The Textile Fiber Market Will Reach 93 Million Tons In 2015.

The global industrial analysis Corporation (GIA) gives a comprehensive global perspective. Spin Industrial prospects. The dynamics of the global textile industry are based on a wide range of demographic factors, such as disposable income level, consumer confidence level, and other conventional economic variables. industry Such as geosynthetics, filtration products and medical products that have overcome the adverse economic environment.

Textiles in 2008 and 2009 clothing Demand has dropped sharply, especially in the US, Japan and Europe, where consumer confidence has declined due to rising unemployment. Few consumers show preference for low-priced products while other consumers try to postpone purchases.

The recession has prompted industry participants to resort to cost saving measures such as working vacations, production line layoffs and layoffs to survive in a competitive environment. Some countries adopt protectionist policies in order to deal with social and political instability and to curb international trade decline and factory closures.

However, the economic stimulus package offered by Asian countries has helped revive the textile and garment industry. Governments have implemented a strong policy framework to provide support for accelerating recovery. The global textile industry has also witnessed the continuous migration of manufacturing from developed countries to developing countries.

China dominates the global textile market in terms of its annual production capacity of cotton textiles, wool fabrics and chemical fiber garments. In view of the economic recession, China adopted different strategies to shift its focus to the domestic market, while China focused on the export market earlier. The improvement of the economic environment, coupled with favorable government support policies and industrial upgrading, made the textile industry increase in output. Domestic demand is expected to boost the output, sales and export growth of China's textile industry. Favorable infrastructure, loose labour law and social security are expected to promote the growth of the textile industry.

Cotton is a major raw material for textiles, accounting for about 40-50% of the composition of textiles. In addition, in all natural fibers, the proportion of cotton is about 80%, the rest are wool, linen and linen. Cotton consumption was mainly affected by population growth, and cotton consumption increased by two times in 1950 and 2009. In addition, a number of factors, such as per capita income growth, cotton prices relative to the stability or decline of other fibers, and the wide publicity activities of market participants have contributed to the substantial growth of cotton demand. India, China, Pakistan and the United States dominate global cotton production.

Driven by the increase of new market raw material consumption, the global technology textile market is bound to grow rapidly. Especially in Asia, due to the rapid growth of the domestic market and the expansion of domestic production capacity, Asia is expected to become a new force in the technical textiles market. Asian countries, such as Japan, China, China, Taiwan, India and South Korea, are expected to boost the consumption of global technology textiles. In particular, India will become a major market participant because of its abundant raw materials and skilled labour. The geotextiles industry is expected to grow the fastest, as climate change increases the threat of natural disasters, including hurricanes and floods. Germany, France, Japan, the United Kingdom, South Korea, India, China and the United States are the main producers of technical textiles in the world. The global industrial analysis company (GIA) report predicts that by 2015, the market will reach 93 million tons.