Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Blended Fibers Market, 2023.

The global blended fibers market has been analyzed with respect to five key regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounts for largest market share for blended fibers in 2017 and is expected to grow at the highest CAGR, specifically in China, India, and the ASEAN countries. The growing demand for attractive and corrosion resistant home furnishing products. The surge in demand for handcrafted products coupled with home decor including wall hangings, bed linen products, and rugs & carpets is expected to boost product demand for blended fabrics. Blended yarns are inexpensive in India and China as compared to other parts of the world. Therefore, other countries import blended fibers from China and India which is expected to add substantial market value to the blended fibers market in the region. India emerges as a strong player in blended fibers market which is likely to be driven by its growing textile and home furnishings sector. The textile sector in India is likely to expand on account of increasing government schemes/policy/incentives to promote the Make in India vision. The central government of India plans to launch a new textile policy that aims to accomplish a benchmark of USD 300 billion worth of textile exports by 2024. This trend of bringing forth the environment-friendly factor in textile production is also likely to generate a plethora of opportunities for manufacturers and generate employment. This would substantially strengthen the competitive landscape of the blended fibers industry in the region.

Leading Players

Some of the key players in the global blended fibers are Reliance Industries (India), Welspun India Ltd. (India), Sutlej Textiles & Industries (India), Hebei Diamond Cashmere Products (China), Pennine Textiles and Recycling (UK), James Robinson fibers Ltd. (UK), National Spinning (US), Natural Fiber Company (UK), KantiFashion (India), Textile school (India)

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Global Blended fibers Market, by Region

North America is expected to be the fastest growing region for global blended fibers market as a result of increased investments in the residential and commercial sector. The changing standard of living and new fashion trends are some of the factors which are expected to fuel the demand for blended fibers in the region during the forecast period.

The market in Europe is expected to grow on account of the increase in the overall economic situation in the region leads to people spending more money on secondary requirements is expected to propel the market in this region. The Latin American market is expected to exhibit considerable growth owing to rising EXIM activities, according to UN COMTRADE statistics India’s man-made fiber (MMF) textile exports to the Latin American countries have grown at a rapid pace during last decade. The market in the Middle East & Africa is likely to witness substantial growth during the review period due to the upcoming Expo 2020 and FIFA World Cup 2022, developers and consultants are bound to turn their attention towards providing high-quality refurbishments to their existing projects.

Segmentation

The global market has been segmented by source, product, application, and region.

On the basis of source, the market has been bifurcated into natural and synthetic.

Based on product, the market has been divided into cotton/polyester, cotton/polyester/cellulose, nylon/wool, and elastane/nylon/cotton.

By application, the market has been segregated into apparel, home furnishing and technical.

By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.





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