Nov 24, 2020   SOURCE: BusinessWire

Global Textile Market (2020 to 2026) - Featuring Aditya Birla, BSL & Glen Raven Among Others - ResearchAndMarkets.com

The "Textile Market 2020-2026" report has been added to ResearchAndMarkets.com's offering.

The textile market is projected to grow at a CAGR of 4.8% during the forecast period (2020-2026).

The textile sector is an ever-growing market with remarkable growth prospects almost all across the globe. Favorable demographics, increasing per capita income, and a shift in preference toward branded products to drive demand for textile, globally. Superior quality and advantageous trade policies are also estimated to play an imperative role and boost textile exports.

Growth in building and construction will continue to drive demand for non-clothing textiles. The availability of raw materials such as cotton, wool, silk and jute is in abundance, which, in turn, has provided a significant boost to the market. Developing countries such as China and India are playing a pivotal role in the overall textile industry. The central forte of the Indian textile industry is its robust production base of a wide range of fiber, yarns from natural fibers like silk, jute, cotton, and wool to synthetic, man-made fibers such as acrylic, nylon, polyester, and viscose.

The global textile market is segmented based on material and application. Based on material, the textile market is segmented into cotton, jute, silk, synthetic, wool, and others. The application segment includes fashion and clothing, industrial/technical, and household. Silk is expected to record a significant growth rate over the forecast period as it is a high value-added product and it always ranks comparably higher than any other textile fiber known used in present times due to its appreciation in terms of consumer preference, unit values, fashion significance, employment generation, income-generating opportunities in producer communities and the intangible value related to the preservation of mankind's cultural heritage.

Natural fibers, including cotton, silk, linen, wool, hemp, jute, and cashmere are produced by plants, animals, and geological processes. The primary use of these materials is used in apparel, manufactured garments, medical dressings, construction materials, and automobile interiors, among others. The availability of cotton is in abundance, especially, in India, China, and the US, contributing substantially to the growth of the overall textile market.

Companies Mentioned

  • Aditya Birla Group
  • Arvind, Ltd.
  • BSL, Ltd.
  • Chori Co., Ltd.
  • Elevate Textiles, Inc. (International Textile Group)
  • Far Eastern New Century Corp.
  • Glen Raven, Inc.
  • HuaFang Group
  • Hyosung TNC Corp.
  • Koch Industries, Inc.
  • Lakshmi Mills Co.
  • Nisshinbo Holdings, Inc.
  • Paramount Textile, Ltd.
  • POLLACK
  • PVH Corp.
  • Ralph Lauren Corp.
  • Raymond Group
  • Reliance Industries, Ltd.
  • River Island
  • Shandong Ruyi Technology Group Co.
  • Shandong Weiqiao Pioneering Group Co., Ltd.
  • Solvay S.A.
  • Successori REDA SpA
  • Texhong Textile Group, Ltd.
  • The Ruby Mills, Ltd.
  • Topman
  • Toray Industries, Inc.

The Report Covers

  • Market value data analysis of 2019 and forecast to 2026.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global textile market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying 'who-stands-where' in the market.

Key Topics Covered:

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

4. Market Determinants

4.1 Motivators

4.2 Restraints

4.1. Opportunities

5. Market Segmentation

5.1. Global Textile Market by Material

5.1.1. Cotton

5.1.2. Jute

5.1.3. Silk

5.1.4. Synthetic

5.1.5. Wool

5.1.6. Others

5.2. Global Textile Market by Application

5.2.1. Fashion and Clothing

5.2.2. Industrial/Technical

5.2.3. Household

6. Regional Analysis

6.1. North America

6.1.1. US

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe

6.3. Asia-Pacific

6.3.1. China

6.3.2. India

6.3.3. Japan

6.3.4. ASEAN

6.3.5. South Korea

6.3.6. Rest of Asia Pacific

6.4. Rest of the World

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/rb3n1a