Textile Fiber Market Summary

The global textile fiber market was valued at USD 48.70 billion in 2024 and is projected to reach USD 63.42 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2030. This growth is primarily attributed to the rapid expansion of the global population, particularly in emerging economies such as India, China, and Brazil. The increasing population has led to a higher consumption of essential products such as clothing, bedding, and upholstery, thereby fueling the demand for textile fibers across various end-use applications.

The market growth is further driven by rising demand for apparel and home textiles, supported by increasing disposable incomes and evolving consumer fashion preferences. The ongoing transformation in fashion trends and lifestyle choices has led to higher consumer spending on clothing and home décor products. Moreover, the proliferation of e-commerce platforms has significantly altered consumer purchasing behavior by providing easy access to a wide range of textile products. Online retail has broadened the reach of textile brands and manufacturers, enabling them to cater to a global customer base with diverse preferences.

Key Market Trends & Insights

• In terms of application, the fashion and clothing segment emerged as the dominant category, accounting for the largest revenue share of 52.85% in 2024. This is primarily driven by the increasing consumer appetite for diverse, high-quality, and trendy apparel. The rise of fast fashion, combined with the growing influence of digital marketing and social media, has led to rapid product turnover. As a result, textile fiber consumption has surged due to the continuous introduction of new clothing lines aimed at keeping up with seasonal styles and changing consumer expectations.
• The synthetic fiber segment held the largest revenue share of 52.0% in 2024. The growth of this segment can be attributed to the superior properties of synthetic fibers, such as enhanced durability, resistance to moisture and chemicals, and low maintenance. Common synthetic fibers like polyester, nylon, acrylic, and polypropylene are extensively used across industries due to their versatility and cost-effectiveness. Their adaptability for different end-use applications in apparel, industrial textiles, automotive interiors, and home furnishings further drives their widespread adoption.
• Conversely, the natural fiber segment is expected to witness robust growth over the forecast period, registering a CAGR of 4.3%. This growth is supported by the increasing consumer inclination toward sustainable and biodegradable textile options. Natural fibers such as cotton, wool, flax, and hemp are gaining popularity among environmentally conscious consumers seeking products that have a minimal ecological impact. The market shift towards eco-friendly textiles is aligned with global sustainability initiatives and regulatory support aimed at reducing the environmental footprint of the textile industry.
• In North America, the textile fiber industry is experiencing growth due to increasing consumer demand for sustainable and eco-conscious fiber alternatives. Consumers in the region are becoming more mindful of the environmental implications of their purchasing choices, resulting in greater demand for products made from organic cotton, recycled polyester, and biodegradable fibers. Sustainability certifications and transparent supply chains have also contributed to consumer trust and brand loyalty in the region.
• The U.S. textile fiber market, in particular, is being driven by technological innovations in fiber production and textile manufacturing. Cutting-edge advancements such as nanotechnology, smart textiles, and moisture-wicking fibers are creating new opportunities for textile applications across industries including sportswear, healthcare, and industrial sectors. These innovations are enabling manufacturers to deliver high-performance products that align with modern consumer expectations for comfort, functionality, and sustainability.
• The Asia Pacific region dominated the global textile fiber market in 2024, accounting for the largest revenue share of approximately 47.29%. The region's dominance is largely due to its substantial population, growing middle class, and increasing disposable income levels. These factors have led to a steady rise in demand for apparel, home textiles, and industrial textiles. Additionally, Asia Pacific serves as a major hub for textile manufacturing and exports, with countries like China, India, Bangladesh, and Vietnam hosting a vast number of production facilities and textile companies.
• In Europe, the textile fiber market is supported by the robust expansion of the fashion and apparel industry. The region is home to some of the world’s most prominent fashion houses and retail brands, which act as key demand drivers. European consumers are also at the forefront of the sustainability movement, favoring textiles that are ethically sourced and manufactured with minimal environmental impact. This consumer behavior encourages the adoption of both natural and innovative synthetic fibers that meet high standards for quality and sustainability.
• The textile fiber industry in the Middle East and Africa is witnessing expansion driven by growing production capacities in African nations. Countries such as Ethiopia, Kenya, and South Africa are emerging as textile production centers, supported by favorable government policies, foreign investments, and improving infrastructure. The development of local textile industries in these regions is expected to enhance regional self-sufficiency and boost exports to global markets.

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Market Size & Forecast

• 2024 Market Size: USD 48.70 Billion
• 2030 Projected Market Size: USD 63.42 Billion
• CAGR (2025-2030): 4.5%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Key players in the global textile fiber industry include Tongkun Holding Group, Indorama Ventures Public Company Limited, among others. These companies play an essential role in driving innovation, sustainability, and scale in textile fiber production.

• Tongkun Holding Group, headquartered in China, is a leading manufacturer specializing in polyester fibers and filament yarns. Its extensive product portfolio includes polyester chips, fully drawn yarn (FDY), partially oriented yarn (POY), and drawn textured yarn (DTY). The company serves a diverse clientele across global markets and contributes significantly to the global supply of synthetic fibers.
• Indorama Ventures Public Company Limited, based in Thailand, is a multinational producer of polyester, polyethylene terephthalate (PET), and other textile fibers. Its offerings span staple fibers, polyester yarns, and high-performance fibers used in applications ranging from apparel and home textiles to automotive and nonwoven products. The company emphasizes technological advancement and sustainability in fiber production.
• Alpek and Toray Industries, Inc. are also gaining prominence as emerging players in the textile fiber market. Alpek, a Mexico-based company, is a global leader in the polyester and petrochemical industries, producing essential raw materials such as PET resins and purified terephthalic acid (PTA) used in textile manufacturing. The company focuses on delivering performance-driven and sustainable synthetic fibers used in diverse sectors, including apparel, automotive, and home furnishings.
• Toray Industries, Inc., headquartered in Japan, is a multinational corporation with a strong foothold in the textile fiber industry. It offers a comprehensive range of synthetic fibers and functional materials, including polyester, nylon, and carbon fiber. The company is renowned for its innovation in high-tech fiber solutions, such as moisture-wicking, antibacterial, and eco-friendly fibers. These offerings cater to a wide array of applications across fashion, sportswear, industrial textiles, and aerospace.

Key Players

• Tongkun Holding Group
• Indorama Ventures Public Company Limited
• Alpek
• Toray Industries, Inc.
• Reliance Industries Limited
• Lenzing AG
• Indorama Ventures Public Company Limited
• Teijin Limited
• Toray Industries, Inc.
• Hyosung TNC Corporation

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Conclusion

The global textile fiber market is on a steady growth trajectory, driven by increasing population, rising disposable incomes, and evolving fashion trends. The surge in e-commerce, innovation in fiber technology, and a growing shift toward sustainability are reshaping the industry landscape. Synthetic fibers dominate in volume due to durability and versatility, while natural fibers are gaining ground through eco-conscious demand. With Asia Pacific leading in production and consumption, and North America and Europe emphasizing sustainability and innovation, the market outlook remains positive. Industry leaders continue to expand through innovation and strategic investments, ensuring dynamic growth and adaptability through 2030.