The Textile and Fabric Finishing and Fabric Coating Mills Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Textile and Fabric Finishing and Fabric Coating Mills Global Market Report 2024, The textile and fabric finishing and fabric coating mills market size has grown rapidly in recent years. It will grow from $72.56 billion in 2023 to $81.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to consumer demand, globalization and trade, fashion trends, technological advancements.
The textile and fabric finishing and fabric coating mills market size is expected to see rapid growth in the next few years. It will grow to $122.12 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to reshoring and nearshoring, e-commerce growth. Major trends in the forecast period include sustainability and eco-friendly practices, innovative materials, digitalization and industry 4.0, customization and personalization, health and performance fabrics.
Increasing demand for online shopping is expected to drive the textile and fabric finishing and fabric coated products and thus benefiting the market. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the textile and fabric finishing and fabric coating mills market. In countries such as India, for instance, e-commerce portals have boosted the sales of these products by giving larger exposure to producers who were confined to one geography.
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The textile and fabric finishing and fabric coating mills market covered in this report is segmented –
1) By Type: Textile and Fabric Finishing Mills; Fabric Coating Mills
2) By Technology: Traditional; Advanced
3) By End-Use Industry: Transportation; Building and Construction; Protective Clothing; Industrial; Medical; Sports; Agriculture; Packaging
The textile and fabric finishing and fabric coating mills market report table of contents includes:
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