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The global textile market size is projected to reach at USD 1.23 trillion by 2025 expanding at a CAGR of 4.24%, according to a new report by Grand View Research, Inc. Population growth, rising disposable income levels, and rapid urbanization in developing countries like China, India, and Mexico are likely to boost the product demand. Moreover, increasing number of supermarkets and retail outlets in these countries is expected to drive the demand further. Growing importance of Environment, Health and Safety (EHS) systems in manufacturing sector owing to stringent regulations aimed at safety of workers in offshore industries like oil & gas is projected to boost the demand for Personal Protective Equipment (PPE).

Moreover, development of technical textiles that are offer protection against high temperatures, electric arc flash discharge, molten metal impact, and acid environment is estimated to fuel the textilemarket growth. Therefore, growing personal protective equipment market is expected to drive the demand for textile products over the projected period. The Middle East & Africa (MEA) region is projected to witness revenue growth at a CAGR of 4.19% from 2019 to 2025 owing to constant product innovations in apparels application segment. Asia Pacific is expected to register the highest CAGR during the forecast years.

To request a sample copy of this report, click the link below: 
www.grandviewresearch.com/industry-analysis/textile-market

Further key findings from the study suggest:

  • Cotton is the most widely used raw material in the global textile industry owing to its excellent durability and resistance to dust mite and hypoallergenic

  • In terms of volume, polyester held a market share of 28.04% in 2018 and will grow further owing to its properties, such as high strength and excellent shrink resistance

  • Household application segment will register a CAGR of 3.28% from 2019 to 2025 due to rising consumer preference for textured and light absorbing fabrics in home décor

  • Apparel is anticipated to witness a CAGR of 4.42% from 2019 to 2025 owing to increasing demand for luxury and trending fashionable clothes

  • Europe is likely to witness volume growth at a CAGR of 2.32% from 2019 to 2025. Demand for silk fabrics for household and fashion & clothing applications is likely to boost the market growth

  • Key companies in the market are Lu Thai Textile Co., Ltd., Shandong Jining Ruyi Woolen Textile Co., Ltd., Successori Reda S.p.A., and Paramount Textile Limited

 

Smart Textile Market Size Worth $5.55 Billion By 2025 | CAGR: 30.4%

  • Global smart textile market is anticipated to witness a substantial growth owing to increasing product demand from several applications, such as sports & fitness

  • The defense & military segment is anticipated to account for the highest market share by 2025, while sports & fitness segment will register the fastest CAGR over the forecast years

  • North America accounted for over 47% of the overall share in 2018, thus, leading the global market and is likely to maintain the dominance even during the estimated period

  • Key companies in the market include Adidas AG; Ohmatex ApS; Peratech Ltd.; Infineon Technologies; Clothing+; Fibertronic Ltd.; Weartech; and Tektronix, Inc.

  • Funding and investments by government organizations are estimated to help these firms in product development and innovation

  • Industry stakeholders include a number of entities, such as system integrators and Original Equipment Manufacturers (OEMs), as well as manufacturers of textiles and electronic components

To request a sample copy of this report, click the link below: 
www.grandviewresearch.com/industry-analysis/smart-textiles-industry

 

Global Textile Chemicals Market Size, Share, Industry Report, 2019-2025

  • In terms of revenue, colorants and auxiliaries led the global textile chemicals market with a share of over 30% in 2018. The demand is driven by the increasing requirement for colored textiles and leather, coupled with rising demand for fashion garments

  • Demand for technical textiles has increased significantly over the past few years on account of its growing application in various end-use industries, such as agriculture, healthcare, construction, packaging, automotive, and environmental protection

  • China led the apparel segment for several years as the apparel manufacturers in developed countries such as U.S. and Canada have witnessed a declining trend with a global market share of over 35% in 2018

  • Some major players having a significant stake in the textile chemical industry include Sumitomo Chemicals Co. Ltd.; The Lubrizol Corporation; Kiri Industries Limited; Evonik; Kemira; Tata Chemicals Ltd.; and Omnova Solutions Inc.

To request a sample copy of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/textile-chemical-market