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.
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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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sample of the report at:
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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