Textile Market Size, Trends Analysis, Growth and Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global textile market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Textile Market?
| Report Attributes | Details |
| Market Size in 2021 | US$ 985 Billion |
| Market Forecast in 2027 | US$ 1,268 Billion |
| Growth rate (2023 to 2027) | CAGR of 4.2% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Textile?
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 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.
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What Are the Growth Prospects and Trends in the Textile?
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.
Who Are the Key Players Operating in the Textile Industry?
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.
What is Included in 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)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
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