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Blended Fibers Market Analysis by Top Key Players: National Spinning Co., Inc. (USA), Leigh Fibers, Inc., Reliance Industries, Wellspun Industries
Blended Fibers Market
Textile industry expansion will support blended fibers market growth. As per industry estimates, the U.S. apparel and textile sector and man-made fiber & filament demand were valued over USD 75 billion in 2016. Increasing modern technologies adoption associated with blending variety of fabrics including nylon and polyester will drive market growth. Improved fabric appearance & durability along with ease in handling will support product penetration.
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Cotton/Polyester is projected to witness a growth over 3% up to 2024. Potential application scope in daily wear clothing is major factor driving industry growth. Polyester blend with cotton in 59/50 proportion produces more porous and lenient fabric, that is widely used in the textile industry. Superior features including improved strength for shape retention and wrinkle resistance will further enhance product demand. Increasing application in wide ranging manufacturing processes for slacks, dresses and shirts will augment blended fibers market.
Increasing R&D investment and implementation of supportive legislations in several countries will enhance product demand. For instance, Indian government initiatives including "Make in India" and Technology Upgradation Fund Scheme (TUFS) will positively influence domestic productivity. In addition, rising foreign direct investments to boost textile and apparel sector is anticipated to propel blended fibers market. Constant disparity in raw material costs including nylon, polyester and cotton may constraint industry expansion.
Global blended fibers market share includes:
• National Spinning
• Reliance Industries
• Pennine Textiles and Recycling
• Sutlej Textiles and Industries
• Wellspun Industries
Rising competition among existing players and new entrants is anticipated to enhance product development during the forecast period.
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Increasing consumer disposable income coupled with enhanced product accessibility through various channels including online portals, retail network and stores will boost blended fibers demand. Necessity to avoid rewinding and extra yarn production costs will augment blended fibers market demand over the forecast period.
Home furnishing was valued over USD 9.8 billion in 2016. Rapid globalization along with high availability of home decor designs and products for consumers will positivity support product penetration. Changing consumer trends associated with custom designed furniture and growing demand for designer blinds & windows will further propel product demand. Moreover, expansion of real estate industry and increasing adoption of ecologically friendly products will drive blended fibers market development.
Apparel segment is expected to hold over 60% market share by 2024. Extensive application of blended fibers for various processes including weaving, knitting, crocheting and felting will drive this segment growth. Increasing demand for fashionable, construction, protective and medical wear will further benefit product demand. Supportive government investment to promote domestic clothing industry is projected to propel blended fibers market growth.
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