The fibers, 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. The fiber, yarn, and thread mills market includes Fiber Mills, Yarn Mills and Thread Mills. 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 and purchased fibers Hemp bags and ropes.
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The global yarn, fiber and thread manufacturing sector is valued at $318 billion in 2017 due to the demand of upcoming artificial fibers, such as synthetic fibers have the stronger tensile strength and fulfill the same purpose as natural fibers. Asia Pacific was the largest region in the yarn, fiber, and thread manufacturing market in 2017, with nearly three-fourths of market share
The yarn, fiber, and thread manufacturing market in The Business Research Company’s report are divided into two segments. The regular segment takes almost four-fifths of market share and the special segment takes the remaining share.
China was the largest country in the yarn, fiber, and thread manufacturing market in 2017, accounting for more than two-fifths of the market share. This is due to high presence of fabrics, apparel manufacturing and home furnishings manufacturing companies. China was followed by India and the USA.
The top four competitors in the yarn, fiber, and thread manufacturing market are Toray Industries Inc., Indorama Corporation Pte. Ltd., Weiqiao Textile Company, and Far Eastern New Century. Toray was the biggest player in the market in 2017. The company is an integrated chemical industry company. It engages in processing, manufacturing, and sale of various composite materials, resins, plastics, ceramics, films, medical products and electronics, and specializes in industrial products and technologies in polymer chemistry, organic synthetic chemistry and bio chemistry.
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