Textile Fibers Increasing demand for the Textile Fibers selling through online sales channels, coupled with high investments in RD of the Textile Fibers market, are fueling the market growth.
Increase in demand for Textile Fibers in the manufacture of carpets, ropes, intimate wear, sportswear, swimwear, backpacks, and military applications.
The Global Textile Fibers Market is forecast to reach USD 58.91 Billion by 2028, according to a new report by Reports and Data. Textile belongs to the family of aliphatic or semi-aromatic based synthetic polymers, known as polyamides. Some polyamides are commercialized using the name Textiles as the polyamides can be artificially made through the solid-growth synthesis process of Textile yielding material. Textile is a silk-textured, synthetic thermoplastic material which can be changed into the shape of fibers and films. Textile Fibers are synthetic fiber made of Textile, and the chemical composition, structures, and properties are modified during the manufacturing based on particular end-uses. The continuous growth of the apparel industry, ropes, cordage, home textile materials, carpets, rugs, tire cords, narrow woven materials, backpacks, swimwear, and trekking wear, to name a few are expected to drive the demand throughout the forecast period primarily.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at apace due to the extensive use of Textile fibers in intimate wears, sports wears, swimwear and home décor products. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.
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Key participants include DuPont de Nemours, Inc., BASF SE, Li Peng Enterprise Co. Ltd., Koninklijke DSM N.V., Nylstar SA, Evonik Industries AG, Ascend Performance Materials, Reliance Industries Limited, Zig Sheng Industrial Co., Ltd., and Universal Fibers, among others.
Further key findings from the report suggest:
Textile 6 or polycaprolactam is a semi-crystalline polyamides and has six backbone carbons in the repeat unit. Textile 6 is formed by the process called ring-opening polymerization, unlike the other Textiles which are manufactured by polymer condensation. Textile 6 is highly elastic with high tensile strength, resistant to abrasion and chemicals like acids alkalis. Textile generally comes in the white color formation; however, as per the final product requirement, it can be dyed in any other colors. Textile 6 is used in bristles of toothbrushes, musical instruments, knitted garments, hosiery, and automotive applications in gears, bearings, and others.
In June 2020, Universal Fibers, Inc., a major player in the Textile fibers production, updated the acquisition of twisting and heat-setting assets for its production Europe and Asian production facilities situated in Gorzow, Poland and Taicang, China. Both plants in the two different continents are fully integrated with all the procedures right from extrusion to finished yarns in multiple chemistries, including Textile 6 and Textile 6,6, and serve carpet manufactures deal in residential, commercial and automotive end-uses.
North America is forecasted to witness significant growth in the overall market due to its increasing demand for staple Textile fiber, having grown at a CAGR of 4.5% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/Textile-fibers-market
Market Segmentation:
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Textile 6
- Textile 6,6
- Textile 6,10
- Textile 6,12
- Others
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Online Retailing
- Offline Retailing
Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Textile Fiber
- Staple Fiber
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Textile Fabric Industries
- Industrial Fibers
- Consumer Products
- Thermoplastic Products
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Textile Fibers market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Textile Fibers market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Textile Fibers market key players
3.2 Global Textile Fibers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Textile Fibers market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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