Textile Market size is estimated to be USD 1.4 trillion in 2024 and is expected to reach USD 2.25 trillion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The South Korean textile market is one of the most dynamic and evolving sectors within the nation's economy. Driven by robust demand across both domestic and international fronts, the market has seen continuous growth and transformation in recent years. This surge is fueled by industrial requirements for diverse textiles ranging from raw materials to finished products. South Korea's textile market serves a vast array of industries, including apparel, automotive, healthcare, and interior design, among others. The rapid innovation and adoption of advanced technologies, such as smart fabrics and eco-friendly textiles, have further propelled its importance in the global marketplace.
Industries in South Korea are constantly seeking high-quality textile products that meet specific needs, such as durability, functionality, and sustainability. For instance, the automotive industry requires textiles that offer high strength, lightweight properties, and resistance to extreme conditions. Similarly, the healthcare sector demands textiles that are hygienic, breathable, and resistant to contaminants, often incorporating antimicrobial properties in their designs. The demand for sustainable, eco-friendly textiles has also soared, with industries pushing for materials that are biodegradable or made from recycled fibers to reduce environmental impact.
The South Korean textile market is also influenced by the country's strong export-driven economy. As global demand for quality textiles continues to rise, South Korea’s position as a key exporter of both raw and processed textiles remains integral. Key textile products include synthetic fibers, which are widely used in the manufacturing of everything from clothing to industrial components. Additionally, with technological advancements, South Korea has become a hub for the development of innovative textiles, such as wearables and performance fabrics, that are gaining popularity globally.
The market’s evolution is closely tied to the demands of these industries for textiles that are not only functional but also meet the high standards of safety, comfort, and environmental sustainability. Textile manufacturers in South Korea continuously adapt to these evolving requirements, ensuring that the country remains at the forefront of the global textile market. As such, the South Korean textile market has proven to be a vital player in the global textile industry, characterized by its agility, innovation, and commitment to meeting diverse industrial needs.
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INVISTA
Lu Thai Textile Co. Ltd.
Paramount Textile Group
Paulo de Oliveira
S.A.
Successori Reda SpA
Shandong Jining Ruyi Woolen Textile Co Ltd.
Sinopec Yizheng Chemical Fiber Company Ltd.
China Textile (Shenzhen) Co. Ltd
Rhodia Polyamide
Honeywell International
Li & Fungs Group
Bombay Dyeing
Grasim Industries
Modern Woolens
Mayur
JCT Limited
BSL
Fabindia
Shandong Demian Incorporated Company
Shijiazhuang Changshan Textile Co Ltd
Weiqiao Textile Co Ltd
Dyed Melange Yarn Co Ltd
Lu Thai Textile Co Ltd
DBL Gro
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Textile Market
Natural Fibers
Synthetic Fibers
Blended Fibers
Apparel
Home Textiles
Industrial Textiles
Technical Textiles
Floor Coverings
Cotton
Wool
Synthetic Fibers
Silk
Linen
Clothing
Medical Textiles
Agricultural Textiles
Protective Clothing
Automotive Textiles
Fashion & Apparel
Healthcare
Automotive
Home Furnishing
Construction
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Textile Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Textile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Textile Market, By Type
6. South Korea Textile Market, By Application
7. South Korea Textile Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Textile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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