North And Central America Textiles Market Size To Reach $ 467.80 Billion By 2030

 San Francisco, 21 Aug 2023: The Report North And Central America Textiles Market Size, Share & Trends Analysis Report By Product (Covered Yarns, Natural Fibers, Polyester, Nylon), By Application, By Region, And Segment Forecasts, 2023 - 2030

The North and Central America textiles market size is expected to reach USD 467.80 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2023 to 2030. Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market growth over the forecast period. The industry works on three major principles, designing, production, and distribution of different flexible materials, such as yarn and clothing. Several processes, such as knitting, crocheting, weaving, and others, are largely used to manufacture a wide range of finished and semi-finished goods in bedding, clothing, apparel, medical, and other accessories.

The U.S. is anticipated to be the largest market in the North America region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest application segment in the region owing to the fast-changing fashion trends due to increasing online fast fashion companies. There has been an increasing trend of smart textiles in the market that use optical fibers, metals, and various conductive polymers to interact with the environment. 

Participants in the North & Central America textile market primarily compete on the basis of product quality, customer service, product pricing, and product innovation. Major companies are focusing on developing a strong distribution network across major geographies in the world to cater to the increasing demand for textiles.

Technical textiles used in construction sector are also known as buildtech textiles. These textiles are used in the construction of house structures, dams, and tunnels. Furthermore, reinforcement of walls, facades, hose wrap, concrete wraps, waterproof membranes, thermal & sound insulation panels, and sewer & pipe linings are the other additional uses of these textiles. Nonwoven glass, polyester fabrics, and acrylic fibers are some of the major raw materials used for the manufacture of technical textiles in construction.

Access Research Report of North And Central America Textiles Market @ https://www.grandviewresearch.com/industry-analysis/north-central-america-textiles-market-report

North And Central America Textiles Market Report Highlights

• The polyester segment is expected to witness a significant growth rate from 2022 to 2030, which can be attributed to the rising demand for polyesters due to different properties, such as high strength, chemical and wrinkle resistance, and quick-drying properties. It is used in both households as cushioning & insulating material in the pillows and in industries for making carpets, air-filters, coated fabrics, and others
• The nylon segment is estimated to register the fastest CAGR, in terms of revenue, over the forecast period. It is widely used in apparel and home-furnishing applications owing to its high resilience, elasticity, and moisture-absorbing properties. In addition, it acts as a substitute for silk-based products, such as women’s stockings, parachutes, flak vests, and various others
• The fashion application segment led the market and accounted for more than 78.6% of the revenue share in 2022 owing to the increased consumer spending on clothing and apparel. In addition, high consumer demand for crease-free suiting & shirting fabrics, as well as quality-dyed & printed fabrics across the globe will drive the segment growth further. An increase in demand for formal & casual wear and other fashionable clothing among all age groups across the globe is the major growth driving factor for the market. Moreover, the growing population and rapid urbanization in the emerging economies, such as India, Bangladesh, Vietnam, and Brazil, are likely to boost the demand for clothing and apparel, thereby positively contributing to the segment growth
• The demand for textiles in the technical segment is expected to grow at a significant CAGR, in terms of volume, over the projected period, owing to its high-performance properties and end-user applications. In addition, increasing application in the construction, transportation, medical, and protective clothing applications have boosted the use of the same, which is consequently driving the textiles market. The use of textiles in different areas of a household is one of the prominent growth driving factors for the household application segment. The segment includes bedding, upholstery, carpets, kitchen cloths, towel, and others. In addition, the high consumption of natural fibers, such as linen and cotton, along with synthetic fibers for manufacturing household textiles is further propelling the segment growth

North And Central America Textiles Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 352.45 billion
Revenue forecast in 2030	USD 467.80 billion
Growth Rate	CAGR of 4.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players in the North And Central America Textiles Market

• Gulford
• Nextil
• Liztex
• Honeywell International Inc.
• Fabrico
• Trelleborg Engineered North & Central America Textile
• Unifi, Inc.
• Albany International Corp.
• INVISTA
• DBL Group

Access Press Release of North And Central America Textiles Market @ https://www.grandviewresearch.com/press-release/north-central-america-textiles-market-analysis