Blended Fibers Market to cross 18 million tons by 2024
Date: 2019-01-10   Author: Rahul Varpe  Category: #news

Blended Fibers Market to cross 18 million tons by 2024

According to a new research report by Global Market Insights, Inc. Blended Fibres Market size is estimated to surpass USD 57 billion by 2024.

Given the extensive proliferation of textiles in the apparel and furnishing sectors, blended fibers market has been forecast to chart out a profitable growth path in the years ahead. As environmental safety takes precedence over industrial processes, companies are seen depicting tendencies to recycle and upcycle waste for fabric production, which would have a commendable impact on the future blended fibers market trends. 

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Say for instance, recently, Seaqual – the joint venture formed by three prominent companies, announced its debut fiber sale that was generated by upcycling plastic waste. Apparently, this waste is the one that is collected on oceanic grounds and is then extracted with the help of 400 partner fishing boats. In essence, with every kilogram of fiber that Seaqual produces, a kilogram of waste is eliminated from the sea. The start-up’s novel idea has attracted numerous investors in blended fibers market, given the appreciable contribution this production methodology is likely to have on the environment.

Thriving in an era characterized by eco-friendliness, Blended Fibers Market in recent years, has emerged as a niche business catering to some of most pivotal verticals. A vital sub-sphere of the polymers and advanced materials space, blended fibers industry today encompasses companies that have been attempting to recreate fibers that would have minimal impact on the environment. A recent instance of the same can be attributed to Lenzing’s product launch. 

Elaborating further, the Austria-based specialty fiber maker Lenzing recently planned the launch of EcoVero, a viscose fiber that apparently has a very low environmental impact. The new product reportedly will have a 100% supply chain transparency, an ecological production methodology, and will use sustainable wood resources. Given its eco-friendly characteristics, this product is likely to set a new benchmark in blended fibers market in the years ahead. As per estimates in fact, blended fibers industry size was pegged at USD 35 billion in 2016.

India has been touted to emerge as one of the most promising avenues for blended fibers market in the forthcoming years, driven by its massively growing textile and home furnishings sector. In fact, the former is one of India’s largest export contributor – close to 13% of the overall exports in India can be credited to the textiles sector. The central government of India also plans to launch a new textile policy that aims to accomplish a benchmark of USD 300 billion worth of textile exports by 2024-2025. In consequence, this would have a marked impact on the regional blended fibers market share. In the last year, this business vertical has witnessed a couple of rather pivotal incidences that would have a commendable influence on India blended fibers industry trends in the years to come. A gist of these has been outlined below:

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Sutlej Textiles and Industries Ltd (STIL), one of most prominent participants of blended fibers market, recently acquired the design & distribution unit and the brand name of the Pennsylvania-based American Silk Mills (ASM) LLC. This acquisition, say experts, is likely to strengthen Sutlej’s home textiles portfolio, which would subsequently impact the revenue graph of India blended fibers industry.
Earlier in the year, in Q1 2017, Sutlej Textiles and Industries had completed an expansion project at Rajasthan Textile Mills (RTM) that aimed to set up a further of 35,280 spindles in addition to the already existing capacity of 90,432 spindles. This expansion is likely to drive the regional blended fibers market size, given the extensive production that the company would now churn out per year. Sutlej already has established quite a name in India blended fibers industry, considering its contribution toward the development of natural and blended yarns fabric processing, and home textile furnishing. With this capacity expansion, it is expected that Sutlej would further strengthen its stance in India blended fibers market. 

Welspun recently launched its newest collection at Heimtextil India, inclusive of quilts, towels, duvet covers, bed sheets, curtains, carpets, rugs, bedspreads, bathrobes, and bath mats. One of the largest textile manufacturing companies in India, Welspun, through this textile fair, aims to cater to changing market demands. 

Welspun’s initiative is also expected to influence other leaders in the home textiles and interior décor sectors – pivotal components of the application spectrum of blended fibers industry, to launch their fabric collections and conform to latest consumer demands. This would bring about a change of dynamics in the textiles domain, which is certain to fuel the regional blended fibers market share.

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The critically endangered environmental situation of today has prompted companies to adopt the ‘go-green’ trends. In consequence, plant-printed fabrics have once again been gaining prominence in blended fibers market, as are seaweed-derived fabrics. The latter had actually been quite a rage back in the late 1940s, when seaweed fibers were blended to form rayon. As on today though, technology has made it possible to achieve the breakdown of these cellulose fibers, blend them with other plant fibers, and then eventually weave them into cloth. 

With research activities unearthing age-old, conventional as well as newer innovations in fiber technology, blended fibers market outlook is likely to witness a dynamic transformation in the years ahead. Furthermore, the trend of bringing forth the environment-friendly factor in textile production is also likely to generate a plethora of opportunities for companies, which would substantially strengthen the competitive landscape of blended fibers industry.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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