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
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
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.
