Press release
Textile and Fabric Finishing and Fabric Coating Mills Market: A Rapid Growth Trajectory
The textile and fabric finishing and fabric coating mills market has witnessed rapid growth, escalating from $72.56 billion in 2023 to $81.94 billion in 2024, exhibiting a substantial compound annual growth rate (CAGR) of 12.9%. The trajectory is anticipated to persist, projecting a robust textile and fabric finishing and fabric coating mills market size of $122.12 billion by 2028, sustaining a steady CAGR of 10.5%.E-Commerce Expansion Boosts Market:
The surge in online shopping has emerged as a pivotal driver, directly impacting textile and fabric finishing and coated products. The extensive reach provided by e-commerce platforms enables manufacturers to broaden their customer base geographically, contributing significantly to the market's upward trajectory. Notably, countries like India have experienced amplified sales facilitated by e-commerce platforms, providing broader exposure to producers.
Construction Industry Demand Surge:
The growing demand in the construction sector plays a pivotal role in propelling the textile and fabric finishing and fabric coating mills market forward. Textile and fabric finishing, along with fabric coating mills, contribute vital materials to the construction industry, enhancing product performance, durability, and aesthetics. With global construction output anticipated to increase by 42% between 2020 and 2030, reaching $15.2 trillion, the demand for specialized materials in construction drives market growth.
Explore the Global Textile and Fabric Finishing and Fabric Coating Mills Market with a Detailed Sample Report:
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Key Players:
Leading companies in the textile and fabric finishing and fabric coating mills market, including Daiwabo Holdings Co. Ltd., Grasim Industries Limited, and Hanesbrands Inc., wield significant influence in shaping market dynamics and adapting to evolving trends.
Environmentally Sustainable Practices in Textile Manufacturing:
Environmental concerns have spurred a shift toward sustainable fabric coating methods in the textile industry. Collaborations, such as the partnership between Arvind Ltd. and DyeCoo, showcase the adoption of CO2 dyeing, an eco-friendly alternative. This innovative process significantly reduces water consumption, energy usage, and chemical waste, aligning with environmentally conscious practices.
Innovative Product Focus:
Major textile and fabric finishing and fabric coating mills market players emphasize innovation, exemplified by the introduction of G-Heatex-a line of graphene-coated fabrics. Developed by Grafren AB, these fabrics offer flexibility, breathability, and ultra-lightweight properties while emitting strong, even heat. Applications range from heated apparel to medical, automotive, aerospace, and sports, reflecting a commitment to providing reliable and innovative solutions to customers.
Regional Overview:
In 2023, Asia-Pacific emerged as the largest region in the textile and fabric finishing and fabric coating mills market, with North America securing the second-largest position. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segmentation:
The textile and fabric finishing and fabric coating mills market covered in this report is segmented -
1) By Type: Textile and Fabric Finishing Mills, Fabric Coating Mills
2) By Technology: Traditional, Advanced
3) By End-Use Industry: Transportation, Building and Construction, Protective Clothing, Industrial, Medical, Sports, Agriculture, Packaging
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Textile and Fabric Finishing and Fabric Coating Mills Global Market Report 2024 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Textile and Fabric Finishing and Fabric Coating Mills Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on textile and fabric finishing and fabric coating mills market size, textile and fabric finishing and fabric coating mills market drivers and trends, textile and fabric finishing and fabric coating mills market major players, competitors' revenues, textile and fabric finishing and fabric coating mills market positioning, and textile and fabric finishing and fabric coating mills market growth across geographies. The textile and fabric finishing and fabric coating mills market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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