The broadwoven manmade fiber fabrics market in the US, excluding rayon, acetate, and lyocell, is projected to experience a consistent decline from $818.38 million in 2024 to $743.61 million in 2028. This reflects a year-on-year decrease of approximately 2.4% on average. In the most recent year of data (2023), actual sales figures stood at $837 million, highlighting a downward trend starting from 2024. The compound annual growth rate (CAGR) over the 5-year forecast period is estimated at -2.0%, indicating a gradual contraction in the market.
Future trends to watch:
- Technological innovations and sustainability trends may influence synthetic fiber usage.
- Potential market shifts due to changes in consumer preference for eco-friendly materials.
- Evolving trade policies and regulations that could impact import-export dynamics.
- Fluctuations in raw material costs and supply chain disruptions affecting production costs.
