United States Textile Market

Market Overview:

The United States textile market is projected to exhibit a growth rate (CAGR) of 3.1% during 2023-2028. The innovation in material technologies, fostering advanced textiles with unique characteristics, the emphasis on the creation of environmentally friendly textiles from recycled or renewable resources, and the considerable growth in the apparel and fashion sector demanding high-quality fabrics represent some of the key factors driving the market.

Textile refers to a flexible material comprising a network of natural or artificial fibers, often referred to as thread or yarn. Formed by weaving, knitting, crocheting, knotting, or felting, the characteristics of these materials are determined by the type of fibers used and the process employed in their creation. In general, textiles possess properties such as strength, elasticity, and durability, which can be manipulated by selecting appropriate fibers and manufacturing techniques. These materials find applications across diverse industries, from clothing and home furnishings to medical supplies and industrial equipment. The complex interplay of fibers in a textile allows for absorption, insulation, and resistance to wear, thereby enabling a wide variety of uses. The working mechanism involves the utilization of mechanical and chemical processes to alter and shape the fibers into a functional fabric, employing techniques that have been refined through extensive industrial practice and innovation. In short, textiles play a crucial role in daily life, serving functional and aesthetic purposes across a multitude of sectors.

United States Textile Market Trends:

The market in the United States is primarily driven by innovation in material technologies, fostering advanced textiles with unique characteristics. In line with this, the emphasis on sustainability, particularly in the creation of environmentally friendly textiles from recycled or renewable resources, is further enhancing the market. Moreover, the considerable growth in the apparel and fashion sector, demanding high-quality fabrics, is acting as a significant growth-inducing factor for the market. In addition to this, current trends in home decoration, stringent government regulations promoting quality and safety standards, and continued investments in research and development activities are resulting in positive market expansion. Besides this, the rise in disposable income leading to increased consumer spending on textile goods, strategic collaborations and partnerships between manufacturers, and participation in international trade agreements facilitating foreign market access are creating lucrative opportunities in the market. Also, the rising trend of integration of modern technologies such as automation and digitization in manufacturing processes is impacting the market positively. The market is further driven by the cultural shift towards more open dialogues about the importance of textiles in various industries, including healthcare and industrial applications. Some of the other factors contributing to the market include the increasing influence of global trade dynamics, shifting consumer preferences towards quality and comfort, the increased demand for textiles in medical applications, the growing trend of personalization and customization in textile products with an alignment with modern lifestyles and demands.

United States Textile Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States textile market report, along with forecasts at the country level for 2023-2028. Our report has categorized the market based on raw material, product, and application.

Raw Material Insights:

• Cotton
• Chemical
• Wool
• Silk
• Others
   

The report has provided a detailed breakup and analysis of the market based on the raw material. This includes cotton, chemical, wool, silk, and others.

Product Insights:

• Natural Fibers
• Polyesters
• Nylon
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes natural fibers, polyesters, nylon, and others.

Application Insights:

• Household
• Technical
• Fashion and Clothing
• Others
   

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes household, technical, fashion and clothing, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Textile Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States textile market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States textile market?
• What is the breakup of the United States textile market on the basis of raw material?
• What is the breakup of the United States textile market on the basis of product?
• What is the breakup of the United States textile market on the basis of application?
• What are the various stages in the value chain of the United States textile market?
• What are the key driving factors and challenges in the United States textile market?
• What is the structure of the United States textile market and who are the key players?
• What is the degree of competition in the United States textile market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States textile market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the United States textile market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States textile industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.