Textile Fabric Companies are instrumental in providing a vast array of fabrics that touch every aspect of our daily lives. From clothing to furnishings and industrial applications, these companies are the backbone of the textile industry, ensuring quality, innovation, and diversity in fabric choices for consumers worldwide.
September 2023
Arvind Ltd., the largest textile manufacturer in India, would invest close to $100 million in Uttar Pradesh (UP) and build a clothing facility in Varanasi. 2000 women are anticipated to gain direct employment as a result of the campaign.
The Ahmedabad-based company is already operating its first production facility in Uttar Pradesh. During the UP roadshow in Ahmedabad, where ministers and other top UP officials met with company executives, this project was decided upon at the beginning of the year. Arvind Ltd., which has an annual revenue of Rs. 8,382 crores, engages in the textile and advanced material industries.
January 2023
Reliance Industries Limited of India debuted its HexaRel at the Tecoya Fibres & Yarns Exhibition at the Jio World Convention Centre in Mumbai. HexaRel is a brand-new improved fabric technology that provides an extraordinary mix of qualities in a single fabric or garment. In order to meet the needs of young, sophisticated consumers, it provides a variety of practical advantages for the creation of textiles for the home and clothing.
The wearer experiences a sense of comfort and cleanliness thanks to the HexaRel technology enabled textile's outstanding thermal conductivity, incredible moisture control, and many other features. The primary advantages of clothing made from HexaRel include cool to the touch, anti-bacterial, anti-viral, mosquito repellent, anti-odour, antistatic, better water absorption and wicking, thermal regulating effect, and ultraviolet protection without sacrificing the hand-feel, texture, and aesthetic qualities of the final fabric. HexaRel-based fabrics and clothing are multipurpose, responsive, and adaptive due to the combination of its six distinct advantages.
The Textile Fabrics Market Size was valued at USD 547.42 Billion in 2022. The Textile Fabrics industry is projected to grow from USD 596.84 Billion in 2023 to USD 942.80 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.03% during the forecast period (2024 - 2030). Textile fabric is a two-dimensional structure that resembles a plane formed of textile materials. It has a good amount of strength, elongation, and flexibility, and it can be used for a variety of things, such as technical clothing, sportswear, and other things. These materials are processed, weaved, or knitted to create textile textiles. They can produce fabric for industrial use, natural fur, agricultural or medicinal use, as well as commonly made things including apparel, accessories, gloves, caps, and blankets. One of the main factors propelling the market during the projected period is the rising usage of textile fabric in fashion and clothing.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Natural fiber composites are used extensively in the car industry for both interior and exterior applications since they are stronger and comparatively lighter than conventional fibers. Cotton, linen, silk, wool, hemp, jute, and cashmere are examples of natural fibers derived from plants and animals. These fibers are frequently used to create clothing, accessories, building materials, medicinal treatments, and automotive interiors, among other things. The worldwide textile business is expanding considerably as a result of the number of natural fibers, particularly cotton, in China and India. Since silk comes in both fine and coarse varieties, it is utilized for both upholstery and clothing. Jute and wool are utilized as textile materials because of their softness, elasticity, and durability. the growing use of cotton and other natural fibers such as cotton, silk, wool, and jute, will drive the global textile market during the forecast period.
The market segmentation, based on Fabric Type, includes Cotton, Polycottons, and Polyester. The Cotton segment may dominate the market. The most popular natural fiber in the world and one with exceptional strength, absorbency, and color retention characteristics is cotton. Because cotton clothing is easier to machine wash in hot water and can withstand several pieces of washing, cotton apparel is more appealing to consumers, which eventually fuels the growth of the textile fabric sector.
Based on Application, the global market segmentation includes T-shirts, sportswear, Outdoor Clothing, and Performance Wear. The market was dominated by the T-shirts segment in 2021 and is anticipated to develop at the fastest rate. The growth of the segment is attributed to the growing demand for T-shirts from the apparel industry. The segment is further expected to benefit from the growing popularity of athleisure.
Figure 2: Textile Fabrics Market, by Fabric Type, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region is the largest market for textile fabrics and is expected to continue to grow at a rapid pace, driven by the increasing population and rising disposable incomes. The growing middle class is increasingly demanding higher-quality textile products, which is expected to drive the demand for textile fabrics in the region. In addition, the Asia Pacific region is home to some of the world's largest producers of textile fabrics, such as China, India, and Pakistan. These countries are expected to continue to dominate the global market for textile fabrics over the forecast period.
Figure 3: TEXTILE FABRICS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
A higher CAGR is anticipated for North America. The rising demand for fabric t-shirts and outdoor clothes is expected to greatly aid the expansion of the local market. Also, it is renowned for its textiles, raw materials, clothing, yarns, and furniture. The US is anticipated to contribute much more than any other country to the market's growth.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Textile Fabrics industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Textile Fabrics industry to benefit customers and expand the market sector. Major market players, including Toray Textiles Europe Limited, Arvind Limited (India), Klopman International, Reliance Industries Limited, Shahlon Group, and others, are attempting to increase market demand by funding R&D initiatives.
Arvind is a textile producer. Denim, woven and knit textiles, sophisticated materials, mega mart retail, export of clothes, organic crops, and non-woven clothing are among its areas of specialization.
Klopman is a designer and producer of polyester and cotton textiles. Its goods include flame-retardant textiles, denim, Tencel, protective clothing, corporate wear, and workwear materials. The firm serves healthcare, automotive, hotel, oil and gas, construction, and other industries.
August 2022: Reliance Industries Ltd announced it will use FRX Innovations’ Nofia technology to enhance the sustainable edge of its well-established Recron FS fire-resistant polyester for polyester textile applications.
February 2021: Shahlon Silk Industries has announced that it has expanded its geographical reach by exporting its goods to 15 countries, including the U.S., Europe, the Middle East, Africa, Belgium, Egypt, Jordan, North Africa, Thailand, Turkey, Sri Lanka, Bangladesh, and Korea.
Textile Fabrics Type Outlook
Textile Fabrics Application Outlook
Textile Fabrics Regional Outlook
Textile Fabrics Market Highlights:
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