
Textile business uses a wide variety of fabrics, including wool, silk, cotton, and polyester. Wool which is essentially of hydrogen, carbon, sulphur, and nitrogen, is extensively used to manufacture insulation products including winter wears, blankets, carpeting, upholstery, and others. Furthermore, the products made from the same are used to absorb odour and noise in heavy machinery, thereby contributing toward the growth of technical application. Other raw materials used in the production of textiles are silk, minerals such as glass fibres and asbestos, and other synthetic material. Silk finds extensive use in the manufacturing of clothing, surgical suture, parachutes, silk comforter, and various others having high strength and elasticity. This is anticipated to propel the market growth during the projection period.
The enormous growth in the requirement for apparel, increase in demand for sportswear, rise in disposable income, rapid urbanization, increase in exposure to social media, social media business, and rise in popularity of influencers have contributed to the massive growth of the global textile fabrics market. Furthermore, rise in trend of smart textiles in the market that use optical fibres, metals, and various conductive polymers to interact with the environment, thus it is projected to propel the market over the forecast period. Textile fabrics help in detecting and reacting to various physical properties including mechanical, thermal, or chemical and electric. This is anticipated to drive market growth during the forecast period. However, the expansion of the market is projected to be restrained by the unstable cotton prices and the current import-export pattern of trading countries.
The global textile fabric market is segmented on the basis of fabric type, application, and region. On the basis of fabric type, the market is classified into cotton, polyster, polyamide, and others. On the basis of application, the market is classified into fashion & clothing, household, and technical. On the basis of region, the market is classified into North America, Europe, Asia Pacific, and LAMEA.
The major players operating in the industry include DuPont, Wolfin Textile Ltd., Coville Inc, China textile co. ltd, Klopman International, Loyal Textile mills ltd, Premier Textiles, Weiqiao Textile Co. Ltd, Whaley Bradford Ltd, and Yi Chun Textile Ltd. These players have adopted product launch, acquisition, and business expansion as their key strategies to increase their market shares.
IMPACT OF COVID-19 ON THE TEXTILE FABRICS MARKET
Due to the COVID-19 pandemic, transport limitations were implemented, which resulted in textile raw material procurement, reduced apparel industrial production and disrupted supply chains. Thus, affecting the global economic growth by a substantial proportion and severely impacted the market growth.
The COVID-19 crisis caused a sharp rise in the need for medical apparel, including gowns, masks, and other accessories. This had a beneficial impact on the market for textile fabrics.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the textile fabrics market analysis from 2021 to 2031 to identify the prevailing textile fabrics market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the textile fabrics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global textile fabrics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Fabric Type
Cotton
Polyster
Polyamide
Others
By Application
Fashion Clothing
Household
Technical
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
DuPont de Nemours, Inc.
Wolfin Textile Ltd.
Coville Inc
China textile co. ltd
Klopman International
Loyal Textile mills ltd
Premier Textiles
Weiqiao Textile Co. Ltd
Whaley Bradford Ltd
Yi Chun Textile Ltd
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