The
textiles manufacturing market comprise of establishments that manufacture
fiber, yarn, threads, carpets, rugs, linens and other textile products. This
industry also comprise establishments engaged in processing fiber, yarn and
fabric to produce finished products.
Read More: https://www.thebusinessresearchcompany.com/report/textile-manufacturing-global-market-report-2018
The global
textiles manufacturing market is valued at $871 billion in 2017 due to the
rapid growth of
many fabrics, apparel manufacturing and home furnishings
facilities.
In the
report, the global textiles manufacturing market is divided into three segments
namely, fabrics manufacturing; yarn, fiber and thread manufacturing; and home
furnishings and floor coverings manufacturing. While the first and the second
segments account for more than three fourth of the market share, the last
segment accounts for the remaining share.
China was
the largest country in the textile manufacturing market in 2017, accounting for
nearly two-fifth of the market share. This is due to the presence of fabrics
and apparel manufacturing facilities in China, which consume textiles as raw
materials. India and the USA followed China as the next largest countries in
the market.
The
textiles manufacturing market is fragmented into a number of large and small
organizations. The top five competitors in the market made up 2% of the total
market in 2017. Toray Industries Inc. was the largest competitor of the market,
followed by Mohawk Industries and Indorama Corporation Pte. Ltd. Toray is an
integrated chemical industry that engages in processing, manufacturing and sale
of various composite materials, resins, plastics, ceramics, films, medical
products and electronics. It specializes in industrial products and
technologies in polymer chemistry, organic synthetic chemistry and bio
chemistry. The company was founded in 1926 in Japan and has around 45,800
employees.
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