The global textile market is
expected to reach approximately USD 1,237.1 billion by 2025, according to a new
report conducted by Grand View Research, Inc. Rising disposable income,
urbanization and population growth in emerging economies including China, India
and Mexico is expected to play an importance role in improving the lifestyle of
consumers which is expected to drive the demand for textile products.
Product innovation is expected to
have a positive impact on the industry; for instance, the Runway of Dreams
brand launched by apparel manufacturer Tommy Hilfiger in February 2016.
Furthermore, a growing number of fashion retail outlets and supermarkets in
developing economies, including China and India, owing to government support to
promote investments is expected to increase the textiles demand in the near
future.
Browse full research report on Textiles Market: http://www.grandviewresearch.com/industry-analysis/textile-market
Further key findings from
the report suggest:
- Transportation is anticipated to foresee revenue
growth at a CAGR of 3.4% from 2016 to 2025. The enactment of numerous
passenger safety regulations, including Euro VI petrol and diesel standard
norms that regulate heavy-duty and light-duty vehicles, are expected to
increase the usage of fabrics in automotive filters over the next nine
years.
- The Middle East & Africa (MEA) is expected to
witness volume growth at a CAGR of 3.6% from a period of 2016 to 2025. The
rising expenditure by Islamic clothing manufacturers to incorporate new
hijab styles in apparels is projected to increase the product usage over
the next nine years.
- There is an increasing importance of EHS systems in
the manufacturing sector, owing to stringent regulations aimed at worker
safety and reporting incidents in offshore industries, including oil &
gas, which is expected to increase the demand for personal protective
equipment (PPE). The trend mentioned above is projected to play a vital
role in increasing the market penetration of textiles in the form of
technical fabrics in PPE over the forecast period.
- Polyester held a market volume share of 28.2% in 2015
and is expected to witness growth over the forecast period due to its
superior properties including lightweight and excellent resistance to
shrinking. Polyester is often used in combination with other fibers such
as cotton as the blend offers properties superseding either of the
materials.
- Cotton-based textile products’ demand was 93.6
million tons in 2015. Clothing manufacturers are expected to prefer cotton
as their raw material on account of its unique features including
resistance to hypoallergenic & dust mite, excellent durability, and
environmentally friendly nature.
- Key industry participants include Shandong Jining,
INVISTA, Honeywell International, and Asahi Kasei Fibers Corporation. The
companies are expected to increase spending on the development of new
products, including smart textiles and ballistic nylon, to gain a
competitive edge over their competitors.
Grand View Research has segmented the global textiles market
on the basis of raw material, product, application, and region:
Raw Material Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2014 - 2025)
- Cotton
- Chemical
- Wool
- Silk
- Others
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion;
2014 - 2025)
- Natural-fibers
- Polyesters
- Nylon
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2014 - 2025)
- Household
- Bedding
- Kitchen
- Upholstery
- Towel
- Others
- Technical
- Construction
- Transportation
- Medical
- Protective
- Others
- Fashion
& Clothing
- Apparel
- Ties
& Clothing Accessories
- Handbags
- Others
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Billion; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- UK
- Germany
- France
- Turkey
- Italy
- Asia
Pacific
- China
- India
- Japan
- Australia
- Central
& South America
- Brazil
- MEA
- Saudi
Arabia
- Iran
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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