The global textile market size was worth around USD 1,738.80 Million in 2023 and is predicted to grow to around USD 3,390.00 Million by 2032 with a compound annual growth rate (CAGR) of roughly 7.70% between 2024 and 2032.
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Fibers, filaments, or yarns are examples of textiles that are employed to manufacture cloth or fabric. Textiles are typically sourced from four primary sources: plant, animal, mineral, and synthetic. The primary manufacturing processes of textile commodities include knitting, ginning, spinning, crocheting, and bonding. Raw materials such as cotton, silk, wool, and flax fibers are employed to manufacture the final products of the textile industry.
Textiles are in use in a diverse array of applications, including domestic, industrial, and miscellaneous. Clothing applications and the production of containers such as baskets and bags utilize a significant portion of the textile industry’s production. Additionally, textiles are employed in domestic applications such as upholstered furniture, carpeting, towels, bedding, window shades, and tablecloths.
The global textile market is expected to experience significant development in the future as a result of the rapid industrialization and thriving automobile production in emerging nations worldwide. The textiles utilized in automobiles are typically non-apparel items that are commonly found in vehicles such as buses, cars, and railroads.
Consequently, the textiles employed in vehicles encompass a wide range of textile materials, including fibers, strands, filaments, and fabrics. Seat coverings, door liners, and carpets comprise approximately 75% of the automobile textiles that are employed for interiors. The remaining automobile textiles are utilized to manufacture safety harnesses, tires, hoses, and airbags. The demand for textiles in the automotive industry is primarily driven by the favorable safety regulations that have been established by various governments worldwide.
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The Global Textile Market is segmented based on product, application and region
Global Textile Market: Product Segment Analysis
● Natural Fiber
● Polyester
● Nylon
Global Textile Market: Application Segment Analysis
● Household
● Technical and Workwear
● Fashion and Clothing
● Others
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The global Textile market profiles key players such as:
● Shandong Jining
● Invista
● Honeywell International
● Asahi Kasei Fibers Corporation
● Paramount Textile Group
● Lu Thai Textile Co. Ltd.
● Bombay Dyeing
● Grasim Industries
● JCT Limited
● Weiqiao Textile Co. Ltd.
● DBL Group
● IBENA Group
● Arvind Ltd.
Regional Analysis of the Textile Market
North America is anticipated to experience substantial growth in the years ahead, broken down by region. Importers and suppliers of textile materials are the primary sources of support for the U.S. textile industry. Furthermore, the textile industry of the United States exports textiles to approximately 200 countries worldwide. Additionally, the increasing demand for clothing and fabric in the United States is being driven by the evolving lifestyle of young consumers, which is expected to support the development of the textile market in the region.
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