Trusted Business Insights presents the Updated and Latest Study on Blended Fibers Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Abstract, Snapshot, Market Analysis & Market Definition: Blended Fibers Market
Industry / Sector Trends
Global Blended Fibers Market size was worth over USD 35 billion in 2016 and will surpass 18 million tons by 2024.
Market Segmentation, Outlook & Regional Insights: Blended Fibers Market
Blended Fibers Market, By Application, 2016 & 2024, (Kilo tons)
Potential outlook to obtain desired texture for suiting materials through improved blending of different fabrics including wool with polyester will enhance industry growth. Rapid expansion of apparel market along with increasing number of boutiques and stores will further propel blended fibers market penetration.
Despite continuous global economic volatility, improved product differentiation and low switching costs for consumers anticipated to drive apparel industry growth over the forecast timeframe. As per industry estimates, the U.S. apparel market was valued around USD 200 billion in 2016 with sales growth around 3% from previous year.
Rise in consumer purchasing power along with enhanced product availability through different channels including retail, online portals and stores is expected to boost product demand. In addition, elimination of rewinding and additional yarn production costs will enhance blended fibers market share over the forecast timeframe.
Manufacturers are anticipated to diversify their product portfolio with increasing sales volumes of apparels and house furnishing products through e-commerce portals. Some of the globally recognized portals include Amazon, eBay, Alibaba, and Snapdeal. Increasing manufacturing and exporting of blended fibers across the globe is anticipated to propel blended fibers market size.
Several countries including India, China, Indonesia, Vietnam and Taiwan have significantly developed large number of exporting bases to accommodate rising home decor demand. Home decor products have gained high acceptance among consumers to modernize house interiors and exteriors. As to industry experts, home decor market through online portals was valued over USD 34 billion in 2016 owing to easy availability and customized options. Availability of various payment options such as net banking, electronic wallets, credit and debit cards, cryptocurrency cash on delivery (COD) options has positively influenced demand.
Clothing and related accessories witnessed significant demand with emergence of the retail industry. As per U.S. Consumer Financial Protection Bureau, over two-thirds of the U.S. GDP comes from retail consumption. Therefore, fluctuation in retail business will significantly influence the prospects of the U.S. economy. In addition, increasing recognition of departmental stores will further propel the product demand as these facilities are one the major sales platforms.
Rise in domestic production and emergence of various supportive government regulations and schemes will support industry growth. Government campaigns such as Make in India and Technology Upgradation Fund Scheme (TUFS) initiatives are aimed at encouraging domestic production in India. Increasing FDI inflow in textile and apparel sectors is also one of the major driving factors for blended fibers market expansion. However, continuous variation in the cost of raw materials including cotton, polyester, and nylon may hinder blended fibers market growth.
Blended Fibers Market, By Product
Cotton/Polyester was valued over USD 7 billion in 2016 due to its extensive usage in manufacturing daily wear fabrics. Polyester blend with cotton in 59/50 ratio produces more absorbent and softer fabric which is extensively used in the textile industry. Polyester, when blended with cotton, contributes more strength towards wrinkle resistance & shape retention as cotton produces comfort along with high porosity and heat conduction. Strong application in producing a wide range of shirts, dresses, and slacks is expected to propel the overall blended fibers market size over the forecast period.
Nylon/Wool will witness growth around 3% up to 2024. In a nylon/wool blend, nylon provides better durability, warmness, and softness, whereas wool significantly contributes to comfort and resilience. Such blend offers more warm, comfortable and yet light garment. Factors such as enhanced porosity, drape, warmth and texture are supporting product penetration.
Blended Fibers Market, By Application
Home furnishing is estimated to surpass 4 million tons by 2024. Shifting consumer trend towards custom designed furniture and rising demand for wallpapers and blinds is anticipated to drive the product market size. Globalization enables easier and wider accessibility of home decor products and designs for consumers. Furthermore, development in housing & real estate sectors coupled with increasing adoption of environmentally friendly products will propel industry growth.
Apparel application will witness CAGR over 3% up to 2024. These clothing extensively utilize several blended fibers for numerous processes including felting, crocheting, knitting, and weaving. These materials are used in manufacturing a board range of apparels for several industries including fashion, construction, protective, medical and accessories. Moreover, supportive government investment to promote local apparel design using advanced blended fibers is anticipated to benefit product demand over the forecast timeframe.
Blended Fibers Market, By Region
Asia Pacific blended fibers market is anticipated to register over 9 million tons by 2024, owing to growing demand for attractive and corrosion resistant home furnishing products. Surge in demand for handcrafted products coupled with home decor including wall hangings, bed linen products and rugs & carpets will boost product demand.
North America accounted for over 20% of the industry share in 2016. The adoption of nanotechnology has led to the manufacturing of advanced fabrics at a microscopic level, offering lightweight material for the garments. Further, increasing usage of home furnishing products in residential and non-residential sectors will drive the blended fibers market.
Key Players, Recent Developments & Sector Viewpoints: Blended Fibers Market
Global blended fibers market is fragmented in nature owing to the presence of both local and international manufacturers. Some of the major industry participants include Wellspun Industries, Sutlej Textiles and Industries, Pennine Textiles and Recycling, National Spinning, and Reliance Industries. Other prominent players are Hebei Diamond Cashmere Products, James Robinson Fibers, The Fibre Company and The Natural Fibre Company.
Increasing competition between new entrants and existing players expected to augment new product development over the forecast period. The manufacturers are expected to adopt several strategic implementations such as mergers & acquisitions, partnerships, and supply contracts to increase their customer base.
Blended Fibers Industry Viewpoint
Blended fibers can deliver required characteristics that may not be present in single fiber. Therefore, cost of an expensive yarn can be cut down by blending it with low-cost fiber, producing a more cost competitive product. Finishing, weaving, and doubling further improving product efficiency is anticipated to foster industry expansion.
Strong economic growth along with robust expansion in textile industry particularly in emerging economies will drive product demand. Increasing consumer preference for organic and natural products will also be the determining factor shaping the industry demand. Surging demand for enhancing appearance and durability of the fabric in the textile industry will foster industry size over the forecast period.
Key Insights Covered: Exhaustive Blended Fibers Market
1. Market size (sales, revenue and growth rate) of Blended Fibers industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Blended Fibers industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Blended Fibers industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Blended Fibers industry.
Research Methodology: Blended Fibers Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Quick Read Table of Contents of this Report @ WorldWide Blended Fibers Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025
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