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Textile industry Market update July 2017!

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Textile industry in all over the world is moving for rapid changes with technological advancements. Sustainably, Eco friendly, Green industry are the key issues in textile world. TO maintain all the compliance, safely, environmental issues the processes are rapidly changing and market is jumping. Clothing is one of the basic needs for living as a result it is rated of the most top priority industry all over the world. Here we are providing some market updates and predictions of the different segments of textile industry.

Ataullah Al Farhan

Textile auxiliaries market to grow in upcoming years!

textile-auxiliries-marketTextile auxiliaries are essential part of textile processing. Recent years textile auxiliaries market is expanding due demand of value added products and divarication of textile clothing.  Textile Auxiliaries market expects to clock in good growth by 2024. The global textile auxiliaries market can be segmented based on type, application, process type, and geography. Based on application, the textile auxiliaries market can be segregated into apparels, automotive textiles, geotextiles, home furnishing, industrial textiles, smart textiles for military and defense. Due to technological advancement and continuous research & development the demand of good quality textile auxiliaries will be increased in upcoming years.

Textile Chemicals Market Estimated to Expand at a CAGR of 3.2% during 2016 to 2023

textile-chemicalsAccording to MRFR analysis, the Global Textile Chemicals Market size was estimated at USD 9.80 Million in 2016, the market will expand at CAGR of over 3.2% through 2022. Global apparel industry is expected to drive the market over the forecasted period. Increasing demand for technical textile across numerous end-use applications is also expected to be beneficial for the overall market growth.

Good qualities are used into technical textile products as compared to their conventional counterparts. Demand for technical apparel is increasing in the U.S. amongst end-use industries such as home furnishings, apparel, industrial textiles, technical textiles the demand for specialty chemicals required for is production has also enlarged.

A sharp growth in textile colourant market is forecasted!

colorant-marketTextile market is growing very fast in whole world. As a result all segments related to textile are growing as well. Textile colourant market is projected to increase to 6,248 thousand tonnes in 2017. Demand for textile colourants is anticipated to remain steady on account of growing applications in apparel and automotive industries. Owing to low labour costs and infrastructure developmentthe demand is anticipated to remain higher in developing countries among which Asia Pacific accounted 53 per cent revenue share of the global textiles market in 2014. China colourants market is anticipated to grow at 5.2 per cent in terms of value during the forecast period. Excluding Japan Asia Pacific remains the largest market for textile colourants globally it is expected to grow to 925.5 thousand tonnes in 2017.

The global nonwovens market will grow to be worth $50.8 billion in 2020

nonwovenThe global nonwovens market will grow to be worth $50.8 billion in 2020, up from a value of $37.4 billion in 2015, according to the latest exclusive research from Smithers Pira. Data shows that global consumption in 2015 was 9.0 million tonnes and this will increase at annual rate of 6.2 per cent and 7.2 per cent respectively over the next few years with consumption scheduled to reach 12.1 million tonnes in 2020.

Until the last decade, the nonwoven industry was primarily based in Europe, North America, and Japan. Now, nonwovens are produced on thousands of lines around the world. The nonwoven industry is now truly global and Asia is now the dominant nonwoven producing region, accounting for 42 percent of the world’s production in 2014. China accounts for a significant proportion (66 per cent) of the Asia volume and is now the most important nonwovens producer worldwide with production volume in 2014 estimated at 2.4 million tonnes and increasing gradually.

Silk market is to touch $16.94 B by 2021

silk-fabricSilk fabric is widely regarded as the most luxurious textile on the planet. Its tumultuous history, rife with wars, secrecy, and centuries of trade, bears little resemblance to the fabric’s current reputation for being the epitome of high fashion. A recent report from markets says that the global silk market is projected to reach $16.94 billion by 2021, growing a CAGR of 7.8 per cent from 2016 to 2021. Growth can be attributed to technological advancements in sericulture, which directly increases the yield of silk, thereby affecting the silk market. Moreover, silk is a low capital investment industry, in terms of technology and labor, which is driving the silk market globally.

The Asia-Pacific region is the largest market for silk. This can be attributed to the presence of a large number of textile manufacturers, rise in export of textile goods, and growing demand from the domestic market. China dominates the silk market in the Asia-Pacific region followed by India due to easy availability of raw silk in the two countries. China is the largest producer of silk yarn and textile products.

Demand of fashionable swimwear and beachwear is increasing

swimwear-beatchwearThere is a very wide range of styles of modern swimsuits available, which vary as to body coverage and materials. The choice of style may depend on community standards of modesty, as well as current fashions, and personal preferences. Swimwear is also an outfit designed for the people engaged in a water-based activity or water sports such as swimming, surfing, water skiing, or other activities such as sunbathing. In a similar way, beachwear is the apparels used for wearing at a beach, particularly metropolitan beach. It is a subtype of swimwear-based outfits.

Europe and the United States are anticipated to be the largest players in the global swimwear and beachwear market. In addition, Asian countries such as China are expected to experience rapid growth in the near future. However, few factors such as social, religious, and cultural protocols in some parts around the globe may hinder the overall market growth of swimwear and beachwear market in future.

Global Hosiery Market is to grow 4% by 2016-2020

textile-hosairy-marketTechnavio’s market research analyst predicts the global hosiery market to grow at a CAGR of around 4% during the forecast period. Consumers look for the quality, durability, fit, style, and glamor while purchasing hosiery products. The increasing concern about personal grooming and appearance is one of the major drivers of the market. Not only is the market for women hosiery rising, but the demand for such goods is also rising from the men’s segment because these days, even men follow the new trends in fashion and apparels.

In terms of revenue, the socks segment dominated the global hosiery market in 2015 with a share of more than 69% in 2015. The growth of the socks segment is mainly driven by the increasing demand for socks from the following two consumer segments, 0-14 years age group and 15-64 years age group consumers. Also, the increased demand for socks emerging from developing regions such as APAC and Latin America has also triggered the growth of this segment.

Italian textile machinery manufacturers are getting good response!

italian-textile-machineryItaly is the world’s second largest producer of machinery for the textiles industry. Italian textile machineries are getting popular day by day. This year has started off on a positive note for Italian textile machinery manufacturers. For the first quarter, orders have increased both in Italy and abroad. Orders for the start of 2017 confirm a positive trend in major foreign markets.

The orders index for textile machinery for the period from January to March grew by 24 per cent, compared to the same period in 2016. This growth was mostly from markets abroad. In Italy, the increase compared to the period from January to March 2016 was 16 per cent. The index data for the first three months of the year confirm the positive signs seen by businesses in various foreign markets. A renewed climate of enhanced trust is currently perceived in the textile sector, triggered by the government’s commitment to enact a range of significant incentives for the country’s manufacturing system.

High end Industrial sewing machine is becoming popular in Asia

sewing-machineHigh end industrial sewing machines are becoming a preferred choice for garment manufacturers as they save time and energy, and reduce complexity of the manufacturing process due to their enhanced features. Also, producing voluminous, high quality products with standardized precision in less time has been made possible through the application of these smart industrial sewing machines. For instance, specific models of industrial sewing machines display a maximum speed of 8,500 revolutions per minute.

Recently it has been observed a steady rise in demand for industrial sewing machines from the Asia Pacific region over the past as manufacturing of products using industrial sewing machines has witnessed a shift from the developing countries in North America and Europe to the developing countries of the Asia Pacific region.

Over 50% of Global Technical Textile Revenues by 2027

technical-textileFuture Market Insights’ recent report on global technical textiles market projects that Asia-Pacific will be observed as the world’s largest market for technical textiles during the forecast period, 2017-2027. The report values the global technical textiles market at little less than US$ 166 Bn, and anticipates it to reach US$ 260.3 Bn by the end of 2027. While the global market for technical textiles is projected to grow at below average pace and register a value CAGR of 4.6%, the demand for technical textiles is likely to gain traction across Asia-Pacific countries such as India and China, among others.

According to the report, more than 50% of global technical textiles revenues will be accounted by the Asia-Pacific region. While the Asia-Pacific technical textiles market will registers rampant expansion at value CAGR of 6.8%, regions such as North America, Western Europe, Eastern Europe, and Middle East & Africa will showcase sluggish growth through 2027. Sales of technical textiles in Latin America, on the other hand, are likely to depict a relatively favourable growth at 4.5% CAGR.

 

 

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