The Global Other Textile Product Mills Market Was Valued At USD 67 Billion

Posted by praneeth on September 3rd, 2018

Other textile product mills market includes textile bags and canvas mills, rope, cordage, twine, tire cord, tire fabric mills and other miscellaneous textile.

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The global other textile product mills market was valued at USD 67 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than three-fifth of the global market. The market saw a growth as the industry is shifting from traditional tire cord materials like polyester and nylon to bio-based and other environmentally sustainable materials. The emergence of bio-based and other environmentally sustainable materials will also create opportunities for growth in the countries which have stringent environmental protection regulations like Europe.

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China was the largest country accounting for more than two-fifth of the global other textile product mills market. This is partially due to high presence of fabrics and apparel manufacturing facilities in China, which consume textiles as raw materials. China was followed by the USA and India as the next largest countries in the market.

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praneeth
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