The global Clothing Fibers market is forecast to reach a market size of USD 248.18 Billion by 2027, and register a steady revenue growth rate over the next seven years, according to the latest report by Reports and Data. Growing demand for Clothing Fibers can be attributed to technological advancements in Clothing Fibers. As an instance, CREOL, the College of Optics & Photonics- the University of Central Florida, has developed a user-operated color-changing clothing fabric with the ability to change its color via a smartphone. The fibers in the fabric possess a thin metal micro-wire, which is used to conduct electricity that stimulates temperature-sensitive pigments in fibers to change color in response to generated heat. Through a smartphone, wearers can regulate both the color of the fabric and the pattern that would appear in the fabric.
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Increasing demand for sportswear is a significant factor driving the Clothing Fibers market growth. Clothing Fibers in sportswear are essential to the desired texture, functionality, finish, and comfort of the sportswear. Each kind of sport requires specific functionality, such as stretching, heat retention, heat resistance, water-proofing, vapor permeability, and low fluid resistance, which are delivered by different sportswear Clothing Fibers, including nylon, polyester, spandex, neoprene, fleece, and bamboo. The rising professional sports’ competition and growing inclination for active sports drive the Clothing Fibers market for sportswear.
Further key findings from the report suggest
- By product type, cotton segment revenue contributed to the second-largest market size of global Clothing Fibers in 2019. Cotton provides the benefits of easy washing and is one of the preferable Clothing Fibers during summer. Also, as cotton is a natural fiber, is does not have any negative impact on the environment.
- By end-use, women’s wear segment contributed to the largest market size of global Clothing Fibers market in 2019. A rise in the level of disposable income, especially in the developing countries of the Asia Pacific, is driving demand for Clothing Fibers for women’s wear. Also, an increase in the number of working women globally and the growth of the fashion industry are causative of the growing demand for women’s wear.
- The Clothing Fibers market growth in North America is owing to growing influence of social media, celebrity endorsements, and fashion magazines on people, especially the youth. Also, the high purchasing power parity of people, especially, in the US and Canada, are driving the demand for luxury apparel, thus fueling the market growth.
Top players profiled in the report include:
Toray Industries Inc., Asahi Kasei Corporation, Eastman Chemical Company, BASF SE, Bombay Dyeing and Manufacturing Co. Ltd., Teijin Ltd., DuPont, Propex Operating Company LLC, Mitsubishi Chemical Holdings Company, and Reliance Industries Ltd.
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Cotton
- Synthetic
- Animal-based
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Women’s Wear
- Men’s Wear
- Kid’s Wear
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Geographic Segment Covered in the Report:
The Clothing Fibers report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
Summary of the Clothing Fibers Market Research Report:
- Insightful information regarding the global Clothing Fibers market
- Strategic recommendations for the investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
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