LONDON, Aug. 03, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the fabrics market, and as per its global textile industry overview 2020, growth of the fabrics market in the historic period resulted from rapid growth in the automotive industry, strong growth in emerging markets, low-interest rate environment and urbanization. Factors that negatively affected growth in the historic period were increasing costs and oil price volatility.

The global fabrics market is expected to grow from $165.7 billion in 2020 to $183.9 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is…

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