The Latin America, Middle East and Africa Home Textiles Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
Curtains & upholstery are one famous home textile types. The upholstery fabrics are deployed to cover furniture like sofas and other seating. In general, these textiles are made up using cotton, linen, leather, and polyester fabrics. The fabric used in upholstery depends on the usage and required level of softness. Window and wall textiles include a wide range of products from curtains to wall coverings. These textiles are easily available in online retail stores as well as local markets which is supporting market growth.
The home textile product which perfectly blend with the theme of home and complement the color of walls & modern furniture of the home. Major manufacturing companies in the market have gained popularity by providing entire sets of luxurious & trendy home textile goods. Along with this, many companies dealing in home textile products are operating online through their own websites and e-commerce platforms. This is anticipated to support the market’s revenue growth, especially through online distribution channels.
The manufacturing of various patterns & creative ideas in home textiles is rising, as a result, of witnessing extensive demand for home textiles to give a vibrant look to homes. Continue enhancements is being witnessed in the western nations in the field of interior designing. Along with the wide usage of textile clothing, home textile is gaining traction in the market. Besides the use of natural fabrics for home textiles such as silk, wool, cotton, and linen, various manmade fabrics are also gaining traction in the market this includes teflon, recron, acrylic, and polypropylene.
Regional nations such as Dubai are the most preferred locations for travellers due to the presence of luxury hotels and restaurants in the nation. Luxury hotels as well as restaurants are more focused on the comfort of the visitors there. Due to this, the demand for home textiles from such hotels is rising with the aim to provide more comfort to visitors as well as to enhance their hotels with a more vibrant and aesthetic look. Moreover, the region’s continuous development is leading to urbanization and modernization. This urbanization is a further rising demand for premium quality home textiles. All this would support the regional market growth.
The Brazil market dominated the LAMEA Home Textiles Market by Country in 2021; thereby, achieving a market value of $2.3 billion by 2028. The Argentina market is showcasing a CAGR of 6.5% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 5.6% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Bedroom Linen, Bathroom Linen, Carpets & Floor coverings and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Home Textiles Market is Predict to reach $165.7 Billion by 2028, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), PPG Industries, Inc., Agropur Dairy Cooperative, Huber Engineered Materials (J.M. Huber Corporation), Kao Corporation, Solvay SA, Univar Solutions, Inc., Cabot Corporation and Brenntag SE.
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