Factors impacting global fiber demand and growth
Textiles have been an integral part of our day to day life for many centuries. Until the early 20th century, textiles were primarily made from natural fibers like cotton, wool, silk etc. After the discovery of man-made fibers like viscose, nylon, polyester, acrylic, polypropylene during the 20th century, they have accounted for most of the growth in fibers and today account for almost 70% of global fiber demand.
Global fiber demand has doubled in the last two decades, mainly driven by strong growth in polyester, which alone accounts for almost half of global fiber consumption in 2019.
What factors are impacting fiber demand and growth?
A new service by IHS Markit, the ' Annual Global Fibers Service', delivers comprehensive data and analysis for most of natural and man-made fibers in significant depth. The service covers polyester, nylon, acrylic, cotton, viscose/acetate, polypropylene, wool and silk fibers. This service includes country supply and demand data for these fibers at a single place, including a 5-year history and 10-year long term outlook. The service also covers fiber prices to providing inter-fiber competition and its possible impact on supply and demand.
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