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High-Strength Polyester Thread Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI4357
High-strength Polyester Thread Market size is projected to depict a substantial growth trajectory from 2023 to 2032 driven by increasing demand among textile and leather manufacturers.
The surging use of high-strength polyester as sewing thread can be attributed to its robust properties such as resistance to alkalis, acids, sunlight, mildew, and bleaching. Rapid urbanization and the constantly changing fashion industry are also fuelling the need for trending apparel. Moreover, the rising disposable incomes across the world are expected to foster new trends in the textile sector, thus driving product demand.
High-strength polyester threads are gaining substantial momentum with increasing use in textile and leather products. They facilitate knotless packaging and are used as industrial threads to manufacture leader goods, purses, and belts. Increasing sales of textile and leather products driven by the growing customer interest in luxury products will propel the high-strength polyester thread market trends.
However, the potential impact of polyester on the environment may impede product demand over the upcoming period. Polyester production is an energy-intensive process and consumes massive amounts of energy. After production, the polyester textiles are washed by shedding fibers in untreated water, eventually ending up in water bodies.
Furthermore, the emergence of unprecedented global and geopolitical crises such as the COVID-19 pandemic followed by the Russia-Ukraine war are depicting a profoundly negative impact on the high-strength polyester thread industry. For instance, in China, the cost of raw materials required to produce polyester significantly soared in the wake of the pandemic, resulting in supply chain disruptions.
Based on product, the high-strength polyester thread market valuation from the 150 D3 segment is estimated to witness significant growth by 2032 driven by the thriving need for exceptional sewability, high abrasion resistance, and tenacity. This sewing thread is extensively used to make handbags, outwear, shoes, curtains, and industrial products. High-performance of this sewing thread can be credited to the use of polyester continuous filaments polished with superior-quality silicone wax.
In terms of thread type, the industry share from the spun polyester thread segment is anticipated to grow significantly over the forecast period. 100% spun polyester threads are widely used for high-speed sewing machines as they offer high friction, elasticity, superior chemical stability, and optimum shrinkage. Additionally, spun polyester threads are more cost-effective and allow economical production, and will thus contribute to the market progression.
Regionally, the Asia Pacific high-strength polyester thread market size is poised to witness significant expansion between 2023 and 2032. The robust population growth in countries such as India, and China will represent lucrative demand for textiles and apparel. According to the IBEF (India Brand Equity Foundation), India is the world’s second-largest producer of garments and textiles and the fifth-largest export of apparel, technical, and home textiles. It has also been estimated that in FY22, India’s textile and apparel exports reported a 41% YoY growth reaching USD 44.4 billion.
Some key players in the high-strength polyester thread industry include FUJIX, Threads India, Coats Group, American & Efird, Hengxin, and AMANN. The competitors are primarily focusing on developing innovative products and implementing strategic expansions along with new collaborations and partnerships to improve their business footprint.
In the looming years, the apparel and textile sectors are anticipated to foster new trends for the high-strength polyester thread market, including sustainable fabrics and recycled polyester for manufacturing shoes and clothing. Furthermore, the booming demand for athleisure coupled with the advancements in activewear products will pave the way for improved product demand.
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