Exclusive Report By Fact.MR.
The global knitted fabrics market is estimated to be worth US$ 27.99 billion in 2023. Demand for knitted fabrics is forecasted to rise at a 5.1% CAGR and reach US$ 46.03 billion by the end of 2033.
Expansion of the apparel industry is predicted to drive growth opportunities in the global knitted fabrics market in the coming decade. The rising importance of knitted fabrics in the medical, manufacturing, construction, and automobile industries is also projected to boost market growth opportunities.
- Demand for knitted fabrics in the automotive sector is predicted to rise at a CAGR of 4.3% and reach a market valuation of US$ 10.54 billion by the end of 2033.
- The United Kingdom market is set to expand at a CAGR of 3.9% and reach US$ 2.25 billion by 2033-end.
- Demand for knitted fabrics in Japan is predicted to advance at a CAGR of 2.9% and reach US$ 1.2 billion by the end of 2033.
Increasing preference for high-performance and lightweight knitwear is boosting requirements for feathery raw materials, including synthetic, faux fur, silk, linen, and polypropylene. Woven fabrics are used as a replacement for bulked yarns that are manufactured from knitted fabrics. Demand for large shawls, scarves, cardigans, and loop stitch jackets from the apparel industry has been growing in the past few years. Colors such as beige, timeless black, grey, and brown are gaining popularity on a global scale.
Feather-light circular knit fabrics are generating high demand in the hosiery market owing to the better breathability of these materials. In the protective clothing industry, lightweight knitted textiles are becoming popular globally. Durable, anti-tear, and sponge-like materials are used in either single or double layers in numerous protective clothes.
Preference for comfortable, soft, and wrinkle-resistant textiles in denim garments is rising, which is further expected to boost demand for knitted fabrics. The growing importance of synthetic fibers in the apparel and construction industries is projected to stimulate growth opportunities in the coming decade. In recent years, there has been a significant increase in the utilization of fiber within the construction sector. Fiber is employed as geotextiles in various applications such as roads, dams, walls, and roofs.
Fact.MR, a research and competitive intelligence provider, has published a report on the global knitted fabrics market. The report offers a thorough analysis of key industry aspects that include recent developments, growth opportunities, key trends, regional analysis, etc.
“Growing Demand for Apparel Made from Lightweight Materials Offering Improved Ventilation”
Various types of lightweight circular knit textiles are becoming popular in the hosiery sector. Knitted textiles have the ability to offer improved ventilation. Lightweight knitted materials are used in the manufacturing of protective apparel. Growing demand for apparel with lightweight materials is predicted to generate lucrative opportunities for industry players over the next 10 years.
Increasing Use of 3D Knitting Technologies”
Demand for artificial intelligence, automation, and 3D knitting technologies is increasing in the textile industry. The requirements for enhanced productivity are stimulating manufacturers to look for advanced production methods. Certain noteworthy developments in the performance knitted fabrics domain are taking place in this regard.
For instance:
- Polymer specialists Covestro and Polymaker announced the release of their 3D printable fabrics in 2020. This newly designed fabric was an outcome of their joint venture. The companies developed a new processing technology while establishing a collaboration with two manufacturers of 3D printers.
- According to Polymaker, these printing approaches are environmentally friendly alternatives to conventional weaving. The companies claim that this innovation can help in the transformation and upgradation of 3D printed fabrics “from artwork to industrialization.”
Key Market Players
Key providers of knitted fabrics are investing heavily in new developments and maintaining product quality. They are also focusing on maintaining the effectiveness of the supply chain management system.
Key companies in the knitted fabrics market are Paulo de Oliveira S.A., BSL Limited, Lu Thai Textile Co. Ltd., INVISTA S.R.L., Successor REDA S.p.A., Sinopec Yizheng Chemical Fiber Company Ltd., Rhodia SA, Li & Fung Group, JCT Limited, China Textiles Ltd., Mayor Suitings Ltd., Paramount Textile Mills Ltd., Modern Woollens Ltd., and Shandong Jining Ruyi Woolen Textile Co. Ltd.
