The global textile manufacturing market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period (2023–2030). The key driving factor for the market is the versatility of textiles and their several different uses. It is used in the automobile industry, the fashion and apparel industry, the construction industry, and in many other household applications such as bedsheets, towels, carpets, and others. In automobiles, it is used to make sunroofs, carpet, seat belts, sun visors, seat cover linings, and other parts. On the other hand, in construction, it is used for acoustic and thermal insulation and for building protection from the sun, wind, fire, and water.
Among all the industrial applications, the fashion and apparel industry holds a significant share of the market owing to the growing population that results in high apparel demand. According to the United States Census Bureau, as of March 2023, the world population amounts to about 8 billion. This shows the increasing demand for the apparel industry as well.
Another factor that is assisting in the market’s growth is the key players that are contributing to the market with their various product launches, market expansions, and investments. For instance, in February 2023, Roswell Textiles announced the commercialization of Ecofuse, plant-based low-carbon nonwoven textiles that can give carbon offsets and are designed to replace current synthetic nonwoven materials with more sustainable and ecologically friendly alternatives.
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Market Coverage
- The Market Number Available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Product Type
- By Raw Material
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-BSL Ltd., China Textiles Ltd., Grasim Industries Ltd., Hyosung TNC, INVISTA Srl., JCT Ltd., and others.
Textile Manufacturing Market Report Segment
By Product Type
- Natural Fibers
- Nylon
By Raw Material
- Cotton
- Wool
- Silk
- Chemical
By Application
- Technical
- Fashion & Clothing
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Textile Manufacturing Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- BSL Ltd.
- China Textiles Ltd.
- Grasim Industries Ltd.
- Hyosung TNC
- INVISTA Srl.
- JCT Ltd.
- Li & Fung Group
- Lu Thai Textile Co., Ltd.
- Mayur Suitings
- Modern Woollens Ltd.
- Paramount Textile Ltd.
- Paulo de Oliveira, S.A.
- Rhodia SA
- Shadong Jining Ruyi Woolen Textile Co., Ltd.
- Sinopec Yizheng Chemical Fibre Co., Ltd.
- Successori REDA S.p.A.
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