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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.
