Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk), By Product (Natural Fibers, Polyester), By Application, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the textile market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for textile market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of textile market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Textile Market Categorization:

The textile market was categorized into four segments, namely raw-material (Cotton, Chemical, Wool, Silk), product (Natural fibers, Polyesters, Nylon), application (Household, Technical, Fashion & Clothing), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa)

Segment Market Methodology:

The textile market was segmented into raw-material, product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The textile market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S., Canada, Mexico, Germany, the UK, France, Russia, Turkey, Italy, China, India, Japan, Australia, Saudi Arabia, Iran, Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Textile market companies & financials:

The textile market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• BSL Limited: BSL Limited was established in 1971 and is headquartered in Rajasthan, India. The company's product portfolio includes wool, premium light-weighted fabrics, wool modal, wool-blended, trevira wool, and other specialized product fabrics blended with silk, lycra, tencel, and others. It also offers poly-viscose fabrics, worsted fabrics, and a wide array of naturally blended fabrics such as fiber dyed plaids, natural blend emb, fiber dyed plains, and digital print fabrics.

• INVISTA S.R.L.: INVISTA S.R.L. was established in 2003 and is headquartered in Kansas, U.S. The company is engaged in the manufacturing and distribution of fibers, fabrics, polymers, chemical intermediates, and specialty chemicals. The company's sub-segments include Apparel & Advanced Textiles, Intermediates, Performance Solutions, and Performance Technologies. It also offers knowledge expertise in plant process design and project execution in the field of textiles. The company has also offered over 4,400 trademark registrations and filed 1,000 patents.

• Lu Thai Textile Co., Ltd.: Lu Thai Textile Co., Ltd. was established in 1988 and is headquartered in Shandong, China. The Luthai Group offers a complete range of industrial solutions for textiles, including yarn spinning, finishing, dyeing, garment making, and brand marketing. The company manufactures and distributes textile products derived from raw materials including fiber, silk, cotton, chemical fiber, wool, and other materials. It exhibits an average annual production of 220 million meters of yarn-dyed fabrics, 30 million shirt pieces, and over 90 million meters of piece-dyed fabrics.

• Paramount Textile Limited: Paramount Textile Limited was established in 2006 and is headquartered in Dhaka, Bangladesh. The company is involved in the design and manufacturing of yarns and woven fabrics. In 2008, it began its commercial production of yarns and fabrics. The company's product portfolio includes 100% cotton yarn-dyed fabrics, woven fabrics, cotton solid white fabrics, stretch fabrics, and striped & checked shirts. As of 2021, its annual production capacity of yarn dyeing was 110,000 yds. Per day and out of which 91.49% is actually utilized by the company.

• Paulo de Oliveira, S.A.: Paulo de Oliveira, S.A. was established in 1936 and is headquartered in Covilhã, Portugal. The company is engaged in the production and distribution of textile products. It conducts a broader range of textile processes such as production from fabric to fabric, spinning, weaving, dyeing, and finishing. The PAULO DE OLIVEIRA Group comprises three companies in the field of textiles, namely Paulo De Oliveira, Tessimax, and Penteadora.

• Successori REDA S.p.A.: Successori REDA S.p.A. was established in 1865 and is headquartered in Valle Mosso, Italy. Reda has been a prominent group in the design and production of pure wool fabrics for making high-quality suits. It offers a range of luxury products for top fashion brands. The company exports its fabrics and suits all over the world through its wide distribution network. The Successori REDA S.p.A Group comprises divisions, namely REDA 1865, REDA active, REDA flexo, and rewoolution. Each division is involved in the production of classic and tailored fabrics, which are ideal for physical activity and everyday challenges.

• Shandong Jining Ruyi Woolen Textile Co., Ltd.: Shandong Jining Ruyi Woolen Textile Co., Ltd. was established in 1972 and is headquartered in Shandong, China. It is also known as Shandong Ruyi Woolen Garment Group Co., Ltd. The company is engaged in the production and sales of cotton and woolen textiles and garments to domestic and international markets. It designs, manufactures, and distributes worsted fabric products under the brand name of Ruyi. The company exhibits an integrated value chain right from the supply of raw materials to the distribution of textile products.

• China Textile (Shenzhen) Co. Ltd: China Textile (Shenzhen) Co. Ltd was established in 1999 and is headquartered in Shenzhen, China. Initially, it was a trading company and later started specializing in research & development, design, and sales of upper-mid-ranged fabrics. The company is engaged in the manufacturing and sales of fabrics such as outdoor, business, and eco-friendly casuals and mid-ranged fabrics. It offers customized fabric solutions to an array of international clients and acclaimed fashion brands. The company manufactures European-style fabrics in China with technical expertise obtained from fabric producers in Spain and Italy.

• Modern Woolens Ltd.: Modern Woolens Ltd. was established in 1973 and is headquartered in Rajasthan, India. It is a modern group company incorporated as a spinning carpet yarn manufacturer. Later, it became a prominent designer and producer of other textile businesses such as suiting, thread, insulators, and types of denim, towels, and others. The company designs and manufactures products such as worsted yarns that include pure wool yarns and poly/wool yarns. Pure merino wool tops and woolen & semi-worsted yarns are the other products manufactured by the company for the clothing and carpet industries.

• JCT Limited: JCT Limited was established in 1946 and headquartered in New Delhi, India. The company is considered as a prominent manufacturer of textiles and filament yarns. JCT Limited, a distinct company of the Thapar Group, has a distinct business involving the production of synthetic & blended textiles, cotton, and filament yarn of nylon. The company has integrated its operations in various spheres which include spinning, weaving, and processing along with production and quality control facilities. The company has two primary work divisions, the textile division, and the filament division. The textile division is the largest segment in the company and has a product range of materials including 100% cotton, 100% nylon, 100% polyester, including an array of blends such as cotton-polyester, polyester-viscose, and cotton-nylon. In addition, the company uses linen and bamboo fibers to make special effects in its different fabric blends.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Textile Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Textile Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.