Textile Market News

Hyosung TNC, a South Korean chemical company, announced a major investment in the bio-based materials sector with a new $1 billion Bio-BDO plant in Vietnam. This move signals the company's commitment to sustainability and capturing a growing market for eco-friendly textiles.

Welspun Living (WLL), a global leader in home textiles has achieved the highest ESG rating in the Textile, Apparels & Luxury Goods category for 2023 as per S&P Global's Corporate Sustainability Assessment (CSA).

In 2024, China’s spandex market began with sluggish demand and low prices. While suppliers were good with high deliveries, sales slowed after the Chinese New Year holiday. This led to a slight decline in production-to-sales ratio for the quarter. Spandex prices remained weak throughout the first quarter,

Uster Technologies offers an automated fabric inspection system that improves yield and quality control. It combines Uster EVS Fabriq Vision, an inspection system, with Uster Fabriq Assistant, which analyzes data to deliver the best results.

Building on the momentum of a highly successful 61st edition, Filo, the leading Italian yarn and fabric trade fair, is planning its next edition. Scheduled for September 18 and 19, 2024, at Allianz MiCo – Milan, the 62nd edition promises to be another key meeting point for industry professionals.

The textile yarn market, a vital cog in the global textile industry, is expected to be worth $23.51 billion by 2030. Steady rise in demand for textiles across various applications is one of the major catalyst; growth is pegged at a healthy CAGR of 6.27 per cent, says a Virtue Market Research in 2023 study.

Sateri, a leading cellulose fiber manufacturer highlighted its commitment to sustainability and innovation through its "remarkable applications" of fiber products at the recent 2024 Yarn Expo Spring in Shanghai.

The fashion industry is rethinking its use of recycled plastic bottles in clothing. While it seemed like a sustainable solution, there are concerns that it disrupts the recycling loop for plastic bottles meant to be reused for beverages.

A recent report by Textiles Intelligence highlights the crucial role of recycled PET polyester (FFrPET) in creating a circular textile industry. While polyester use is expected to boom, large-scale projects are underway to establish robust FFrPET production.

Polartec, a leading innovator in performance fabrics, has launched Polartec Power Shield RPM. This new fabric is made from recycled polyester and features Polartec's Shed Less technology, which significantly reduces fiber shedding during washing. Power Shield RPM is designed for athletes and outdoor enthusiasts who demand both performance and sustainability.

Kraig Biocraft Laboratories (KBLB) unveiled its first premium yarn, combining lab-made spider silk with Pima Cotton. This innovative blend signifies the company's push for vertical integration in the textile industry, targeting high-end markets like luxury apparel.