Textile
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The global textile market is expected to develop at a compound annual growth rate (CAGR) of 4.0 percent from 2022 to 2030, with a value of USD 993.6 billion in 2021.
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The growing demand for clothes in the fashion sector, together with the expansion of e-commerce platforms, is likely to boost market development.
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Both the Chinese and Indian economies are predicted to continue strong growth rates over the next decade, which will be a significant driver of both nations' clothing industry development.
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In the near future, technological advancement in the production of novel upholstery items generated from coated textiles and spider silk is projected to bring up new market prospects.