The Global Fabrics Manufacturing Market Is Valued At USD 437 Billion By 2021
Posted by praneeth on July 18th, 2018
The fabrics manufacturing market comprises all establishments engaged in producing fabrics, mostly through processes such as weaving and knitting. Fabric Mills include broadly woven fabric mills, narrow fabric mills, non-woven fabric mills and knit fabric mills. They are engaged in weaving fabrics, felts and narrow fabrics and they also further finish and fabricate fabric products. These products are sold to customers through a distribution channel comprising of wholesalers, distributors, and retailers.
The global fabric manufacturing sector is valued at USD 360 billion in 2017 due to automation which has enabled textile manufacturing companies to enhance productivity and reduce production costs. Asia Pacific was the largest region in the fabrics manufacturing market in 2017, accounting for three-fifths of market share
The fabric manufacturing market in The Business Research Company’s report is divided into five segments. Manmade fiber fabrics segment was the largest segment in the fabrics manufacturing market with a thirty percent of the market share. Special fabrics segment, knitted fabric segment, and cotton fabric segment had three-fifths of the market share followed by Non-Cotton Fabrics with nearly ten percent of market share.
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China was the largest market in the fabric manufacturing market in 2017, accounting for nearly two-fifths of the global market share. This is due to high presence of fabrics and apparel manufacturing companies. China was followed by India and the USA.
The top four competitors in the market are Toray Industries Inc., Luthai Textile Co., Vardhaman Group and Bombay Rayon Fashions Ltd. Toray Industries Inc. is an integrated chemical industry. The company engages in processing, manufacturing, and sale of various composite materials, resins, plastics, ceramics, films, medical products and electronics, and specializes in industrial products and technologies in fabric chemistry.
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Joined: June 6th, 2018
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