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Textile Staples Market to observe maximum growth over 2017-2024.
Posted: Aug 02, 2017
Drivers of Textile Staples Market growth including regional trends, factors driving multiple segments of companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.
Global Textile Staples Market size is expected to witness a significant growth due to growing application in apparel, interior flooring, upholstery, filtration, medical and construction industry. Increasing demand of these materials for special applications that includes construction and automotive has fuelled its consumption.
Growing concern about worker’s safety in various industries owing to rising accidents and deaths will positively impact textile staples market growth. These are used for manufacturing personal protective clothing for industries and their employment has augmented with stringent government regulations and expected to propel textile staples market.
Reasons to Buy This Report:
- Textile Staples Market size & share forecast by product & application 2017-2024
- Growth drivers, pitfalls & industry challenges
- Key Textile Staples Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
The differentiating factor of Textile Staples Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
Rising disposable income has enhanced purchasing power of consumers that in turn has increased demand for apparels. Recent trends including interior flooring in construction and fabric use in crafting furniture are on the rise. Manufacturing of niche technical products have amplified as compared to generic fabric.
Staples are fibres of discrete length and its composition may vary. Major restriction for textile staples market is cyclic pattern in natural and synthetic fibre due to periodic overcapacity and pressure on pricing. The cyclical nature arises from investments made at top of cycle to incur high margins with available funds that shifts the balance of supply and demand as new capacity leads to availability in massive quantities.
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Further, absence of adequate economic growth to generate high demand, or closure of facilities to mitigate its effect, new capacity causes period of global or regional overcapacity leading to downward pressure on margins. This cyclical pattern may hamper textile staples market growth during forecast period.
The product is available in natural and synthetic forms. Natural form includes cotton, wool and cellulose. Synthetic forms include polyester, rayon, nylon, acrylic and polypropylene. Cotton has major share with its application in apparels as these are preferred by most of the consumers. Demand for synthetic textile staples market especially, polyester is increasing due to its high tenacity and durability.
It has great hydrophobic property that leads to its wide usage in coating fabric with water resistant finish. Recent technological advancement has augmented their use for medical purposes such as synthetic artery replacement.
Asia Pacific has significant share in global textile staples market with well-established textile industry. Further, increased manufacturing of technical products with abundant supply of raw materials and skilled labour.
North America led by the U.S. has substantial share with fast paced economic growth and infrastructure development. This region has flourishing construction industry with maximum urban population.
Europe, led by Germany has moderate share in textile staples market owing to well established and flourishing automobile industry hosting giants that includes Audi and Volkswagen.
Middle East and Africa has nascent share and expected to increase with demand of protective clothing due to stringent government regulations for workers. In addition, improved living standard has fuelled the usage of apparels.
Textile staples market is moderately fragmented with the presence of many regional and international players in the industry. some of the key palyers are DuPont, Lenzing, International Fibres Group, Toray Group, Thai Acrylic Fibre, Teijin Frontier, Grasim Industries, Reliance Industries, Indorama Ventures, Chori Company W. Barnet and Synthesia.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.