Market Research Report
Global Textile Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||823141|
|Published||Content info||137 Pages
Delivery time: 1-2 business days
|Global Textile Market 2019-2023|
|Published: March 27, 2019||Content info: 137 Pages||
The growing construction activities are fueling the demand for textiles including natural fibers, nylon, and polyester. The industry will increasingly use textiles as they are durable, smooth, malleable, and enhance the cost-effectiveness of construction structures. Furthermore, the use of construction fabrics in the Middle East and other emerging economies will further drive the textile market to witness considerable growth in the upcoming years. Technavio's analysts have predicted that the textile market will register a CAGR of over 6% by 2023.
One of the growth drivers of the global textile market is the increasing demand for natural fibers. The increasing consumption of natural fibers such as cotton, silk, wool, and jute given their various attributes such as environmentally-friendly nature and easy availability will drive the growth of the market during the forecast period.
One of the challenges in the growth of the global textile market is unauthorized textile production units in China. The presence of scattered and unorganized textile manufacturers that use toxic dyeing chemicals is forcing the government to impose stringent regulations and ban their operations.
For the detailed list of factors that will drive and challenge the growth of the textile market during 019-2023, view our report.
The market appears to be fragmented and with the presence of several market players. Vendors in the market are strongly emphasized on new technology and innovations to maintain their competitive edge and market share. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.