The global textile fabrics market is expected to grow owing to the expansion of the fashion and apparel industry and growth of the oil and gas sector.

WILMINGTON, DE, UNITED STATES, December 16, 2024 /EINPresswire.com/ -- According to Allied Market Research, the global textile fabrics market was valued at $498.0 billion in 2021 and is expected to reach $942.8 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/17511

Key Drivers of Growth

Expansion of Fashion and Apparel Industry:

- The rising consumer demand for innovative fashion and clothing options is significantly driving the market growth.

Advancements in Chemical Industry:

- Enhanced fabric manufacturing technologies and processes have contributed to market expansion.

Increased Investments:

- A surge in investments in textile production facilities is fostering industry growth.

Challenges:

- Fluctuating raw material prices may act as a hurdle to consistent market expansion.

Opportunities:

- The growing popularity of professional sports is likely to open new avenues for the textile fabrics market, especially for performance-enhancing fabrics.

Segment Insights

By Fabric Type:

Polyester:

- Dominated the market in 2021 with ~50% share.
- Expected to exhibit the fastest growth, with a CAGR of 6.9% through 2031.
- Advantages: Durability and strength are key drivers of its demand.

By Application:

Fashion & Clothing:

- Held the largest share in 2021, contributing nearly 60% of total revenue.

Predicted to grow at a CAGR of 6.9%, driven by:

- Increasing demand for stylish apparel.
- Growth of e-commerce platforms.

Regional Insights

Asia-Pacific:

- Accounted for ~40% of the market share in 2021.
- Forecast to grow at the fastest CAGR of 7.0% during the analysis period.
- Drivers: Rising consumer spending on apparel and increasing investments in textile manufacturing hubs.

Key Market Players

The report highlights major players shaping the global textile fabrics market:

- DuPont de Nemours, Inc.
- Klopman International
- Weiqiao Textile Co., Ltd.
- Wolfin Textile Ltd.
- Loyal Textile Mills Ltd.
- Whaley Bradford Ltd.
- Coville Inc.
- Premier Textiles
- Yi Chun Textile Ltd.
- China Textile Co., Ltd.

These companies are employing strategies like acquisitions, mergers, partnerships, and collaborations to strengthen their market presence.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/textile-fabrics-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.