Market Research Report
Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk, Cotton), By Product (Natural Fibers, Polyester, Nylon), By Application, By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||823406|
|Published||Content info||215 Pages
Delivery time: 2-3 business days
|Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk, Cotton), By Product (Natural Fibers, Polyester, Nylon), By Application, By Region, And Segment Forecasts, 2020 - 2027|
|Published: February 18, 2020||Content info: 215 Pages||
The global textile market size is anticipated to reach USD 1,350.2 billion by 2027, registering a CAGR of 4.3% over the forecast period, according to a new report published by Grand View Research, Inc. Rising disposable income, population, and urbanization in emerging economies such as India, China, and Mexico are projected to drive the market growth.
Rising awareness about personal protective equipment in the manufacturing sector owing to stringent regulations to ensure worker safety is expected to drive the demand for protective clothing. Furthermore, emergence of e-commerce portals which offer added advantages such as convenience, discounts, and free delivery services is expected to increase the consumption of apparel, subsequently driving the demand for textiles.
The rising application of smart textile products owing to the miniaturization of electronic components and the use of conductive materials is expected to drive the product demand. Furthermore, technological innovation in terms of the development of new upholstery products derived from coated fabrics and spider silk is expected to open new industry avenues over the forecast period.
The market is highly fragmented in light of high visibility of product forms in the fashion, industrial, and household application segments. Textile manufacturers focus on forming strategic partnerships with buyers for the development of tailored product forms, which has a positive impact on market growth.