Textiles Manufacturing Global Market Is Valued At USD 871 Billion In 2017

Posted by sainath on July 19th, 2018

The textiles manufacturing market comprise of establishments that manufacture fiber, yarn, threads, carpets, rugs, linens and other textile products. This industry also comprise establishments engaged in processing fiber, yarn and fabric to produce finished products.

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The global textiles manufacturing market is valued at USD 871 billion in 2017 due to the rapid growth of many fabrics, apparel manufacturing and home furnishings facilities.

In the report, the global textiles manufacturing market is divided into three segments namely, fabrics manufacturing; yarn, fiber and thread manufacturing; and home furnishings and floor coverings manufacturing. While the first and the second segments account for more than three fourth of the market share, the last segment accounts for the remaining share.

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China was the largest country in the textile manufacturing market in 2017, accounting for nearly two-fifth of the market share. This is due to the presence of fabrics and apparel manufacturing facilities in China, which consume textiles as raw materials. India and the USA followed China as the next largest countries in the market.

The textiles manufacturing market is fragmented into a number of large and small organizations. The top five competitors in the market made up 2% of the total market in 2017. Toray Industries Inc. was the largest competitor of the market, followed by Mohawk Industries and Indorama Corporation Pte. Ltd. Toray is an integrated chemical industry that engages in processing, manufacturing and sale of various composite materials, resins, plastics, ceramics, films, medical products and electronics. It specializes in industrial products and technologies in polymer chemistry, organic synthetic chemistry and bio chemistry. The company was founded in 1926 in Japan and has around 45,800 employees.

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