Textile Fabrics Market Comprehensive Analysis of Market Trends and Growth Forecast From 2022 to 2031

According to a recent report published by Allied Market Research, titled "Textile Fabrics Market by Fabric Type (Cotton, Polyester, Polyamide, Others), by Application (Fashion & Clothing, Household, Technical): Global Opportunity Analysis and Industry Forecast, 2021-2031," the global textile fabrics market was valued at $498.0 billion in 2021 and is projected to reach $942.8 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

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Key Market Drivers:

- Expanding fashion & apparel industry: The continuous growth of global fashion trends and rising consumer demand are major catalysts for market expansion.

- Increased oil & gas exploration: Growth in technical textile applications in protective gear and industrial use supports market development.

- Advancements in the chemical sector: Innovations in synthetic fabric manufacturing are contributing to better quality and performance.

- Rising investments: Ongoing investments in textile infrastructure and technology are expected to fuel market growth.

However, volatile raw material prices pose a challenge to consistent market expansion. On the other hand, growing interest in professional sports and performance fabrics is anticipated to create new growth avenues.

Segment Highlights:-

By Fabric Type:

- Polyester emerged as the dominant segment in 2021, accounting for nearly 50% of the market share.

- The polyester segment is also expected to witness the fastest CAGR of 6.9% during the forecast period, driven by its high durability, strength, and affordability.

By Application:

- Fashion & clothing led the market with nearly 60% of the total share in 2021.

- This segment is projected to maintain its dominance with the highest CAGR of 6.9%, fueled by growing e-commerce trends and increasing global apparel demand.

Regional Outlook:

- Asia-Pacific held the largest market share in 2021, contributing around 40% of global revenue.

- The region is anticipated to register the highest CAGR of 7.0% through 2031, owing to rising consumer spending on fashion, a booming textile manufacturing base, and export-oriented economies.

Key Market Players:

- DuPont de Nemours, Inc.
- Klopman International
- Weiqiao Textile Co., Ltd.
- Wolfin Textile Ltd.
- Loyal Textile Mills Ltd.
- Whaley Bradford Ltd.
- Coville Inc.
- Premier Textiles
- Yi Chun Textile Ltd.
- China Textile Co., Ltd.

The report provides detailed insights into strategic developments by leading players including mergers, acquisitions, collaborations, and partnerships, shaping the future of the textile fabrics industry.

Obtain Report Details: https://www.alliedmarketresearch.com/textile-fabrics-market-A17123

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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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