Market Overview:
In terms of value, the Global Textile Fabrics Market is expected to reach USD 920.5 Billion by 2025 and exhibit a CAGR of 5.5%. Textile Fabrics find applications in automobiles, aircraft, apparel, household products, as well as the industrial sector. The growing e-commerce industry has increased the sale of apparel in developed and developing countries. In addition, the shift toward branded products, increasing disposable income of middle-class population, and favorable trade policies have surged the growth of the apparel industry. Besides, the increasing number of organized textile retailers is another trend favoring the growth of the industry. Thus, the healthy growth of the apparel industry is expected to highly influence the growth of the natural textile fabrics.
Consumers are demanding occasion-specific clothing such as activewear, trousers, formal shirts, and suits, and smart casuals which has increased overall demand for apparels. The demand for Textile Fabrics in the apparel segment is growing at remarkable pace. The menswear market is steadily growing, as customers are willing to spend on purchase of different apparels. These trends are positivity impacting the growth of the Global Textile Fabrics Market during the forecast period.
Competitive Analysis:
The Prominent Players in the Global Textile Fabrics Market are Avondale Mills Incorporated (US), Cone Mills Corporation (US), Loyal Textile Mills Ltd (India), Bombay Dyeing & Mfg Company Limited (India), Edley Associates, Inc (US), Burlington Industries Group (US), Tweave LLC (US), Nextil Group (Spain), Jindal Worldwide Limited (India), National Textile Industries (US), Fifield, Inc (US), Candor (India), Duratex (India), and Unitex International (US).
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Market Segmentation:
The Global Textile Fabrics Market has been segmented based on Fibers, Application and Region. The fibers studied under the scope of the Global Textile Fabrics Market are polyamide, polyester, acrylic and modacrylic, vinyl, polyolefin, elastomeric, protein, polyester, polyamide, cellulosic, and others. The cellulosic segment held significant market share in 2018 and is estimated to be dominant in the next five years. The demand for viscose fabric is expected to grow due to increasing demand for sustainable fabrics in End-Use Industries. The application segments analyzed for the market are household, apparel, industrial, medical, automobiles, aircraft, and others. The increasing demand for textile fabrics in industrial applications is projected to fuel market growth during the review period.
Regional Analysis:
The Asia-Pacific market is projected to register a healthy CAGR during the forecast period due to increasing working population in the region. The growing urbanization in India, China, Philippines, and Indonesia has increased the spending in Textile Fabrics. The US is one of the largest manufactures and exporters of Textile Fabrics, the high demand for Textile Fabrics in the apparel industry is projected to promote the growth of the market. The demand for home textiles in Europe is growing at a significant rate, which is projected to boost the demand for Textile Fabrics and drive the growth of the regional market during the review period. Geotextile fabric demand is increasing in Middle East region as it helps in improving soil making it beneficial for application in construction & infrastructure such as roads, buildings and dams.
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