High-strength Polyester Thread Market size is forecast to reach $347 million by 2025, after growing at a CAGR of 3.1% during 2020-2025. The growing usage of high-strength polyester thread due its properties such as resistance to sunlight, mildew, bleaching, acids, and alkalis by end use industry such as marine, outdoor upholstery, tarpaulins, pool covers, flags & banners, clothing, and leatherwork, leads to increase the demand of high-strength polyester thread market.
By Thread Type - Segment Analysis
On the basis of thread type, the market is segment into spun polyester, multifilament polyester, trilobal 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.
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By Applications Type - Segment Analysis
On the basis of application, the market is segmented into packaging products, clothing, leather and shoes, and others. 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. Also, 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.
Geography - Segment Analysis
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. 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.
Drivers – High-strength Polyester Thread Market
The rising demand of knotless packaging from textile and leather industry
The growing demand for goods from the textile and leather industries would be major factors driving demand for products worldwide. The knotless packaging and thread strength make it ideal for use in various applications in textile industry including heavy duty stitching, collar stitching and much more. The items made using such threads are available in various colors as well as packaging choices. In addition, industrial threads for shoe stitching, leather goods, belts, purses, and upholstery stitching are often used in stitching industry. The product is used to make various sport goods including bag closure & stitching.
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Challenges – High-strength Polyester Thread Market
The negative impact caused by polyester on environment
The main hindrance in the growth of the demand for high-strength polyester threads is likely to be faced by negative environmental impacts caused by polyester. The manufacture of polyester contains toxic chemicals such as carcinogens which can cause major damage to the environment when disposed of in water sources and air without any pre-treatment. This also needs nearly double the energy needed by other traditional manufacturing goods. However, one of the big issues of using this synthetic fabric is that it can be sticky and sweaty which can be uncomfortable.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the High-strength Polyester Thread market. High-strength Polyester Thread Market top 10 companies are Coats Group, American & Efird LLC, Amann & Sohne, Threads India, FUJIX, Hengxin, Shishi Flying Wheel Thread, Shuangsique, Xinglun and Saiwei, among others.
High-strength polyester threads are actively used in stitching industry for collar stitching, shoe stitching, and leather goods such as purses, bags & upholstery stitching, and sewing.
The COVID-19 outbreak has lowered the world’s economic growth. Due to lockdown, the textile and clothing industry has resulted with huge crisis, which have degraded the growth of high-strength polyester thread market.
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