Global Knitted Fabric Market report is projected to reach USD 33.63 Billion by 2027. Critical factors such as increasing use of knitted fabric as a technical textile in the automotive, retail, manufacturing, medical, and construction industries are expected to drive market growth in the near future. The development of seamless and float plating technology has increased manufacturing efficiency and broadened the product’s scope around the world.
The technical application segment dominated the global market and accounted for the majority of total revenue. Technological advances such as 3D knitting or spacer fabric, have broadened the product’s scope in different industries, including apparel, construction, automotive, and household. The increasing importance of medical textiles in implantable medical devices has broadened the product’s scope in the pharmaceutical industry. Dimensional strength, controlled elongation, controlled porosity, and compressibility are the product’s favorable characteristics, making it well suited for medical use.
The demand for knitted fabric has increased in denim garments, as customer preference moves to wrinkle-resistant, lightweight, light, and comfortable textiles. The growing value of synthetic fibers in the building and apparel industries is expected to fuel market growth in the coming years. In the construction industry, the application of the fiber has expanded as geotextiles in roof, walls, dams, and roads.
Thermal insulation and dust-resistant synthetic fiber features make it suitable for making curtains, napkins, carpets, and table cloths. The application of artificial intelligence has increased in the industry. It helps predict the properties and product consistency before the actual textile is produced. AI plays a significant role in clothing quality inspection, thus reducing errors and expenses.
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Prominent players analyzed in the report are :
Gehring Tricot Corporation, Guilford Mills, Macra Lace Company, Rebtex Inc, Clover Knits, Damodar Menon International Pvt Ltd, SAS Textiles, William J Dixon Inc, Jason Mills LLC, Krishna Overseas, and Loyal Textile Mills Ltd, among others.
Further key findings from the report suggest:
Rapid expansion in the textile industry has generated more growth offers, thereby attracting new players to enter the industry. This ensures that competition in the knitted fabrics market is increased.
Major manufacturers are introducing more creative and superior quality products using manufacturing techniques of the next generation to add a new dimension to the knitted fabrics industry.
Knitted fabrics are widely used as medical textiles in the health-care industry. Textile engineers have discovered that knitted fabrics are more flexible, highly permeable than woven fabrics, and have a loose and elastic structural nature, thus being able to be used in versatile medical applications.
Knitted fabrics are considered to be more vulnerable to damage than their woven counterparts, thereby risking the fabric’s use efficiency in different applications.
In recent years, many of the significant market players have raised investment in R&D projects, leading to the production of many innovative goods. Strategic collaborations among suppliers of Knitted Fabric are increasing exponentially as companies focus on inorganic growth strategies.
In October 2019, with the aid of KnitCrete – a 3D-knitted formwork – Zaha Hadid Architects and researchers from ETH Zurich built double-curved concrete shelled pavilion. The system is believed to have helped to save building material, waste, and energy by simplifying the design cycle for complex shapes.
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The report also provides an insight about the manufacturing cost including upstream raw materials, overall production process, and industry chain analysis. The global Knitted Fabric market research report provides a brief overview inclusive of competitive landscape and key developments, policies, manufacturing costs, and processes. It also covers analysis of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, corporate deals and partnerships, among others.
The chemicals and materials industry has witnessed significant revenue growth over the recent past owing to increasing demand for chemicals, raw materials, consumer products such as perfumes, soaps, and detergents, and plastics from various end-use industries. Chemicals and materials are widely used in various consumer goods and different sectors such as agriculture, construction, and petroleum refining, among others. Polymers occupy the largest revenue share of the global chemicals industry owing to increasing demand from packaging industry, construction markers, and home furnishing, among others. Increasing availability of raw materials at affordable costs, lower labor and energy costs, and rapid economic growth in developing regions is a key factors boosting revenue growth of the chemicals and materials industry and the trend is expected to continue going ahead.
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On the basis of types, the segmentation covers:
On the basis of application spectrum, the market is segmented into :
Regional analysis covers the following key regions:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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