According to IMARC Group’s latest report, titled “Textile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global textile market exhibited moderate growth during 2015-2020. Textile refers to cloth materials that are manufactured using the process of weaving, crocheting, bonding, knitting and braiding of yarns and threads. Textile is commonly made from natural and synthetic fibers, that include cotton, silk, polyester, rayon, and spandex. It is further used in the production of clothes, accessories, bags and blankets.
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The global market is primarily driven by significant growth in the textile industry. Along with this, the rising brand consciousness among the masses has led to the widespread preference for prominent fashion brands, which is acting as a major growth-inducing factor. Additionally, the proliferation of online and offline organized channels and the widespread popularity of social media platforms across the globe are also creating a positive outlook for the market. Some of the other factors contributing to the market growth include the inflating disposable incomes of individuals, the rising popularity of fast fashion and the increasing investments by public and private firms in restructuring the manufacturing process of textiles to achieve enhanced productivity. Looking forward, 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 tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Aditya Birla Ltd.
- Arvind Limited
- Asahi Kasei Corporation
- BSL Limited
- 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:
Breakup by Raw Material:
- Cotton
- Chemical
- Wool
- Silk
- Others
Breakup by Product:
- Natural Fibers
- Polyesters
- Nylon
- Others
Breakup by Application:
- Household
- Technical
- Fashion and Clothing
- Others
Breakup 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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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive 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 a part of the customization.
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Home Decor Market: https://www.imarcgroup.com/home-decorative-materials-market
Pet Food Market: https://www.imarcgroup.com/pet-food-market
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