Textile Market Overview:
Textile Market Segmentation:
Based on Product: Nylon, Polyester, Natural Fiber, and Others make up the market segments. The Polyester sub-segment is anticipated to yield the highest revenue among them all. In 2023, polyester had the biggest share of the textile market, and over the course of the forecast period, it is anticipated to grow at the fastest rate. Polyester is produced in a variety of forms, including microfibers, staple fibers, and filament yarns. It has been combined with other fibers to enable a broad range of uses in numerous industries. Prized for its extraordinary toughness, polyester is a multipurpose material used in a wide range of products and industries.
Its versatility in the clothing industry is similar to that of cotton fibers; it can be used to create a wide range of outfits, including business suits, casual wear, socks, and everyday shirts. Beyond the realm of fashion, polyester’s versatility finds application in homes, where it forms the foundation for a variety of household necessities such as microfiber towels, blankets, curtains, and upholstery. Because of its inherent ability to withstand moisture, it is the perfect fabric for making cushions for chairs, sofas, and pillows, adding to their comfort and durability.
Enter the automotive industry, where polyester is incorporated into seat belts to keep passengers safe and into car tires to strengthen and extend their life. Because of its ability to control soil erosion, drain water, and filter soil, polyester plays a crucial part in geosynthetics used in construction and civil engineering, strengthening roads and landfills. However, its impact is even more widespread, appearing in a variety of industrial uses, including tarps, food containers, boats, bottles, ropes, and cords. Polyester’s adaptability and resilience highlight its ubiquity across diverse industries, demonstrating its indispensable nature in the production of a vast array of products that are ubiquitous in daily life and across multiple sectors of the global economy.
Textile Market Size and Forecast, by Product (2023-2030)
1. Polyester
2. Natural Fiber
3. Nylon
4. Others
Textile Market Size and Forecast, by Raw Material (2023-2030)
1. Wool
2. Silk
3. Chemicals
4. Others
Textile Market Size and Forecast, by Application (2023-2030)
3. Fashion and Clothing
3. Household
3. Technical
4. Industrial
5. Others
Textile Market Size and Forecast, by Distribution Channel (2023-2030)
1. Online Retail
2. Offline Retail
3. Others
Textile Market Size and Forecast, by End User (2023-2030)
1. Automotive
2. Healthcare and Medical
3. Sports and Recreation
4. Aerospace and Defense
5. Agriculture and Horticulture
6. Construction and Infrastructure
7. Others
Textile Market Size and Forecast, by Region (2023-2030)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Textile Market Key Players: The key players are
Global
1. Inditex (Zara)
2. Adidas AG
3. H&M
4. VF Corporation
5. Alibaba Group
North America
6. Mohawk Industries
7. Hanesbrands Inc.
8. WestPoint Home
9. Milliken & Company
Europe:
10. Burberry Group PLC
11. Marks and Spencer Group plc
Asia Pacific:
12. Welspun India Ltd.
13. Shandong Ruyi Technology Group
14. Fast Retailing (UNIQLO)
15. Li & Fung Limited
16. Middle East and Africa
17. Nigerian Textile Mills Plc
18. Sappi Southern Africa Ltd.
19. Alok Industries Ltd.
20. Vlisco Group
21. David Whitehead & Sons (Africa)
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Textile Market Regional Analysis:
The Textile market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Textile market share and will continue to be a major shareholder in the global Textile market.
COVID-19 Impact Analysis on Textile Market: The COVID-19 impact on the Textile market is also included in the report
Key Questions Answered in the Textile Market Report are:
- What will be the CAGR of the Textile market during the forecast period?
- Which segment emerged as the leading segment in the Textile market?
- Which are the prominent players in the Textile market?
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