Textile Fibers

Global Textile Fibers Market to Reach US$66.5 Billion by 2030

The global market for Textile Fibers estimated at US$48.7 Billion in the year 2024, is expected to reach US$66.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030.

The U.S. Market is Estimated at US$12.7 Billion While China is Forecast to Grow at 7.8% CAGR

The Textile Fibers market in the U.S. is estimated at US$12.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Textile Fibers Market - Key Trends and Drivers Summarized

Textile fibers are natural or synthetic structures that can be spun into yarn and woven, knitted, or bonded into fabric. These fibers are fundamental components of the fabrics used in countless applications worldwide. With the ever-evolving landscape of technology and consumer demands, the textile industry is experiencing significant changes. One of the primary growth drivers in the textile fibers market is the rapid advancement in technology and the development of advanced materials. Innovations such as nanotechnology, biotechnology, and smart textiles are transforming the industry. Nanotechnology is enabling the creation of fibers with enhanced properties such as increased strength, durability, and resistance to water and stains. Biotechnology is contributing to the production of eco-friendly fibers such as bio-based polyester and spider silk, which offer superior performance while reducing environmental impact. Additionally, smart textiles embedded with electronic components can monitor health metrics, adjust temperature, or change color, driving demand in sectors such as healthcare, sportswear, and fashion.

The increasing consumer and regulatory focus on sustainability is another significant growth driver for the textile fibers market. There is a growing demand for fibers that have a lower environmental impact throughout their lifecycle, from production to disposal. This trend has led to the rise of sustainable fibers such as organic cotton, hemp, bamboo, and recycled polyester. Companies are investing in technologies that reduce water and energy consumption during the production process. Biopolymers are an exciting frontier in the textile fiber industry. The concept of a circular economy is gaining traction, with efforts to recycle and repurpose textile waste into new fibers. These sustainable practices not only meet consumer preferences but also help manufacturers comply with stringent environmental regulations, promoting a greener and more responsible textile industry. The integration of electrical functionality into textile fibers is a burgeoning field with vast potential. Electrically functional apparel and substrates could revolutionize various industries by incorporating capabilities such as motion activation, photovoltaic energy generation, and flexible display screens.

The burgeoning middle class in emerging markets such as China, India, and Southeast Asia is driving significant demand for textile fibers. Increasing disposable incomes and urbanization are leading to higher consumption of textiles for apparel, home furnishings, and industrial applications. The expansion of the e-commerce sector is also making textiles more accessible to a broader audience, further boosting demand. Governments in these regions are supporting the textile industry through favorable policies and investments in infrastructure. This growth in emerging markets is not only driving the production and consumption of traditional fibers like cotton and polyester but also creating opportunities for innovative and high-performance fibers, enhancing the global textile market`s overall diversity and resilience.

SCOPE OF STUDY:

The report analyzes the Textile Fibers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (Textile Fibers)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 282 Featured) -

• Aditya Birla Group
• Aksa Akrilik Kimya Sanayii A.S.
• Asahi Kasei Corporation
• Barnhardt Manufacturing Company
• Celanese Corporation
• Crescent Textile Mills Ltd.
• Daicel Corporation
• DAK Americas LLC
• Dow Inc.
• Eastman Chemical Company
• ES FiberVisions Inc.
• Far Eastern New Century Corporation
• Formosa Plastics Group
• Freudenberg Performance Materials
• Grasim Industries Limited
• Honeywell International, Inc.
• Hyosung Corp.
• Indorama Ventures Public Company Limited
• INVISTA
• Jaya Shree Textiles
• Kuraray Co. Ltd.
• Marzotto SpA
• Mitsubishi Chemical Corporation
• Montefibre SpA
• Nan Ya Plastics Corporation
• NatureWorks LLC
• Recron Malaysia Sdn Bhd
• Reliance Industries Ltd.
• SASA Polyester Sanayi A.S.
• Sinopec Yizheng Chemical Fiber Co. Ltd.
• Sinterama SpA
• Solvay S.A.
• Tangshan Sanyou Xingda Chemical Fiber Co. Ltd.
• Thai Polyester Company Limited
• Thai Rayon Public Co. Ltd.
• The Lenzing Group
• Toray Industries Inc.
• Unifi Inc.
• Weiqiao Textile Co. Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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