Increase in government initiatives to promote domestic textile production is significantly boosting the textile raw materials market in the United States

“U.S. Textile Market Data Review”

Rising investment by textile companies, promotion of domestic textile production and rapid urbanization drive the growth of the textile raw materials market in the United States

Textile raw materials are materials consisting of fine fibers and filaments that are processed into yarns and woven into fabrics. In the textile industry, raw materials play an important role in the continuous production of high-quality fabrics and they are selected according to the companies manufacturing facility, i.e. they have a factory of composites or only a spinning, weaving, dyeing finish. Fabrics such as cotton, wool, silk, jute, and synthetic fibers such as polyester nylon are some of the raw materials commonly used for making textiles, especially garments and garments. Countries tend to achieve strong and steady growth when they have adopted certain measures to improve their efficiency and take initiatives to support companies in their ascent. The US government has taken some measures to boost US textile production, which will have a positive impact on the industry’s revenue and production volume. For example, in 2021, the US government launched a new waiver process in its Buy America Act, which will allow US companies competing for government contracts to review requests for waivers in the Buy America Act. Such a new waiver process will encourage domestic textile production and stimulate more investment in US textile manufacturing, thereby increasing the volume of textile production in the United States. Therefore, the increase in production volume will lead to increased use of raw materials, adding more growth to United States textile raw materials market was valued at US$5,375.6 million in 2016 and increased to US$6,760.0 million in 2020.

The United States plays a vital role in the world cotton market as it is one of the leading fiber producers and exporters. Cotton as a raw material has great applicability in various textile items such as it has major use in making various kinds of garments and garments, in home textile it is used for curtains, cushions , curtains, rugs, etc. and in medical textiles, it is used for the manufacture of sanitary products, surgical covers, etc. Such consumption of cotton in the above-mentioned sectors makes it a necessary textile raw material and the increase in demand for cotton will lead to an increase in its production. The United States is the world leader in textile research and development, with the American textile complex developing next-generation textile materials such as electronic textiles capable of monitoring heart rate and other vital signs, antimicrobial fibers, vital bulletproof vests and new fabrics that adapt to the climate. to make the wearer warmer or cooler. Such rapid developments in the textile sector will result in more efficient use of raw materials for the manufacture of next-generation textile products.

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Countries in the North American region like Mexico and Canada are some of the largest markets for the US textile and apparel sector. In 2020, the United States-Mexico-Canada Agreement replaced the North American Free Trade Agreement and provided more opportunities for the United States to export its textile materials. such as fabrics and fibers. For example, according to the United States, the International Trade Commission of Mexico and Canada were the top importers of U.S. textiles and apparel, accounting for up to 36.3% in 2020. Additionally, fabrics, apparel and miscellaneous textile products made up the bulk of the United States. exports to Canada and Mexico, these two destinations representing 55.0% of fabric exports, 51.6% of clothing exports and 45.1% of miscellaneous textile product exports. The growing demand for US-made textiles and apparel in these major North American countries will have a positive impact on US textile production, which will also lead to an increase in the US textile raw materials market.

The dress style of American society is elective and mostly informal, which is why various cultural roots are reflected in their clothing. Fashion is a product of the modern age and with rapid urbanization, increasing disposable income and growing demand for quality clothing like tops, pants, shirts from big companies like Code Denim, American Eagle, Vetta, Valani, Sira, etc. the consumption of fashionable textile items has also increased. For example, according to the Bureau of Economic Analysis, spending on fashion items, including clothing and footwear, increased by up to 62.48% in the second quarter of 2021 in the United States, compared to 2.26% for the same period in 2019. Clothing items are a major part of the fashion industry and the growing consumption of these items will cause big companies like Code Denim, American Eagle to increase their production, thus increasing the use of raw materials , further driving the growth of the textile raw materials market in the United States.

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US Textile Raw Materials Market Growth – Drivers

Increase in consumer demand for textile and clothing items

The United States is among the leading countries like France, Italy, UK, and Japan where fashion and clothing business is of utmost importance as it displays an individual’s identity in front of the world. The American consumer is very particular about his clothing style and this differs from one city to another. Fast fashion is becoming mainstream due to the faster manufacturing method, increased consumer appetite for up-to-the-minute styles, and increased purchasing power, especially among young people. Online shopping has changed the buying trend of consumers from traditional stores to online retail platforms. The growing popularity of US-made textile products has led to increased consumer demand in other major countries for these products, which has increased exports of US textiles and apparel. According to the Office of Textiles and Apparel, U.S. textile and apparel exports grew 18.62% year-over-year in the first ten months of 2021, posting an increase of 18.803 billion dollars from January to October 2021 against 15.850 dollars. billion in 2020. According to the U.S. Department of Commerce, online apparel sales in the United States in 2020 accounted for 46% of total apparel sales and helped the U.S. apparel segment stay afloat during a pandemic. In such an environment, the increase in the production of textiles in the United States has increased the utilization of raw materials and fabrics, thereby driving the growth of the textile raw materials market in the United States.

Key players in this market include

The major companies in the US textile raw materials market are Herrschners Inc., Spinrite Inc., Champion Thread Co., Safety Components, Standards Textile Co. Inc, Cone Denim, American Silk Mill, Lion Brand Yarn Company, Elevate Textiles, American & Efird. The primary focus of companies has shifted to acquiring and launching products.

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Textile market

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