Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on diifferent end use industries. These insights are included in the report as a major market contributor.

Textile refers to the materials manufactured using thin threads, fibers and filaments of natural, artificial or combination sources. The textile fibers are usually manufactured by interlocking the yarns by weaving, knitting and felting in specific patterns and further processing them to form a length of a cloth. Some of the natural textiles include cotton, silk, jute, denim, flannel, hemp, leather, velvet, wool and linen. On the other hand, artificial textiles include nylon, polyester, acetate, acrylic, polar fleece, rayon and spandex. Certain textiles exhibit various favorable properties, such as high resistance against acids, alkalis, temperatures and moisture and are thereby widely used for the manufacturing of apparel, cushioning and insulating materials, carpets, air filters and coated fabrics.

Significant growth in the apparel industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, widespread adoption of nylon as a cost-effective substitute of natural silk for the manufacturing of durable flak vests, parachutes and dress materials. There is also a shifting consumer preference for wool as an effective insulation material in winter wear, blankets, comforters, carpets and upholstery. These textiles, along with polyethylene (PE), polypropylene (PP), aramid and polyamide, are also extensively used to cover heavy machinery for minimizing noise and protecting the equipment from vibrations. Additionally, various product innovations, such as the launch of optical fibers and conductive polymers that are sensitive to physical, mechanical, thermal, electrical and chemical stimuli, are contributing to the market growth. Other factors, including rising expenditure capacities of the consumers, along with increasing demand for natural and sustainable textile products, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global textile market report, along with forecasts at the global, regional and country level from 2022-2027. Our 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
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

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

Report Coverage:

Key Questions Answered in This Report:

• How has the global textile market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global textile market?
• What are the key regional markets?
• What is the breakup of the market based on the raw material?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global textile market and who are the key players?
• What is the degree of competition in the industry?