Blended Fibers Market Analysis

Blended Fibers Market Analysis

Cotton/Polyester was valued over USD 7 billion in 2016 due to its extensive usage in manufacturing daily wear fabrics. Polyester blend with cotton in 59/50 ratio produces more absorbent and softer fabric which is extensively used in the textile industry. Polyester, when blended with cotton, contributes more strength towards wrinkle resistance & shape retention as cotton produces comfort along with high porosity and heat conduction. Strong application in producing a wide range of shirts, dresses, and slacks is expected to propel the overall blended fibers market over the forecast period.

Nylon/Wool will witness growth at around 3% up to 2024. In a nylon/wool blend, nylon provides better durability, warmness, and softness, whereas wool significantly contributes to comfort and resilience. Such blend offers more warm, comfortable and yet light garment. Factors such as enhanced porosity, drape, warmth and texture are supporting product penetration.

Home furnishing is estimated to surpass 4 million tons by 2024 owing to the shifting consumer trend towards custom designed furniture and rising demand for wallpapers and blinds. Globalization enables easier and wider accessibility of home decor products and designs for consumers. Furthermore, development in housing & real estate sectors coupled with increasing adoption of environmentally friendly products will propel the blended fibers market trends.
 

Apparel application will witness a CAGR of over 3% up to 2024. These clothing extensively utilize several blended fibers for numerous processes including felting, crocheting, knitting, and weaving. These materials are used in manufacturing a board range of apparels for several industries including fashion, construction, protective, medical and accessories. Moreover, supportive government investment to promote local apparel design using advanced blended fibers is anticipated to benefit product demand over the forecast timeframe.

Asia Pacific blended fibers market is anticipated to register over 9 million tons by 2024, owing to growing demand for attractive and corrosion resistant home furnishing products. Surge in demand for handcrafted products coupled with home décor including wall hangings, bed linen products and rugs & carpets will boost product demand.
 

North America accounted for over 20% of the industry share in 2016. The adoption of nanotechnology has led to the manufacturing of advanced fabrics at a microscopic level, offering lightweight material for the garments. Further, increasing usage of home furnishing products in residential and non-residential sectors will drive the blended fibers market.