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The textile manufacturing market share in Brazil is expected to increase by USD 7.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.82%.
This textile manufacturing market in Brazil research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers textile manufacturing market in Brazil segmentation by application (fashion, technical, household, and others) and product (natural fibers, polyesters, nylon, and others). The textile manufacturing market in Brazil report also offers information on several market vendors, including Evora SA, Fabricato SA, H and M Hennes and Mauritz GBC AB, Hyosung Corp., Merrow Sewing Machine Co., Pettenati Industria Textil SA, Santana Textiles Group, Santista Argentina SA, Springs Global, Toray Industries Inc., and Vicunha Textil SA among others.
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The premiumization through well-positioned brands is notably driving the textile manufacturing market growth in Brazil, although factors such as fluctuating crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the textile manufacturing industry in Brazil. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Textile Manufacturing Market Driver in Brazil
One of the key factors driving the textile manufacturing market growth in Brazil is the premiumization through well-positioned brands, such as Gap, H&M, Inditex (ZARA), Kering, and LVMH. The price of premium apparel is quite high compared with non-branded apparel, and several premium textile manufacturing companies are expanding in Brazil. Textile manufacturers operating have started focusing on expanding their presence in the luxury segment to cover the full spectrum of apparel, from top-wear to bottom wear. These factors are driving the demand for premium apparel, which, in turn, will boost the growth of the textile manufacturing industry in Brazil during the forecast period.
Key Textile Manufacturing Market Trend in Brazil
Growing demand for nanofibers in the medical industry is one of the key Brazil textile manufacturing market trends that is expected to impact the industry positively in the forecast period. Nanofibers are manufactured using biocompatible or biodegradable materials and have a high surface area and porosity, which helps enhance the adhesion of cells as well as various proteins and drug molecules. These attributes make them superior to their micro and macro counterparts composed of the same materials. Thus, nanofibers are used in the medical industry for tissue engineering, wound healing, and drug delivery. In tissue engineering, nanofiber materials are used as substrates for growing cells. Therefore, the growing demand for nanofibers in the medical industry will further support the textile manufacturing industry in Brazil in the coming years.
Key Textile Manufacturing Market Challenge in Brazil
One of the key challenges to the textile manufacturing market growth in Brazil is the fluctuating crude oil prices. For instance, in 2021, the crude oil average price was projected to be USD 60 per barrel, and oil production was expected to be 1.9 million barrels/day in 2022 in Brazil. However, in 2021, crude oil prices fell with the outbreak of the COVID-19 pandemic, and the price was pegged at USD 42.1 in 2021. These fluctuations have impacted the prices of methylene diphenyl diisocyanate and toluene diisocyanate, which are used in the manufacturing of textiles. This has compelled vendors to adopt various cost-cutting measures, such as reducing discretionary operational expenses and forcing suppliers to reduce their costs. Such factors may limit the market growth during the forecast period.
This textile manufacturing market in Brazil analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the textile manufacturing market in Brazil as a part of the global textiles market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the textile manufacturing market in Brazil during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the textile manufacturing market in Brazil encompasses successful business strategies deployed by the key vendors. The textile manufacturing market in Brazil is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The textile manufacturing market in Brazil forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the textile manufacturing market in Brazil, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The textile manufacturing market share growth in Brazil by the fashion segment will be significant during the forecast period. The high demand for fashion accessories such as apparel, shoes, innerwear, and clothing materials for men, women, and children will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the textile manufacturing market size in Brazil and actionable market insights on the post-COVID-19 impact on each segment.
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Textile Manufacturing Market Scope in Brazil |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.82% |
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Market growth 2022-2026 |
$7.35 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
2.55 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Evora SA, Fabricato SA, H and M Hennes and Mauritz GBC AB, Hyosung Corp., Merrow Sewing Machine Co., Pettenati Industria Textil SA, Santana Textiles Group, Santista Argentina SA, Springs Global, Toray Industries Inc., and Vicunha Textil SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Product
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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