Textile Fiber Market Size To Reach $63.42 Billion By 2030

Textile Fiber Market Growth & Trends

The global textile fiber market size is anticipated to reach USD 63.42 billion by 2030 and is projected to grow at a CAGR of 4.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global textile fiber industry is driven by the increasing demand from the apparel and fashion industry, which remains the largest consumer of textile fibers. With rising disposable incomes and evolving fashion trends, the demand for natural and synthetic fibers has surged across global markets. The growing emphasis on sustainable and eco-friendly textiles, particularly organic cotton, recycled polyester, and biodegradable fibers, has further influenced purchasing decisions. In addition, the expansion of e-commerce and fast fashion has accelerated production cycles, increasing the need for diverse textile fibers to meet consumer expectations.

Beyond fashion, the home textiles and furnishing sector is a key driver of the textile fiber industry. The rising urbanization and expanding real estate sector have boosted the demand for textile-based products such as carpets, upholstery, curtains, and bedding materials. Consumers are increasingly seeking high-quality, durable, and aesthetically appealing fabrics, prompting manufacturers to develop fibers with enhanced strength, stain resistance, and fire retardancy. Furthermore, the hospitality and healthcare industries are also contributing to market growth by increasing their use of specialized fibers in medical textiles, antimicrobial fabrics, and hygiene products.

The industrial and technical textiles segment is another significant growth driver, with expanding applications in construction, automotive, aerospace, and agriculture. Textile fibers are widely used in reinforced composites, geotextiles, filtration fabrics, and protective clothing, ensuring durability and performance in demanding environments. The shift toward lightweight, high-strength, and temperature-resistant fibers has led to innovations in carbon fiber, aramid, and high-performance synthetic fibers, further driving market growth. In addition, the automotive industry's push for lightweight and fuel-efficient materials has increased the use of fiber-reinforced composites and nonwoven textiles in vehicle interiors and structural components.

Sustainability and technological advancements are also shaping the future of the global textile fiber industry. The industry is witnessing a transformation with the adoption of bio-based and recycled fibers, reducing dependency on traditional resources and minimizing environmental impact. Government regulations promoting circular economy practices and waste reduction have encouraged fiber manufacturers to develop innovative solutions such as closed-loop recycling systems and biodegradable textile alternatives. Moreover, advancements in nanotechnology, smart textiles, and functional fibers are creating new opportunities, enhancing the performance, durability, and versatility of textile fibers across various applications.

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Textile Fiber Market Report Highlights

• The synthetic fiber segment held the largest revenue share of 52.0% in 2024, driven by its superior properties, cost-effectiveness, and wide-ranging applications across multiple industries.

• The fashion & clothing segment dominated the market with the largest revenue share of 52.85% in 2024, driven by increasing consumer demand for diverse and high-quality apparel.

• The Asia Pacific region dominated the market with the largest revenue share of about 47.29% in 2024. Rising population growth and increasing disposable incomes across the Asia Pacific contribute significantly to the growing demand for textile fibers.

Textile Fiber Market Segmentation

Grand View Research has segmented the global textile fiber market based on product, end use, and region:

Textile Fiber Product Outlook (Revenue, USD Million, 2018 - 2030)

• Natural Fiber

• Synthetic Fiber

• Other Products

Textile Fiber End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• Building & Construction

• Fashion & Clothing

• Other End Uses

Textile Fiber Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Turkey

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

• Central & South America

• Middle East & Africa

List of Key Players in Textile Fiber Market

• Tongkun Holding Group

• Indorama Ventures Public Company Limited

• Alpek

• Toray Industries, Inc.

• Reliance Industries Limited

• Lenzing AG

• Indorama Ventures Public Company Limited

• Teijin Limited

• Toray Industries, Inc.

• Hyosung TNC Corporation