Technological advancements in Clothing Fibers is a significant factor influencing growth of the global market.
Market Size – USD 190.68 Billion in 2019, Market
Growth – at a CAGR of 3.3%, Market Trends –Increasing demand for more efficient
and advanced sportswear
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.
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.
The
COVID-19 impact
Clothing Fibers market witnessed a setback amid the COVID-19
pandemic. The major impact experienced by physical stores was due to customers
being afraid to enter retail spaces. Also, the imposition of lockdown
restrictions, disruption of the supply chain, and unavailability of workforce.
As the situation improves gradually however, demand and supply gaps are
expected to be bridged, and regular operations are expected to be resumed.
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Key market participants 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.
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.
To
identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/clothing-fibers-market
For the purpose of this report, Reports and Data has
segmented the global Clothing Fibers market on the basis of product type,
end-use, and region:
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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Regional Outlook (Revenue, USD Billion;
2017-2027)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
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