Developing Countries Spark Growth in the Global Textile Market, According to a New Report by Global Industry Analysts, Inc.

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Demand for textiles stands enthused by growing consumer expenditure on apparel, home furnishings and automotive products. An upsurge in textile production in countries such as China, India, Indonesia, South Korea, Taiwan, and Thailand is likely to continue to deter prospects in developed nations.

Textile industry, comprising of spun yarn products, broadwoven and knit fabrics, and floor coverings is highly cyclical in nature. Noteworthy factors influencing the textile industry include demographic factors, growth in disposable income, consumer confidence levels, technological developments, fashion trends, and other general economic variables. Demand for textiles depends on fashion trends, and general economic conditions and social influences such as material resources, culture, lifestyle factors, geographical area and environmental conditions.

Stiff competition in the textile market in terms of price and fashion, is motivating textile manufacturers to forge ahead with entry into novel and technical aspects such as coating of textiles. Technical boosts in fabricated textile mills led the development of lighter and comfortable fabrics, and stretch fibers that are refashioning various fits. Manufacturers are employing unique combination of fibers to produce garments with outstanding crease resistance, shrink resistance, comfortable & softness, greater adaptability to temperature, and good wash & wear properties.

Textile industry is one among the several labor-intensive industries that provide a relative benefit to countries having lower labor costs. China dominates global textile market in terms of annual production capacity for cotton textiles, woolen fabrics and chemical fiber garments, holding a significant worldwide fiber output. China has also emerged as a leading producer of cotton, wool, and synthetic fibers such as polyester. China is the leader in textile exports and Korea, Taiwan, India and Pakistan are among the leading fifteen textile exporting countries globally. Slower growth is forecasted in developed and mature nations such as the US, where the effects of increasing offshore textile manufacturing will be felt as the potential market base for textiles plummets. In addition, the US textiles industry is anticipated to face competition from developing markets with the abolition of quota regimes. WTO implementation and consolidation through trading blocs would also affect the US textiles market with limitations on the textile exports.

The world textile fibers market is highly competitive and characterized by its wide availability, thin profit margins, and growing popularity of synthetic fiber materials such as polyester at the expense of natural fiber. Synthetic/Man-made fibers are forecast to witness robust demand in the developing regions, based on population size and economic growth. Higher value specialty fibers such as aramids and carbon fiber are expected to illustrate steady growth. Consumption of fibers in the production of household textiles and furnishings has been increasing over the years. Though the sector had traditionally relied on natural fibers for production of household furnishings, consumption of synthetic fibers increased rapidly in the recent past based to their inherent performance, environmental and cost advantages. Polyester is the fastest growing synthetic fiber due to high demand from apparel industry.

Yarn is a strand of fiber that can be made into a fabric by weaving, knitting, braiding, felting, webbing or any other bonding or interlacing process. Global textile yarn market will be led by cotton yarn, followed by synthetic yarn and woolen yarn.

The report, titled "Textiles: A Global Outlook", published by Global Industry Analysts Inc, provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird's eye view of the industry, identifies up-to-date market trends, and highlights key challenges and opportunities in the industry. The synopsized US market discussion is annotated with 15 invaluable market data tables, and research findings. Purposed to offer an introductory prelude, other regional markets briefly abstracted, and summarized include Canada, Mexico, Europe, and Belgium, among others. The report offers a compilation of all recent mergers, and acquisitions in addition to an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 574 companies worldwide.

For more details about this research report, please visit
http://www.strategyr.com/Textiles_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com

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