Textile Market Growth, Outlook, Demand, Key Players Analysis and Opportunities 2021-2026 – FortBendNow
According to the latest report of the IMARC group, entitled “Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of 960.2 billion US dollars in 2020. Textiles represent the materials made with fine yarns, fibers, filaments, etc., from natural or artificial sources, or a combination of the of them. Textile fibers are usually made by interlacing yarns by knitting, weaving and felting in specific patterns and processing them to form a length of fabric. Some examples of natural textiles include cotton, silk, jute, flannel, hemp, denim, leather, velvet, wool, linen, etc., while man-made textiles include polyester, nylon , acetate, acrylic, polar fleece, rayon, spandex, etc. Some textiles have various favorable properties, such as high resistance to alkalis, acids, temperature changes, humidity, etc. Therefore, they are widely used for making insulation and cushioning materials, carpets, air filters, coated fabrics, etc.
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One of the main drivers of the textile market is the rapidly expanding garment industry across the world. Additionally, the increasing adoption of nylon as a cost-effective substitute for natural silk for the production of durable body armor, garments, parachutes, etc., is also catalyzing the growth of the market. In addition, the shift in consumer preferences towards wool as an effective insulation material for winter garments, quilts, carpets, upholstery, etc., acts as another growth factor. important. In addition, the increasing use of polyethylene (PE), aramid, polypropylene (PP), polyamide, etc., to cover heavy machinery to minimize noise and protect equipment from vibration is further increasing. the world market. In addition, several product innovations, including the launch of optical fibers and conductive polymers, sensitive to physical, thermal, mechanical, electrical and chemical stimuli, should boost the textile market in the years to come. Looking ahead, IMARC Group expects the global textile market to grow at a CAGR of 4.4% during the period 2021-2026.
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Like the novel coronavirus (COVID-19[female[feminine) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Competitive landscape with key players:
- Aditya Birla Ltd.
- Arvind Limited
- Asahi Kasei Society
- BSL Limited
- China Petroleum and Chemical Company
- DuPont de Nemours Inc.
- Honeywell International Inc.
- INVISTA (Koch Industries Inc.)
- Paramount Textile Mills (P) Ltd
- Solvay and Toray Industries Inc.
Breakdown by raw material:
Breakdown by product:
- Natural fibers
Breakdown by application:
- Fashion and Clothing
Breakdown by region:
- North America (USA, 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, Others)
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Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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