North America Recycled Textile Market

North America Recycled Textile Market Forecast to 2027 - COVID-19 Impact and Analysis- By Type (Recycled Cotton, Recycled Wool, Recycled Polyester, Recycled Nylon, and Others), By End-user Industry (Automotive, Retail, Mining, and Others)

Publication Month: Jan 2021 | Report Code: TIPRE00017952 | No. of Pages: 86 | Category: Chemicals and Materials | Status: Published
Covid

The recycled textile market in North America is expected to grow from US$ 1559.00 million in 2019 to US$ 2575.39 million by 2027; it is estimated to grow at a CAGR of 6.6% from 2020 to 2027.

U S, Canada, and Mexico are the major economies in North America. Rapid growth of the retail and automotive industry will boost its demand in the market. Textile and apparel retail industries are considered to be one of the fastest-growing industries, which significantly contribute towards the growth of the economy. The move towards worldwide retailing or remote shopping has driven the growth of fashion, textiles, and apparel industries, enabling customers to increasingly demand textile products. For instance, during the last 15 years, the production clothing for retail purposes have nearly doubled which is attributable to shift in consumer lifestyle coupled with increase in disposable income and rise in per capita sales in developing and developed economies. Further, the rise in foreign direct investments by leading manufacturers across emerging economies is also stipulating the demand for better form of textile products. All such factor has resulted in growth of retail industry in clothing and textile sector. The growth of these sectors is expected to generate more textile wastes, thereby, generating the demand for recycling of textile. Apart from clothing and apparel industries, automotive industry is also expected to positively influence market demand for recycled textile. The growth of automotive industry along with increased focus towards aesthetics of passenger vehicle and increased consumer spending towards vehicle appeal are altogether generating the demand for automotive textile products such as seat belt, nylon tyre cord, upholstery, car seat and body covers, automotive carpets, sunvisors/sunblinds and airbags and others. It has led to increased amount of automotive textile waste which generates the needs to be recycled. Thus all these factors are expected to positively impact its market growth.

 

 

 

 

 

The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the North America recycled textile market is expected to grow at a good CAGR during the forecast period.

 

North America Recycled textile Market Revenue and Forecast to 2027 (US$ Mn)

 

North America Recycled textile Market Segmentation

 

North America Recycled textile Market – By Type

  • Recycled Cotton
  • Recycled Wool
  • Recycled Polyester
  • Recycled Nylon
  • Others

 

North America Recycled textile Market – By End- user Industry

  • Automotive
  • Retail
  • Mining
  • Others

North America Recycled textile Market, by Country

  • US
  • Canada
  • Mexico

North America Recycled textile Market-Companies Mentioned

  • Kishco Group
  • Hyosung Corporation
  • Leign Fibers Inc
  • Martex Fiber Southern Corporation

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Recycled Textiles Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        North America PEST Analysis

4.3         Expert Opinion

5.           Recycled Textiles Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Concerns Related to Disposal of Textile Waste

5.1.2        Rapid Growth of the Retail and Automotive Industry

5.2         Market Restraints

5.2.1        High Processing Cost and Lower Quality of Recycled Textile

5.3         Market Opportunities:

5.3.1        Shift Towards Sustainability along with Eco-friendly Initiatives by Manufacturers

5.4         Future Trends:

5.4.1        Technological Advancements in Recycling Process

5.5         Impact Analysis

6.           Recycled Textile– North America Market Analysis

6.1         Recycled Textile Market Overview

6.2         Recycled Textiles Market–Revenue and Forecast to 2027 (US$ Mn)

7.           Recycled Textile Market Analysis – By Type

7.1         Overview

7.2         North America Recycled Textiles Market, By Type (2019 and 2027)

7.3         Recycled Cotton

7.3.1        Overview

7.3.1.1          Recycled Cotton: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

7.4         Recycled Wool

7.4.1        Overview

7.4.1.1          Recycled Wool: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

7.5         Recycled Polyester

7.5.1        Overview

7.5.1.1          Recycled Polyester: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

7.6         Recycled Nylon

7.6.1        Overview

7.6.1.1          Recycled Nylon: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

7.7         Others

7.7.1        Overview

7.7.1.1          Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

8.           Recycled Textiles Market Analysis – By End User Industry

8.1         Overview

8.2         North America Recycled Textiles Market, By End User Industry (2019 and 2027)

8.3         Automotive

8.3.1        Overview

8.3.2        Automotive: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

8.4         Retail

8.4.1        Overview

8.4.2        Retail: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

8.5         Mining

8.5.1        Overview

8.5.2        Mining: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

8.6         Others

8.6.1        Overview

8.6.1.1          Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

9.           Recycled Textile Market – Country Analysis

9.1         Overview

9.1.1        North America: Recycled Textile Market, by Key Country

9.1.1.1          US: Recycled Textile Market–Revenue, and Forecast to 2027 (US$ Mn)

9.1.1.1.1          US: Recycled Textile Market, by Type

9.1.1.1.2          US: Recycled Textile Market, by End-User Industry

9.1.1.2          Canada: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)

9.1.1.2.1          Canada: Recycled Textile Market, by Type

9.1.1.2.2          Canada: Recycled Textile Market, by End-User Industry

9.1.1.3          Mexico: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)

9.1.1.3.1          Mexico: Recycled Textile Market, by Type

9.1.1.3.2          Mexico: Recycled Textile Market, by End-User Industry

10.        Impact of COVID-19 Pandemic on North America Recycled Textile Market

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Merger and Acquisition

11.2      New Product Development

12.        Key Company Profiles

12.1      Kishco Group

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.2      Hyosung Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Leign Fibers Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Martex Fiber Southern Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

 


LIST OF TABLES

Table 1.             North America Recycled Textiles Market –Revenue and Forecast to 2027 (US$ Mn)

Table 2.             US: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)

Table 3.             US: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)

Table 4.             Canada: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)

Table 5.             Canada: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)

Table 6.             Mexico: Recycled Textile Market, by Type –Revenue and Forecast to 2027 (US$ Mn)

Table 7.             Mexico: Recycled Textile Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Mn)

Table 8.             Glossary of Terms, North America Recycled Textile Market

 


LIST OF FIGURES

Figure 1.           Recycled Textiles Market Segmentation

Figure 2.           Recycled Textiles Market Segmentation – By Country

Figure 3.           North America Recycled Textiles Market Overview

Figure 4.           Recycled Polyester Segment Held Largest Share of North America Recycled Textiles Market

Figure 5.           US Country Held Largest Share of North America Recycled Textiles Market

Figure 6.           North America Recycled Textiles Market, Industry Landscape

Figure 7.           North America PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Impact Analysis of Drivers and Restraints

Figure 10.        North America Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 11.        North America Recycled Textiles Market Revenue Share, by Type (2019 and 2027)

Figure 12.        North America Recycled Cotton: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 13.        North America Recycled Wool: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 14.        North America Recycled Polyester: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 15.        North America Recycled Nylon: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 16.        North America Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 17.        North America Recycled Textiles Market Revenue Share, by End User Industry (2019 and 2027)

Figure 18.        North America Automotive: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 19.        North America Retail: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 20.        North America Mining: Recycled Textiles Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 21.        North America Others: Recycled Textiles Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 22.        North America: Recycled Textile Market Revenue Share, by Key Country (2019 and 2027)

Figure 23.        US: Recycled Textile Market–Revenue, and Forecast to 2027 (US$ Mn)

Figure 24.        Canada: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 25.        Mexico: Recycled Textile Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 26.           Impact of COVID-19 Pandemic in North American Country Markets

Some of the leading companies are:-

  1. Kishco Group
  2. Hyosung Corporation
  3. Leign Fibers Inc
  4. Martex Fiber Southern Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Recycled Textile market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Recycled Textile market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Recycled Textile market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
TIPRE00017952
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