Dublin, Jan. 16, 2024 (GLOBE NEWSWIRE) -- The "Textile Fibers: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Textile Fibers Market to Reach $66.5 Billion by 2030
The global market for Textile Fibers estimated at US$41.7 Billion in the year 2022, is projected to reach a revised size of US$66.5 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. 
The textile industry relies on the basic unit of textile manufacture, which includes textile fibers and yarns. Recent market activity in the textile industry has shown signs of resilience and adaptability, with a promising outlook for the future. Asia-Pacific stands out as the dominant consumer in the global textile market.
Within the textile fibers segment, synthetic fibers are expected to witness healthy expansion due to factors such as the scarcity and volatility of natural fibers production. Cotton fibers, a significant component of the textile industry, continue to play a vital role. Cellulosic fibers, which are plant-based fibers, are also a noteworthy part of the textile industry, with various sources contributing to their production. These fibers have gained importance due to their sustainability and eco-friendly characteristics.
In terms of competition, the global textile fibers market in 2022 is characterized by key competitors vying for market share, with varying levels of presence ranging from strong and active players to those occupying niche or trivial positions in the market. The textile industry's ability to adapt to changing consumer preferences and sustainability concerns will likely shape its future prospects positively.
The U.S. Market is Estimated at $11.4 Billion, While China is Forecast to Grow at 9.7% CAGR
The Textile Fibers market in the U.S. is estimated at US$11.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 313 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $38.8 Billion |
| Forecasted Market Value (USD) by 2027 | $55.5 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Textile Fibers and Yarns - Basic Unit in Textile Manufacture
- Recent Market Activity
- Textile Fibers and Textiles Industry
- Future Prospects Remain Optimistic
- Asia-Pacific: The Dominant Consumer
- Synthetic Fibers Market to Post Healthy Expansion
- Scarcity and Volatility of Natural Fibers Production Drive Demand for Synthetic Fibers
- Cotton Fibers Market - An Overview
- Cellulosic Fibers (Plant-Based Fibers) and Their Sources
- Textile Fibers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Growing Demand for Synthetic Fibers Challenges Widespread Adoption of Cellulosic Man-Made Fibers
- Rising Preference for Polyester Drives Down Interest in Man-Made Cellulosic Fibers
- Polyester Fibers Find Improved Demand in Carpet industry
- Cellulose Fibers Market Poised to Exhibit Healthy Growth
- Specialty Fibers Market to Experience Impressive Growth
- Aramid Fibers to Witness Unwavering Demand in End-Use Industries
- Para-Aramid Fibers - The Leading Aramid Fiber Category
- Meta-Aramid Fibers
- High Temperature Fibers
- Technical Fibers
- Electrospun Cellulose Acetate Fibers with Fluorescent Nanoparticles Developed for Anti-Counterfeiting Applications
- Demand for Fibers Mirrors GDP Growth
FOCUS ON SELECT PLAYERS(Total 282 Featured)
- Aditya Birla Group (India)
- Aksa Akrilik Kimya Sanayii A.S. (Turkey)
- Asahi Kasei Corporation (Japan)
- Barnhardt Manufacturing Company (USA)
- Crescent Textile Mills Ltd. (Pakistan)
- DAK Americas LLC (USA)
- Eastman Chemical Company (USA)
- Formosa Plastics Group (Taiwan)
- Nan Ya Plastics Corporation (Taiwan)
- Freudenberg Performance Materials (Germany)
- Honeywell International Inc. (USA)
- Hyosung Corp. (South Korea)
- Indorama Ventures Public Company Limited (Thailand)
- INVISTA (USA)
- Kuraray Co., Ltd. (Japan)
- Marzotto SpA (Italy)
- Mitsubishi Chemical Corporation (Japan)
- Montefibre SpA (Italy)
- Recron Malaysia Sdn Bhd (Malaysia)
- SASA Polyester Sanayi A.S. (Turkey)
- Sinopec Yizheng Chemical Fiber Co. Ltd. (China)
- Solvay S.A. (Belgium)
- Thai Polyester Company Limited (Thailand)
- The Lenzing Group (Austria)
- Toray Industries Inc. (Japan)
- Weiqiao Textile Co. Ltd. (China)
For more information about this report visit https://www.researchandmarkets.com/r/cokx2f
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