The industrial sewing thread market by turnover is expected
New York, December 16, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Industrial Sewing Thread Market – Global Outlook and Forecasts 2021-2026” – https://www.reportlinker.com/p05997462/? utm_source = GNW
4% over 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 shoes 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 driven by the growth of synthetics 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.
The following factors are likely to contribute to the growth of the industrial sewing thread market during the forecast period:
â¢ Growth of technical textiles
â¢ Demand for recycled yarns
â¢ Growing demand for clothing and footwear
The study examines the current industrial sewing thread market scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several factors, restraints, and growth trends in the market. The report presents both demand and supply aspects of the market. It profiles and reviews the top companies and other leading companies operating in the market.
Global segmentation of the 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 increasing use of synthetic yarns in interior design 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 sewing, tailoring 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 largest 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 stitch segment in Europe is expected to grow CAGR of approx. 5% over the forecast period.
Over the years, much of the textile and clothing industry has shifted from developed countries such as the US, EU, and Japan to developing countries, especially to China. , South Asia and Southeast Asia. This has influenced the growth of the APAC apparel market with China and India expecting to overtake several developed markets in terms of apparel 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 garment manufacturing in Europe is also expected to increase during the forecast period.
â¢ Shoes and accessories
â¢ Interior of the house
â¢ Sew and stitch
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.
â¢ North America
o United States
â¢ Latin America
â¢ Middle East and Africa
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 Yarn Mill, a manufacturer of high performance technical yarns based in North Carolina in the United States.
â¢ Elevate textiles
â¢ Simtex Group
â¢ 3M company
Other important suppliers
â¢ Innovation (Zhangjiagang) Sewing Thread Co. Ltd.
â¢ Sarla fibers
â¢ Tamishna Group
â¢ Modi yarns
â¢ Group of wells
â¢ PT.Sing Long
â¢ HP wires
â¢ Superior threads
â¢ Hujiang Group
â¢ Ningbo MH Group
â¢ Yiwu Mingrong Xianye
â¢ Sujata Synthetics Ltd.
â¢ Shenzhen Shunlong Thread Co. Ltd.
â¢ Taizhou Gingko weaving
â¢ Alpine textiles
â¢ Lexteks Textiles
â¢ Gunduz Pazarlama
â¢ Ozen Iplik
ANSWERS TO KEY QUESTIONS
1. What is the growth projection of the global industrial sewing thread market till 2026?
2. What are the investment opportunities in the global synthetic yarn market?
3. What will be the impact of COVID-19 on industrial sewing thread suppliers?
4. Who are the major players in the global industrial sewing thread market?
5. What are the growth trends and prospects for the industrial sewing thread market?
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