The global mercerized cotton market is expected to grow over the forecast period owing to its increasing demand in the textile industry. The mercerized process is used in the clothing sector to enhance properties such as luster, tensile strength, dyeability, fiber moisture, and dimensional stability of cotton, owing to which the demand is expected to rise over the forecast period.
Mercerized cotton Industry can be segmented on the basis of processing technology including yarn mercerization, knit mercerization, and cloth mercerization. Rising consumer brand awareness has led to increasing demand for high-quality, premium clothing material, which is expected to fuel product needs in the textiles sector.
On account of the manufacturing technology employed the product is widely used in the textile sector on account of its numerous application scopes in household and garment fabrics. Thus, demand for the product is expected to remain high over the forecast period. Moreover, the growth of end-use industries is expected to fuel demand over the next seven years.
The mercerization process enhances the luster, feel, smoothness, elongation, reaction with a variety of chemicals, and good stretching ability, thus making it suitable for the clothing industry. This will further increase the demand for the product in various end-use industries over the projected period.
The product is used in the clothing sector as the tensile strength of the cotton is enhanced and it becomes shinier and smoother in appearance; thus, expected to be a driver for the overall mercerized cotton industry. Many large brands use this product due to its luxury finish and varying use in cotton garments. However, the rising production cost is expected to be a key challenge for the market over the forecast period.
North America dominated the mercerized cotton industry on account of its increasing use in various end-use industries, particularly textiles. Europe and the Asia Pacific are the second-largest markets in terms of current consumption. However, development in developing countries including China, India, Japan, Korea, and Taiwan is expected to increase the product demand resulting in significant growth of the Asia Pacific market over the forecast period.
China is expected to be the leading consumer over the forecast period due to growing end-use industries. The Asia Pacific is expected to lead in terms of production and consumption of mercerized cotton over the forecast period and accounts for a major share of the product owing to the growing population and presence of numerous large-scale and small-scale textile industries. The mercerized cotton market is segmented on the basis of its application such as in the clothing industry which is expected to witness a high growth rate over the forecast period.
China is expected to be the fastest-growing segment in terms of demand on account of changing lifestyles, rapid urbanization, and increasing disposable income of consumers in the country. However, other countries such as South Korea, Japan, and India are expected to show considerable growth over the next few years owing to the high demand from various applications in the clothing sector.
Increasing R&D focus in developed economies of North America and Europe for increasing application scope and reducing costs of the product is expected to open new avenues for mercerized cotton market participants. Other countries including Brazil are expected to witness stable demand for the product over the forecast period.
Major companies in the mercerized cotton market include Wuxi Natural Textile Industrial Co., Ltd., Gul-Ahmed Textile Mills Ltd., Savana Textile Co., Ningbo Shengluo Textile Industrial Co., Ltd., Ningbo MH Industry Co., Ltd., Shanghai Charmkey Industry Co., Ltd, Hangzhou Ruitan Textile Co., Ltd., Lee Yaw Textile Co., Ltd., Prakash Enterprises, HSB Textile Sourcing Inc., Dhanalakshmi Steels, Meridian Dyed Yarn Group, Frances Yarn Corporation, Suzhou Hongxiang Textile Printing & Dyeing Factory.