USA: World Market for Textile Materials to Exceed 127 Million Tons

Global market for Textile Materials is projected to exceed 127 million tons by 2010. Demand for textiles is a function of consumers' preference towards consumption for apparel, home furnishings and automotive products.

Additionally, demand is also influenced by a number of demographic factors such as growth in disposable income, consumer confidence levels and other general economic variables.

Global textile fibers market is highly competitive. The market is characterized by decreasing price, wide availability and growing versatility of polyester. Asia-Pacific represents the largest textile materials markets, with sales estimated at 64.3 million tons for 2007. World natural fibers market is projected to reach 29.3 million tons by 2010. Cotton yarn market in the United States is estimated at 3.4 million tons for 2007. Textile materials market in Europe is estimated at 13.7 million tons for 2007.

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