Press release
Textile Fabrics Market Analysis: Detailed Trend and Forecast for 2031
According to the report, the global textile fabrics industry generated $498.0 billion in 2021 and is projected to reach $942.8 billion by 2031, with a CAGR of 6.7% from 2022 to 2031.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/17511
The growth of the fashion and apparel industry, increased investments, expansion of the oil and gas sector, and advancements in the chemical industry are driving the growth of the global textile fabrics market. However, fluctuating raw material prices are a significant constraint. Conversely, the growing competition in professional sports and a consumer shift towards active sports present new opportunities for market growth in the coming years.
Market Segmentation
Fabric Type:
- Polyester: The polyester segment dominated the market in 2021, accounting for over half of the global textile fabrics market, and is expected to maintain this position throughout the forecast period. This segment is also projected to grow at the highest CAGR of 6.9% from 2022 to 2031, driven by its durability, strength, and excellent finishing.
- Other Fabrics: The report also covers segments like polyamide, cotton, and others.
Application:
- Fashion & Clothing: This segment held the largest share in 2021, contributing around three-fifths of the market, and is expected to maintain its lead through the forecast period with the highest CAGR of 6.9%. The rise in demand for fashion apparel and the growth of e-commerce are key drivers.
- Other Applications: The report also includes household and technical applications.
Region:
Asia-Pacific: This region held the highest revenue share in 2021, accounting for over two-fifths of the global market, and is expected to grow at the fastest CAGR of 7.0% from 2022 to 2031 due to increased consumer spending on apparel. The report also analyzes North America, Europe, and LAMEA regions.
Leading Market Players
Key players in the global textile fabrics market include:
- DuPont de Nemours, Inc.
- Wolfin Textile Ltd.
- Coville Inc
- China Textile Co. Ltd
- Klopman International
- Loyal Textile Mills Ltd
- Premier Textiles
- Weiqiao Textile Co. Ltd
- Whaley Bradford Ltd
- Yi Chun Textile Ltd
These companies have adopted strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to enhance their market share and maintain dominance across various regions. The report provides detailed insights into their business performance, product portfolios, and strategic initiatives.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/textile-fabrics-market-A17123
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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