Analysis of global textile market size and industry competition pattern in 2021

Industrial textiles are defined as "products used in many non-textile industries" internationally.

Compared with the traditional textile industry with labor-intensive and low technology content, the industrial textile industry has the characteristics and advantages of capital intensive, high technology content and huge market demand space.

The size of the market

With the continuous development of production technology and technology of industrial textile industry, its application scope is more and more extensive, and its market potential is huge. Its development level has become one of the important symbols to measure the comprehensive competitiveness of a country's textile industry.

In terms of the global market, the scale of the global industrial textile market was 234.72 billion DOLLARS in 2017, and is expected to reach 275.15 billion dollars in 2021. In the next few years, the global industrial textile industry will still maintain a growing trend.

The competitive landscape

The United States, the European Union and other developed countries and regions occupy the leading position in the global industrial textile market, China, India and other emerging markets show a high growth momentum.

Since the 1990s, due to labor, raw materials and other cost factors, manufacturers in Europe and the United States and other developed countries have shifted their focus to product research and development, brand building, channel expansion and other aspects in China, which has gradually shifted production and manufacturing capacity to East Asian countries, especially for middle and low-end products.

In recent years, in terms of product application, developed countries and regions have more diversified product categories. Terminal products are widely used in diverse fields such as culture, sports, entertainment and leisure, military industry and home furnishing, and gradually extend to more environmentally friendly, high value-added and other high-end fields.

In terms of output, After surpassing Japan, South Korea and Taiwan, China has become the largest producer. At the same time, in terms of product variety, quality, technology and new product development, China is gradually narrowing the gap with developed countries.

The global industrial textile production base is mainly concentrated in the United States, Japan, South Korea, Taiwan, and the European industrial textile industry is transferred to Asia and the United States. The Asia-Pacific region accounted for the highest proportion of 40%; North America is next at 25 percent, followed by the Middle East & Africa, Europe and South America.