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Global Lace Fabric Market Insight May 11, 2022 Comments

The Global Lace Fabric Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period. According to the WK-chem Research “Global Lace Fabric Professional Survey Report 2022, Forecast to 2027”, With the progress of the times and the improvement of people’s consumption level, consumers’ pursuit of clothing and decoration is getting higher and higher. The growth of market demand has promoted the development of lace fabrics. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.1% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“Lace fabrics are deeply loved by consumers as decoration, but there are many market operators of lace fabrics, the quality of enterprise products is uneven, and there is no strict product standard in the industry. There are many problems that need to be paid attention to in the maintenance of lace products. When designing lace patterns, enterprises should consider studying and improving the characteristics of lace products to expand market demand.”, said Doris, Senior analyst, WK-chem Research.

Market insight:
Lace is a delicate, weblike fabric that textile producers can manufacture using a wide range of techniques. Varying significantly in complexity, different types of lace are commonly used to accentuate or decorate garments, upholstery, and homewares, and this fabric is only rarely used to make entire textile products. Traditionally, lace usually consisted of silk or linen threads, and some textile artisans even made this fabric using gold or silver thread. In contemporary times, however, cotton has become the most popular fabric for lace production, and some manufacturers use synthetic fibers like polyester or rayon to make lace. Prized for its delicacy and complexity, lace has been associated with sensuality and beauty for centuries. Therefore, this fabric remains a common component of women’s garments including lingerie. Lace is an equally popular textile for accents on upholstery and other forms of home decor. Due to its intricacy, lace fabric is usually reasonably expensive, and handmade types of lace, such as needled race, can be incredibly pricey. Affected by the epidemic, people’s shopping and consumption activities have decreased, and the demand for lace products has declined. The production of enterprises was forced to be interrupted and operations were hindered, resulting in an economic downturn.

Competition Landscape:
The lace fabric industry market is fragmented, and there are few leading companies. Some of the major players in the Lace Fabric market are KC Astir & Co. Pvt. Ltd., Hangzhou Dobest Lace, Fabricsnlaces, Litmans, Sinem Tekstil Brode, HANS INDUSTRY, Shanghai Yaoyu Textile, Ningbo MH Industry, Lauma Fabrics.

Segmentation of Lace Fabric Market:
On the basis of types, the market is segmented into cotton lace and chemical lace. Cotton lace is a type of fabric made from cotton. It can be used to create beautiful clothes, curtains, and other types of fabrics for decoration purposes. It is also used in making tablecloths, sheets, and other types of fabrics for decoration purposes like curtains or upholstery. It can be made out of high-quality cotton that is spun into yarns using traditional machines before being woven into the soft yet strong thread to create this type of beautiful fabric. It has a long life and doesn’t restrict the movements of people who use it, which makes it very popular among consumers. Produced by embroidering a pattern on flimsy fabric that is later removed using chemical agents, chemical lace is one of the simplest and least environmentally friendly types of lace. Newer chemical lace production methods use heat or water instead of chemicals to remove the backer fabric. On the basis of Application, the market is segmented into Dress, Clothes and Lingerie, Tablecloth, Sheets, Curtain & Others. Lace is mainly used as a decorative addition to other textile products. For instance, bridal dresses often feature multiple lace segments, and it’s also relatively common to add lace to other formal and informal women’s garments. In addition to being featured in lingerie, it’s sometimes possible to find lace in women’s gloves, socks, and sweaters. It not only adds style to your dress but also provides comfort with an excellent fit. The lace fabric is used in tablecloths for decoration purposes. It adds beauty and flair to the look of a dining table as it gives an ornamental appearance. With lace, you can give your room or house a classic touch that will make it appear elegant and expensive without spending much on decorating accessories like curtains or wallpapers.

Lace Fabric Market: Regional Analysis
On the basis of region, the market is segmented into Asia Pacific, Europe, and North America. The Asia Pacific will be the fastest-growing market. Demand for fine and smooth fabrics has been on an upswing over the last few years, especially from countries like China, India, Japan & South Korea. This trend will continue as lace garments are extensively used for wedding gowns & evening dresses. Since China produces more textile products than any other country, this nation holds the distinction of being the world’s most prolific producer of lace. And certain factories in France and the Netherlands have produced lace for centuries, and Italy also retains its status as a notable producer of lace. American factories also produce small quantities of this beautiful and delicate textile.

Cagr: 5.1%
Largest share area:Asia Pacific
Largest share country:China
Product Type:cotton lace and chemical lace
Application:Dress, Clothes and Lingerie, Tablecloth, Sheets, Curtain & Others
Leading Company:KC Astir & Co. Pvt. Ltd., Hangzhou Dobest Lace, Lauma Fabrics, Shanghai Yaoyu Textile, Litmans