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Global Textile Market 2019-2023
SKU ID : TNV-14098794 | Publishing Date : 27-Mar-2019 | No. of pages : 137
About this market
The growing construction activities are fueling the demand for textiles including natural fibers, nylon, and polyester. The industry will increasingly use textiles as they are durable, smooth, malleable, and enhance the cost-effectiveness of construction structures. Furthermore, the use of construction fabrics in the Middle East and other emerging economies will further drive the textile market to witness considerable growth in the upcoming years. analysts have predicted that the textile market will register a CAGR of over 6% by 2023.
Market Overview
Increasing demand for natural fibers
One of the growth drivers of the global textile market is the increasing demand for natural fibers. The increasing consumption of natural fibers such as cotton, silk, wool, and jute given their various attributes such as environmentally-friendly nature and easy availability will drive the growth of the market during the forecast period.
Unauthorized textile production units in China
One of the challenges in the growth of the global textile market is unauthorized textile production units in China. The presence of scattered and unorganized textile manufacturers that use toxic dyeing chemicals is forcing the government to impose stringent regulations and ban their operations.
For the detailed list of factors that will drive and challenge the growth of the textile market during 019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several market players. Vendors in the market are strongly emphasized on new technology and innovations to maintain their competitive edge and market share. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The growing construction activities are fueling the demand for textiles including natural fibers, nylon, and polyester. The industry will increasingly use textiles as they are durable, smooth, malleable, and enhance the cost-effectiveness of construction structures. Furthermore, the use of construction fabrics in the Middle East and other emerging economies will further drive the textile market to witness considerable growth in the upcoming years. analysts have predicted that the textile market will register a CAGR of over 6% by 2023.
Market Overview
Increasing demand for natural fibers
One of the growth drivers of the global textile market is the increasing demand for natural fibers. The increasing consumption of natural fibers such as cotton, silk, wool, and jute given their various attributes such as environmentally-friendly nature and easy availability will drive the growth of the market during the forecast period.
Unauthorized textile production units in China
One of the challenges in the growth of the global textile market is unauthorized textile production units in China. The presence of scattered and unorganized textile manufacturers that use toxic dyeing chemicals is forcing the government to impose stringent regulations and ban their operations.
For the detailed list of factors that will drive and challenge the growth of the textile market during 019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several market players. Vendors in the market are strongly emphasized on new technology and innovations to maintain their competitive edge and market share. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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