Clothing Fiber Market Size By Product (Clothing, Synthetic, Animal Based, and Others), By End Use (Women’s Wear, Men’s Wear and Kid’s Wear) - Forecast By 2027
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 256
- CATEGORY
- Retails & Consumer
Clothing Fibers Market was valued at USD 190.9 billion. This market is forecast to grow at a compound annual rate (CAGR) of 3.7% between 2020 and 2027. The market for functional fabrics used for high-performance sportswear and outdoor wear will continue to grow over the forecast period.
The market growth is expected to be supported by the acceleration of the growth in fashion and clothing industries across major economies such as India, China, Brazil, Mexico, Russia, and some Middle East countries. The market will also benefit from a growing fashion statement among women using clothing fibers in construction applications.
The U.S. market for clothing fibers will grow at a revenue-based CAGR rate of 2.4% between 2020 and 2027. According to Select USA, the U.S. fashion apparel market is expected to experience significant growth during the forecast period. It is estimated to reach USD 400 Billion by 2025.
The growth of the apparel and clothing market has been positively affected by the rise in synthetic fiber clothing due to its ease of cleaning and comfort.
Increasing fashion trends around the world have resulted in high demand for fabrics and fibers made from multiple sources such as natural fibers, synthetic fibers, or cotton fibers. Market growth is expected to be positive due to the increasing use of activewear and sportswear as well as the rising demand for multi-specialty clothing.
Reliance Industries has a value chain operation in India, which includes Crude oil recovery, retail channel distribution of apparel, and polyester production. The company has launched ReLAN, a polyester brand, and plans to collaborate with international and national apparel brands in order to increase its presence in the country's rapidly growing apparel market as well as in international markets.
The substance, which has a high length-to-width ratio and which can be easily processed into the fabrics, is called fiber. This substance can be natural or manufactured. It takes billions of atoms bonding in millions of long molecular chains to form a fiber.
Hence, fiber is a thread of material that can have long and thin strands, and it can be knit or woven into a fabric. So the fiber not only creates a fabric; they impact end product clothing looks, comforts, durability, retention, appearance and care, environmental impact, as well as the cost of the end product.
However, there are two types of fabrics fibers. Synthetic fabric fibers and natural fabric fibers.
Synthetic Fabric Fibers
Synthetic fabric fiber is also called manufactured or man-made fabric fibers. It is made from chemical compounds, i.e., polymers, and it is produced in manufacturing facilities: synthetic Fabric Examples- polyester, nylon, and rayon.
Natural Fabric Fibers
The fiber which comes from a natural source is called Natural Fabric Fibers. Those natural sources are animal, plant, and minerals, and it doesn't require any fiber formation: natural Fabric Examples- cotton, wool, flax, and silk.
Market By Product Type
By product type, the clothing market can be divided into synthetic, cotton, animal-based, and others. In 2019, the largest market share for global Clothing Fibers was held by the synthetic fiber segment.
The second-largest share of the global Clothing Fibers market revenues in 2019 was accounted for by the cotton segment. Cotton has the advantage of being easy to wash, and therefore it is a preferred Clothing Fiber during summer. Because cotton is a natural fiber, it does not have any adverse effects on the environment.
Market By End-User
The Clothing Fibers market is segmented by end-user. It can be classified as women's wear or men's wear and children's wear. The largest share of the global Clothing Fibers Market revenue was earned by women's wear in 2019.
Market by Regional Outlook
In 2019, the largest revenue share of the global Clothing Fibers market was held by the Asia Pacific. This is due to the growing demand for clothing in the region from an expanding consumer base and acceptance of Westernization and its associated fashion trends.
Celebrity endorsements and fashion magazines - especially those aimed at younger consumers - have been instrumental in driving fashion trends and specific materials in countries throughout the region.
Market Economics
Clothing Fiber Market size was at US$ 190.59 billion in 2019, and It Is Predicted That it will reach a valuation of US$ 254.75 billion by the end of 2027 with an annual development rate (CAGR) of 3.7% between 2020 and 2027.
By product type, over the forecast period, the Animal-based segment is expected to increase by 1.5%.
By end-user, over the forecast period, men's wear segment revenue is expected to increase by 2.8%
The revenue of the European Clothing Fibers Market is expected to grow at a CAGR of 2.9% during the forecast period.
The revenue of North America's Clothing Fibers Market is expected to grow at a CAGR of 2.6% during the forecast period.
Segments Covered In The Report
Market By Product
Cotton
Synthetic
Animal Based
Others
Market By End-User
Women's Wear
Men's Wear
Kid's Wear
Market By Geographical Landscape
North America
Europe
Asia Pacific
South America
Middle East and Africa
Major Key Players In The Global Clothing Fibers Market Are:
• Toray Industries Inc.
• Asahi Kasei Corporation
• Propex Operating Company LLC
• Mitsubishi Chemical Holdings Company
• Reliance Industries Ltd
• Eastman Chemical Company
• BASF SE
• Bombay Dyeing and Manufacturing Co. Ltd.
• Teijin Ltd.
• DuPont
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Frequently Asked Questions
What is the market size and growth projections?
The Global clothing fibers market was valued at USD 190.9 billion. This market is forecast to grow at a compound annual rate (CAGR) of 3.7% between 2020 and 2027.
What are the drivers shaping various markets?
The market growth is expected to be supported by the acceleration of the growth in fashion and clothing industries across major economies such as India, China, Brazil, Mexico, Russia, and some Middle East countries. The market will also benefit from a growing fashion statement among women using clothing fibers in construction applications.
Who are the key competitors of market Players?
Some of the major players operating within the market are Toray Industries Inc., Asahi Kasei Corporation, Propex Operating Company LLC, Mitsubishi Chemical Holdings Company, Reliance Industries Ltd, Eastman Chemical Company, BASF SE, Bombay Dyeing and Manufacturing Co. Ltd., Teijin Ltd., DuPont.
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