Market Overview
Denim Fabrics Market is projected to be worth USD 30.14 Billion by 2028, registering a CAGR of 4.74% during the forecast period (2021 - 2028). The market was valued at USD 21.55 Billion in 2020.
Denim fabric is a durable twill-woven fabric with colored warp and white filling thread. Denim Fabrics Market is either 100% cotton or 85% cotton with a mixture of polyester or nylon. The most popular selvage denim is woven on the shuttle loom. The primary denim fabrics used are selvage, bubble gum or spandex, and colored denim. Moreover, denim wear fabrics offer comfortable, lighter, and colorful fabric, highly preferred in clothing, accessories, and upholstery applications.
Some of the popular by trade names for Denim Fabrics are mentioned as follows:
- KG DENIM
- LNJ DENIM.
- Kaihara Denim
- Çalık Holding
- Kurabo Denim
- Matesa Textiles
The growth and demand of the denim fabric market are primarily driven by changing lifestyles owing to the growing population and rise in per capita disposable income. The global denim garments market was valued at USD 4.3 billion in the historical period that ended 2018 and is projected to grow with a CAGR of about 3.2% during the forecast period. The global growth of the denim garment industry is driven by the increased use of stretchable jeans among the young population and online retail discounts. Moreover, rapid urbanization in developing countries such as China, India, Brazil, Malaysia, the Philippines, and South Africa is expected to drive the growth of the denim fabric market during the ongoing forecast period.
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Market Segmentation
By Type
- Selvedge Denim
- Raw or Dry Denim
- Colored Denim
- Organic Denim
- Denim from Fox Fiber
- Crushed Denim
- Vintage Denim
- Ecru Denim
- Bubble Gum Denim
- Reverse Denim
- Others
By Application
- Clothing
- Accessories
- Homeware
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Regional Analysis
The North American region is expected to grow during the forecast period, primarily driven by the increasing residential construction activity in the US, leading to an increased demand for home décor materials significantly. In 2018, the residential construction segment accounted for a 43% market share 2018 and witnessed a growth of 7% compared to 2017. There has been a shifting preference for modern denim fabric arts in draperies or curtains is likely to drive the market growth.
Led by Germany, the UK, Spain, and Italy, the European premium denim fabric market is expected to register considerable growth during the review period. In addition, there have been increasing investments for high-quality denim fabrics in accessories are likely to propel the growth of the ongoing forecast period.
Some prominent market players are as follows:
- Kuzgunlar Textile (Turkey)
- Xingtai H & J Textiles Co Ltd (China)
- ADM Denim (Pakistan)
- KILIM GROUP (Turkey)
- KUROKI CO. LTD (Japan)
- NASEL TEXTILE (Turkey)
Industry News
In 2019, the global average denim fabric price ranged between USD 8.5 and USD 9.4 per meter. The price of denim fabric fluctuated between 2014 and 2018, primarily due to the fluctuation in raw material prices such as cotton. Furthermore, the continuous use of pesticides and water for irrigation in cotton farming is also expected to hurt the product prices of denim fabric.
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