By 2017 the global textile materials market is forecast to reach 101 million tons, while the spun yarn market is set to reach 51 million tons across the same time frame. Market growth is set to be driven by rising consumer confidence, an increasing demand for textiles, the globalisation of the textile trade, and the surge in demand from key end-use markets.
Presently, natural fibres, including cotton, wool, silk and other natural fibres, account for a share of close to 37% of the overall fibre supply, compared with a share of approximately 41% in 2000, and around 60% in 1990.
Within natural fibres, cotton emerged as the key market growth driver, supported by approval for the cultivation of genetically modified crops, while wool continued to post declines.
Asia-Pacific represents the largest region within the global textile materials market. Europe trails behind the Asia-Pacific market, with growth looking likely to continue to be led by Asia-Pacific, which is projected to be the fastest growing regional market for textile materials as well as spun yarn through to 2017.
Despite the stiff competition from leading markets in the Asia-Pacific region, such as China, Latin-American countries, such as Brazil, going forward could emerge as one of the leading players in the global textiles materials market.
Segment-wise, Synthetic Fibres represents the largest segment of the textile materials market, while natural yarns dominate the global spun yarn market.
For more information on the textile materials market, see the latest research: Textile Materials Market Report
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