United States Textile Market Overview
Market Size in 2024: USD 188.3 Billion
Market Forecast in 2033: USD 277.4 Billion
Market Growth Rate: 4.1% (2025-2033)
According to the latest report by IMARC Group, the United states textile market size was valued at USD 188.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 277.4 Billion by 2033, exhibiting a CAGR of 4.1% from 2025-2033.
United States Textile Industry Trends and Drivers:
The primary growth of the United States textile industry is the new advancement made in material technologies and the rise of demand for sustainable fabrics. An important factor attributing to this demand is the inclination toward eco-friendliness in textiles for both consumers and manufacturers, giving rise to an increased production of textiles made from recycled or renewable sources. This tends to promote the rise of sustainable fashion, which is becoming popular among environment-conscious consumers. The adoption of newer technologies where textile manufacture, such as the production of biodegradable fabrics and 3D knitting, is rendering the industry closer to achieving its sustainability goals while improving the quality of the products. These advances not only respond to consumer whims but also promise a different future for textile production in the United States.
Another important aspect of growth in the textile market is the requirement for high-quality fabrics in the fashion and clothing industries. The fast and very frequent-changing mode of fashion not only needs these products but also continues to propel the introduction of different varieties of textiles suited for both natural fibers such as cotton and wool but also synthetic options such as polyesters and nylons to support the demands of customers and designers. The growth in market contribution has also come from increasing applications adopted by technical textiles in other industries such as healthcare, automotive, and military. They are particularly important in applications where these textiles now provide very unique properties: durability, flexibility, or performance against any environmental impact.
In addition, changing dynamics among household consumers have been contributing further to the growth of the U.S. textile market. As spending on residential furnishings increases, there is ever-increasing demand for textiles providing both comfort and aesthetics. Sophisticated fabrics for home design, such as upholstery, curtains, and bedding, are being further sought by consumers who desire durability combined with design. The ravenous consumption in this sector of the economy is also driven by developments in apparel arising from the swirling fashion trends and the need for high-performance, functional fabrics. As such developments continue to ripen in the coming years, the U.S. textile market will keep pace and provide excellent opportunities for innovative and growing companies.
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United States Textile Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Raw Material:
- Cotton
- Chemical
- Wool
- Silk
- Others
Breakup by Product:
- Natural Fibers
- Polyesters
- Nylon
- Others
Breakup by Application:
- Household
- Technical
- Fashion and Clothing
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- 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.
- The U.S. textile market's competitive landscape features a mix of established industry leaders and innovative startups. Key players include large manufacturers like Milliken & Company and VF Corporation, renowned for their extensive product lines and global reach. The market is also characterized by technological advancements, with companies investing in smart textiles and sustainable materials. Competition is intense, driven by constant innovation, cost efficiency, and the ability to meet changing consumer demands. The presence of numerous small to medium enterprises adds to the competitive dynamics. For instance, in December 2022, Milliken & Company, a global textile manufacturer with over 70 locations worldwide, announced plans to expand its operations in Cherokee County. This $27.4 million investment is expected to create 75 new jobs.
United States Textile Market News:
- In February 2023, Huntsman Corporation announced the completion of the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. The purchase price was set at USD 593 million in cash, plus assumed pension liabilities. Huntsman anticipates net after-tax cash proceeds of approximately USD 540 million, pending customary post-closing adjustments.
- In February 2024, HUESKER Group, the Roseville-based textile manufacturer announced its plan to expand its market reach by establishing its subsidiary in South Africa. By registering a subsidiary and moving into warehouse and office premises, the company stated that it is consolidating its existing business in the region.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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