Textile Market Report by Raw Material (Cotton, Chemical, Wool, Silk, and Others), Product (Natural Fibers, Polyesters, Nylon, and Others), Application (Household, Technical, Fashion and Clothing, and Others), and Region 2024-2032

Textile Market Report by Raw Material (Cotton, Chemical, Wool, Silk, and Others), Product (Natural Fibers, Polyesters, Nylon, and Others), Application (Household, Technical, Fashion and Clothing, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3728
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Market Overview:

The global textile market size reached US$ 1,027.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,445.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032. The changing consumer preferences, rapid population growth, rising preferences for ecofriendly, organic, and functional textiles, technological advancements, and government regulations and initiatives are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
US$ 1,027.0 Billion
Market Forecast in 2032
US$ 1,445.4 Billion
Market Growth Rate (2024-2032) 3.8%

Textile refers to any material made from fibers, either natural or synthetic, that are woven, knitted, or otherwise formed into a fabric. It is used in various applications such as clothing, household textiles, upholstery, and industrial products. Textiles can be made from natural fibers like cotton, silk, wool, or linen, or synthetic fibers such as polyester, nylon, or acrylic. The process of textile production involves spinning fibers into yarn, which is then woven or knitted to create a fabric. Textiles have a wide range of properties like strength, flexibility, durability, and breathability, making them suitable for diverse purposes.

Global Textile Market

One of the major factors driving the market growth is the changing consumer preferences and lifestyle trends. As individuals seek comfort, sustainability, and fashion-forward choices, the demand for textiles has increased. Consumers now prefer eco-friendly fabrics, organic materials, and functional textiles that provide enhanced performance. Another driving force is the rapid growth of the global population. Besides this, with an expanding population and inflating income levels particularly in the emerging economies, such as India and China, there has been increased spending on textiles. Furthermore, technological advancements and innovations in textile manufacturing processes, such as automation, digital printing, and smart textiles, have revolutionized the industry. These advancements improve efficiency and also open up new possibilities for customization and sustainability. Moreover, government initiatives promoting domestic textile production or trade agreements significantly impact market dynamics.

Textile Market Trends/Drivers:

Changing consumer preferences

Nowadays, consumers seek comfort, sustainability, and fashionable choices, which has led to a surge in demand for textiles that cater to these needs. The rising preference for eco-friendly fabrics, organic materials, and functional textiles has influenced manufacturers to adapt their product offerings. Additionally, increasing awareness among consumers about ethical and sustainable practices in the industry has pushed textile companies to adopt more responsible manufacturing processes. The adoption to these changing preferences is crucial for businesses to remain competitive and meet the evolving market demand.

Expanding global population

With the constantly expanding population, there is a continuous increase in the demand for clothing and textile production. As the purchasing power rises, the market experiences a surge in consumer spending on textiles. Moreover, the growth of emerging economies, coupled with rising disposable incomes, further fuels the demand for textiles. This population-driven demand creates opportunities for textile manufacturers and stimulates market growth.

Rising partnerships and acquisitions amongst key players

Innovations, such as automation, digital printing, and smart textiles, in textile manufacturing processes have revolutionized the industry. Automation has improved production efficiency and reduced costs, enabling manufacturers to meet increasing demands. Digital printing has opened new possibilities for customization and design flexibility, allowing for faster and more accurate production. Smart textiles, integrated with sensors and electronics, offer enhanced functionality and performance. These technological advancements cater to the changing consumer preferences and drive industry competitiveness by enabling faster production, improved quality, and innovative product offerings.

Textile Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global textile market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on the raw material, product, and application.

Breakup by Raw Material:

  • Cotton
  • Chemical
  • Wool
  • Silk
  • Others

Cotton dominates the textile market

The report has provided a detailed breakup and analysis of the textile market based on the raw material. This includes cotton, chemical, wool, silk, and others. According to the report, cotton represented the largest segment.

Cotton, a widely used natural fiber, remains a dominant force in the market. It exhibits breathability, comfort, and versatility, which makes it a popular choice for clothing manufacturers and consumers. Also, cotton remains the dominate fiber for manufacturing the majority of household textile product categories. Thus, the growing tendency of house renovation and home furnishing shopping has positively influenced the sales of cotton textiles. worldwide.

Chemicals, including dyes, finishes, and coatings, are essential components in textile manufacturing. They enable coloration, protection, and functional enhancements of fabrics. The development of eco-friendly and sustainable chemical alternatives drives market growth as manufacturers and consumers prioritize environment-friendly practices.

Wool is a natural animal fiber with unique properties, such as warmth, durability and natural elasticity, make it desirable for high-quality garments and luxury textiles.

Moreover, the wool textile segment has undergone diverse technological advancements in terms of knitting and improved textures and fabric quality. This has motivated a new wave of aesthetic appreciation for woolen textile globally.

Breakup by Product:

  • Natural Fibers
  • Polyesters
  • Nylon
  • Others

Natural fibers represents the most popular product

The report has provided a detailed breakup and analysis of the textile market based on the product. This includes natural fibers, polyesters, nylon, and others. According to the report, natural fibers represented the largest segment.

Natural fibers, such as cotton, wool, and silk, play a crucial role in driving the textile market. These fibers offer a range of desirable qualities, including breathability, comfort, and biodegradability. Natural fibers cater to the growing demand for sustainable and eco-friendly textiles. Consumers increasingly prefer products made from natural fibers due to their perceived environmental benefits and superior comfort.

Polyester, a synthetic fiber, offers excellent durability, wrinkle resistance, and moisture-wicking properties. Its low cost and versatility have made it a popular choice for a wide range of applications, from apparel to home textiles. The demand for polyester is driven by its affordability, ease of care, and ability to mimic natural fibers. Additionally, advancements in polyester manufacturing, such as recycled polyester, address sustainability concerns and contribute to the market growth.

Nylon, another synthetic fiber, also has a significant impact on the textile market. Nylon offers excellent strength, abrasion resistance, and elasticity. It is commonly used in various applications, including activewear, hosiery, and industrial textiles. The demand for nylon is driven by its exceptional performance characteristics, making it suitable for high-stress applications. Additionally, innovations in nylon production, such as bio-based or recycled nylon, align with sustainability goals is creating a positive market outlook.

Breakup by Application:

  • Household
  • Technical
  • Fashion and Clothing
  • Others

Fashion and clothing is the largest application segment

The report has provided a detailed breakup and analysis of the textile market based on the application. This includes household, technical, fashion and clothing, and others. According to the report, fashion and clothing represented the largest segment.

The demand for fashion and clothing sector textile is escalating due to the backdrop of increased consumer buying behavior and spending power in many countries across the world. Many people are following the trend of purchasing clothes as per the changing fashion, thereby aiding the development of new clothing frequently. The rising influence of social media, such as Instagram and Facebook, in apparel marketing is emerging rapidly as these platforms have replaced traditional media like television through which consumers used to discover new fashion. Moreover, several brands are incorporating different digital-savvy strategies to successfully compete in the market. Moreover, new marketing strategies such as celebrity promotions of clothing lines, customization options by big brands, inclination towards eco-friendly clothing production, etc. are also anticipated to proliferate the global textile market in the clothing segment.

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

Asia Pacific exhibits a clear dominance in the market, accounting for the majority of the overall market share

The report has provided a detailed breakup and analysis of the textile market based on the region. This includes North America (the United States and Canada), Asia Pacific (China, India, Japan, Australia, South Korea, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), Middle East and Africa. According to the report, Asia Pacific was the largest market for textiles.

The demand for different textiles has gained tremendous traction among Asian countries as it is the main hub for the textile sector and is the leading region in textile yarn manufacture. The rising adoption of technical textiles from various end-use industries such as healthcare, automotive, construction and manufacturing, mining, etc. can be accredited as the primary factor responsible for the industry growth. Moreover, the advent of digitalization among the

potential consumers has surged the need for adoption of omnichannel approach by the vendors. In Asia pacific region, various investment promotion schemes have been introduced by the governments to support the development of textile sector. For instance, Chinese government offered subsidies to textile manufacturers and “Going Out” strategy for textile industry in its 12th five-year plan.

Competitive Landscape:

Several textile companies are implementing sustainable sourcing methods, adopting organic and recycled materials, and reducing their carbon footprint in production processes. Additionally, they are investing in research and development to create innovative textiles with enhanced functionalities, such as smart fabrics and performance materials. These advancements cater to the changing needs and preferences of consumers, thus driving market growth. Apart from this, textile companies are forming strategic alliances with fashion designers, retailers, and even technology companies to create unique and trendsetting products. These collaborations help drive consumer interest and stimulate market demand. Furthermore, efforts to improve supply chain transparency, ethical sourcing, and fair labor practices are gaining momentum. Companies are increasingly emphasizing responsible manufacturing processes, ensuring fair wages and safe working conditions. Such initiatives enhance the reputation of the industry and contribute to market growth by attracting conscious consumers who value ethical practices.

The report has provided a comprehensive analysis of the competitive landscape in the global textile market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • 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 SA
  • Toray Industries Inc.

Recent Developments:

  • In 2021, DuPont Biomaterials, a subsidiary of DuPont collaborated with Welspun India and launched a new home textile collection, including bath towels and bed sheets, made with biobased materials to meet a growing demand for sustainable home textile products.
  • Asahi Kasei Corporation announced the launch of Bemliese, its proprietary sultra-sustainable continuous-filament cellulosic nonwoven fabric. In 2020, Sage Automotive Interiors, an Asahi Kasei subsidiary based in South Carolina, the United States, has also completed its acquisition of the automotive fabrics business of Adient plc. It will expand company’s business in Europe.
  • In 2021, Honeywell International Inc. launched Bio Amni, the first partially bio-based polyamide textile yarn globally. It is a polyamide 5.6, which is produced entirely at the company's textile industrial unit in Brazil and fulfils the growing global trend in demand for more sustainable textile products, especially bio-based materials.

Textile Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Raw Material
  • Product
  • Application
  • Region
Raw Materials Covered Cotton, Chemical, Wool, Silk, Others
Products Covered Natural fibers, polyesters, nylon, Others
Applications Covered Household, technical, fashion and clothing, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the textile market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global textile market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the textile industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global textile market was valued at US$ 1,027.0 Billion in 2023.

We expect the global textile market to exhibit a CAGR of 3.8% during 2024-2032.

The emerging trend of fast fashion, along with the introduction of eco-friendly textile materials to reduce land pollution levels and control carbon emissions, is primarily driving the global textile market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of clothing materials, thereby positively influencing the global textile market.

Based on the raw material, the global textile market can be segmented into cotton, chemical, wool, silk, and others. Currently, cotton holds the majority of the total market share.

Based on the product, the global textile market has been divided into natural fibers, polyesters, nylon, and others.  Among these, natural fibers currently exhibit a clear dominance in the market.

Based on the application, the global textile market can be categorized into household, technical, fashion and clothing, and others. Currently, fashion and clothing accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global textile market include 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.

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Textile Market Report by Raw Material (Cotton, Chemical, Wool, Silk, and Others), Product (Natural Fibers, Polyesters, Nylon, and Others), Application (Household, Technical, Fashion and Clothing, and Others), and Region 2024-2032
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