Blended Fibres Market to exceed $57bn by 2024
Published Date: November 10, 2017 Authors: Kunal Ahuja, Amit Rawat
Blended Fibres Market size is estimated to surpass USD 57 billion by 2024; according to a new research report by Global Market Insights, Inc.
Improved fabric appearance & durability and ease in handling along with expansion in textile industry are the major properties propelling blended fibers demand. As per industry experts, the U.S. man-made fiber and filament, apparel and textile shipments were valued at around USD 75 billion in 2016.
Increasing demand for apparels with design and quality along with shifting fashion trends due to changing consumers lifestyle will drive Blended Fibres Market growth. Economic & social development in countries including, India, China and South Korea is expected to propel Blended Fibres Market growth. Improved profitability and low-cost production owing to favorable FDI policies will drive industry growth.
Cotton/polyester generated revenue nearly USD 7 billion in 2016. High strength & elasticity, tear-resistant and less prone to pilling & static are key properties supporting growth in this segment. Further, improved shelf-life, wrinkle free and ease in sewing are the other factors enhancing product scope. Nylon/wool will witness over 3% CAGR by 2024. Benefits including reduced cost, absence of skin irritation and less wear-tear are factors supporting product demand.
Rising income levels, shifting customers focus towards eco-friendly products and environmental awareness is expected to drive product demand. Increasing investment in product innovation and supportive government rules & regulation is projected to provide lucrative opportunities for industry growth.
Browse key industry insights spread across 290 pages with 194 market data tables & 10 figures & charts from the report, “Blended Fibres Market Size By Product (Cotton/Polyester, Cotton/Polyester/Cellulose, Nylon/Wool, Elastane/Nylon/Cotton), By Application (Apparel, Home Furnishing, Technical) Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Russia, Portugal, Turkey, China, India, Japan, Australia, South Korea, Taiwan, Vietnam, Indonesia, Bangladesh, Brazil, Argentina, Mexico, Colombia, Saudi Arabia, UAE, South Africa, Iran), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Home furnishing accounted for over 20% of the overall market share in 2016. Development and expansion in real estate industry, increased globalization and easier & wider availability of home decor products & designs for consumers will propel demand. Furthermore, growing consumer preference towards the adoption & usage of eco-friendly products has also boosted blended fibers demand.
Apparel is projected to dominate the overall application segment. Increasing tech-savvy millennial population, disposable income and brand awareness are major factors driving product demand in this segment. Changing consumer preferences and entry of international brands in developing countries is anticipated to propel industry growth.
North America Blended Fibres Market size accounted for over 20% of the demand in 2016. Increasing penetration of the corporatized retail has paved way for introducing more formal & systematic processes & procedures in procurement, operation and distribution in the region. Improved product offering, efficient supply chain techniques and better customer management are positive factors promoting regional industry growth.
APAC blended fibers is projected to surpass 9 million tons demand by 2024. Expansion of production capacities and availability of cheap labor in India and China are the major factors supporting industry growth. Favorable trade policies & increased penetration of organized retail sector are key drivers attracting foreign players in the region.
Global industry market share is consolidated in nature owing to few players control over a major market share. Major industry players include Reliance Industries, Wellspun Industries, Sutlej Textiles & Industries, Hebei Diamond Cashmere Products, Pennine Textiles and Recycling and James Robinson, National Spinning and Natural Fiber Company.
Blended Fibres Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD from 2013 to 2024, for the following segments:
Blended Fibres Market By Product
Blended Fibres Market By Application
- Home furnishing
The above information has been provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa