Growing demand for recycled yarns and technical textiles and increasing demand for textiles for clothing and footwear
DUBLIN, February 18, 2021 / PRNewswire / – The “Industrial Sewing Threads Market – Global Outlook and Forecasts 2021-2026” report has been added to ResearchAndMarkets.com offer.
Industrial Sewing Thread market sales are forecast to grow at 4.4% CAGR during the period 2021-2026.
The market is growing steadily on an annual basis. Sewing thread is one of the most essential accessories for making clothes and shoes. The current consumption of sewing thread is not only limited to footwear and clothing, but also extends to other textile products such as home interiors, automobile interiors, technical textiles.
Another factor driving the growth of the market is the growing number of customers shifting to low-cost clothing in developing and developed countries. Synthetic sewing threads dominate the market, which is growing at a promising CAGR.
The increase in demand is due to the growth of synthetic materials in the automotive, personal protective textiles, interior textiles and footwear industries. However, the application of cotton yarns is growing with the awareness of environmentally friendly textiles.
Segmentation of the global industrial sewing thread market
This research report includes detailed segmentation by Product, End User, Application, Geography. The demand for synthetic yarns has increased due to the increasing popularity of garments made from synthetic materials. The growing use of synthetic yarns in home decor products and technical textiles has also driven the market.
Nylon and polyester are preferred for synthetic and stretch knits because they have no shrinkage, offer high strength, and have excellent stretching capabilities. Vinylon sewing threads are expected to have high potential in the synthetic sewing thread segment. The material is increasingly popular because its attributes are similar to natural sewing threads and can be used as a cotton substitute in several applications such as textiles and automobiles.
While natural threads are preferred for needlework, needlework and embroidery end users, synthetic threads primarily find application in quilting and needlework. Cotton and polyester fibers are popular for sewing clothes, pillows, quilts, or crafts. The seam must be strong to withstand high speed sewing.
China is the world’s leading producer and exporter of raw textiles and clothing. The United States is the largest producer and exporter of raw cotton. The demand for sewing threads in the sewing and stitching segment Europe is expected to experience a CAGR growth of approx. 5% over the forecast period.
Over the years, much of the textile and clothing industry has moved from developed countries such as the US, EU and Japan developing countries, in particular China, South Asia, and South East Asia. This has influenced the growth of APAC apparel market, with China and India expecting to overtake several developed markets in clothing consumption.
The availability of cheap labor and the abundance of raw materials in Asian countries are major factors fueling change. However, the demand for sewing threads for the manufacture of clothing in Europe is also likely to grow over the forecast period.
OVERVIEW BY GEOGRAPHY
APAC is the world’s largest industrial sewing thread market. Synthetic yarns dominate the market with a revenue share of over 65%. The growing fashion trend is boosting the textile production market. The demand for personal protective clothing is also increasing in the region from various industries including pharmaceuticals, semiconductors, biotechnology and chemicals, which is influencing the growth of the market.
China is one of the largest textile markets followed by India, Indonesia, Bangladesh, and Vietnam. Additionally, consumer behavior has shifted towards affordable and comfortable clothing, which has resulted in a growing demand for high-value fabrics such as viscose, silk, and cotton. The demand for home textiles is also growing in the region, which is propelling the sewing thread market.
The suppliers have focused heavily on the development of sewing threads for technical textiles for high performance and safety of personal protective clothing. Technical yarns are used in outdoor textiles such as tents, lifting and restraint systems and other composite materials used in automobiles. The growth of the textile industry has created potential growth opportunities for future suppliers.
Companies are also focusing on partnerships such as acquisitions and mergers. These partnerships help companies to grow geographically. In 2017, Coats acquired Patrick Spinning, a manufacturer of high performance technical yarns based in North Carolina in the USA.
ANSWERS TO KEY QUESTIONS
- What is the growth projection of the global industrial sewing thread market till 2026?
- What are the investment opportunities in the global synthetic yarn market?
- How will COVID-19 impact industrial sewing thread suppliers?
- Who are the major players in the global industrial sewing thread market?
- What are the growth trends and prospects for the industrial sewing thread market?
- Elevate textiles
- Simtex Group
- The 3M Society
Other important suppliers
- Innovation (Zhangjiagang) Sewing Thread Co. Ltd.
- Sarla fibers
- Tamishna Group
- Modi son
- Group wells
- PT.Sing Long
- HP wires
- Superior threads
- Hujiang Group
- Ningbo MH Group
- Yiwu Mingrong Xianye
- Sujata Synthetics Ltd.
- Shenzhen Shunlong Thread Co. Ltd.
- Taizhou gingko weaving
- Alpine textiles
- Lexteks Textiles
- Gunduz Pazarlama
- Ozen Iplik
Main topics covered:
1 Research methodology
2 Research objectives
3 Research process
4 Scope and coverage
4.1 Market definition
4.2 Reference year
4.3 Scope of the study
5 Hypotheses and caveats in the report
5.1 Key caveats
5.2 Currency conversion
5.3 Market derivation
6 Market overview
7.2 Impact of COVID-19
8 Market opportunities and trends
8.1 Cultivating technical textiles
8.2 Growing demand for recycled yarn
9 market growth catalysts
9.1 Growing demand for textiles for clothing and footwear
9.2 Growing use of textiles in the automotive and transport industries
10 market restrictions
10.1 Presence of strict government regulations in the global textile industry
10.2 Trade barriers in the textile industry
11 Market landscape
11.1 Market overview
11.2 Analysis of the five forces
12.1 Market Overview and Growth Driver
12.2 Market overview
13 end users
13.1 Market Overview and Growth Driver
13.2 Market overview
13.4 Footwear and accessories
13.5 Interior of the house
14 End use
14.1 Market Overview and Growth Driver
14.2 Market overview
14.3 Sewing and stitching
15.1 Market Overview and Growth Driver
15.2 Geographic overview
For more information on this report, visit https://www.researchandmarkets.com/r/d2o0ap
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