Establishments primarily engaged in weaving fabrics more than 12 inches (30.48 centimeters) in width, wholly or chiefly by weight of silk and manmade fibers including glass. Establishments primarily engaged in weaving or tufting carpets and rugs from these fibers are classified in Industry 2273; those manufacturing tire cord and fabrics are classified in Industry 2296; and those engaged in finishing manmade fiber and silk broadwoven goods are classified in Industry 2262.
The Broadwoven Fabric Mills, Manmade Fiber, and Silk industry (NAICS 2221) is experiencing several key qualitative trends driven by innovation, sustainability, and market demands. Firstly, sustainability is a major trend, with companies increasingly adopting eco-friendly practices such as the use of recycled fibers and water-efficient production processes. This shift is driven by both regulatory pressures and consumer demand for environmentally responsible products.
Secondly, advancements in technology are playing a significant role, with the implementation of smart textiles and digital printing techniques. These innovations allow for greater customization, quicker turnaround times, and reduced waste, meeting the growing demand for fast fashion and unique, personalized products.
Another trend is the strategic focus on nearshoring and reshoring manufacturing operations. This move is aimed at reducing supply chain disruptions and increasing responsiveness to market changes. Companies are prioritizing agility and flexibility, which are crucial in a post-pandemic landscape.
The industry is also witnessing a growing emphasis on collaboration and partnerships. Brands are teaming up with technology firms, research institutions, and even competitors to drive innovation and address common challenges, such as sustainability and cost reduction.
Looking ahead, forecasts suggest that the industry will continue to focus on sustainability and innovation. The adoption of new materials and production techniques will likely accelerate. Additionally, the emphasis on digital transformation will persist, potentially leading to further advancements in efficiency and customization capabilities. The market is expected to grow moderately, driven by increasing global demand for diverse textile applications in fashion, automotive, and home furnishings.
Acetate broadwoven fabrics
Acrylic broadwoven fabrics
Automotive fabrics, manmade fiber
Bedspreads, silk and manmade fiber-mitse
Blanketings, manmade fiber
Canton crepes
Comforters, manmade fiber-mitse
Crepe satins
Draperies and drapery fabrics, manmade fiber and silk-mitse
Dress fabrics, manmade fiber and silk
Duvetyn, manmade fiber and silk
Elastic fabrics, manmade fiber and silk: more than 12 inches in width
Failles
Fiberglass fabrics
Flat crepes
French crepes
Fur-type fabrics, manmade fiber
Georgettes
Glass broadwoven fabrics
Jacquard woven Fabrics, manmade fiber and silk
Leno fabrics, manmade fiber and silk
Lining fabrics, manmade fiber and silk: except glove lining fabrics
Linings, rayon or silk-mitse
Marquisettes, manmade fiber
Modacrylic broadwoven fabrics
Necktie fabrics, manmade fiber and silk: broadwoven
Nylon broadwoven fabrics
Nytril broadwoven fabrics
Paper broadwoven fabrics
Parachute fabrics
Pile fabrics, manmade fiber and silk
Plushes, manmade fiber and silk
Polyester broadwoven fabrics
Polyethylene broadwoven fabrics
Polypropylene broadwoven fabrics
Pongee, manmade fiber and silk
Poplin, manmade fiber
Quilts, manmade fiber and silk-mitse
Rayon broadwoven fabrics
Saran broadwoven fabrics
Satins
Serges, manmade fiber
Shantungs, manmade fiber and silk
Shirting fabrics, manmade fiber and silk
Silk broadwoven fabrics
Slipcover fabrics, manmade fiber and silk
Spandex broadwoven fabrics
Suiting fabrics, manmade fiber and silk
Taffetas
Tapestry fabrics, manmade fiber and silk
Textile mills, broadwoven: silk, and manmade fiber including glass
Textile warping, on a contract basis
Twills, manmade fiber
Typewriter ribbon cloth, manmade fiber
Underwear fabrics, except knit: manmade fiber and silk
Upholstery fabrics, manmade fiber and silk
Velvets, manmade fiber and silk
Vinal broadwoven fabrics
Vinyon broadwoven fabrics
Voiles, manmade fiber and silk
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.