Textile Market Size, Share, Trends and Forecast 2022-2027

The IMARC Group provides extensive analysis of the textile industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on textile market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players

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The global textile market size reached US$ 936.9 Billion in 2021. 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.

Textile Market Trends:

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 global textile market to reach US$ 1,217.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.37% during 2022-2027.

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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 (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
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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