High-Strength Polyester Thread Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4357
High-Strength Polyester Thread Market size is anticipated to gain a high momentum in the projected time period influenced by rising demand from textile industry.
The significance of threads has been increasing in several fields of clothing, packaging products, shoes and leather articles. High-strength polyester thread has good elasticity, high strength, low shrinkage, chemical stability and wear resistance properties. The product is mostly manufactured from polyester filament. Global market for high strength polyester is majorly driven by rising demand from leather & shoes industry. The industry accounts for around 40% of overall consumption of polyester threads globally. The high-strength polyester thread market demand is expected to rise over the forecast period attributed to rising application in various industries.
Rising product demand from textile and leather industry will be major factors driving product demand across the globe. The knotless packaging and strength of the thread makes it suitable to be used in textile industry in various applications including heavy duty stitching, collar stitching and many more. The products manufactured by using these threads are available in many colors as well as packaging options. Additionally, industrial threads are also used in stitching industry for shoe stitching, leather goods, bags, purses and upholstery stitching. The product is used in manufacturing of various sports goods including bag closing & stitching.
The major hindrance in high-strength polyester thread market growth is likely to be posed by negative impact caused by polyester on environment. Polyester manufacturing includes harmful chemicals such as carcinogens which when disposed in water bodies and air without any pre-treatment can result in significant damage to environment. It also requires almost double the energy of other conventional products in manufacturing. Also, one of the major issues in using this synthetic fabric is that they can be humid and sweaty which can be uncomfortable.
On the basis of thread, high-strength polyester thread market is classified into spun polyester, trilobal polyester, multifilament polyester, texturized polyester and poly-wrapped polycore. Spun polyester thread is also known as ‘PP spun’. It is manufactured through spinning of 100% polyester fibers in yarns and later plying of these yarns in a sewing thread. These threads are generally made in two or three plies. Spun polyester is quite economical in manufacturing and in general, has a low cost. The product is highly used in garments as a result of being cost effective in nature and possessing significant performance in sewing in several environments such as in high speed as well as in critical sewing operations.
On the basis of applications, the high-strength polyester thread market is segmented into clothing, packaging products, leather & shoes and others. The others segment covers tents, tarps, awnings and boat covers. Packaging and clothing are significant product applications and hence the market growth shall be highly influenced by growth in these industries. In clothing industry, the product is used in embroidery, sewing and quilting. The retail network and supply chain for clothing industry has been spreading worldwide. Net sales in footwear and clothing in Latin America, Asia and Middle East is expected to rise by around 50% in the near future. Growing digitalization is also one of the factors contributing in augmenting sales of various clothes and footwear brands across the globe. This can be attributed to growing trend of online shopping among the millennial generation. A prominent growth rate in clothing industry is likely to drive the market for high-strength polyester thread in this sector during the forecast time frame.
Asia pacific and North America are key growth markets attributed to substantially growing end user industries in these regions. For instance, India’s clothing market is expected to be the sixth largest market globally. The net income of population is also expected to triple till 2025. Higher incomes can create a new consumer class for apparel manufacturers in the region. The clothing industry growth is driven by rising tech-savviness in consumers. On the other hand, in the U.S., the clothing sector accounts for over 6% of total imports. The increasing growth of clothing sector in these regions is uplifting market growth of high-strength polyester thread market.
High-strength polyester thread market is quite fragmented supported by presence of various small and large players in the market. Some of the key market players are Coats Group., AMANN, American and Efird, Threads India., Hengxin and FUJIX.
By Thread, 2014-2025 (Kilo Tons) (USD Million)
- Spun Polyester
- Multifilament Polyester
- Trilobal Polyester
- Texturized Polyester
- Poly-Wrapped Polycore
By Application, 2014-2025 (Kilo Tons) (USD Million)
- Packaging Products
- Leather & Shoes
- Others (Boat Covers, Awnings, Tents, and Tarps)
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Coats Group
- American & Efird LLC
- Amann & Sohne
- Threads India
- Shishi Flying Wheel Thread
- Hoton Group
- American & Efird
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