The global textiles market size was valued at USD 830.0 billion in 2015 and is expected to witness growth on account of the growing consumption of apparel. This trend is particularly prevalent in emerging economies including China, India, Mexico, and Bangladesh.
Textile is a flexible material formed using various processes including weaving, knitting, crocheting, or felting. These materials find application for manufacturing a broad range of conventional as well as advanced finished goods used for bedding, kitchen, upholstery, construction, transportation, handbags, protective, medical, fashion, apparel, and clothing accessories.
Germany textiles market, by product, 2014 - 2024 (Kilo Tons)
There is a rising awareness of personal protective equipment in the manufacturing sector on account of stringent regulations aimed at ensuring worker’s safety, which is expected to promote the use of engineered fiber products including nylon. Furthermore, technological innovation regarding the development of new upholstery products derived from coated fabrics is projected to open new avenues.
Declining cotton prices in India, as a result of overcapacity of warehouses, are expected to remain a favorable factor for textile manufacturers located in the vicinity. The rising importance of produced wool via non-mulesed methods in developed countries, including Australia, is projected to increase the access of raw materials.
The ability to perform different technologically advanced functions, including sensing and reacting to the surrounding, has resulted in various technological innovations in smart textiles in the electronics manufacturing sector. This factor is expected to remain a key influencing factor for promoting market size over the projected period.
Raw Material Insights
Cotton was the most widely used raw material for textile production, accounting for more than 39.5% of the volume share in 2015. Due to properties including excellent absorbency, high strength, and color retention, cotton is expected to promote its usage as a raw material over the next nine years.
Silk is poised to foresee the fastest revenue growth of 4.6% CAGR from 2016 to 2025. In October 2016, Kraig Biocraft Laboratories announced the production of spider silk, which is a lightweight material and has excellent toughness as compared to steel. This technological development is projected to increase the market for silk in the formulation of industrial textiles over the next nine years.
Natural-fibers accounted for 45.6% of the total volume share in 2015 and are expected to foresee remarkable gains as a result of high market visibility of cotton-derived products in the apparels and garments sector. Other factors including excellent drape, luster, and soft handling are expected to remain the key factors attributing to market expansion over the next nine years.
Nylon is projected to foresee the fastest revenue growth at a CAGR of 4.5% from 2016 to 2025. The product is expected to increase its market penetration, owing to its ability to offer high resilience, excellent elasticity, and low moisture absorbency.
The fashion & clothing segment reported a revenue of USD 607.6 billion in 2015 and is expected to gain momentum in light of new product launches by garment manufacturers, including Levis and Tommy Hilfiger, in the U.S. and Canada. Furthermore, the increasing sales volume of apparels and footwear products through e-commerce portals, including Amazon, is expected to remain a favorable factor.
Global textiles market volume, by application, 2015 (%)
Household applications accounted for 9.6% of the total volume in 2015. Home cushions possess properties such as high resistance to wear & tear and stain-repellent texture and offer a soft and comfortable textured finishing to the fabric surfaces. Due to these characteristics, coupled with the growing importance of home cushions, the application segment is expected to foresee growth.
Asia Pacific reported textiles consumption of 99,005.9 kilo tons in 2015 and is expected to witness growth as a result of a positive outlook toward apparel & garments market in China and India. Furthermore, supportive government measures aim at promoting investments in the manufacturing sector, which is expected to increase the market size.
The U.S. textiles industry is projected to foresee revenue growth at a CAGR of 2.7% from 2016 to 2025, which is attributed to the improving automotive production on a domestic level coupled with the increasing number of single family houses.
The global textiles market is highly fragmented on account of significant market penetration of local manufacturers in China and India. The low labor cost and predominant apparel consumption in countries mentioned above are expected to remain favorable factors for industry participants to establish their strategic business units in the vicinity.
Key industry participants include INVISTA, Shandong Jining Ruyi Woolen Textile Co., Ltd.., Asahi Kasei Fibers Corporation, Honeywell International, and Sinopec Yizheng Chemical Fiber Company.
Base year for estimation
Actual estimates/Historical data
2014 - 2015
2016 - 2025
Volume in Kilo Tons, revenue in USD Billion & CAGR from 2016 to 2025
North America, Europe, Asia Pacific, Central & South America & MEA
U.S., Mexico, Canada, Russia, UK, Germany, France, Turkey, Italy, China, India, Japan, Australia, Brazil, Saudi Arabia, Iran
Revenue & volume forecast, competitive landscape, growth factors and trends
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Segments Covered in the Report
This report forecasts volume and revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the textiles market on the basis of product, application, and region:
Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2014 - 2025)
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2014 - 2025)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2014 - 2025)
Fashion & Clothing
Ties & Clothing Accessories
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2014 - 2025)
Central & South America
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