The Synthetic Fiber Manufacturing industry has endured considerable challenges over the five years to 2015. Although a postrecession recovery in consumer spending raised production levels in many key downstream industries, the sharp appreciation of the dollar in recent years has dampened exports and exacerbated import competition. Despite moderate growth over the past five years, the industry has yet to reach revenue levels achieved prior to the economic downturn, as a long-term trend of offshoring in apparel and textile manufacturing has reduced synthetic fiber manufacturers' domestic customer base. Nevertheless, demand is expected to stabilize in the next five years, enabling the industry to grow incrementally through 2020.
This industry produces cellulosic and noncellulosic fibers and filaments in the form of monofilament, filament yarn, staple or tow. Key cellulosic organic fibers and filaments include rayon and acetate. Noncellulosic fibers and filaments include acrylic, nylon, polyester and spandex. This industry does not include fiber, yarn or thread mills, thread manufacturers of any other fibers, or manufacturers of hemp yarn.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.