Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk, Cotton), By Product (Natural Fibers, Polyester, Nylon), By Application (Technical, Fashion & Clothing, Household), And Segment Forecasts, 2019 - 2025

Industry Insights

The global textile market size was valued at USD 925.3 billion in 2018 and is expected to register a CAGR of 4.24% over the forecast years. This growth is attributed to the high demand for apparels, particularly in the developing economies including India, China, Bangladesh, and Mexico, as a result of growing population. Moreover, rising disposable income levels and rapid urbanization in these countries have led to the increased number of retail outlets and supermarkets; thereby, supporting overall market growth.

Textile is a flexible material formed using different processes, such as knitting, weaving, felting, or crocheting. These materials are used in the manufacturing of a wide range of conventional, as well as advanced finished goods, in kitchen, upholstery, bedding, transportation, construction, protective, handbags, medical, apparel, ties & clothing accessories.

There has been rising awareness in the manufacturing sector with regards to the Personal Protective Equipment (PPE) owing to stringent regulations aimed at the safety of the workers on shop floors, which is anticipated to encourage the usage of engineered fiber products including nylon. Overcapacity of warehouses in India has led to reduction in cotton prices, which is anticipated to remain an advantageous factor for the local textile manufacturers.

Moreover, rising popularity of wool produced using non-mulesed methods in developed countries is expected to increase the access to raw materials. Emergence of smart textile products in the electronics manufacturing sector, as a result of their ability to sense and react to the environmental conditions or stimuli, is also expected to remain a key influencing factor for the textile market growth.

Raw Material Insights

Cotton emerged as the most widely used raw material and accounted for a market share of 39.47%, in terms of volume, in 2018. Properties of cotton, such as high strength, good absorbency, and color retention, have boosted its demand in the textile industry. Wool-based textile is projected to witness a CAGR of 3.7%, in terms of volume, from 2019 to 2025. Wool is commonly used in the manufacturing of winter-wear. It is known to be totally renewable and recyclable, which drives its demand in this industry.

Silk is one of the popular materials due to its properties including high strength, elasticity, and absorbency. The segment is anticipated to have the highest revenue growth rate of 4.67% from 2019 to 2025. Chemicals play an important role in the textile industry and are widely used as dyeing and finishing agents to improve the appearance of final products. Growing importance of physical appearance of textiles is expected to propel the chemical segment growth in the years to come.

Product Insights

Natural fibers accounted for the highest revenue share in 2018. Natural fibers include biodegradable and renewable materials like linen, cotton, flax, hemp, silk, and wool. Surging demand from the fashion and apparels industry is anticipated to be the major driving factor for the natural fibers segment. Polyester is projected to expand at a CAGR of 4.01%, in terms of revenue, from 2019 to 2025. Such fibers are characterized by high strength, quick drying properties, and high chemical & wrinkle resistance. Owing to these advantages, polyester is one of the most commonly used products in the market. Nylon is expected to exhibit the highest CAGR during the forecast years due to product properties, such as excellent elasticity, high resilience, and low moisture absorbency.

Application Insights

Fashion & clothing led the global market due to constant product innovations in this segment. Moreover, the emergence of online shopping portals with attractive offers is expected to boost the demand of apparels, thereby supporting the market growth. Technical application was the second-largest segment. It is expected to have a steady growth over the forecast period owing to demand for high-performance textiles from various sectors including construction, transportation, and medical.

The household segment accounted for 9.36% of the total volume in 2018. Textiles help maintain the room temperature by reducing the amount of exposure to direct sunlight and heat, which is why they are widely used in the household applications including bedding, kitchen, upholstery, etc.

Regional Insights

Asia Pacific emerged as the largest regional market in 2018 and is projected to expand further owing to the positive outlook towards apparel & garments market in China and India. Growing sales volume of apparel and clothing goods through e-commerce portals in India, China, Bangladesh, and Thailand is also estimated to spur the market growth. Furthermore, supportive government regulations in China and India aimed at promoting investments in their respective manufacturing sectors is expected to foster the market growth.

North America is estimated to expand at a CAGR of 2.90% from 2019 to 2025. Initiatives by various companies to develop superior sports apparel is one of the key factors propelling the regional market. In addition, government support for enhancing the agricultural yield is expected to drive the market further.

Textile Market Share Insights

The global market is highly fragmented owing to the significant market penetration of local manufacturers in India and China. High demand for apparels and availability of low-cost labor in these countries are anticipated to be some of the advantageous factors for the industry participants to establish their Strategic Business Units (SBUs) in Asia Pacific. Prominent companies in this market are Lu Thai Textile Co., Ltd., Successori Reda S.p.A., Paramount Textile Limited, Paulo de Oliveira, S.A., Shandong Jining Ruyi Woolen Textile Co., Ltd., Nike, Inc., Adidas, Aditya Birla Ltd., Levi Strauss & Co., and Belmonte SpA.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global textile market report on the basis of raw material, product, application, and region:

• Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 - 2025)

  • Cotton

  • Chemical

  • Wool

  • Silk

  • Others

• Product Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 - 2025)

  • Natural Fibers

  • Polyesters

  • Nylon

  • Others

• ApplicationOutlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 - 2025)

  • Household

    • Bedding

    • Kitchen

    • Upholstery

    • Towel

    • Others

  • Technical

    • Construction

    • Transportation

    • Protective

    • Medical

    • Others

  • Fashion & Clothing

    • Apparel

    • Ties & Clothing Accessories

    • Handbags

    • Others

  • Others

• Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2015 - 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Russia

    • Germany

    • France

    • Turkey

    • Italy

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • Iran