Market Highlights
The Textile Fabrics Market is projected to
register a healthy CAGR of 5.67% and is estimated to attain a
market value of USD 398.81 Billion by the end of 2025.
The major factors favoring this growth trajectory of the
global Textile Fabrics Market the surging demand for sportswear and performance
clothing across the globe; and robust growth of the textile industry in the
economies of Asia-Pacific namely, India, China, Indonesia, Malaysia, Thailand,
and Myanmar. Also, increasing demand for customized t-shirts is likely to
further propel the global market growth. The growing consumer shift from
non-organic cotton to organic cotton is expected to create lucrative
opportunities for the market players. However, the fluctuating prices of cotton
and the risks associated with cotton farming are likely to diminish the overall
market growth.
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Polyester is the preferred fabric for manufacturing
sportswear owing to its lightweight, low cost, high durability, quick-drying,
high wind and water resistance, and dye fastness. Furthermore, polyester can
regulate body temperature, delay exhaustion, and enhance muscle performance. It
has excellent dimensional stability and offers high resistance to dirt, mold,
alkali, and most common organic solvents. It is light in weight, soft, and
offers elasticity—the required characteristics for sportswear. Polyester is
used in the manufacturing of sportswear since the 1970s owing to its excellent
physical properties. Moreover, the polyester filament fabrics can be applied with
a hydrophilic coating. Thus, polyester-based fabrics with their hydrophobic
core and hydrophilic coating help to wick moisture away from the skin.
Sometimes, polyester is blended with cotton or other fabrics to increase
breathability, maintain moisture management, and enhance durability. The major
brands, such as Adidas, are gradually shifting toward recycled polyester to
manufacture sportswear.
Segment Analysis
The Global Textile Fabrics Market has been segmented on
the basis of fabric type, application, and region.
Based on fabric type, the market has been divided
into cotton, polycottons, and polyester. The polycottons are further
segmented into 65/35%, 50/50%, 35/65%, 40/60%, 10/90%, and others. Among
the fabric type, cotton held the largest market share of more than 50%
in 2018. This is primarily due to its wide use in the manufacturing of
apparel and clothing on account of its ability to control moisture and comfort.
It is hypoallergenic and weatherproof fabric with good durability. It is
breathable and transmits moisture away from the body and also acts as an
absorbent. Polycotton fabrics are cotton-polycottons fabrics available at low
cost and exhibit high performance, easy-wash ability, and good colorfastness
(ability to hold dye) of the fabric. Polyester is generally cheaper than cotton
fibers and the two are blended to make the fabric more affordable as well as
both breathable and sweat-resistant, with cotton absorbing sweat better and
polyester having good wicking and quick-dry properties.
By application, the global Textile Fabrics Market has been
segmented into a t-shirt, sportswear, outdoor clothing, and performance wear.
The t-shirt segment accounted for the largest market share in 2018. This is
mainly attributed to the high use of t-shirts in the leisure wears or daily
wear category. Also, the current trend of getting the t-shirts personalized as
per the demand has favored the use of t-shirts at present. However, the
sportswear segment is projected to grow at the highest CAGR of 6.14% during
the forecast period. This is primarily due to the high demand for
high-performance sports apparel. The sports apparel is gaining popularity in
many developing countries such as China, India, and Brazil owing to the
upcoming Olympics and FIFA World Cup coupled with increasing concern for health
fitness.
Regional Analysis
The Global Textile
Fabrics Market is studied with respect to five key regions, namely
Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin
America. The proliferating textile and apparel industry in the emerging
economies of Asia-Pacific is expected to augment the global market growth
during the forecast period. The market for textile fabrics in Asia-Pacific is
estimated to register the highest CAGR of 6.18%. This is
attributed to the well-established textile industry in the regional market and
the growing demand for sports and performance wears. Additionally, the easy
availability of raw material, low labor costs, and excellent growth of the
emerging economies such as China India, Vietnam, Bangladesh, ASEAN, Taiwan, and
Thailand may favor the regional market growth.
The European market held the second-largest market share
in 2018, which is attributed to the high use of the fashion and
sports apparel in the region. The North American market is estimated to
register a healthy CAGR of 5.87% wherein the US is the major
contributor to the growth of the regional market. This is due to the increasing
consumption of cotton fabric in T-shirts and outdoor clothing.
Market Players
MRFR recognizes the following companies as the Key
Players in the Global Textile Fabrics Market— Antex Knitting Mills
(US), Coville (US), Arvind Limited (India), Loyal Textile Mills Ltd (India),
Reliance Industries Limited (India), YI CHUN TEXTILE LTD (China), Shahlon Group
(India), Bombay Rayon Fashions Limited (India), Weiqiao Textile Company Limited
(China), China Textiles (Shenzhen) Co.,Ltd (China), HuaFang Group (China),
COFCO -CHINATEX (China), Wolfin Textiles Ltd (UK), Lauffenmühle (Germany),
Klopman International S.r.l. (Italy), Whaleys (Bradford) LTD (UK), Toray
Textiles Europe Limited (UK), and Premier Textiles Limited (UK), among
others.
Key Findings of the Study:
- Global
Textile Fabrics Market is projected to be valued at over USD
398.81 Billion by the end of 2025 with a CAGR of over
5.67% during the forecast period of 2019–2025
- Asia-Pacific
dominated the global market with a share of over 40% owing
to the increasing demand for textile fabrics in the well-established
fashion apparel industry
- The cotton
fabric segment held more than 50% share of the
global market in 2018 and is expected to be valued at
over USD 200 Billion by the end of 2025
- T-shirts
segment dominated the market for textile fabric by application, with over
50% market share in 2018
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