San Francisco, 11 April 2019: The Report Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool,
Chemical, Silk, Cotton), By Product (Natural Fibers, Polyester, Nylon), By
Application (Technical, Fashion & Clothing, Household), And Segment
Forecasts, 2019 - 2025
The global textile market size is projected to reach at USD 1.23 trillion by 2025
expanding at a CAGR of 4.24%, according to a new report by Grand View Research,
Inc. Population growth, rising disposable income levels, and rapid urbanization
in developing countries like China, India, and Mexico are likely to boost the
product demand. Moreover, increasing number of supermarkets and retail outlets
in these countries is expected to drive the demand further. Growing importance
of Environment, Health and Safety (EHS) systems in manufacturing sector owing
to stringent regulations aimed at safety of workers in offshore industries like
oil & gas is projected to boost the demand for Personal Protective
Equipment (PPE).
Moreover, development of technical textiles
that are offer protection against high temperatures, electric arc flash
discharge, molten metal impact, and acid environment is estimated to fuel the
textilemarket growth. Therefore, growing personal protective equipment market
is expected to drive the demand for textile products over the projected period.
The Middle East & Africa (MEA) region is projected to witness revenue
growth at a CAGR of 4.19% from 2019 to 2025 owing to constant product
innovations in apparels application segment. Asia Pacific is expected to
register the highest CAGR during the forecast years.
Access Research Report of Textile Market@ https://www.grandviewresearch.com/industry-analysis/textile-market
Further key findings from the study suggest:
· Cotton is the most widely used raw material
in the global textile industry owing to its excellent durability and resistance
to dust mite and hypoallergenic
· In terms of volume, polyester held a market
share of 28.04% in 2018 and will grow further owing to its properties, such as
high strength and excellent shrink resistance
· Household application segment will register
a CAGR of 3.28% from 2019 to 2025 due to rising consumer preference for
textured and light absorbing fabrics in home décor
· Apparel is anticipated to witness a CAGR of
4.42% from 2019 to 2025 owing to increasing demand for luxury and trending
fashionable clothes
· Europe is likely to witness volume growth
at a CAGR of 2.32% from 2019 to 2025. Demand for silk fabrics for household and
fashion & clothing applications is likely to boost the market growth
· Key companies in the market are Lu Thai
Textile Co., Ltd., Shandong Jining Ruyi Woolen Textile Co., Ltd., Successori
Reda S.p.A., and Paramount Textile Limited
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has
segmented the global textile market on the basis of raw material, product,
application, and region:
Textile Raw Material Outlook (Volume,
Kilo Tons; Revenue, USD Billion, 2015 - 2025)
·
Cotton
·
Chemical
·
Wool
·
Silk
·
Others
Textile ProductOutlook (Volume, Kilo
Tons; Revenue, USD Billion, 2015 - 2025)
·
Natural Fibers
·
Polyesters
·
Nylon
·
Others
Textile ApplicationOutlook (Volume,
Kilo Tons; Revenue, USD Billion, 2015 - 2025)
·
Household
·
Technical
·
Fashion & Clothing
·
Others
Textile Regional Outlook (Volume, Kilo
Tons; Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Textile Market@ https://www.grandviewresearch.com/press-release/global-textile-market
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.
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