Fabrics Manufacturing Was The Largest Segment In The Textile Manufacturing Marke
Posted by sainath on September 19th, 2018
The textiles manufacturing market comprises 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.
The global textiles manufacturing market has shown high growth in the past years with a CAGR of about 6.5%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the textiles manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
Fabrics manufacturing was the largest segment in the textiles manufacturing market with a 40% share of the market. This is due to high demand for fabrics from apparel manufacturing facilities especially from developing economies such as China, India and Bangladesh.
Companies included in the report are Toray Industries Inc., Mohawk Industries, Indorama Corporation Pte, Beaulieu International Group and Weiqiao Textile Company.
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