Market revenue in 2021 | USD 317,447.0 million |
Market revenue in 2030 | USD 520,307.7 million |
Growth rate | 5.6% (CAGR from 2021 to 2030) |
Largest segment | Fashion |
Fastest growing segment | Fashion |
Historical data covered | 2017 - 2020 |
Base year for estimation | 2021 |
Forecast period covered | 2022 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Household, Technical, Fashion |
Key market players worldwide | INVISTA, BSL-BIOSERVICE Scientific Laboratories GmbH, Lu Thai Textile, Paramount Global Class A, Companhia De Saneamento Basico Do Estado De Sao Paulo ADR, DBL Group, Lumière e i suoi fratelli, Li & Fung, Solvay SA |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to textile market will help companies and investors design strategic landscapes.
Fashion was the largest segment with a revenue share of 74.81% in 2021. Horizon Databook has segmented the Europe textile market based on household, technical, fashion covering the revenue growth of each sub-segment from 2017 to 2030.
Europe is the second-largest market for the textile industry. The textile industry plays an important role in the European manufacturing industry. Demand for raw materials, such as silk fabrics, for household and fashion & clothing applications is likely to provide substantial scope for the growth of the European textile market in the coming years.
This trend is projected to reflect in countries such as Russia, Germany, France, and Italy, among other European countries in the region. Europe accounted for the second-largest demand of the global textile market in 2021. The market is likely to witness stable growth during the forecasted years.
Strict regulations on product quality and distribution of fabrics by Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the European Chemicals Agency (ECHA) are expected to stabilize the growth rate in the region by 2030. As a result, this region is likely to account for a decreased market share by the end of 2030.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe textile market, including forecasts for subscribers. This continent databook contains high-level insights into Europe textile market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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