Textile Market Size, Trends, Scope, Growth Factor and Forecast 2022-2027

According to IMARC Group's latest report, titled "𝐓𝐞𝐱𝐭𝐢𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global textile market size reached US$ 936.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,217.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.37% during 2022-2027.

Textile represents the materials that are manufactured by using thin threads, fibers, and filaments of natural, artificial, and combination sources. Textile fibers are generally made by interlocking the yarns by knitting, weaving, and felting in particular patterns and processing them to build a length of cloth. Some of the natural textiles comprise cotton, silk, jute, denim, flannel, leather, velvet, hemp, wool linen, etc. On the other hand, artificial textiles consist of nylon, polyester, acetate, rayon, acrylic, polar fleece, spandex, etc. In line with this, they exhibit numerous beneficial properties, including high resistance against acids, alkalis, temperatures, moisture, etc. Consequently, these textiles are widely used in the production of apparel, cushioning, insulating materials, carpets, air filters, coated fabrics, etc.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/textile-market/requestsample

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.

𝐓𝐞𝐱𝐭𝐢𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The expanding apparel industry across countries is primarily augmenting the textile market. Furthermore, the widespread adoption of nylon as a cost-effective substitute for natural silk to produce durable flak vests, parachutes, dress materials, etc., is positively influencing the global market. Apart from this, the increasing demand for wool as an efficient insulation material in winter wear, comforters, blankets, carpets, upholstery, etc., is acting as another significant growth-inducing factor.

Moreover, the rising utilization of several textiles, such as polyethylene (PE), polypropylene (PP), aramid, polyamide, etc., to cover heavy machinery for reducing noise and protecting the equipment from vibrations is also bolstering the market growth. Besides this, various product innovations, including the introduction of optical fibers and conductive polymers that are sensitive to physical, electrical, mechanical, thermal, and chemical stimuli, are further catalyzing the global market. Additionally, the growing expenditure capacities of consumers and the inflating popularity of natural and sustainable fabrics are expected to fuel the textile market in the coming years.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=3728&method=1

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:

The competitive landscape of the industry has also been examined along with the profiles of the 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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on raw material, product and application.

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, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=3728&flag=C

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.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Bath and Shower Products Market: https://www.imarcgroup.com/bath-shower-products-market

Perfume Market: https://www.imarcgroup.com/perfume-manufacturing-plant

Herbal Supplements Market: https://www.imarcgroup.com/herbal-supplements-market

Air Freshener Market: https://www.imarcgroup.com/air-freshener-market

Hair Serum Market: https://www.imarcgroup.com/hair-serum-market

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This release was published on openPR.