Textile Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global textile market exhibited moderate growth during 2015-2020. 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. Looking forward, IMARC Group expects the global textile market to grow at a CAGR of around 5% during the forecast period (2021-2026).

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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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.

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?