Global Textile Industry Market Size By Product (Nylon, Polyesters), By Raw Material (Silk, Wool), By Application (Fashion & Clothing, Technical), By Geographic Scope And Forecast

Textile Industry Market Size And Forecast

Textile Industry Market size was valued at USD 959.87 Billion in 2022 and is projected to reach USD 1371.84 Billion by 2030, growing at a CAGR of 4.05% from 2023 to 2030.

Get ready for some cool clothes! The buzz around smart textiles is growing, with fabrics using optical fibers, metals, and conductive polymers to actually interact with the world around you. Sounds like something out of a sci-fi movie, right? These innovations are expected to really boost the market in the years to come. Plus, developing countries are investing in cutting-edge textile production, which means more awesome fabrics! This is predicted to create even higher demand. Want the inside scoop? The Global Textile Industry Market report gives you the whole picturekey trends, what's driving the market, what's holding it back, who the big players are, and everything else you need to know. It's a deep dive into what's shaping the textile world.

Global Textile Industry Market Definition

The textile industry is primarily concerned with the design, production, and distribution of yarn, cloth, and apparel. The raw material may be natural or synthetic using products of the chemical industry. Textile production is the process by which fibers, filaments, yarn, and thread (natural and synthetic) are made. It comprises the production of objects made with these materials. Both processes have their steps for production.

Textiles have four primary sources i.e., animal wool, plant, mineral, and synthetic. Different types of fibers are sued to produce yarn among which cotton is considered to be the most important natural fiber. Textiles are used in carpeting, upholstered furnishings, window shades, towels, coverings for tables, beds, and art canvas.

Global Textile Industry Market Overview

The increasing trend of smart textiles in the market which involves optical fibers, metals, and various conductive polymers to interact with the environment propels the market demand of the textile industry. These help in detecting and reacting to various physical stimuli such as mechanical, thermal or chemical, and electric sources.

The growing need for sustainable products is forcing major textile companies to focus on restructuring their business and investing in manufacturing practices that target sustainable products. This is another driving factor for the textile market during the forecasted period. Rapid industrialization in emerging economies and evolving technology promise a boost to the textile industry for revenue generation. However, the coronavirus outbreak has acted as a restraint to the market. Global trade regulations also stagnate the overall growth of this market.

Global Textile Industry Market Segmentation Analysis

The Global Textile Industry Market is segmented based on Product, Raw Material, Application, and Geography.

Textile Industry Market, By Product

• Nylon
• Polyesters
• Natural Fibers
• Others

Based on Product, The market is segmented into Nylon, Polyesters, Natural Fibers, and Others. Nylon is a fabric that is woven from artificial fibers. It is applied in car parts, food packaging, and the strings of instruments. Polyester is made using polyester yarns or fibers. It is made by mixing ethylene glycol and terephthalic acid. Natural fibers are hairlike raw materials obtained from animals, vegetables, or a mineral source.

Textile Industry Market, By Raw Material

• Silk
• Wool
• Chemical
• Cotton
• Others

Based on Raw Material, The market is segmented into Silk, Wool, Chemical, Cotton, and Others. Silk is a natural protein fiber, some forms of which can be woven into textiles. Wool is the textile fiber obtained from sheep and other animals including cashmere and mohair from goats. Chemical textiles are artificial fibers of textiles such as polyester. Cotton fiber is made out of cotton and is usually used in the production of clothes and garments.

Textile Industry Market, By Application

• Fashion & Clothing
• Technical
• Household
• Others

Based on Application, The market is segmented into Fashion & Clothing, Technical, Household, and Others. In the case of the household domain, various textiles are used in the production of beddings, kitchen clothes, upholstery, towel, and others as well. Medical and transport aspects also use textiles in their respective operations. Rain shelter covers and medical staff apparel is made out of various types of textiles. Fashion and clothing such as handbags, ties, and clothing accessories use textiles extensively for the production of various goods to be used in the fashion and clothing industry.

Textile Industry Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Textile Industry Market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Textile Industry Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are JCT Limited, Mayur Suitings, Modern Woollens Ltd, Li & Fung Group, Rhodia SA, China Textiles Ltd, Sinopec Yizheng Chemical Fibre Company Limited, Shandong Jining Ruyi Wollen Textile Co Ltd, Successori REDA S.p.A & Paula de Oliveira S.A.  The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We'll dive deep into the market, looking at it from every angle, using both dollars and sense – economic and, well, not-so-economic factors – to understand its different segments. We'll give you hard numbersthe market value (in USD Billion!) for each of those segments and their sub-segments. We'll pinpoint the region and specific segment that's set to explode with growth and which one will be the top dog. Our geographic analysis will show you where the product/service is really being used and what's driving the market in each area. Plus, we'll break down the competitive landscape, showing you who's on top, what new stuff they're launching, who's partnering with whom, and who's buying who – all in the last five years. Think detailed company profileswe're talking company overview, insights, product comparisons, and even SWOT analysis for the big players. You'll get a clear picture of where the market is now and where it's headed, including growth opportunities, what's driving it, and the challenges and restraints facing both emerging and established regions. We'll even use Porter's five forces analysis to give you a truly in-depth understanding of the market and walk you through the Value Chain. Finally, we will provide the market dynamics scenario, including growth opportunities coming down the line. And, just so you know we're serious, we're throwing in 6 months of post-sales analyst support.

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