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 observed during the historical period can be attributed to factors such as consumer demand, globalization and international trade, shifts in fashion trends, and advancements in technology.

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%. Anticipated growth in the forecast period can be attributed to factors like reshoring and nearshoring of production, the continued expansion of e-commerce, and evolving market trends. Major trends expected in the forecast period include a strong focus on sustainability and eco-friendly practices, the utilization of innovative materials, the integration of digitalization and Industry 4.0 technologies, increased customization and personalization in product offerings, and a growing emphasis on health and performance fabrics.

The textile and fabric finishing and fabric coating mills market is expected to experience growth driven by the increasing demand for online shopping. This surge in demand is set to benefit the market as manufacturers now have access to larger platforms, expanding their customer base geographically and fueling market growth. Notably, countries like India have witnessed the positive impact of e-commerce portals, which have boosted the sales of these products by providing broader exposure to producers who were previously limited to a specific geographical region.

The primary categories within the textiles, fabric finishing, and fabric coatings sector include textile and fabric finishing mills, as well as fabric coating mills. Textile and fabric finishing mills encompass businesses specializing in the final treatment of textiles, fabrics, and garments. These businesses may purchase unfinished fabric, have it finished under contract, and then resell the finished products at the wholesale level. Finishing operations can include processes like bleaching, dyeing, printing (using methods such as roller, screen, flock, plisse), stonewashing, and various mechanical finishing techniques like preshrinking, shrinking, sponging, calendaring, mercerizing, and napping. Additionally, they may involve cleaning, scouring, and preparing natural fibers and raw stock. Both traditional and advanced technologies are applied in this sector, serving a wide range of industries, including transportation, building and construction, protective clothing, industrial applications, medical products, sports and athletic gear, agriculture, and packaging materials.

The textile and fabric finishing and fabric coatings market research report is one of a series of new reports that provides textile and fabric finishing and fabric coatings market statistics, including textile and fabric finishing and fabric coatings industry global market size, regional shares, competitors with a textile and fabric finishing and fabric coatings market share, detailed textile and fabric finishing and fabric coatings market segments, market trends and opportunities, and any further data you may need to thrive in the textile and fabric finishing and fabric coatings industry. This textile and fabric finishing and fabric coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The textile and fabric finishing and fabric coating mills market is poised for growth due to the rising demand in the construction sector. Construction, involving the creation and assembly of structures, infrastructure, and facilities, relies on specialized materials offered by textile and fabric finishing and fabric coating mills to enhance the performance, durability, and aesthetics of construction products. As evidence, data from September 2021 by Oxford Economics indicates that global construction output reached $10.7 trillion in 2020 and is projected to increase by 42%, or $4.5 trillion, between 2020 and 2030, reaching $15.2 trillion. Therefore, the escalating demand in construction is a key driver of growth in the textile and fabric finishing and fabric coating mills market.

The COVID-19 pandemic in 2022 posed significant challenges for the textile and fabric finishing and fabric coating mills market. Disruptions in supply chains due to trade restrictions and a decrease in consumption resulting from lockdowns imposed worldwide impacted the market. COVID-19, characterized by flu-like symptoms, first emerged in Wuhan, China, in 2019, and spread globally, leading to a halt in manufacturing activities and a decline in economic activity due to lockdowns. While the pandemic negatively affected businesses throughout 2020 and into 2021, it is anticipated that the textile and fabric finishing and fabric coating mills market will recover from this impact over the forecast period, as the pandemic is considered a 'black swan' event and not linked to ongoing or fundamental market weaknesses or global economic issues.

In response to concerns about high water consumption, air pollution, and waste generation, the textile industry is increasingly adopting environmentally sustainable fabric coating methods. Manufacturers are exploring water-efficient fabric dyeing techniques, particularly during the water-intensive stage of fabric manufacturing. Innovative technologies like aerated dyeing involve placing fabric in a superfluidic CO2 pressurized chamber with dye, significantly reducing water and chemical usage. This process results in energy and dye consumption savings of up to 50%, reduced time, and a preservation of more than 1000 liters of water per day. It also leads to cost savings of 40-60% per day for fabric coating companies. Companies like Arvind Ltd., an Indian textile manufacturer, are collaborating with firms like DyeCoo to implement CO2 dyeing as an environmentally friendly alternative.

Major companies in the textile and fabric finishing and fabric coating mills market are emphasizing the development of innovative products, such as G-Heatex, to offer reliable services to their customers. G-Heatex represents a line of graphene-coated fabrics that emit uniform and robust heat while remaining flexible, supple, and incredibly lightweight. For instance, in November 2021, Sweden-based Grafren AB, known for manufacturing graphene-coated textiles, launched G-Heatex, a brand of graphene-coated textiles. G-Heatex materials, with their soft, breathable, and ultra-lightweight characteristics, provide consistent and powerful heat emission. These materials find applications in various fields, including heated apparel, medical uses, automotive industries, aerospace sectors, and sports and outdoor activities.

Major companies operating in the textile and fabric finishing and fabric coating mills market include Daiwabo Holdings Co. Ltd., Grasim Industries Limited, Leggett & Platt Incorporated, Sioen Industries NV, Swift Galey LLC, Carlisle Finishing LLC, Single Source Apparel Inc., Guilford Inc., Mohawk Industries Inc., Hanesbrands Inc., Fruit of the Loom Inc., Gildan Activewear Inc., Milliken & Company, Unifi Inc., Parkdale Mills Inc., American & Efird LLC, Mount Vernon Mills Inc., Carolina Cotton Works Inc., Tuscarora Yarns Inc., Frontier Spinning Mills Inc., Culp Inc., Glen Raven Inc., Cone Denim LLC, American Cord & Webbing Co Inc., American Fiber & Finishing Inc., American Silk Mills Corporation, Carolina Mills Inc., Coville Inc., Foss Manufacturing Company LLC, Highland Industries Inc., Interface Fabrics Group Inc.

Asia-Pacific was the largest region in the textile and fabric finishing and fabric coating mills market in 2023. North America was the second largest region in the textile and fabric finishing and fabric coating mills market. The regions covered in the textile and fabric finishing and fabric coating mills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the textile and fabric finishing and fabric coating mills market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The textiles and fabric finishing and fabric coatings market consists of sales from brushing, sewing, beetling, and retail sales. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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