The Global Textile Fabrics Market 2020 is projected to mature at a healthy CAGR of 5.67% to acquire a market value of about USD 398.81 Billion by the end of 2025.

Growing demand for sportswear and performance wear and the expanding clothing industry in the developing Asia-Pacific economies are the main factors fuelling the growth of the global market. Growing awareness of the health benefits of wellness practices in developed and developing countries plays an important role in the advancement of the global market.

However, demand growth is projected to be slowed by fluctuations in cotton prices, the import-export situation for trading countries and high currency exchange rates in the years to come.

However, with rising awareness of the environmental impacts of conventional cotton farming, textile industries are turning towards organic cotton, which is expected to produce lucrative opportunities for manufacturers of textile fabrics market during the review period.

The global economy was hit by the sudden COVID-19 epidemic. The condition of COVID-19 for textile fabrics has been evaluated by MRFR and a substantial increase in health care is expected in textile fabrics and in the near term, a positive shift in consumer behaviour is predicted. This has extended many issues to the garment industry, where the bulk of the demand is under strain, disturbing the supply chain of textiles from cotton to clothes. The fashion industry is absolutely impacted by the lockdown of factories and department shops. As this situation prevails, prices in the domestic and global markets have also fallen.

With the growing need for PPE for medical professionals, the demand for woven fabrics in the healthcare industry is booming. Several new entrants have been launched by the supply-demand crunch of fabrics for the healthcare sector and provide an open opportunity to grow their base in the market. The supply of fabrics in this case is the greatest problem because of the trade war and the volatile resource situation..

Segmental Analysis

The global textile fabrics market has been segmented into polycottons, cotton, and polyester, based on fabric type. 

The global textile fabrics market has been divided into energy, aerospace defense, industrial gas turbine, oil gas, automotive, and others, based on the application.

Regional Overview

The Global Textile Fabrics Market has been studied in five vital regional markets, namely Asia-Pacific, North America, Europe, Middle East Africa, and Latin America.

The Asia-Pacific market was accounted for the largest market share of 44% in 2018 and is projected to record the highest growth at a CAGR of 6.18% during the review period. This is relatively due to the high demand for clothes and sportswear in the area. It is also anticipated that the simple availability of raw materials, low labour costs and rising concern for health fitness would further improve the overall growth of the industry. In this sector, China is the major contributor to development, followed by India, Vietnam, Bangladesh and others.

The second-largest market share was compensated for by the European market in 2018. This is partly due to the region 's strong fashion and sports apparel industry.

the North American industry would post a healthy CAGR of 5.87 percent. Due to the increasing cotton fabric use in T-shirts and outdoor clothes, the US is the leading market for textile fabrics in this country. In addition to other garment finishing uses, it is also an valuable market for clothing raw materials, textiles, garments, yarns, and home furnishings.

Competitive Dashboard

The Prominent Players in the Global Textile Fabrics Market are  Coville (US), Arvind Limited (India), Loyal Textile Mills Ltd (India), Reliance Industries Limited (India), Shahlon Group (India), Bombay Rayon Fashions Limited (India), Weiqiao Textile Company Limited (China), China Textiles (Shenzhen) Co.,Ltd (China), HuaFang Group (China), YI CHUN TEXTILE LTD (China), COFCO -CHINATEX (China), Wolfin Textiles Ltd (UK), Lauffenmühle (Germany), Klopman International S.r.l. (Italy), Whaleys (Bradford) LTD (UK), Toray Textiles Europe Limited (UK), Antex Knitting Mills (US), and Premier Textiles Limited (UK), among others.

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