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Textile Staples Market - What are the main factors that contributing towards industry growth?

Author : Rahul Varpe | Published Date : 2019-03-25 

Europe, led by Germany has moderate share in textile staples market owing to well established and flourishing automobile industry hosting giants that includes Audi and Volkswagen. Middle East and Africa has nascent share and expected to increase with demand of protective clothing due to stringent government regulations for workers. In addition, improved living standard has fuelled the usage of apparels.

Asia Pacific has significant share in global textile staples market with well-established textile industry. Further, increased manufacturing of technical products with abundant supply of raw materials and skilled labour. North America led by the U.S. has substantial share with fast paced economic growth and infrastructure development. This region has flourishing construction industry with maximum urban population.

Textile Staples Market size is expected to witness a significant growth due to growing application in apparel, interior flooring, upholstery, filtration, medical and construction industry. Increasing demand of these materials for special applications that includes construction and automotive has fuelled its consumption.

To access the table of contents or view the Textile Staples Market report in detail, please click the link below: https://www.gminsights.com/request-toc/upcoming/1993

Growing concern about worker’s safety in various industries owing to rising accidents and deaths will positively impact textile staples market growth. These are used for manufacturing personal protective clothing for industries and their employment has augmented with stringent government regulations and expected to propel textile staples market.

Rising disposable income has enhanced purchasing power of consumers that in turn has increased demand for apparels. Recent trends including interior flooring in construction and fabric use in crafting furniture are on the rise. Manufacturing of niche technical products have amplified as compared to generic fabric.

Staples are fibres of discrete length and its composition may vary. Major restriction for textile staples market is cyclic pattern in natural and synthetic fibre due to periodic overcapacity and pressure on pricing. The cyclical nature arises from investments made at top of cycle to incur high margins with available funds that shifts the balance of supply and demand as new capacity leads to availability in massive quantities.

Textile staples market is moderately fragmented with the presence of many regional and international players in the industry. some of the key palyers are DuPont, Lenzing, International Fibres Group, Toray Group, Thai Acrylic Fibre, Teijin Frontier, Grasim Industries, Reliance Industries, Indorama Ventures, Chori Company W. Barnet and Synthesia.

Companies are adopting various strategies including, mergers and acquisitions to capture textile staples market. DuPont has undergone strategic alliance with Arvind industries to enhance their presence in India, Sri Lanka and Bangladesh.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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