South Korea Textile Market Size, Share, and COVID-19 Impact Analysis, By Product (Natural Fibers, Polyesters, Nylon, and Others), By Raw Material (Cotton, Chemical, Wool, Silk, and Others), and South Korea Textile Market Insights, Industry Trend, Forecasts to 2035

South Korea Textile Market Insights Forecasts to 2035

• The South Korea Textile Market Size was estimated at USD 32.8 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 4.00% from 2025 to 2035
• The South Korea Textile Market Size is Expected to Reach USD 50.5 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Textile Market is anticipated to reach USD 50.5 billion by 2035, growing at a CAGR of 4.00% from 2025 to 2035. The major factors propelling the market include ongoing technological innovation, sustainable practices, a thriving fashion industry, government support, health-conscious consumer demands, e-commerce integration, a skilled workforce, and growing adoption of Industry 4.0.

Market Overview

The South Korea textile market encompasses the manufacturing, distribution, and innovation of textiles and materials, such as technical textiles, polyesters, nylons, and natural fibers, are all included in the South Korean textile market. Technology developments, sustainability initiatives, and the growing need for high-performance textiles are driving the market. South Korea is a major producer of fashion fabrics, industrial textiles, and environmentally friendly materials, with a focus on biodegradable textiles and fiber-to-fiber recycling. Additionally, the market is expanding as a result of government assistance and advantageous laws, such as tax breaks, subsidies, and programs that support the textile industry. In addition, the government's emphasis on bolstering intellectual property rights has derived market expansion by promoting innovation in the textile sector. Moreover, profitable prospects for market expansion are being presented by the emergence of e-commerce platforms and digitalization, which make a variety of textile products easier to access through online retail channels. The market is also being driven by the nation's highly skilled labor force and the implementation of Industry 4.0 technologies, like automation and data analytics, which improve production efficiency and quality control in the textile manufacturing processes.

Report Coverage

This research report categorizes the market for the South Korea textile market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea textile market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea textile market.

Driving Factors

The country's advantageous geographic position and established trade ties that promote global trade are making it easier to export textiles to a variety of international markets, which is encouraging for market growth. The market is also expanding as such of rising demand and awareness for eco-friendly and sustainable practices, which is encouraging the use of eco-friendly textiles and environmentally conscious manufacturing techniques. Accordingly, the fashion industry's rapid expansion as the nation continues to draw attention from around the world for its significant fashion trends is increasing domestic consumption and propelling South Korean textile exports to satisfy the demand for stylish, high-quality fabrics worldwide.

Restraining Factors

The development of high-value technical textiles remains a challenge for South Korean textile companies, despite progress in some areas. The industry is currently torn between more technologically advanced countries like Japan and Germany and lower-cost rivals like China. This disparity makes it more difficult to take advantage of new markets for specialty textile applications.

Market Segmentation

The South Korea textile market share is classified into product and raw material.

• The polyester segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea textile market is segmented by product into natural fibers, polyesters, nylon, and others. Among these, the polyester segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to cost-effectiveness, robustness, and adaptability are its main advantages, which make it a popular option for industrial, home textile, and clothing applications.

• The cotton segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea textile market is segmented by raw material into cotton, chemical, wool, silk, and others. Among these, the cotton segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is motivated by its extensive use in industrial, home textile, and clothing applications.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea textile market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hyosung TNC Corp
• Kolon Materials, Inc.
• Hansoll Textile
• Taekwang Industrial
• LF Corp
• Others

Recent Developments:

• In August 2024, South Korea unveiled its Textile and Fashion Industry Competitiveness Strategy, aiming to effectively respond to the rapid growth of the industrial textile market, the accelerating demand for eco-friendly transitions led by advanced countries, and the diffusion of digital transformation across all areas, including product planning, production, and logistics.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Textile Market based on the below-mentioned segments:

South Korea Textile Market, By Product

• Natural Fibers
• Polyesters
• Nylon
• Others

South Korea Textile Market, By Raw Material

• Cotton
• Chemical
• Wool
• Silk
• Others