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Maturity of the market in areas such as Europe and North America, as well as growth of the market in developing regions, has led to the market being increasingly driven by high disposable incomes. Increasing disposable incomes, especially in the developing regions, has led to a preference for high quality fabrics with improved characteristics over cotton. Linen is a common choice for such customers, especially in hot and humid climates due to its cool touch and quick drying properties.
Grasim Industries Limited (NSE: GRASIM) is a leading textile manufacturing company from India and is launched a new line of linen-blended apparels to be known as Mazury by Diwali in November 2020, a key festival in the country. Leading American fashion company Ralph Lauren Corporation (NYSE: RL) launched a new product line of home décor products under its brand Ralph Lauren Home which includes several linen upholstery options. The above investments in the industry indicate growth potential in the global linen fabric industry and project increased production capacities during the forecast period of 2021-2026.
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The major players in the global linen fabric market are World Linen & Textile Company Inc, Grasim Industries Limited, China Linen Textile Industry Ltd, Ralph Lauren Corporation, Flax Company SARL, Northern Linen BV, and Libeco NV, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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