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.
Market Players
·
Antex Knitting Mills
·
Coville
·
Arvind Limited
·
Loyal Textile Mills Ltd
·
Reliance Industries Limited
·
YI CHUN TEXTILE LTD
·
Shahlon Group
·
Bombay Rayon Fashions Limited
·
Weiqiao Textile Company Limited
·
China Textiles Co.,Ltd
·
HuaFang Group
·
COFCO -CHINATEX
·
Wolfin Textiles Ltd
·
Lauffenmühle
·
Klopman International S.r.l.
·
Whaleys
·
LTD
·
Toray Textiles Europe Limited
·
Premier Textiles Limited
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.
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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.
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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