The fabrics manufacturing market comprises all
establishments engaged in producing fabrics, mostly through processes such as
weaving and knitting. Fabric Mills include broadly
woven fabric mills, narrow fabric mills, non-woven fabric mills and knit fabric
mills. They are engaged in weaving fabrics, felts and narrow fabrics and they
also further finish and fabricate fabric products. These products are sold to
customers through a distribution channel comprising of wholesalers,
distributors, and retailers.
The global fabric manufacturing sector is valued at $360 billion in
2017 due to automation which has enabled textile manufacturing companies to
enhance productivity and reduce production costs. Asia Pacific was the largest region in the fabrics manufacturing
market in 2017, accounting for three-fifths
of market share
The fabric manufacturing market in The Business Research Company’s
report is divided into five segments. Manmade fiber
fabrics segment was the largest segment in the fabrics manufacturing market
with a thirty percent of the market share. Special fabrics segment, knitted
fabric segment, and cotton fabric segment
had three-fifths of the market share
followed by Non-Cotton Fabrics with nearly ten percent of market share.
China was the largest market in the fabric manufacturing market in
2017, accounting for nearly two-fifths of
the global market share. This is due to high presence
of fabrics and apparel manufacturing companies. China was followed by
India and the USA.
The top four competitors in
the market are Toray Industries Inc., Luthai Textile Co., Vardhaman Group and
Bombay Rayon Fashions Ltd. Toray Industries Inc. is an integrated chemical
industry. The company engages in processing, manufacturing, and sale of various composite materials,
resins, plastics, ceramics, films, medical products and electronics, and specializes
in industrial products and technologies in fabric chemistry.
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