Press release
Textile Market 2020: Global Industry Analysis By Size, Share, Growth, Trends And Forecast Till 2030
The Business Research Company
The global textile market is expected to decline from $673.9 billion in 2019 to $655.2 billion in 2020 at a compound annual growth rate (CAGR) of -2.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $795.4 billion in 2023.
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The textile market consists of sales of textiles by entities (organizations, sole traders and partnerships) that produce fiber, yarn, threads, carpets, rugs, linens and other textile products.
They have the ability to react to physical stimuli such as thermal, mechanical, electrical and chemical sources. Sensors, actuators and fabrics are the major components of smart textiles. The materials used in smart textiles include optical fibers, metals and conductive polymers. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military.
Textile Market Segmentation: -
By Type
1. Other Textile Product Mills
2. Fabrics
3. Yarn, Fiber And Thread
4. Home Furnishings And Floor Coverings
5. Textile and Fabric Finishing and Fabric Coating Mills
By Material
1. Cotton
2. Jute
3. Silk
4. Synthetics
5. Wool
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Textile Market Characteristics
4. Textile Market Product Analysis
5. Textile Market Supply Chain
……
20. Textile Market Competitive Landscape
21. Key Mergers And Acquisitions In The Textile Market
22. Market Background: Paper, Plastics, Rubber, Wood And Textile Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the textile market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the textile market are Toray Industries Inc; Mohawk Industries; Indorama Corporation Pte Ltd; Beaulieu International Group; Weiqiao Textile Company Limited
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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