Textile Market Size 2021-2026: Global Industry Trends, Share, Growth, Opportunity, and Forecast
Looking ahead, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, October 12, 2021 /EINPresswire.com/ – According to the latest IMARC Group report, entitled “Textile market size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global textile market showed moderate growth during the period 2015-2020. Textiles represent materials made with fine yarns, fibers, filaments, etc., from natural or man-made sources, or a combination of both. Textile fibers are generally made by interweaving the 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 artificial textiles include polyester, nylon , acetate, acrylic, 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 the manufacture of insulation and upholstery materials, carpets, air filters, coated fabrics, etc.
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One of the major factors driving the textile market is the booming apparel industry across the globe. In addition, the increasing adoption of nylon as a cost-effective substitute for natural silk for the production of durable bulletproof vests, clothing, parachutes, etc., is also catalyzing the growth of the market. In addition to this, the evolution of consumer preferences towards wool as an effective insulating material for winter clothing, quilts, rugs, upholstery, etc., acts as another important factor in growth. 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. Apart from this, several product innovations, including the launch of optical fibers and conductive polymers, sensitive to physical, thermal, mechanical, electrical and chemical stimuli, are expected to support the textile market in the years to come. Looking ahead, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
Aditya Birla Ltd.
Asahi Kasei Company
China Petroleum & Chemical Corporation
DuPont de Nemours Inc.
Honeywell International Inc.
INVISTA (Koch Industries Inc.)
Paramount Textile Mills (P) Ltd
Solvay and Toray Industries Inc.
Market segmentation :
Breakdown by raw material:
Breakdown by product:
Breakdown by application:
Fashion and Clothing
Breakdown by region:
North America (United States, 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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Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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