Synthetic Fibers Are Increasingly Wanted.
The demand for synthetic fibers is mainly driven by increasing applications of synthetic fibers in the apparel and the construction industry. Synthetic fibers give specific characteristics such as thermal insulation, low soiling characteristics, which can be modified for a wide range of products such as table cloths, napkins, curtains and carpets. They are also being used in new areas of application such as roof insulation, geotextiles for stability of roads, walls and dams. Examples of synthetic fibers include nylon, rayon, polyester, polyethylene, polypropylene and acetate
FIBER AND THREAD MANUFACTURING MARKET TO GROW $366 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
The Business Research Company expects the fiber and thread manufacturing market to grow to $366 billion in 2020. Asia was the largest region in the yarn, fiber and thread manufacturing market in 2016, accounting for $199 billion or 77.1% market share. This can be attributed to the presence of many fabrics and apparel manufacturing facilities in the region, which consume these products as raw materials.
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The chart below shows the year-on-year growth of the global yarn, fiber and thread manufacturing market during 2016 – 2020.
According to The Business Research Company’s Manufacturing Consultant, Abdul Wasay, growing consumer awareness of sustainable and ecofriendly products is driving the demand for recycled fibers. Recycled fibers are manufactured by reusing or reprocessing used fibrous material and clothing scraps to produce new high quality products, while reducing waste in the process. The process involves the breaking down and reweaving of products that are not usable to produce new fiber. An example of recycled fiber is the Parachute-Trucker Jacket produced by Levi’s by reusing retired nylon military parachutes.
Among big and small players in the yarn, fiber and thread manufacturing market Toray Industries Inc. was the largest company with revenues of $7 billion in the financial year 2016. Toray Industries’ growth strategy is to focus on business expansion of its growing business fields of fibers, textiles, plastics and chemicals in emerging countries and regions. The company has executed a medium-term management program called Project AP-G 2016 and long-term corporate vision: AP Growth- TORAY 2020 for implementing its growth strategies. The company’s previous programs were successful in expansion of growth business fields.
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The fiber, yarn, and thread mills market primarily engages in the manufacturing and marketing of spinning yarn from fibers; manufacturing of threads for sewing, crocheting, embroidery, and other applications. Some of the key products include animal fiber yarn, spooling, twisting and winding purchased yarn, Beaming yarn Carpet and rug yarn, spinning Cotton spun yarn, Crochet spun yarns, purchased fiber Embroidery spun yarns, purchased fibers Hemp bags and ropes, Knitting yarn, Paper yarn, Spooling yarn, and purchased yarn Wool yarn.
The market is characterized into three segments:
Fiber Mills are engaged in the manufacturing and marketing of fiber products. It offers products through two product segments: natural fiber and synthetic fibers. Fibers are the most basic type of raw material in the textile market. These fibers are categorized into various types based on different criteria.
Yarn Mills include establishments that are engaged in the manufacturing of a wide range of yarn products that are used in various applications. Yarns are made by twisting fibers to form an interlocked continuous length. This process is called as spinning. The spinning process involves various spinning machines such as rink spinning machines and open end spinning machines. The basic process of spinning of yarn products involves carding, combing, drafting, twisting, and winding and the machines involved in these processes are carding machines, winding machines and yarn twisting machines.
Thread Mills are the establishments that manufacture and market a wide range of thread products. All sewn products are made up of thread products. Some of the key thread products are acrylic thread, bedding thread, braided thread, cotton thread, craft thread, crochet thread, elastic thread, embroidery thread, nylon thread, PTFE thread, plastic thread, polyester thread, polypropylene thread, rayon thread, rubber thread, sewing thread, and silk threads.
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