The market report offers comprehensive coverage of all the important factors such as market drivers, leading players, latest trends, revenue, growth rate, volume sales, and consumer insights. The rapid urbanization, increasing number of supermarkets & retail stores worldwide, and growing disposable income are the key factors driving the growth of the textile market.
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Textile Market Overview: (Including market share, size, trends, statistics, growth, forecast, and industry analysis)
Market Drivers, Trends & Restraints:
The global textile market is expected to grow at a significant rate during the forecast period due to the strong demand for protective clothing, clothing accessories, and technical textile from the automotive & construction industries. Moreover, rapid urbanization, increasing number of supermarkets & retail stores worldwide, and growing disposable income are the major factors surging the growth of the global textile market in the upcoming years. Additionally, the rising awareness related to personal protective equipment (PPE) in the manufacturing industry on account of strict regulations for worker safety is another factor that will have a positive influence on the demand for engineered fiber products like nylon, thus fuelling the growth of the market. Furthermore, increasing technological innovations for the introduction of new upholstery products obtained from spider silk and coated fabrics is a major factor that brings innumerable new growth opportunities for the market during the forecast period. On the other hand, the factor restraining the growth of the textile market includes the higher fragmentation of the market.
Regional Drivers:
Based on the region, Asia-Pacific is projected to increase at a higher CAGR during the forecast period. This is attributed to the strong demand for apparel, particularly through e-commerce portals. Additionally, the rising preference of manufacturers to set up their production units in countries including India, China, Bangladesh, and Pakistan owing to the easy availability of skilled labor at less cost are the factors energizing the growth of the textile market.
Competitive Landscape:
The notable players in the Textile Market are as follows:
- Invista
- Toray Industries Inc.
- Solvay
- Honeywell International Inc.
- Ibena Textilwerke GmbH
- Bombay Dyeing
- Grasim Industries Limited
- DBL Group
- The TJX Companies Inc.
- VF Corporation
Market Segmentation
Textile Market by Product:
- Natural Fibers
- Polyesters
- Nylon
- Others
Textile Market by Raw Material:
- Cotton
- Chemical
- Wool
- Silk
- Others
Textile Market by Application:
- Fashion & Clothing
- Apparel
- Ties & Clothing Accessories
- Handbags
- Others
- Household
- Bedding
- Kitchen
- Upholstery
- Towel
- Others
- Technical
- Construction
- Transportation
- Medical
- Protective
- Others
- Others
Textile Market by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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