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Blended Fibers Market Growth 2019 By Key Players are: Wellspun Industries, Sutlej Textiles and Industries, Pennine Textiles and Recycling, National Spinning
Blended Fibers Market
Blended Fibers Market in North America was valued over USD 9 billion in 2016. Efficient supply chain network, strong product offerings along with enhanced customer management are major factors positively impacting regional industry demand.
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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. 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.
Blended Fibers Market by Product:
• Cotton/polyester
• Cotton/polyester/cellulose
• Nylon/wool
• Elastane/nylon/cotton
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.
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Blended Fibers Market by Application:
• Apparel
• Home furnishing
• Technical
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.
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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