The global clothing fiber market is anticipated to expand at a considerable CAGR during the forecast period. Increasing investments in smart clothing by multiple clothing brands is driving the growth of the market.
Fibers are strands of molecules interwoven to form a linear, string-like structure. Fibers can be obtained from various natural sources, semisynthetic methods that utilize naturally occurring polymers, and synthetic methods that use polymer-based materials.
The report on global clothing fiber market includes an assessment of the market, size, share, trends, segments, and regional markets.
Attributes |
Details |
Base Year |
2020 |
Historic Data |
2018 & 2019 |
Forecast Period |
2021–2028 |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Synthetic fiber segment projected to continue to dominate the market
On the basis of product types, the global clothing fibers market can be divided into cotton, synthetic, animal-based, and others. The synthetic segment dominated the market in the recent years and this trend is anticipated to persist during the forecast period, as this fiber having excellent elasticity and do not wrinkle easily. Additionally, synthetic fibers are more cost-effective and possess more durability as opposed to natural fibers. Furthermore, polyester being a heavily used synthetic fiber across the globe drives the growth of the synthetic segment among product types.
Men’s wear segment projected to expand at a significant pace
In terms of end-uses, the global clothing fibers market can be divided into women’s wear, men’s wear and kid’s wear. The men’s wear segment held a large share of the market in the past few years and this trend is projected to continue during the forecast period due to high exposure to e-commerce and rise in trend of being fashion-conscious among millennial men.
Asia Pacific to continue to dominate the market
Based on regions, the global clothing fibers market can be segmented into Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the market, in terms of revenue, and this trend is anticipated to persist during the forecast period due to factors such as rising demand for apparel and clothing commodities from the region’s growing population, growing inclination toward the adoption of western fashion trends, increasing preference for luxury brands, and rising disposable income of the middle-class population in countries such as India and China.
The global clothing fibers market is highly fragmented due to the presence of a large number of players including small and medium enterprises. However, major players continue to have a strong foothold in the market owing to extensive production capacities and global reach. These companies adopt conventional strategies such as expanding production capacities, regional expansion, and collaborations.
Prominent players in the market include Toyobo Co. Ltd., BASF SE, Eastman Chemical Company, Toray Industries, Inc., DuPont, Asahi Kasei Corporation, Lenzing AG, Propex Operating Company, LLC, Reliance Industries Limited, Radici Partecipazioni SpA, The Bombay Dyeing and Manufacturing Co. Ltd., Mitsubishi Chemicals Holdings Corporation, Sinopec Corporation, Teijin Ltd., and Indorama Corporation.
The global clothing fibers market is highly fragmented due to the presence of a large number of players including small and medium enterprises. However, major players continue to have a strong foothold in the market owing to extensive production capacities and global reach. These companies adopt conventional strategies such as expanding production capacities, regional expansion, and collaborations.
Prominent players in the market include Toyobo Co. Ltd., BASF SE, Eastman Chemical Company, Toray Industries, Inc., DuPont, Asahi Kasei Corporation, Lenzing AG, Propex Operating Company, LLC, Reliance Industries Limited, Radici Partecipazioni SpA, The Bombay Dyeing and Manufacturing Co. Ltd., Mitsubishi Chemicals Holdings Corporation, Sinopec Corporation, Teijin Ltd., and Indorama Corporation.
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