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Blended Fibers MarketBlended Fibers Market Key Players:
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), and Textile school (India).
Blended Fibers Market Application:
Some of the key strategies adopted by market players, due to the growing concern for environment, include new product developments, expansions, and acquisitions. For instance, in March 2018, Lenzing Group, an Austria-based specialty fiber maker, has announced to launch Lenzing EcoVero production, a viscose fiber that has a very low environmental impact.
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Increasing consumer purchasing power parity and spending on secondary requirement along with enhanced product availability through various channels including retail, online portals, and stores is expected to boost the product demand further. Manufacturers are expected to diversify their product portfolio by increasing sales volumes of apparels and house furnishing products to meet the growing population and construction activities, which is likely to drive the demand for blended fabrics.
However, fluctuating cost of raw materials such as cotton, polyester, and nylon may hinder the blended fibers market growth.
Blended Fibers Market Overview:
Blended fibers are the combination of two different types of fibers that results in a third one containing unique and novel properties, such as unique fiber batch and polymer characteristics. Nylon or polyester microfibers are 60 to 100 times finer than human hair, which can be mixed with natural or synthetic fibers to make blended fibers and are utilized in garments for active sportswear. Blended fibers find their application in apparel, home furnishing, and technical clothing as it provides desired feature products.
Blended Fibers Market is driven by the demand for improved fabric appearance, durability, and ease in handling, along with the growing textile industry. The desired texture for suiting materials which can be obtain through the improved blending of different fabrics combination including wool with polyester is expected to enhance market growth. Expansion of the suits and apparel coupled with increasing number of stores and boutiques will further propel blended fibers market demand.
Blended Fibers Market Segmentation:
Blended Fibers Market has been segmented by source, product, application, and region.On the basis of product, the market has been divided into cotton/polyester, cotton/polyester/cellulose, nylon/wool, and elastane/nylon/cotton. The cotton/polyester segment accounted for the largest share of the global blended fibers market in 2018. This growth can be attributed due to the extensive usage of cotton/polyester in manufacturing daily wear fabrics. Polyester blend with cotton in a ratio of 59:50 produces highly absorbent and soft fabric, which is extensively used in the textile industry. Polyester, when blended with cotton, contributes more strength towards wrinkle resistance and shape retention as cotton provides comfort along with high porosity and heat conduction. Thus, the advantage of cotton/polyester blends over its nylon/wool counterpart are expected to add substantial value to the global blended fabrics market.
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Based on application, the market has been categorized into apparel, home furnishing, and technical. The home furnishing segment accounted for the largest market share in 2017 and is expected to register a significant growth rate during the review period. Shifting consumer trend towards custom designed furniture and rising demand for wallpapers and blinds are expected to drive the demand for blended fibers. Furthermore, development in housing and real estate sectors, coupled with increasing adoption of environment-friendly products is expected to propel market growth.
Blended Fibers Market Regional Analysis:
Asia-Pacific accounted for the largest market share in 2017; owing to the expansion of production capacities and the availability of cheap labor in India and China. Favorable trade policies and increasing penetration of organized retail sector are the key drivers attracting foreign players in the region. The significant growth of the textile industry in Southeast Asian countries is expected to boost the demand for blended fabrics in the regional market.
North America is the fastest growing region for global blended fibers market. Owing to the growing technological advances such as adoption of g nanotechnology for manufacturing advanced fabrics at a microscopic level, offering lightweight material for the garments. Furthermore, increasing usage of home furnishing products in residential and non-residential sectors is expected to drive the blended fibers market in the region.
The European blended fibers market is expected to grow due to the growing environmental awareness among consumers as natural fibers are widely used in the clothing industry which is produced from animal and plants. The combination of natural and synthetic fibers such poly wool is a mixture of polyester and wool which possess good appearance, comfort and available in low cost is likely to drive the demand for blended fibers.
The Latin American blended fibers market is expected to grow at a significant rate during the review period due to the economic growth and the increasing population. The market in the Middle East & Africa is likely to exhibit considerable growth in the coming years due to the rise in industrialization and economic growth.
Blended Fibers Market Table of Content to be Continue……,
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