According to IMARC Group’s latest report, titled “Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global textile market exhibited moderate growth during 2015-2020. Textiles represent the materials manufactured with thin threads, fibers, filaments, etc., of natural or artificial sources, or a combination of both. Textile fibers are generally manufactured by interlocking the yarns by knitting, weaving, and felting in specific patterns and processing them to form a length of cloth. Some examples of natural textiles include cotton, silk, jute, flannel, hemp, denim, leather, velvet, wool, linen, etc., while artificial textiles include polyester, nylon, acetate, acrylic, polar fleece, rayon, spandex, etc. Certain textiles exhibit various favorable properties, such as high resistance to alkalis, acids, temperature changes, moisture, etc. Consequently, they are widely utilized for manufacturing insulating and cushioning materials, carpets, air filters, coated fabrics, etc.
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The rapidly expanding apparel industry across the globe is one of the primary factors driving the textiles market. Moreover, the escalating adoption of nylon as a cost-effective substitute to natural silk for producing durable flak vests, dress materials, parachutes, etc., is also catalyzing the market growth. Besides this, the shifting consumer preferences towards wool as an effective insulation material for winter wear, comforters, carpets, upholstery, etc., is acting as another significant growth-inducing factor. Additionally, the rising utilization of polyethylene (PE), aramid, polypropylene (PP), polyamide, etc., for covering heavy machinery to minimize noise and protect the equipment from vibrations is further augmenting the global market. Apart from this, several product innovations, including the launch of optical fibers and conductive polymers, which are sensitive to physical, thermal, mechanical, electrical, and chemical stimuli, are expected to bolster the textile market in the coming years. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Aditya Birla Ltd.
- Arvind Limited
- Asahi Kasei Corporation
- BSL Limited
- China Petroleum Chemical Corporation
- DuPont de Nemours Inc.
- Honeywell International Inc.
- INVISTA (Koch Industries Inc.)
- Paramount Textile Mills (P) Ltd
- Solvay and Toray Industries Inc.
Market Segmentation:
Breakup by Raw Material:
- Cotton
- Chemical
- Wool
- Silk
- Others
Breakup by Product:
- Natural Fibers
- Polyesters
- Nylon
- Others
Breakup by Application:
- Household
- Technical
- Fashion and Clothing
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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