A textile is a ductile material that is fabricated from a web of various synthetic or natural fibers, such as cotton, silk, jute, denim, flannel, hemp, nylon, polyester, rayon, and spandex. These raw fabrics are composed with the usage of several methods, including knitting, crocheting, and weaving. This, in turn, manufactures a range of finished and semi-finished goods, such as clothing, apparel, bedding, medical, and other accessories. At present, certain textiles possess favorable qualities, including excellent resistance to acids, alkalis, temperatures, and dampness; therefore, they are used in the construction of diverse infrastructures, such as bridges, buildings, roads, tunnels, and dams.

Global Textile Market Value Report:

According to IMARC Group’s latest report, titled “Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global textile market size reached US$ 936.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,217.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.37% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Textile Market Trends:

The global textile market is primarily driven by the rising expenditure capacities of consumers, increasing demand for several clothing apparel from the fashion sector to enhance the overall physical appearance. Moreover, the advent of smart textiles that detects and reacts to mechanical, thermal, chemical, and electrical stimuli by interacting with optical fibers, metals, and different conductive polymers is favoring the market growth.

Additionally, the growing environmental concerns amongst individuals are encouraging manufacturers to adopt sustainable and natural fibers, including cotton, linen, silk, hemp, and more, which is providing remunerative opportunities for the market. Besides this, the escalating need for textiles in the healthcare industry for soft tissue implantation, hard tissue implantation, sutures, and strategic collaborations amongst key players to uptake discarded clothes, rugs, and carpets as textiles to compose finished goods are strengthening the product demand.

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

Competitive Landscape with Key Players:

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.

Key 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)

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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