Textile Fibers Market Size (2023 - 2030)

Global Textile Fibers Market is estimated to be worth USD 42.92 Billion in 2022 and is projected to reach a value of USD 62.45 Billion by 2030, growing at a CAGR of 4.8% during the forecast period 2023-2030.

Textile fibers are a varied selection of materials capable of enduring pulling, rubbing, and bending pressures but are Ill-equipped for compression. They can be nature-derived (natural) or synthesized (man-made). Through the implementation of non-woven processes, these fibers may be directly utilized to weave fabric or spun into yarn by twining them together. Interestingly, when two fibers are intertwined, they become stronger without compromising their resilience. To be categorized as a textile fiber, any material, whether natural or man-made, must meet clear-cut prerequisites. These standards encompass having a high length-to-width ratio, flexibility, the ability to absorb colors, and good strength and elasticity. Textile fibers are comprised of polymer molecules with repetitive elements, their size is dictated by the monomer structure. Natural fibers like cotton, flax, silk, and wool are formed naturally via polymerization, with long chains comprising multiple repeating units. These natural polymers' structural characteristics are influenced by cultivation and environmental conditions as they grow. Contrarily, synthetic fibers are synthesized by polymerizing one or more monomers together. Thousands of monomers are combined utilizing different processes like poly-addition or poly-condensation, determining the structure of the synthetic polymers based on their manufacturing methods and monomer characteristics.

Global Textile Fibers Market Drivers:

The growing fashion industry and the influence of e-commerce are fueling the growth of the Global Textile Fibers Market.

The fashion domain has grown considerably given the rising disposable income and the impact of Western culture in emerging economies. Furthermore, the mounting internet penetration rate and wide-scale utilization of e-commerce have elevated the global presence of textile businesses, yielding multiple perks to both companies and patrons. Online shopping presents competitive pricing and a broad selection of options, thereby drawing new customers and fostering the envisaged growth of the Global Textile Fibers Market in the foreseeable future. Therefore, this factor propels the demand for textile fibers.

The surging demand from the healthcare industry is another factor contributing to the growth of the Global Textile Fibers Market.

The augmenting demand from the healthcare domain regarding bandages, medical housing, feminine hygiene products, diapers, etc., is one of the key factors propelling the market's growth. Additionally, the medical sector's rising consumption of acrylate coating and polyester yarn-based fabrics is further spurring the expansion of the market. The rise in aesthetic surgeries alongside the incidence of chronic afflictions like diabetes and cardiovascular diseases is estimated to bolster the market's growth. Furthermore, the escalating medical expenditure in the U.S.A., signifying rising health apprehensions and higher healthcare financial outlays, is driving the growth of the Global Textiles Fibers Market.

Global Textile Fibers Market Challenges:

The Global Textile Fibers Market is encountering obstructions, primarily concerning fluctuating prices and rigorous regulations. The inconstancy of raw material prices has a contagion effect on the cost of textile fibers. This deleteriously impacts the market's growth. Moreover, stern environmental regulations about the production of synthetic fibers are posing difficulties for the overall market's expansion. Thus, these hindrances curtail the progress of the Global Textile Fibers Market.

Global Textile Fibers Market Opportunities:

The Global Textile Fibers Market is projected to offer profitable prospects for businesses operating in the textile domain, fostering partnerships, mergers, collaborations, and agreements during the forecasted period. Furthermore, advancements in technology and the incorporation of electronic components into textiles open up exciting possibilities for smart textiles and wearable devices in the military and protection, fashion, and healthcare industries.

COVID-19 Impact on the Global Textile Fibers Market:

The Global Textile Fibers Market has been considerably influenced by the COVID-19 outbreak. As a result of rigorous lockdowns, travel restrictions, and social distancing measures, the demand for textile fibers waned. Disruptions in the supply chains highly affected the expedited production and distribution of textile fibers. Moreover, the pandemic led to market volatility, modifying fiber rates, and overall market conditions, given the effect of demand and supply patterns on the pricing of varying textile fibers. These factors negatively impacted the market's growth. Despite these challenges, the market is projected to rebound alongside the global recovery from the pandemic.

Global Textile Fibers Market Recent Developments:

• In June 2023, Birla Cellulose, a division of Grasim Industries Ltd. and a part of the Aditya Birla Group, introduced its newest breakthrough, Birla SaFR, a sustainable cellulosic fiber, at ITMA 2023 in Milan, Italy. 

• In March 2023, JACK & JONES, a men's clothing brand under the BESTSELLER Group's portfolio, became the first brand to introduce a pair of jeans crafted with the cutting-edge Infinna™ fiber from Infinited Fiber Company.

• In February 2022, The LYCRA Company, a renowned global innovator in fiber and technology solutions for the textile and apparel sector, unveiled their latest breakthrough THERMOLITE® EcoMade fiber, designed for insulation applications. 

TEXTILE FIBERS MARKET REPORT COVERAGE:

Global Textile Fibers Market Segmentation: By Type

• Natural Fiber

  • Plants

    • Cotton

    • Jute

    • Linen

    • Others

  • Animals

    • Silk

    • Wool

  • Mineral

    • Asbestos

    • Glass Fiber

    • Ceramic

    • Others

• Synthetic Fiber

  • Cellulosic Fiber

    • Rayon

    • Acetate

  • Non-Cellulosic Fiber

    • Acrylic

    • Nylon

    • Polyester

    • Aramid

    • Others

Based on the Type, the Synthetic Fiber segment occupied the highest market share in the year 2022. The growth can be ascribed to the extensive utilization of synthetic fibers, encompassing nylon, lyocell, acrylic, aramid, polyester, acetate, and rayon, across diverse applications. When contrasted with natural fibers, synthetic fibers are renowned for their higher durability. In addition to offering consumers advantages like stretchability, waterproofing, and stain resistance, synthetic fibers can endure enormous weights without collapsing. Synthetic fibers, owing to their favorable properties, are preferred in a broad range of applications like clothes, home furnishings, automotive, construction, toys, etc.

Global Textile Fibers Market Segmentation: By Application

• Apparel

• Bedding & Blankets

• Concrete Reinforcement

• Feminine & Baby Care Products

• Industrial Applications

• Surgical Gloves

• Tire Cords

• Others

Based on the Application, the Industrial Applications segment occupied the highest market share in the year 2022. The growth can be ascribed to the textile fibers' extensive utilization in industrial applications, encompassing transmission belts, conveyor belts, protective apparel, industrial carpet, and flame-resistant clothing. The rising awareness regarding the significance of averting industrial accidents and fatalities in the workplace is estimated to elevate textile fibers' demand. Furthermore, stern labor laws and the presence of regulatory bodies like the Occupational Safety and Health Administration (OSHA) are anticipated to propel textile fibers' demand utilized in protective clothing.

Global Textile Fibers Market Segmentation: By End-Use Industry

• Aerospace & Defense

• Automotive

• Building & Construction

• Energy & Power

• Healthcare

• Textile

• Others

Based on the End-Use Industry, the Building & Construction segment occupied the highest market share in the year 2022. The growth can be ascribed to the textile fibers' extensive utilization across various interior applications, encompassing bedding, carpets, and curtains. To strengthen concrete, fibers like glass fiber, kevlar, nylon, and jute are frequently employed. These fibers reinforce the concrete's durability and pliability as well as shield it from Ultraviolet (UV) and Electromagnetic (EM) radiation. With the rise in construction activities worldwide, the market for textile fibers in the building and construction sector is witnessing further growth.

Global Textile Fibers Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Based on the Region, Asia-Pacific occupied the highest market share in the year 2022 and will continue to expand at the quickest rate over the forecasted period 2023-2030 owing to population growth, rapid industrialization, and urbanization. The augmenting demand for apparel and the expansion of textile industries across nations, encompassing China, India, and Japan, are further propelling the region's growth. Additionally, Asia-Pacific houses several prominent market players like Toray Industries, Inc., Fulida Group Holding Co., Ltd., Reliance Industries Ltd., Teijin Ltd., and Grasim Industries Ltd.

Global Textile Fibers Market Key Players:

1. Lenzing AG (Austria)

2. Toray Industries, Inc. (Japan)

3. Alpek S.A.B. de C.V. (Mexico)

4. Industria de Diseño Textil, S.A. (Spain)

5. Schott Textiles, Inc. (United States)

6. Fulida Group Holding Co., Ltd. (China)

7. Reliance Industries Ltd. (India)

8. Teijin Ltd. (Japan)

9. Grasim Industries Ltd. (India)

10. Kelheim Fibres GmbH (Germany)