Textile Fabrics Market Growth, Size, Share, Trends, and Forecast 2032

Textile Fabrics Market

Textile Fabrics Market By Application (Clothing Textiles, Home Textiles, Industrial Textiles, Technical Textiles, Specialty Fabrics, and Others), By Fabric Type (Polycottons, Cotton, Polyester, Leather, Denim, Wool, Nylon, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Category: Consumer Goods Report Format : PDF Pages: 219 Report Code: ZMR-8072 Published Date: Feb-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 507.63 Billion USD 882.71 Billion 6.34% 2023

 

Textile Fabrics Industry Prospective:

The global textile fabrics market size was worth around USD 507.63 billion in 2023 and is predicted to grow to around USD 882.71 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.34% between 2024 and 2032.

Global Textile Fabrics Market SizeRequest Free Sample

Textile Fabrics Market: Overview

Textile fabrics are also referred to as fabrics. They are clothing materials that may be either non-woven or woven. In the former category, textile fabrics may include tufted, knitted, bound together, and knotted. A variety of textile fabrics are used in the fashion sector to create garments or materials for commercial sales. Textile fabrics are available in several categories including animal-based or plant-based, woven or knitted fibers, natural or synthetic. The different types of fabrics can be curated in different patterns, feel, and look to achieve a final look with specific applications. The textile fabrics industry is one of the fastest and highest revenue-generating industries globally with multiple factors working coherently to drive market demand.

Additionally, the increasing investment in technological innovation to improve fabric production and application has been pivotal in ensuring industry revenue remains high. However, it is also subject to several challenges and concerns limiting market expansion. During the forecast period, the industry players are projected to register a steady growth rate.

Key Insights:

  • As per the analysis shared by our research analyst, the global textile fabrics market is estimated to grow annually at a CAGR of around 6.34% over the forecast period (2024-2032)
  • In terms of revenue, the global textile fabrics market size was valued at around USD 507.63 billion in 2023 and is projected to reach USD 882.71 billion, by 2032.
  • The market is projected to grow at a significant rate due to the rising demand for clothing and apparel
  • Based on application segmentation, clothing textiles were predicted to show maximum market share in the year 2023
  • Based on fabric type segmentation, cotton was the leading segment in 2023
  • On the basis of region, Asia-Pacific was the leading revenue generator in 202

Global Textile Fabrics MarketRequest Free Sample

Textile Fabrics Market: Growth Drivers

Rising demand for clothing and apparel may drive market demand

The global textile fabrics market is expected to grow owing to the increasing demand for clothing and apparel across the globe. Clothing products are necessities for all humans. The increasing population rate as well as the rapid expansion of the fashion industry has led to higher demand for fashionable clothing items. Other factors that have contributed to the increased use of clothes thus, in turn, affecting demand for textile fabrics, is the growing disposable income of the general population along with easier access to global clothing brands with the aid of e-commerce portals bringing multiple brands under one roof.

For instance, in July 2022. Myntra, a leading Indian e-commerce portal, sold more than 5 million products in one day during a week-long discount festival. Such strategies are adopted by all companies including the brands leveraging online selling modes as well as companies in the offline market. The growing influence of fast fashion has further promoted the demand for inexpensive fabrics since fast fashion provides access to quickly replaceable trendy fashion clothing. The demand among consumers is equally high for other forms of accessories such as footwear products. The leading sports apparel brand, Nike, sells more than 780 million pairs of shoes every year as per official records. Other brands globally also provide similar statistics. The growing rate of population along with the rising purchasing power of the consumers is expected to push the demand for textile fabrics to new heights.

Fabric versatility to act as the essential growth driver during the projection period

Textile fabric is likely to benefit due to the high versatility of the commodity. For instance, special fabrics are designed for specific industries that offer essential features. For instance, fabric with space applications must meet specific requirements including resistance to radiation, thermal stability, resistance to atomic oxygen, and antistatic properties among other attributes. In March 2023, the National Aeronautics and Space Administration launched a new space suit that is specially designed to be used in lunar applications.

Although the agency has not revealed the trade secrets, the new design will allow space researchers to conduct essential research without additional hindrances. Other fabric applications deal with applications in the agriculture and medical industries. During COVID-19 peak in 2022, the demand for Personal Protective Equipment (PPE) kits has risen dramatically. It consists of several fabric-based components thus impacting the global textile fabrics market.

Textile Fabrics Market: Restraints

Use of extensive and harmful chemicals during fabric production may restrict market expansion

Textile fabric production deals with the extensive use of chemicals. In some cases, the chemicals can be extremely harmful to the environment as well as the people working in the production line. The process includes the use of fixing agents, dyes & pigments, bleaching agents, solvents, surfactants, and softeners. Several agencies have raised concerns over lack of transparency in terms of chemicals used in the production which raises additional limitations for the global textile fabrics industry.

A growing number of consumers are requesting more information for disclosing chemical content used during fabric production. However, companies may find it difficult to deliver as per the consumer requests.

Textile Fabrics Market: Opportunities

Integration of 3D printing in the textile fabric manufacturing process may generate high growth opportunities

The global textile fabrics market is projected to witness higher growth as companies are investing in the integration of 3D printing technology in textile fabric manufacturing. 3-dimensional printing is a form of advanced innovation in textile manufacturing. It offers measures to customize designs and patterns as per client requirements. Moreover, it can also be used to deliver complex patterns.

In 2022, Stratasys showcased TechStyle technology for 3D printing on textiles at the International Textile Machinery Association (ITMA) exhibition held in 2023. In November 2023, Anouk Wipprecht, a Dutch high-end fashion brand, announced the launch of an innovative 3D-printed dress that is affected by its environment through light-emitting diodes (LEDs).

Growing demand for sustainable fabric will push the market growth rate

The demand for textile fabrics industry is expected to witness more demand as a result of growing awareness about sustainable and plant-based fabric. Such textile products are environmentally friendly and do not require intensive resource investments.

In December 2023, Paka, a Peruvian sustainable outdoor clothing brand, announced the launch of PAKACLOUD. The new line is eco-friendly as it is made of natural fleece. A growing number of companies are collaborating to create ecosystems that support the manufacturing of plant-based textile products thus promoting growth in the global textile fabrics market.

Textile Fabrics Market: Challenges

Rising cost of raw materials and the high inflation rate will challenge the market expansion

The global textile fabrics market is projected to be challenged by the growing cost of raw materials. The inflation rate globally has witnessed a sharp rise in 2023. This in turn has affected the prices of the basic raw materials including labor charges. As the world economies register high volatility in the coming years, the players operating in the sector will be affected.

Textile Fabrics Market: Segmentation

The global textile fabrics market is segmented based on application, fabric type, and region.

Based on application, the global market is divided into clothing textiles, home textiles, industrial textiles, technical textiles, specialty fabrics, and others. In 2022, the highest growth was witnessed in the clothing textiles segment due to the widespread prevalence of clothing products across the globe as well as the increasing demand for fast-fashion products. The rising number of affordable clothing providers along with the growing influence of the e-commerce sector further promotes segmental revenue. In 2023, H&M, a leading fast-fashion giant, witnessed an increase of 40% in annual sales.

Based on fabric type, the global market segments are polycottons, cotton, polyester, leather, denim, wool, nylon, and others. In 2022, the highest market growth was witnessed in the cotton segment due to the product's higher versatility. Cotton is used in several end-user applications including clothing items and home textile products. Polyester has more demand in the clothing industry driven by the inexpensive trait of the fabric making it highly sought after in the fast fashion industry. In 2022, the fast fashion industry was valued at over USD 100 billion.

Textile Fabrics Market: Report Scope

Report Attributes Report Details
Report Name Textile Fabrics Market
Market Size in 2023 USD 507.63 Billion
Market Forecast in 2032 USD 882.71 Billion
Growth Rate CAGR of 6.34%
Number of Pages 219
Key Companies Covered Toray Industries Inc., Indorama Ventures Public Company Limited, Welspun India Ltd., Huntsman Corporation, Luthai Textile Co. Ltd., Invista, Bombay Dyeing & Manufacturing Company Limited, Eastman Chemical Company, Teijin Limited, Asahi Kasei Corporation, Lenzing AG, Hyosung Corporation, DuPont, Sutlej Textiles and Industries Ltd., BASF SE., and others.
Segments Covered By Application, By Fabric Type, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Textile Fabrics Market: Regional Analysis

Asia-Pacific to register the highest growth rate during the forecast period

The global textile fabrics market will be dominated by Asia-Pacific during the forecast period. The preliminary reason for the higher growth rate is the presence of a large-scale and dominant textile industry in China. The country is the world’s leading producer and exporter of textile fabric. As per official research, around 24 billion units of clothing items were produced in China in 2021. The region caters to the fabric needs of several brands including low-cost companies and luxury brands. For instance, premium fashion house Louis Vuitton is known to manufacture all its goods in China. The country has established itself as a leading manufacturing economy leveraging the presence of inexpensive labor.

Additionally, in recent times, China has also witnessed a rise in the number of domestic players competing with international brands. The growing number of textile fabric buyers in the form of clothing and home decor items are crucial regional drivers. In December 2023, India announced that it will make an investment of INR 70,000 in the next five years to build seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks thus aiming to position itself as the ultimate textile sourcing and investment economy.

Textile Fabrics Market: Competitive Analysis

The global textile fabrics market is led by players like:

  • Toray Industries Inc.
  • Indorama Ventures Public Company Limited
  • Welspun India Ltd.
  • Huntsman Corporation
  • Luthai Textile Co. Ltd.
  • Invista
  • Bombay Dyeing & Manufacturing Company Limited
  • Eastman Chemical Company
  • Teijin Limited
  • Asahi Kasei Corporation
  • Lenzing AG
  • Hyosung Corporation
  • DuPont
  • Sutlej Textiles and Industries Ltd.
  • BASF SE.

The global textile fabrics market is segmented as follows:

By Application

  • Clothing Textiles
  • Home Textiles
  • Industrial Textiles
  • Technical Textiles
  • Specialty Fabrics
  • Others

By Fabric Type

  • Polycottons
  • Cotton
  • Polyester
  • Leather
  • Denim
  • Wool
  • Nylon
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Textile fabrics are also referred to as fabrics. They are clothing materials that may be either non-woven or woven.

The global textile fabrics market is expected to grow owing to the increasing demand for clothing and apparel across the globe.

According to study, the global textile fabrics market size was worth around USD 507.63 billion in 2023 and is predicted to grow to around USD 882.71 billion by 2032.

The CAGR value of textile fabrics market is expected to be around 6.34% during 2024-2032.

The global textile fabrics market will be dominated by Asia-Pacific during the forecast period.

The global textile fabrics market is led by players like Toray Industries, Inc., Indorama Ventures Public Company Limited, Welspun India Ltd., Huntsman Corporation, Luthai Textile Co. Ltd., Invista, Bombay Dyeing & Manufacturing Company Limited, Eastman Chemical Company, Teijin Limited, Asahi Kasei Corporation, Lenzing AG, Hyosung Corporation, DuPont, Sutlej Textiles and Industries Ltd., and BASF SE.

The report explores crucial aspects of the textile fabrics market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.

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