Growing consumer awareness of sustainable and eco-friendly 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 used to produce new fibers. An example of recycled fiber is the Parachute-Trucker Jacket produced by Levi’s by reusing retired nylon military parachutes.
THE BUSINESS RESEARCH COMPANY EXPECTS THE YARN, FIBER AND THREAD MANUFACTURING MARKET TO GROW TO $466 BILLION BY 2021
Asia Pacific was the largest region in the yarn, fiber and thread manufacturing market in 2017, accounting for two-third of the 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.
The chart below shows the year-on-year growth of the global yarn, fiber and thread manufacturing market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, the demand for synthetic fibers is mainly driven by increasing applications of synthetic fibres in the apparel and the construction industry. Synthetic fibres 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 fibres include nylon, rayon, polyester, polyethylene, polypropylene and acetate.
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Toray Industries Inc. was the largest company in the yarn, fiber, thread manufacturing market, with revenues of $8 billion in 2016. Toray Industries’ growth strategy is to focus on business expansion of its growing business fields of fibres, 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
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 fibre yarn, spooling, twisting and winding purchased yarn, beaming yarn carpet and rug yarn, spinning cotton spun yarn, crochet spun yarns, purchased fibre embroidery spun yarns, purchased fibres hemp bags and ropes, knitting yarn, paper yarn, spooling yarn, and purchased yarn wool yarn.
Yarn, Fibre and Thread Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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