The Global Market for Textile Fibers is Projected to Reach 124.6 Million Tons by 2022
Launch of Innovative Fibers & Expanding Applications Drive the Global Textile Materials Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Textile Materials market. The global market for Textile Fibers is projected to reach 124.6 million tons by 2022 , driven by the development and launch of innovative blends of textile fibers and yarns, expanding applications and rising demand in emerging countries. The textile industry is vertically-integrated across the value chain comprising both intermediate as well as finished products encompassing fibers, spun yarn products, broadwoven & knit fabrics, garments and floor coverings. The industry is heterogeneous in nature, and relies on other sectors, particularly clothing and home furnishing for its demand. Expanding population, i mproving lifestyles, rapid urbanization, espec...